<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE STATEMENT OF OPERATION FOR THE YEAR ENDED AUGUST 31, 1997 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENT. </LEGEND> <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> AUG-31-1997 <PERIOD-START> SEP-01-1996 <PERIOD-END> AUG-31-1997 <CASH> 0 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 0 <CURRENT-LIABILITIES> 0 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 0 <SALES> 33,000 <TOTAL-REVENUES> 1,420,223 <CGS> 0 <TOTAL-COSTS> 518,456 <OTHER-EXPENSES> 1,481,043 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 156,364 <INCOME-PRETAX> (733,408) <INCOME-TAX> 0 <INCOME-CONTINUING> (579,276) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (733,408) <EPS-BASIC> (0.14) <EPS-DILUTED> 0