<ARTICLE> 5 <FISCAL-YEAR-END> DEC-31-2000 <PERIOD-START> JAN-1-2000 <PERIOD-END> JUN-30-2000 <PERIOD-TYPE> 6-MOS <CASH> 27,415 <SECURITIES> 373,299 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 405,461 <PP&E> 836,293 <DEPRECIATION> 1,732 <TOTAL-ASSETS> 1,364,571 <CURRENT-LIABILITIES> 49,125 <BONDS> 453,844 <COMMON> 42 <PREFERRED-MANDATORY> 423,181 <PREFERRED> 0 <OTHER-SE> 378,218 <TOTAL-LIABILITY-AND-EQUITY> 1,364,571 <SALES> 0 <TOTAL-REVENUES> 0 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 55,644 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 18,385 <INCOME-PRETAX> (59,603) <INCOME-TAX> 0 <INCOME-CONTINUING> (59,603) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (59,603) <EPS-BASIC> (1.65) <EPS-DILUTED> (1.65)