<TABLE> <S> <C>
<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> MAY-31-2000
<PERIOD-START> JUN-01-1999
<PERIOD-END> MAY-31-2000
<CASH> 1,151,546
<SECURITIES> 23,792,089
<RECEIVABLES> 0
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 25,136,857
<PP&E> 79,410
<DEPRECIATION> 0
<TOTAL-ASSETS> 29,652,338
<CURRENT-LIABILITIES> 10,503,698
<BONDS> 0
0
0
<COMMON> 4,870,298
<OTHER-SE> 14,278,342
<TOTAL-LIABILITY-AND-EQUITY> 29,652,338
<SALES> 0
<TOTAL-REVENUES> 7,496,176
<CGS> 0
<TOTAL-COSTS> 0
<OTHER-EXPENSES> 2,651,398
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 0
<INCOME-PRETAX> 3,214,457
<INCOME-TAX> 1,278,000
<INCOME-CONTINUING> 1,936,457
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 1,936,457
<EPS-BASIC> .17
<EPS-DILUTED> .17
</TABLE>
