<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> MAR-31-1996 <PERIOD-END> SEP-30-1996 <CASH> 10,619 <SECURITIES> 0 <RECEIVABLES> 14,604 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 25,223 <PP&E> 4,749,931 <DEPRECIATION> 0 <TOTAL-ASSETS> 4,775,154 <CURRENT-LIABILITIES> 2,276,207 <BONDS> 233,416 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 992,195 <OTHER-SE> 1,273,336 <TOTAL-LIABILITY-AND-EQUITY> 4,775,154 <SALES> 0 <TOTAL-REVENUES> 8,505 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 392,949 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 82,075 <INCOME-PRETAX> (466,519) <INCOME-TAX> 0 <INCOME-CONTINUING> (466,519) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (466,519) <EPS-PRIMARY> (.06) <EPS-DILUTED> (.06)