<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> MAR-31-1997 <CASH> 4,043,546 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 4,168,651 <PP&E> 851,057 <DEPRECIATION> 63,357 <TOTAL-ASSETS> 4,764,620 <CURRENT-LIABILITIES> 661,512 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 11,457,505 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 4,764,620 <SALES> 200,485 <TOTAL-REVENUES> 200,485 <CGS> 0 <TOTAL-COSTS> 1,279,852 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 14,900 <INCOME-PRETAX> (1,201,442) <INCOME-TAX> 200 <INCOME-CONTINUING> (1,201,642) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (1,201,642) <EPS-PRIMARY> (.26) <EPS-DILUTED> 0