<ARTICLE> 5 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> JUL-31-1999 <PERIOD-START> AUG-01-1999 <PERIOD-END> FEB-29-2000 <CASH> 1,041,095 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,231,684 <PP&E> 0 <DEPRECIATION> 1,032 <TOTAL-ASSETS> 1,453,746 <CURRENT-LIABILITIES> 607,290 <BONDS> 0 <PREFERRED-MANDATORY> 1,007,611 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 1,453,746 <SALES> 0 <TOTAL-REVENUES> 41,087 <CGS> 0 <TOTAL-COSTS> 197,959 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 4,283 <INCOME-PRETAX> (161,155) <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 0 <EPS-BASIC> 0 <EPS-DILUTED> 0