<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE COMPANY'S FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> JUL-31-2000 <PERIOD-START> AUG-01-1999 <PERIOD-END> JAN-31-2000 <CASH> 208,167 <SECURITIES> 810,000 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 208,167 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 1,408,167 <CURRENT-LIABILITIES> 218,740 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 73,727 <OTHER-SE> 9,525,467 <TOTAL-LIABILITY-AND-EQUITY> 1,408,167 <SALES> 0 <TOTAL-REVENUES> 0 <CGS> 0 <TOTAL-COSTS> 455,932 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (419,532) <INCOME-TAX> 8,600 <INCOME-CONTINUING> (455,932) <DISCONTINUED> 0 <EXTRAORDINARY> 36,400 <CHANGES> 0 <NET-INCOME> (419,932) <EPS-BASIC> (0.44) <EPS-DILUTED> (0.23)