<ARTICLE> 5 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> SEP-30-1997 <PERIOD-START> OCT-01-1996 <PERIOD-END> SEP-30-1997 <CASH> 6,117,000 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 7,785,000 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 7,785,000 <CURRENT-LIABILITIES> 230,000 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 50,000 <OTHER-SE> 7,505,000 <TOTAL-LIABILITY-AND-EQUITY> 7,785,000 <SALES> 0 <TOTAL-REVENUES> 1,007,000 <CGS> 0 <TOTAL-COSTS> 954,000 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 53,000 <INCOME-TAX> 0 <INCOME-CONTINUING> 53,000 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 53,000 <EPS-PRIMARY> $.01 <EPS-DILUTED> $.01