<ARTICLE>                     5
<LEGEND>
This schedule contains summary financial  information extracted from Form 10Q at
November  30,  1997  and is  qualified  in its  entirety  by  reference  to such
financial statements.
</LEGEND>

       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                              FEB-28-1998   
<PERIOD-END>                                   NOV-30-1997   
<CASH>                                             949,000   
<SECURITIES>                                     2,244,000   
<RECEIVABLES>                                       50,000   
<ALLOWANCES>                                             0   
<INVENTORY>                                              0   
<CURRENT-ASSETS>                                    17,000   
<PP&E>                                              25,000   
<DEPRECIATION>                                      23,000   
<TOTAL-ASSETS>                                   3,260,000   
<CURRENT-LIABILITIES>                            1,822,000   
<BONDS>                                                  0   
<PREFERRED-MANDATORY>                               25,000   
<PREFERRED>                                              0   
<COMMON>                                                 0   
<OTHER-SE>                                               0   
<TOTAL-LIABILITY-AND-EQUITY>                     3,260,000   
<SALES>                                                  0   
<TOTAL-REVENUES>                                         0   
<CGS>                                                    0   
<TOTAL-COSTS>                                            0   
<OTHER-EXPENSES>                                   150,000   
<LOSS-PROVISION>                                         0   
<INTEREST-EXPENSE>                                  22,000   
<INCOME-PRETAX>                                    (34,000)  
<INCOME-TAX>                                             0   
<INCOME-CONTINUING>                                (34,000)  
<DISCONTINUED>                                           0   
<EXTRAORDINARY>                                          0   
<CHANGES>                                                0   
<NET-INCOME>                                       (34,000)  
<EPS-PRIMARY>                                        (0.01)  
<EPS-DILUTED>                                        (0.01)