<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE UNAUDITED BALANCE SHEET AND STATEMENT OF INCOME FOR THE PERIOD ENDED JUNE 30, 1999 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> MAR-31-1999 <PERIOD-END> JUN-30-1999 <CASH> 2,100,047 <SECURITIES> 0 <RECEIVABLES> 7,563<F1> <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 2,129,062 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 2,129,062<F2> <CURRENT-LIABILITIES> 88,552 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 2,040,510<F3> <TOTAL-LIABILITY-AND-EQUITY> 2,129,062 <SALES> 0 <TOTAL-REVENUES> 22,217<F4> <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 56,646<F5> <LOSS-PROVISION> (34,429) <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (34,429) <INCOME-TAX> 0 <INCOME-CONTINUING> (34,429) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (34,429) <EPS-BASIC> .003 <EPS-DILUTED> .003 <FN> <F1>INCLUDES INTEREST ONLY. <F2>INCLUDES $21,452 OF PREPAID INSURANCE. <F3>INCLUDES RETAINED EARNINGS ONLY. <F4>INCLUDES INTEREST INCOME ONLY. <F5>INCLUDES LEGAL, ACCOUNTING, MANAGER, TRANSFER AGENT AND SETTLEMENT ADMINISTRATION AND OTHER FEES. </FN>