<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> MAR-31-1997 <PERIOD-START> APR-01-1996 <PERIOD-END> DEC-31-1996 <CASH> 2,625,428 <SECURITIES> 0 <RECEIVABLES> 229,653 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 2,949,300 <PP&E> 249,339 <DEPRECIATION> 125,913 <TOTAL-ASSETS> 3,214,522 <CURRENT-LIABILITIES> 219,792 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 42,729 <OTHER-SE> 2,949,001 <TOTAL-LIABILITY-AND-EQUITY> 3,214,522 <SALES> 0 <TOTAL-REVENUES> 501,460 <CGS> 0 <TOTAL-COSTS> 1,400,108 <OTHER-EXPENSES> 320,512 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (1,219,162) <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (1,219,162) <EPS-PRIMARY> (0.31) <EPS-DILUTED> (0.31)