<ARTICLE> 5 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> DEC-31-1998 <CASH> 1,291,000 <SECURITIES> 2,550,000 <RECEIVABLES> 14,000 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 3,877,000 <CURRENT-LIABILITIES> 0 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 6,000 <OTHER-SE> 2,963,000 <TOTAL-LIABILITY-AND-EQUITY> 3,877,000 <SALES> 0 <TOTAL-REVENUES> 326,000 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 339,000 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (13,000) <INCOME-TAX> 0 <INCOME-CONTINUING> (13,000) <DISCONTINUED> (55,000) <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (68,000) <EPS-PRIMARY> (.01) <EPS-DILUTED> 0