<ARTICLE> 5
<LEGEND>
The schedule contains summary financial information extracted from the
consolidated financial statements for the year ended December 31, 1997 and is
qualified in its entirety by reference to such statements.
</LEGEND>
       
                             
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               DEC-31-1997
<CASH>                                         815,804
<SECURITIES>                                         0
<RECEIVABLES>                                  181,019
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                             1,046,053
<PP&E>                                          55,177
<DEPRECIATION>                                  20,000
<TOTAL-ASSETS>                               1,227,730
<CURRENT-LIABILITIES>                          252,741
<BONDS>                                         17,602
<PREFERRED-MANDATORY>                           54,032
<PREFERRED>                                          0
<COMMON>                                             0
<OTHER-SE>                                     903,355
<TOTAL-LIABILITY-AND-EQUITY>                 1,227,730
<SALES>                                         24,000
<TOTAL-REVENUES>                                24,000
<CGS>                                                0
<TOTAL-COSTS>                                  274,256
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              42,301
<INCOME-PRETAX>                                688,195
<INCOME-TAX>                                    12,000
<INCOME-CONTINUING>                            676,195
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   676,195
<EPS-PRIMARY>                                      .13
<EPS-DILUTED>                                      .13