EXHIBIT 11

             STATEMENT REGARDING COMPUTATION OF NET INCOME PER SHARE

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<CAPTION>

                                                                        Three Months Ended                  Six Months Ended
                                                                              December 31,                      December 31,

                                                                      1995               1994             1995              1994
                                                                   ----------         ----------      -----------        --------
<S>                                                                <C>                <C>             <C>                <C>
Net income per share was computed as follows:

PRIMARY:

  1)  Net income                                                    $1,941,462         $1,784,931     $3,457,257         $2,757,655
                                                                     =========          =========      =========          =========

  2)  Weighted average common
         shares outstanding                                          7,169,468          6,005,070      6,604,831          5,998,436

  3)  Incremental shares under stock options computed
         under the treasury stock method using the
         average market price of issuer's common stock
         during the periods                                            288,881            189,894        280,403            192,439
                                                                     ---------          ---------      ---------          ---------

  4)  Weighted average common and common equivalent
         shares outstanding                                          7,458,349          6,194,964      6,885,234          6,190,875
                                                                     =========          =========      =========          =========

  5)  Net income per share (item 1 divided by item 4)               $     .26       $         .29   $        .50       $        .45
                                                                     ===========        ===========   ===========        ===========


FULLY DILUTED:

  1)  Net income                                                    $1,941,462         $1,784,931     $3,457,257         $2,757,655
                                                                     =========          =========      =========          =========

  2)  Weighted average common shares outstanding                     7,169,468          6,005,070      6,604,831          5,998,436

  3)  Incremental shares under stock options computed
         under the treasury stock method using the
         market price of issuer's common at the end
         of the periods if higher than the average
         market price                                                  301,058            189,894        300,246            192,439
                                                                     ---------          ---------      ---------          ---------

  4)  Weighted average common and common equivalent
         shares outstanding                                          7,470,526          6,194,964      6,905,077          6,190,875
                                                                     =========          =========      =========          =========

  5)  Net income per share (item 1 divided by item 4)               $      .26         $      .29     $      .50          $     .45
                                                                     ===========      ===========    ===========        ===========

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