<ARTICLE> 5 <LEGEND> </LEGEND> <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> MAR-31-2001 <PERIOD-START> APR-01-2000 <PERIOD-END> SEP-30-2000 <CASH> 1,518,196 <SECURITIES> 438,813 <RECEIVABLES> 510,467 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 3,291,753 <PP&E> 4,706,370 <DEPRECIATION> (923,949) <TOTAL-ASSETS> 109,742,179 <CURRENT-LIABILITIES> 3,708,349 <BONDS> 0 <COMMON> 30,976 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 70,088,562 <TOTAL-LIABILITY-AND-EQUITY> 109,742,179 <SALES> 689,473 <TOTAL-REVENUES> 689,473 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 13,427,998 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 14,458,919 <INCOME-TAX> (1,299,932) <INCOME-CONTINUING> (13,158,987) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 13,158,987 <EPS-BASIC> (0.50) <EPS-DILUTED> (0.50)