<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> FEB-13-1998 <PERIOD-END> MAR-31-1998 <CASH> 18,690,039 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 19,680,425 <CURRENT-LIABILITIES> 100,764 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> (312,617) <TOTAL-LIABILITY-AND-EQUITY> 19,680,425 <SALES> 0 <TOTAL-REVENUES> 0 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 303,869 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 8,748 <INCOME-PRETAX> (312,617) <INCOME-TAX> 0 <INCOME-CONTINUING> (312,617) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (312,617) <EPS-PRIMARY> (0.015) <EPS-DILUTED> (0.015)