<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from the
Consolidated Statement of Financial Condition at June 30, 1999 (Unaudited) and
the Consolidated Statement of Income for the nine months ended June 30, 1999
(Unaudited) and is qualified in its entirety by referencee to such financial
statements.
</LEGEND>

                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          SEP-30-1999
<PERIOD-END>                               JUN-30-1999
<CASH>                                          38,311
<SECURITIES>                                         0
<RECEIVABLES>                                   10,000
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                48,311
<PP&E>                                         196,650
<DEPRECIATION>                                  36,137
<TOTAL-ASSETS>                               2,633,231
<CURRENT-LIABILITIES>                           69,092
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                       202,525
<OTHER-SE>                                   2,361,614
<TOTAL-LIABILITY-AND-EQUITY>                 2,633,231
<SALES>                                              0
<TOTAL-REVENUES>                                     0
<CGS>                                                0
<TOTAL-COSTS>                                  211,532
<OTHER-EXPENSES>                             1,386,613
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                            (1,598,145)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                        (1,598,145)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                               (1,598,145)
<EPS-BASIC>                                     (0.08)
<EPS-DILUTED>                                        0