<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> 9-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> SEP-30-1998 <CASH> 1,897,306 <SECURITIES> 0 <RECEIVABLES> 782 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 2,124,088 <PP&E> 246,182 <DEPRECIATION> 0 <TOTAL-ASSETS> 2,370,270 <CURRENT-LIABILITIES> 34,820 <BONDS> 0 <COMMON> 537,500 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 1,797,950 <TOTAL-LIABILITY-AND-EQUITY> 2,370,270 <SALES> 0 <TOTAL-REVENUES> 124,547 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 52,331 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 72,216 <INCOME-TAX> 30,000 <INCOME-CONTINUING> 42,216 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 42,216 <EPS-PRIMARY> 0 <EPS-DILUTED> 0