<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> MAR-31-1997 <CASH> 932,020 <SECURITIES> 0 <RECEIVABLES> 1,513,300 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 2,445,320 <PP&E> 259,820 <DEPRECIATION> 56,943 <TOTAL-ASSETS> 4,344,346 <CURRENT-LIABILITIES> 804,671 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 985 <OTHER-SE> 2,513,333 <TOTAL-LIABILITY-AND-EQUITY> 4,344,346 <SALES> 6,985 <TOTAL-REVENUES> 158,215 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 485,492 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 21,676 <INCOME-PRETAX> (348,943) <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (348,943) <EPS-PRIMARY> (.02) <EPS-DILUTED> (.02)