WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

  
 
    <ARTICLE>         5
    <LEGEND>
    This schedule contains summary financial information extracted from the
    consolidated statement of financial condition at September 30, 1997
    (unaudited) and the consolidated statement of income for the nine
    months ended September 30, 1997 (unaudited) and is qualified in its
    entirety by reference to such financial statements.
    </LEGEND>
    <MULTIPLIER>      1
                      
                                     
    <PERIOD-TYPE>               9-MOS
    <FISCAL-YEAR-END>                       Dec-31-1996
    <PERIOD-START>                          Jan-01-1997
    <PERIOD-END>                            Sep-30-1997
    <CASH>                                      124,219
    <SECURITIES>                                    -0-
    <RECEIVABLES>                                   -0-
    <ALLOWANCES>                                    -0-
    <INVENTORY>                                     -0-
    <CURRENT-ASSETS>                            124,219
    <PP&E>                                          -0-
    <DEPRECIATION>                                  -0-
    <TOTAL-ASSETS>                              206,125
    <CURRENT-LIABILITIES>                           -0-
    <BONDS>                                         -0-
    <PREFERRED-MANDATORY>                           -0-
    <PREFERRED>                                     -0-
    <COMMON>                                    314,080
    <OTHER-SE>                                 <107,955>
    <TOTAL-LIABILITY-AND-EQUITY>                206,125
    <SALES>                                         -0-
    <TOTAL-REVENUES>                             21,048
    <CGS>                                           -0-
    <TOTAL-COSTS>                                   -0-
    <OTHER-EXPENSES>                             71,761
    <LOSS-PROVISION>                                -0-
    <INTEREST-EXPENSE>                              -0-
    <INCOME-PRETAX>                                 -0-
    <INCOME-TAX>                                    -0-
    <INCOME-CONTINUING>                             -0-
    <DISCONTINUED>                              <50,713>
    <EXTRAORDINARY>                                 -0-
    <CHANGES>                                       -0-
    <NET-INCOME>                                <50,713>
    <EPS-PRIMARY>                                  0.00
    <EPS-DILUTED>                                  0.00