<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM STATEMENT OF OPERATIONS AND BALANCE SHEET AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FORM 10-QSB FOR QUARTER ENDED 9/30/96. </LEGEND> <MULTIPLIER> 1 <CURRENCY> U.S. DOLLARS <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> SEP-30-1996 <EXCHANGE-RATE> 1 <CASH> 50,539 <SECURITIES> 354,865 <RECEIVABLES> 269,729 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,675,133 <PP&E> 120,457 <DEPRECIATION> 17,317 <TOTAL-ASSETS> 2,992,762 <CURRENT-LIABILITIES> 719,035 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 2,940,173 <COMMON> 3,744,493 <OTHER-SE> (4,762,036) <TOTAL-LIABILITY-AND-EQUITY> 2,992,762 <SALES> 0 <TOTAL-REVENUES> 0 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 70,704 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 608 <INCOME-PRETAX> 563,979 <INCOME-TAX> 0 <INCOME-CONTINUING> 563,979 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 563,979 <EPS-PRIMARY> 0.028 <EPS-DILUTED> 0.028