<ARTICLE>                     5
<LEGEND>
     This schedule  contains summary financial  information  extracted from Form
10Q at May 31,  1998 and is  qualified  in its  entirety  by  reference  to such
financial statements.
</LEGEND>

       
                             
<PERIOD-TYPE>                    3-MOS
<FISCAL-YEAR-END>                              Feb-28-1999
<PERIOD-END>                                   May-31-1998
<CASH>                                             739,000 
<SECURITIES>                                     1,958,000 
<RECEIVABLES>                                       25,000 
<ALLOWANCES>                                             0 
<INVENTORY>                                              0 
<CURRENT-ASSETS>                                     6,000 
<PP&E>                                              25,000 
<DEPRECIATION>                                     (23,000)
<TOTAL-ASSETS>                                   2,730,000 
<CURRENT-LIABILITIES>                            1,776,000 
<BONDS>                                                  0 
<PREFERRED-MANDATORY>                               25,000 
<PREFERRED>                                              0 
<COMMON>                                                 0 
<OTHER-SE>                                         929,000 
<TOTAL-LIABILITY-AND-EQUITY>                     2,730,000 
<SALES>                                                  0 
<TOTAL-REVENUES>                                    85,000 
<CGS>                                                    0 
<TOTAL-COSTS>                                            0 
<OTHER-EXPENSES>                                    79,000 
<LOSS-PROVISION>                                         0 
<INTEREST-EXPENSE>                                   5,000 
<INCOME-PRETAX>                                      1,000 
<INCOME-TAX>                                             0 
<INCOME-CONTINUING>                                  1,000 
<DISCONTINUED>                                           0 
<EXTRAORDINARY>                                          0 
<CHANGES>                                                0 
<NET-INCOME>                                         1,000 
<EPS-PRIMARY>                                         0.00 
<EPS-DILUTED>                                         0.00