<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> MAR-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> MAR-31-1999 <CASH> 205,000 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 246,000 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 425,000 <CURRENT-LIABILITIES> 839,000 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 241,000 <OTHER-SE> (170,000) <TOTAL-LIABILITY-AND-EQUITY> 425,000 <SALES> 0 <TOTAL-REVENUES> 0 <CGS> 0 <TOTAL-COSTS> 273,000 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 2,000 <INCOME-PRETAX> 722,000 <INCOME-TAX> 0 <INCOME-CONTINUING> (275,000) <DISCONTINUED> 997,000 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 722,000 <EPS-PRIMARY> 0.03 <EPS-DILUTED> 0.03