<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-END> MAR-31-1995 <CASH> 44,011 <SECURITIES> 2,421,547 <RECEIVABLES> 587,612 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 3,053,170 <PP&E> 1,335,351 <DEPRECIATION> 152,347 <TOTAL-ASSETS> 5,220,762 <CURRENT-LIABILITIES> 263,768 <BONDS> 0 <COMMON> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 4,956,994 <TOTAL-LIABILITY-AND-EQUITY> 5,220,762 <SALES> 0 <TOTAL-REVENUES> 95,056 <CGS> 0 <TOTAL-COSTS> 292,232 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (197,176) <INCOME-TAX> 0 <INCOME-CONTINUING> (197,176) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (197,176) <EPS-PRIMARY> (14.86) <EPS-DILUTED> (14.86)