<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-QSB for the year to date, and is qualified in its entirety
by reference to such financial statements.
</LEGEND>
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          SEP-30-1998
<PERIOD-END>                               DEC-31-1998
<CASH>                                       1,923,211
<SECURITIES>                                   346,394
<RECEIVABLES>                                2,722,642
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                             5,009,768
<PP&E>                                         632,940
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                               6,259,099
<CURRENT-LIABILITIES>                          450,508
<BONDS>                                              0
<COMMON>                                            88
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                   5,553,374
<TOTAL-LIABILITY-AND-EQUITY>                 6,259,099
<SALES>                                        103,006
<TOTAL-REVENUES>                               103,006
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                             1,154,769
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              13,252
<INCOME-PRETAX>                             (1,024,822)
<INCOME-TAX>                                       800
<INCOME-CONTINUING>                         (1,025,622)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                (1,025,622)
<EPS-PRIMARY>                                     (.12)
<EPS-DILUTED>                                     (.12)