<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE REGISTRANT'S FORM 10-Q FOR THE QUARTER ENDED MARCH 31, 1998 AND IS QUALIFIED IN ITS ENTIRETY TO SUCH FORM 10-Q. </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> MAR-31-1998 <CASH> 538,506 <SECURITIES> 0 <RECEIVABLES> 5,000 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 543,506 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 805,462 <CURRENT-LIABILITIES> 31,567 <BONDS> 0 <PREFERRED-MANDATORY> 3,210,487 <PREFERRED> 0 <COMMON> 6,000 <OTHER-SE> (2,601,659) <TOTAL-LIABILITY-AND-EQUITY> 805,462 <SALES> 0 <TOTAL-REVENUES> 0 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 105,724 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 479 <INCOME-PRETAX> (101,694) <INCOME-TAX> 0 <INCOME-CONTINUING> (101,694) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (101,694) <EPS-PRIMARY> (.02) <EPS-DILUTED> (.02)