<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> 6-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> JUN-30-1998 <CASH> 1,869,697 <SECURITIES> 0 <RECEIVABLES> 226,782 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 2,096,479 <PP&E> 254,882 <DEPRECIATION> 0 <TOTAL-ASSETS> 2,351,361 <CURRENT-LIABILITIES> 30,345 <BONDS> 0 <COMMON> 537,500 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 1,783,516 <TOTAL-LIABILITY-AND-EQUITY> 2,351,361 <SALES> 0 <TOTAL-REVENUES> 82,205 <CGS> 0 <TOTAL-COSTS> 34,423 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 47,782 <INCOME-TAX> 20,000 <INCOME-CONTINUING> 27,782 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 27,782 <EPS-PRIMARY> 0 <EPS-DILUTED> 0