<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from the
Consolidated Statement of Financial Condition at March 31, 1999 (Unaudited)
and the Consolidated Statement of Income for the six months ended March 31,
1999 (Unaudited) and is qualified in its entirety by reference to such
financial statements.
</LEGEND>
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1999
<PERIOD-END>                               MAR-31-1999
<CASH>                                          35,408
<SECURITIES>                                         0
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                35,463
<PP&E>                                         196,650
<DEPRECIATION>                                (32,434)
<TOTAL-ASSETS>                               3,751,093
<CURRENT-LIABILITIES>                           71,115
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                       194,325
<OTHER-SE>                                   3,485,653
<TOTAL-LIABILITY-AND-EQUITY>                 3,751,093
<SALES>                                              0
<TOTAL-REVENUES>                                     0
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                               141,853
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                              (381,907)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                          (381,907)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 (381,907)
<EPS-PRIMARY>                                   (0.02)
<EPS-DILUTED>                                   (0.02)