<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM (A) CONDENSED BALANCE SHEET AND CONDENSED STATEMENTS OF OPERATIONS FOR THE THREE MONTHS ENDED MARCH 31, 1996 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH (B) CONDENSED FINANCIAL STATEMENTS INCLUDED IN FORM 10-QSB FOR THE QUARTER ENDED MARCH 31, 1996. </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> MAR-31-1996 <CASH> 1,046,968 <SECURITIES> 0 <RECEIVABLES> 166,697 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,303,951 <PP&E> 13,469 <DEPRECIATION> (3,897) <TOTAL-ASSETS> 2,908,122 <CURRENT-LIABILITIES> 182,933 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 3,765 <OTHER-SE> 2,721,424 <TOTAL-LIABILITY-AND-EQUITY> 2,908,122 <SALES> 0 <TOTAL-REVENUES> 0 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 259,553 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (252,956) <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (252,956) <EPS-PRIMARY> (2.77) <EPS-DILUTED> (2.77)