<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-START> JAN-01-1995 <PERIOD-END> MAR-31-1995 <CASH> 4,153,867 <SECURITIES> 0 <RECEIVABLES> 20,271 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 4,174,138 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 4,174,138 <CURRENT-LIABILITIES> 329,499 <BONDS> 0 <COMMON> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 3,844,639 <TOTAL-LIABILITY-AND-EQUITY> 4,174,138 <SALES> 0 <TOTAL-REVENUES> (288,687) <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> (35,148) <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (323,835) <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (323,835) <EPS-PRIMARY> 931.07 <EPS-DILUTED> 0