<ARTICLE> 5 <LEGEND> THE FINANCIAL DATA SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE COMPANY'S FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> MAR-31-1997 <PERIOD-END> JUN-30-1996 <CASH> 3,560 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,437,945 <PP&E> 4,744,735 <DEPRECIATION> 0 <TOTAL-ASSETS> 6,185,640 <CURRENT-LIABILITIES> 2,369,380 <BONDS> 1,665,648 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 971,685 <OTHER-SE> 1,179,927 <TOTAL-LIABILITY-AND-EQUITY> 6,185,640 <SALES> 0 <TOTAL-REVENUES> 21,095 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 251,382 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 33,748 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> (264,035) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (264,035) <EPS-PRIMARY> (.01) <EPS-DILUTED> (.01)