<ARTICLE> 5 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> MAR-31-1998 <PERIOD-START> APR-01-1997 <PERIOD-END> MAR-31-1998 <CASH> 1,129,064 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,129,243 <PP&E> 1,426 <DEPRECIATION> 1,067 <TOTAL-ASSETS> 1,129,602 <CURRENT-LIABILITIES> 259,676 <BONDS> 0 <PREFERRED-MANDATORY> 893,908 <PREFERRED> 0 <COMMON> 635,522 <OTHER-SE> (659,504) <TOTAL-LIABILITY-AND-EQUITY> (1,129,602) <SALES> 0 <TOTAL-REVENUES> 0 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 221,602 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> (17,804) <INCOME-PRETAX> (203,798) <INCOME-TAX> 0 <INCOME-CONTINUING> (263,865) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (263,865) <EPS-PRIMARY> (0.05) <EPS-DILUTED> (0.05)