<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> MAR-31-1996 <PERIOD-END> DEC-30-1996 <CASH> 64,353 <SECURITIES> 0 <RECEIVABLES> 85,609 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 149,962 <PP&E> 4,744,765 <DEPRECIATION> 0 <TOTAL-ASSETS> 4,894,727 <CURRENT-LIABILITIES> 1,733,794 <BONDS> 213,583 <PREFERRED-MANDATORY> 0 <PREFERRED> 901,000 <COMMON> 997,963 <OTHER-SE> 1,048,387 <TOTAL-LIABILITY-AND-EQUITY> 4,894,727 <SALES> 0 <TOTAL-REVENUES> 49,290 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 203,502 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 171,016 <INCOME-PRETAX> (325,228) <INCOME-TAX> 0 <INCOME-CONTINUING> (325,228) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (325,228) <EPS-PRIMARY> (.04) <EPS-DILUTED> (.04)