<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
COMPANY'S CONSOLIDATED STATEMENTS OF EARNINGS AND CONSOLIDATED BALANCE SHEETS
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               SEP-30-1997
<CASH>                                         109,291
<SECURITIES>                                 1,937,194
<RECEIVABLES>                                    7,037
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                67,572
<PP&E>                                               0
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                               2,821,085
<CURRENT-LIABILITIES>                            2,498
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                     6,254,547
<OTHER-SE>                                 (3,362,880)
<TOTAL-LIABILITY-AND-EQUITY>                 2,821,085
<SALES>                                              0
<TOTAL-REVENUES>                               140,101
<CGS>                                                0
<TOTAL-COSTS>                                  433,017
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                                      0
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                          (292,916)
<DISCONTINUED>                               (155,050)
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 (447,966)
<EPS-PRIMARY>                                    (.15)
<EPS-DILUTED>                                        0