<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FINANCIAL STATEMENTS AS OF DECEMBER 31, 1996 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
                                            
<PERIOD-TYPE>                                6-MOS
<FISCAL-YEAR-END>                          JUN-30-1997
<PERIOD-END>                               DEC-31-1996
<CASH>                                          463642
<SECURITIES>                                         0
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                463642
<PP&E>                                        12460841
<DEPRECIATION>                                   17271
<TOTAL-ASSETS>                                13220152
<CURRENT-LIABILITIES>                          2217328
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                       2250
<COMMON>                                         10836
<OTHER-SE>                                     5982775
<TOTAL-LIABILITY-AND-EQUITY>                  13220152
<SALES>                                              0
<TOTAL-REVENUES>                                 22111
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                                340570
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                 628
<INCOME-PRETAX>                               (319087)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                           (319087)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                  (319087)
<EPS-PRIMARY>                                    (.04)
<EPS-DILUTED>                                    (.04)