<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-2000 <PERIOD-START> JAN-01-2000 <PERIOD-END> JUN-30-2000 <CASH> 390,936 <SECURITIES> 389,692 <RECEIVABLES> 12,924 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 793,552 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 793,552 <CURRENT-LIABILITIES> 1,782,559 <BONDS> 9,393,572 <PREFERRED-MANDATORY> 77,570 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> (10,460,149) <TOTAL-LIABILITY-AND-EQUITY> 793,552 <SALES> 0 <TOTAL-REVENUES> 32,446 <CGS> 0 <TOTAL-COSTS> 205,191 <OTHER-EXPENSES> 91,777 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 467,400 <INCOME-PRETAX> (731,922) <INCOME-TAX> 0 <INCOME-CONTINUING> (731,922) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (731,922) <EPS-BASIC> 0.090 <EPS-DILUTED> 0.090