<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> MAR-31-1999 <PERIOD-END> JUN-30-1999 <CASH> 1,701,336 <SECURITIES> 618,290 <RECEIVABLES> 7,476 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 2,527,093 <PP&E> 267,787 <DEPRECIATION> (215,354) <TOTAL-ASSETS> 2,606,163 <CURRENT-LIABILITIES> 18,205 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 6,632,998 <OTHER-SE> (4,045,040) <TOTAL-LIABILITY-AND-EQUITY> 2,606,163 <SALES> 0 <TOTAL-REVENUES> 43,272 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 54,574 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (11,302) <INCOME-TAX> 0 <INCOME-CONTINUING> (11,302) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (11,302) <EPS-BASIC> (.004) <EPS-DILUTED> (.004)