<TABLE> <S> <C>

<ARTICLE>                     9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FINANCIAL STATEMENTS CONTAINED IN THE BODY OF THE ACCOMPANYING ANNUAL REPORT ON
FORM 10-K AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<MULTIPLIER>                  1

<S>                                                <C>
<PERIOD-TYPE>                                      YEAR
<FISCAL-YEAR-END>                                  DEC-31-1996
<PERIOD-END>                                       DEC-31-1996
<CASH>                                                   5,066,467
<INT-BEARING-DEPOSITS>                                           0
<FED-FUNDS-SOLD>                                                 0
<TRADING-ASSETS>                                                 0
<INVESTMENTS-HELD-FOR-SALE>                                      0
<INVESTMENTS-CARRYING>                                  23,403,920
<INVESTMENTS-MARKET>                                    23,403,920
<LOANS>                                                          0
<ALLOWANCE>                                                      0
<TOTAL-ASSETS>                                          31,200,633
<DEPOSITS>                                                       0
<SHORT-TERM>                                                     0
<LIABILITIES-OTHER>                                     21,649,681
<LONG-TERM>                                                      0
<PREFERRED-MANDATORY>                                            0
<PREFERRED>                                                      0
<COMMON>                                                         0
<OTHER-SE>                                               9,550,952
<TOTAL-LIABILITIES-AND-EQUITY>                          31,200,633
<INTEREST-LOAN>                                                  0
<INTEREST-INVEST>                                                0
<INTEREST-OTHER>                                           258,521
<INTEREST-TOTAL>                                           258,521
<INTEREST-DEPOSIT>                                               0
<INTEREST-EXPENSE>                                       1,204,042
<INTEREST-INCOME-NET>                                    (945,521)
<LOAN-LOSSES>                                                    0
<SECURITIES-GAINS>                                      12,939,461
<EXPENSE-OTHER>                                          9,096,406
<INCOME-PRETAX>                                          4,491,143
<INCOME-PRE-EXTRAORDINARY>                               4,491,143
<EXTRAORDINARY>                                                  0
<CHANGES>                                                        0
<NET-INCOME>                                             4,491,143
<EPS-PRIMARY>                                                    0
<EPS-DILUTED>                                                    0
<YIELD-ACTUAL>                                                   0
<LOANS-NON>                                                      0
<LOANS-PAST>                                                     0
<LOANS-TROUBLED>                                                 0
<LOANS-PROBLEM>                                                  0
<ALLOWANCE-OPEN>                                                 0
<CHARGE-OFFS>                                                    0
<RECOVERIES>                                                     0
<ALLOWANCE-CLOSE>                                                0
<ALLOWANCE-DOMESTIC>                                             0
<ALLOWANCE-FOREIGN>                                              0
<ALLOWANCE-UNALLOCATED>                                          0


</TABLE>