<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from the unaudited financial statements contained in the Company's Form 10-QSB and is qualified in its entirety by reference to such financial statements. </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> MAR-31-1996 <CASH> 632,061 <SECURITIES> 6 <RECEIVABLES> 1,736 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 939,428 <PP&E> 290,368 <DEPRECIATION> 0 <TOTAL-ASSETS> 1,242,664 <CURRENT-LIABILITIES> 14,241 <BONDS> 0 <COMMON> 1,416,908 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> (188,665) <TOTAL-LIABILITY-AND-EQUITY> 1,228,243 <SALES> 0 <TOTAL-REVENUES> 26,303 <CGS> 0 <TOTAL-COSTS> 17,288 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 9,015 <INCOME-TAX> 3,700 <INCOME-CONTINUING> 5,315 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 5,315 <EPS-PRIMARY> 0 <EPS-DILUTED> 0