<ARTICLE> 5
<LEGEND>
The Schedule contains summary financial information extracted from
the Consolidated Balance Sheets, Statements of Operations and
Consolidated Statement of Cash Flows and is qualified in its entirety
by reference to such financial statements.
</LEGEND>

                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          MAR-31-2001
<PERIOD-END>                               JUN-30-2000
<CASH>                                       1,927,000
<SECURITIES>                                         0
<RECEIVABLES>                                  611,000
<ALLOWANCES>                                 4,605,000
<INVENTORY>                                      8,000
<CURRENT-ASSETS>                             2,594,000
<PP&E>                                         127,000
<DEPRECIATION>                                  80,000
<TOTAL-ASSETS>                               8,123,000
<CURRENT-LIABILITIES>                        1,086,000
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                    450,000
<COMMON>                                        25,000
<OTHER-SE>                                   3,735,000
<TOTAL-LIABILITY-AND-EQUITY>                 8,123,000
<SALES>                                      5,525,000
<TOTAL-REVENUES>                             7,033,000
<CGS>                                        2,879,000
<TOTAL-COSTS>                                3,854,000
<OTHER-EXPENSES>                               626,000
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              83,000
<INCOME-PRETAX>                              2,470,000
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                          2,470,000
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 2,470,000
<EPS-BASIC>                                       0.95
<EPS-DILUTED>                                      .61