<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from the
unaudited Balance Sheet as of September 30, 1996 and the unaudited Statement of
Operations for the nine months ended September 30, 1996 and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               SEP-30-1996
<CASH>                                          855999
<SECURITIES>                                         0
<RECEIVABLES>                                    87321
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                943320
<PP&E>                                          705118<F1>
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                                 1760948
<CURRENT-LIABILITIES>                           465117
<BONDS>                                        2062730
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                        449
<COMMON>                                          5201
<OTHER-SE>                                    (772549)
<TOTAL-LIABILITY-AND-EQUITY>                   1760948
<SALES>                                          46455
<TOTAL-REVENUES>                                 46455
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                               1509683
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              112797
<INCOME-PRETAX>                              (2326049)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                          (2326049)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 (2326049)
<EPS-PRIMARY>                                    (.45)
<EPS-DILUTED>                                    (.45)
<FN>
<F1>Net of accumulated depreciation.
</FN>