<ARTICLE>                     5
<LEGEND>                     
This schedule contains summary financial  information extracted from Form 10Q at
November  30,  1996  and is  qualified  in its  entirety  by  reference  to such
financial statements.
</LEGEND>     
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                              FEB-28-1997
<PERIOD-END>                                   NOV-30-1996
<CASH>                                         653,000
<SECURITIES>                                   1,868,000
<RECEIVABLES>                                  0
<ALLOWANCES>                                   0
<INVENTORY>                                    0
<CURRENT-ASSETS>                               9,000
<PP&E>                                         25,000
<DEPRECIATION>                                 22,000
<TOTAL-ASSETS>                                 2,530,000
<CURRENT-LIABILITIES>                          1,836,000
<BONDS>                                        0
<PREFERRED-MANDATORY>                          0
<PREFERRED>                                    0
<COMMON>                                       25,000
<OTHER-SE>                                     0
<TOTAL-LIABILITY-AND-EQUITY>                   2,530,000
<SALES>                                        0
<TOTAL-REVENUES>                               0
<CGS>                                          0
<TOTAL-COSTS>                                  0
<OTHER-EXPENSES>                               164,000
<LOSS-PROVISION>                               0
<INTEREST-EXPENSE>                             27,000
<INCOME-PRETAX>                                (134,000)
<INCOME-TAX>                                   0
<INCOME-CONTINUING>                            (134,000)
<DISCONTINUED>                                 0
<EXTRAORDINARY>                                0
<CHANGES>                                      0
<NET-INCOME>                                   (134,000)
<EPS-PRIMARY>                                  (0.06)
<EPS-DILUTED>                                  (0.06)