<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> MAR-31-1997 <CASH> 1,311,000 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,311,000 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 1,311,000 <CURRENT-LIABILITIES> 330,000 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 12,737,000 <OTHER-SE> (11,756,000) <TOTAL-LIABILITY-AND-EQUITY> 1,311,000 <SALES> 0 <TOTAL-REVENUES> 2,000 <CGS> 0 <TOTAL-COSTS> 160,000 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (158,000) <INCOME-TAX> 0 <INCOME-CONTINUING> (158,000) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (158,000) <EPS-PRIMARY> (.06) <EPS-DILUTED> (.06)