<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> MAR-31-1997 <CASH> 100,669 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 100,669 <PP&E> 12,792,002 <DEPRECIATION> 0 <TOTAL-ASSETS> 13,629,372 <CURRENT-LIABILITIES> 3,005,837 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 922 <OTHER-SE> 5,927,891 <TOTAL-LIABILITY-AND-EQUITY> 13,629,372 <SALES> 0 <TOTAL-REVENUES> 0 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 244,327 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 68,054 <INCOME-PRETAX> (244,327) <INCOME-TAX> 0 <INCOME-CONTINUING> (244,327) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (244,327) <EPS-PRIMARY> (.03) <EPS-DILUTED> 0