<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> SEP-30-1998 <CASH> 282,000 <SECURITIES> 2,665,000 <RECEIVABLES> 73,000 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 828,000 <DEPRECIATION> 0 <TOTAL-ASSETS> 3,923,000 <CURRENT-LIABILITIES> 0 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 6,000 <OTHER-SE> 3,888,000 <TOTAL-LIABILITY-AND-EQUITY> 3,923,000 <SALES> 0 <TOTAL-REVENUES> 256,000 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 278,000 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (22,000) <INCOME-TAX> 0 <INCOME-CONTINUING> (22,000) <DISCONTINUED> (25,000) <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (47,000) <EPS-PRIMARY> 0 <EPS-DILUTED> 0