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 March 31, 1998
    (unaudited) and the consolidated statement of income for the three
    months ended March 31, 1998 (unaudited) and is qualified in its
    entirety by reference to such financial statements.
    </LEGEND>
    <MULTIPLIER>      1
                      
                                     
    <PERIOD-TYPE>               3-MOS
    <FISCAL-YEAR-END>                       Dec-31-1997
    <PERIOD-START>                          Jan-01-1998
    <PERIOD-END>                            Mar-31-1998
    <CASH>                                      125,334
    <SECURITIES>                                    -0-
    <RECEIVABLES>                                   -0-
    <ALLOWANCES>                                    -0-
    <INVENTORY>                                     -0-
    <CURRENT-ASSETS>                            125,334
    <PP&E>                                          -0-
    <DEPRECIATION>                                  -0-
    <TOTAL-ASSETS>                              228,700
    <CURRENT-LIABILITIES>                           -0-
    <BONDS>                                         -0-
    <PREFERRED-MANDATORY>                           -0-
    <PREFERRED>                                     -0-
    <COMMON>                                    314,080
    <OTHER-SE>                                  <85,380>
    <TOTAL-LIABILITY-AND-EQUITY>                228,700
    <SALES>                                         -0-
    <TOTAL-REVENUES>                                -0-
    <CGS>                                           -0-
    <TOTAL-COSTS>                                   -0-
    <OTHER-EXPENSES>                             17,762
    <LOSS-PROVISION>                                -0-
    <INTEREST-EXPENSE>                              -0-
    <INCOME-PRETAX>                                 -0-
    <INCOME-TAX>                                    -0-
    <INCOME-CONTINUING>                             -0-
    <DISCONTINUED>                              <17,762>
    <EXTRAORDINARY>                                 -0-
    <CHANGES>                                       -0-
    <NET-INCOME>                                <17,762>
    <EPS-PRIMARY>                                  0.00
    <EPS-DILUTED>                                  0.00