<ARTICLE> 5 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> DEC-31-1998 <CASH> 90,672 <SECURITIES> 0 <RECEIVABLES> 106,397 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 3,275 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 265,317 <CURRENT-LIABILITIES> 129,944 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 135,373 <TOTAL-LIABILITY-AND-EQUITY> 265,317 <SALES> 0 <TOTAL-REVENUES> 195,717 <CGS> 0 <TOTAL-COSTS> 323,488 <OTHER-EXPENSES> 740 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 9,535 <INCOME-PRETAX> (117,496) <INCOME-TAX> 0 <INCOME-CONTINUING> (117,496) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (117,496) <EPS-PRIMARY> (9.13) <EPS-DILUTED> (9.13)