<TABLE> <S> <C>

<ARTICLE> 5
<LEGEND>
This Schedule contains summary financial information extracted from the
consolidated financial statements and notes included in this Form 10-Q and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<MULTIPLIER> 1,000

<S>                             <C>
<PERIOD-TYPE>                                    3-MOS
<FISCAL-YEAR-END>                          JUN-30-2000
<PERIOD-START>                             JUL-01-2000
<PERIOD-END>                               SEP-30-2000
<CASH>                                           7,081
<SECURITIES>                                     9,096
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                               0
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                                  25,795
<CURRENT-LIABILITIES>                                0
<BONDS>                                         21,515
                                0
                                         30
<COMMON>                                            27
<OTHER-SE>                                       2,462
<TOTAL-LIABILITY-AND-EQUITY>                    25,795
<SALES>                                              0
<TOTAL-REVENUES>                                    34
<CGS>                                                0
<TOTAL-COSTS>                                      517
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                 302
<INCOME-PRETAX>                                  (483)
<INCOME-TAX>                                         1
<INCOME-CONTINUING>                              (484)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     (484)
<EPS-BASIC>                                     (0.21)
<EPS-DILUTED>                                   (0.21)


</TABLE>



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