<ARTICLE> 5 <MULTIPLIER> 1 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> DEC-31-1997 <CASH> 1,257,483 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,664,041 <PP&E> 14,772 <DEPRECIATION> 7,107 <TOTAL-ASSETS> 4,521,656 <CURRENT-LIABILITIES> 281,502 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 215,200 <OTHER-SE> (2,847,006) <TOTAL-LIABILITY-AND-EQUITY> 4,521,656 <SALES> 0 <TOTAL-REVENUES> 0 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 1,991,594 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (1,498,724) <INCOME-TAX> 0 <INCOME-CONTINUING> (11,985,361) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (13,484,085) <EPS-PRIMARY> (.63) <EPS-DILUTED> (.63)