<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1997 <PERIOD-END> JUN-30-1997 <CASH> 1,839,485 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,868,542 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 3,983,290 <CURRENT-LIABILITIES> 189,018 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 2,340 <OTHER-SE> 3,791,932 <TOTAL-LIABILITY-AND-EQUITY> 3,983,290 <SALES> 0 <TOTAL-REVENUES> 0 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 1,007,452 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (953,005) <INCOME-TAX> 0 <INCOME-CONTINUING> (953,005) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (953,005) <EPS-PRIMARY> (.41) <EPS-DILUTED> (.41)