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<TABLE> <S> <C>
<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> JUN-30-1996
<PERIOD-END> SEP-30-1996
<CASH> 74,510
<SECURITIES> 1,058,125
<RECEIVABLES> 83,595
<ALLOWANCES> 0
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<CURRENT-ASSETS> 113,373
<PP&E> 0
<DEPRECIATION> 0
<TOTAL-ASSETS> 1,592,851
<CURRENT-LIABILITIES> 25,958
<BONDS> 0
0
0
<COMMON> 54,000
<OTHER-SE> 15,088,360
<TOTAL-LIABILITY-AND-EQUITY> 1,592,851
<SALES> 94,318
<TOTAL-REVENUES> 107,514
<CGS> 0
<TOTAL-COSTS> 0
<OTHER-EXPENSES> 116,837
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 0
<INCOME-PRETAX> (9,323)
<INCOME-TAX> 0
<INCOME-CONTINUING> 0
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (9,323)
<EPS-PRIMARY> (0.00)
<EPS-DILUTED> (0.00)
</TABLE>
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