<ARTICLE>                     5
<LEGEND>
     This schedule  contains summary financial  information  extracted from form
10Q at May 31,  1997 and is  qualified  in its  entirety  by  reference  to such
financial statements.
</LEGEND>

       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                              FEB-28-1998
<PERIOD-END>                                   MAY-31-1997
<CASH>                                         448,000
<SECURITIES>                                   2,593,000
<RECEIVABLES>                                  50,000
<ALLOWANCES>                                   0
<INVENTORY>                                    0
<CURRENT-ASSETS>                               17,000
<PP&E>                                         25,000
<DEPRECIATION>                                 23,000
<TOTAL-ASSETS>                                 3,108,000
<CURRENT-LIABILITIES>                          1,797,000
<BONDS>                                        0
<PREFERRED-MANDATORY>                          25,000
<PREFERRED>                                    0
<COMMON>                                       0
<OTHER-SE>                                     0
<TOTAL-LIABILITY-AND-EQUITY>                   3,108,000
<SALES>                                        0
<TOTAL-REVENUES>                               0
<CGS>                                          0
<TOTAL-COSTS>                                  0
<OTHER-EXPENSES>                               53,000
<LOSS-PROVISION>                               0
<INTEREST-EXPENSE>                             8,000
<INCOME-PRETAX>                                (164,000)
<INCOME-TAX>                                   0
<INCOME-CONTINUING>                            (164,000)
<DISCONTINUED>                                 0
<EXTRAORDINARY>                                0
<CHANGES>                                      0
<NET-INCOME>                                   (164,000)
<EPS-PRIMARY>                                  (0.07)
<EPS-DILUTED>                                  (0.07)