<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from the
balance sheets and statements of operations found on pages 3-5 of the
Company's Form 10-Q for the year to date, and is qualified in its entirety by
reference to such financial statements.
</LEGEND>
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               SEP-30-1997
<CASH>                                         834,177 
<SECURITIES>                                         0
<RECEIVABLES>                                    3,003
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                               837,180
<PP&E>                                               0
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                                 837,180
<CURRENT-LIABILITIES>                           18,738
<BONDS>                                              0
<COMMON>                                     2,188,353
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                  (1,369,911)
<TOTAL-LIABILITY-AND-EQUITY>                   837,180
<SALES>                                              0
<TOTAL-REVENUES>                               646,813
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                                646,813
<INCOME-TAX>                                   300,000
<INCOME-CONTINUING>                                  0 
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   346,813 
<EPS-PRIMARY>                                     4.70
<EPS-DILUTED>                                     4.70