<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from the balance sheet and statement of operations and is qualified in its entirety by reference to such financial statements. </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> MAR-31-1997 <CASH> 1,188,816 <SECURITIES> 1,000,000 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 2,248,574 <PP&E> 96,603 <DEPRECIATION> 8,096 <TOTAL-ASSETS> 2,345,177 <CURRENT-LIABILITIES> 364,557 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 10,699,996 <OTHER-SE> (9,719,376) <TOTAL-LIABILITY-AND-EQUITY> 2,345,177 <SALES> 0 <TOTAL-REVENUES> 0 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 654,724 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 3,141 <INCOME-PRETAX> (639,358) <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (639,358) <EPS-PRIMARY> (0.26) <EPS-DILUTED> 0