<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> SEP-30-1997 <CASH> 373,719 <SECURITIES> 0 <RECEIVABLES> 33,500 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 536,281 <PP&E> 29,903 <DEPRECIATION> 0 <TOTAL-ASSETS> 2,443,756 <CURRENT-LIABILITIES> 550,285 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 880 <OTHER-SE> 1,455,091 <TOTAL-LIABILITY-AND-EQUITY> 2,443,756 <SALES> 0 <TOTAL-REVENUES> 448 <CGS> 0 <TOTAL-COSTS> 68,205 <OTHER-EXPENSES> 601,770 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (669,527) <INCOME-TAX> 0 <INCOME-CONTINUING> (669,527) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (669,527) <EPS-PRIMARY> (.700) <EPS-DILUTED> 0