<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-2000 <PERIOD-START> JAN-01-2000 <PERIOD-END> MAR-31-2000 <CASH> 415,271 <SECURITIES> 399,000 <RECEIVABLES> 14,364 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 828,635 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 828,635 <CURRENT-LIABILITIES> 1,498,859 <BONDS> 9,393,572 <COMMON> 77,570 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> (10,141,366) <TOTAL-LIABILITY-AND-EQUITY> 828,635 <SALES> 0 <TOTAL-REVENUES> 18,337 <CGS> 0 <TOTAL-COSTS> 123,047 <OTHER-EXPENSES> 70,927 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 233,700 <INCOME-PRETAX> (409,337) <INCOME-TAX> 0 <INCOME-CONTINUING> (409,337) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (409,337) <EPS-BASIC> (0.050) <EPS-DILUTED> (0.050)