<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FIRST QUARTER 10-QSB AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH 10-QSB. </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> SEP-30-1997 <PERIOD-END> DEC-31-1996 <CASH> 3,321,854 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 3,666,688 <PP&E> 721,751 <DEPRECIATION> 336,033 <TOTAL-ASSETS> 5,832,448 <CURRENT-LIABILITIES> 480,612 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 119,348 <OTHER-SE> 5,232,488 <TOTAL-LIABILITY-AND-EQUITY> 5,832,448 <SALES> 930 <TOTAL-REVENUES> 930 <CGS> 0 <TOTAL-COSTS> 765,949 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (721,754) <INCOME-TAX> (721,754) <INCOME-CONTINUING> (721,754) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (721,754) <EPS-PRIMARY> (.06) <EPS-DILUTED> (.06)