<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> MAR-31-1998 <CASH> 204 <SECURITIES> 0 <RECEIVABLES> 130 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 336 <PP&E> 50 <DEPRECIATION> 46 <TOTAL-ASSETS> 5,442 <CURRENT-LIABILITIES> 16,557 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 94 <OTHER-SE> (11,210) <TOTAL-LIABILITY-AND-EQUITY> 5,442 <SALES> 236 <TOTAL-REVENUES> 236 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 220 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 171 <INCOME-PRETAX> (155) <INCOME-TAX> 0 <INCOME-CONTINUING> (155) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (155) <EPS-PRIMARY> (.02) <EPS-DILUTED> (.02)