<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE STATEMENT OF FINANCIAL CONDITION AS OF JUNE 30, 1997 AND STATEMENT OF OPERATIONS FOR THE THREE MONTHS ENDED JUNE 30, 1997 AS PROVIDED ON FORM 10-QSB FOR THE 2ND QUARTER 1997 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FORM 10-QSB FOR THE QUARTER ENDED JUNE 30, 1997. </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> APR-01-1997 <PERIOD-END> JUN-30-1997 <CASH> 8,176,469 <SECURITIES> 0 <RECEIVABLES> 104,977 <ALLOWANCES> 0 <INVENTORY> 8,220,126 <CURRENT-ASSETS> 1,529 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 16,503,101 <CURRENT-LIABILITIES> 1,777,495 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 14,725,606 <TOTAL-LIABILITY-AND-EQUITY> 16,503,101 <SALES> 0 <TOTAL-REVENUES> 161,056 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 267,213 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (80,283) <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (80,283) <EPS-PRIMARY> 0 <EPS-DILUTED> 0