<ARTICLE>                     5
<LEGEND>
THIS  SCHEDULE  CONTAINS  SUMMARY  FINANCIAL   INFORMATION  EXTRACTED  FROM  THE
FINANCIAL  STATEMENTS  AND IS  QUALIFIED  IN ITS  ENTIRETY BY  REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>

       
                             
<PERIOD-TYPE>                   9-mos
<FISCAL-YEAR-END>                              DEC-31-1997
<PERIOD-START>                                 JAN-01-1997
<PERIOD-END>                                   SEP-30-1997
<CASH>                                         9,497,827
<SECURITIES>                                   0
<RECEIVABLES>                                  0
<ALLOWANCES>                                   0
<INVENTORY>                                    0
<CURRENT-ASSETS>                               9,645,967
<PP&E>                                         28,674
<DEPRECIATION>                                 14,418
<TOTAL-ASSETS>                                 9,660,832
<CURRENT-LIABILITIES>                          133,866
<BONDS>                                        0
<PREFERRED-MANDATORY>                          0
<PREFERRED>                                    0
<COMMON>                                       587
<OTHER-SE>                                     9,526,379
<TOTAL-LIABILITY-AND-EQUITY>                   9,660,832
<SALES>                                        0
<TOTAL-REVENUES>                               412,500
<CGS>                                          0
<TOTAL-COSTS>                                  0
<OTHER-EXPENSES>                               1,812,679
<LOSS-PROVISION>                               0
<INTEREST-EXPENSE>                             185,086
<INCOME-PRETAX>                                (1,585,265)
<INCOME-TAX>                                   0
<INCOME-CONTINUING>                            (1,585,265)
<DISCONTINUED>                                 0
<EXTRAORDINARY>                                0
<CHANGES>                                      0
<NET-INCOME>                                   (1,585,265)
<EPS-PRIMARY>                                  (.41)
<EPS-DILUTED>                                  (.41)