<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> SEP-30-1996 <CASH> 18,410 <SECURITIES> 300,000 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 216,112 <PP&E> 1,083 <DEPRECIATION> 2,334 <TOTAL-ASSETS> 1,479,028 <CURRENT-LIABILITIES> 282,166 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 36,458 <OTHER-SE> 299,131 <TOTAL-LIABILITY-AND-EQUITY> 1,479,028 <SALES> 0 <TOTAL-REVENUES> 0 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 449,030 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 59,543 <INCOME-PRETAX> (495,400) <INCOME-TAX> 0 <INCOME-CONTINUING> (495,400) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (495,400) <EPS-PRIMARY> (0.14) <EPS-DILUTED> (0.14)