<ARTICLE> 5 <MULTIPLIER> 1 <CURRENCY> U.S. <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> SEP-30-1997 <EXCHANGE-RATE> 1 <CASH> 1,003,237 <SECURITIES> 0 <RECEIVABLES> 1,583,847 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 2,587,084 <CURRENT-LIABILITIES> 27,626 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 2,559,458 <TOTAL-LIABILITY-AND-EQUITY> 2,587,084 <SALES> 0 <TOTAL-REVENUES> 199,077 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 110,899 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 88,171 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 88,171 <EPS-PRIMARY> .05 <EPS-DILUTED> .00