<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FINANCIAL STATEMENTS FOR THE PERIOD ENDED MARCH 31, 1997, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> 3-Mos <FISCAL-YEAR-END> Mar-31-1997 <PERIOD-END> Mar-31-1997 <CASH> 1,165,962 <SECURITIES> 0 <RECEIVABLES> 1,522 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,170,307 <PP&E> 123,160 <DEPRECIATION> 4,470 <TOTAL-ASSETS> 1,293,467 <CURRENT-LIABILITIES> 41,972 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 674,987 <OTHER-SE> 576,508 <TOTAL-LIABILITY-AND-EQUITY> 1,293,467 <SALES> 0 <TOTAL-REVENUES> 63,665 <CGS> 0 <TOTAL-COSTS> 114,844 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (51,179) <INCOME-TAX> 965 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (52,144) <EPS-PRIMARY> (0.13) <EPS-DILUTED> (0.13)