<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