<ARTICLE> 5
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          JUN-30-1995
<PERIOD-END>                               MAR-31-1996
<CASH>                                         290,706
<SECURITIES>                                   298,527
<RECEIVABLES>                                   12,288
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                             1,041,746
<PP&E>                                               0
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                               1,189,030
<CURRENT-LIABILITIES>                          560,922
<BONDS>                                              0
<COMMON>                                     1,654,642
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                     95,482
<OTHER-SE>                                           0
<TOTAL-LIABILITY-AND-EQUITY>                 1,189,030
<SALES>                                         97,735
<TOTAL-REVENUES>                                97,735
<CGS>                                           96,096
<TOTAL-COSTS>                                1,305,101
<OTHER-EXPENSES>                                66,240
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                             146,357
<INCOME-PRETAX>                            (1,273,606)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                               (1,273,606)
<EPS-PRIMARY>                                    (.81)
<EPS-DILUTED>                                    (.81)