<ARTICLE> 5
<LEGEND>

THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
10-QSB FOR THE PERIOD ENDED DECEMBER 31, 1996 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FORM 10-QSB.

</LEGEND>
<MULTIPLIER> 1

                          
<PERIOD-TYPE>                3-MOS
<FISCAL-YEAR-END>            MAR-31-1997
<PERIOD-END>                 DEC-31-1996
<CASH>                           447,130
<SECURITIES>                           0 
<RECEIVABLES>                  1,380,068
<ALLOWANCES>                           0
<INVENTORY>                            0
<CURRENT-ASSETS>               1,827,198
<PP&E>                             2,660
<DEPRECIATION>                     1,198
<TOTAL-ASSETS>                 1,828,660
<CURRENT-LIABILITIES>              1,635
<BONDS>                                0
<PREFERRED-MANDATORY>                  0
<PREFERRED>                    1,427,700
<COMMON>                       1,436,055
<OTHER-SE>                             0
<TOTAL-LIABILITY-AND-EQUITY>   1,828,660
<SALES>                                0
<TOTAL-REVENUES>                  12,540
<CGS>                                  0
<TOTAL-COSTS>                          0
<OTHER-EXPENSES>                  67,803
<LOSS-PROVISION>                       0
<INTEREST-EXPENSE>                     0
<INCOME-PRETAX>                        0
<INCOME-TAX>                           0
<INCOME-CONTINUING>              (55,263) 
<DISCONTINUED>                         0
<EXTRAORDINARY>                        0
<CHANGES>                              0
<NET-INCOME>                     (55,263)
<EPS-PRIMARY>                       (.04)   
<EPS-DILUTED>                       (.04)