<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> MAR-01-1996 <PERIOD-START> APR-01-1996 <PERIOD-END> JUN-30-1996 <CASH> 3,319,620 <SECURITIES> 0 <RECEIVABLES> 25,259 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 3,449,574 <PP&E> 173,276 <DEPRECIATION> 7,320 <TOTAL-ASSETS> 3,622,850 <CURRENT-LIABILITIES> 34,111 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 42,441 <OTHER-SE> 3,546,298 <TOTAL-LIABILITY-AND-EQUITY> 3,622,850 <SALES> 0 <TOTAL-REVENUES> 78,447 <CGS> 0 <TOTAL-COSTS> 286,184 <OTHER-EXPENSES> 316,776 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (524,513) <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (524,513) <EPS-PRIMARY> (0.17) <EPS-DILUTED> (0.17)