<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> MAR-31-1999 <PERIOD-END> DEC-31-1998 <CASH> 7009 <SECURITIES> 0 <RECEIVABLES> 30000 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 66163 <PP&E> 3481779 <DEPRECIATION> 8159 <TOTAL-ASSETS> 3586101 <CURRENT-LIABILITIES> 936479 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 200000 <COMMON> 42812 <OTHER-SE> 2406810 <TOTAL-LIABILITY-AND-EQUITY> 3586101 <SALES> 0 <TOTAL-REVENUES> 0 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 2093199 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 344 <INCOME-PRETAX> (2093386) <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (2093386) <EPS-PRIMARY> (0.04) <EPS-DILUTED> (0.04)