<ARTICLE> 5
       
                                        
<PERIOD-TYPE>                              3-MOS
<FISCAL-YEAR-END>                          MAR-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               MAR-31-1998
<CASH>                                      49,848,761
<SECURITIES>                                         0
<RECEIVABLES>                                  874,075
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                            50,722,836
<PP&E>                                      21,281,994
<DEPRECIATION>                                (168,650)
<TOTAL-ASSETS>                              73,818,489
<CURRENT-LIABILITIES>                       (2,206,270)
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                      (193,481)
<OTHER-SE>                                 (68,324,950)
<TOTAL-LIABILITY-AND-EQUITY>               (73,818,489)
<SALES>                                              0
<TOTAL-REVENUES>                               732,382
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                            (1,442,548)
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                                      0
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                  (710,166)<F1>
<EPS-PRIMARY>                                    (0.03)<F2>
<EPS-DILUTED>                                    (0.03)<F3>
<FN>
<F1>Loss.
<F2>Loss.
<F3>Loss.
</FN>