<ARTICLE> 5 <MULTIPLIER> 1 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> DEC-31-1999 <CASH> 7,576,157 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 7,657,953 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 7,657,953 <CURRENT-LIABILITIES> 617,677 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 142,374,810 <OTHER-SE> (141,267,119) <TOTAL-LIABILITY-AND-EQUITY> 7,657,953 <SALES> 0 <TOTAL-REVENUES> 0 <CGS> 0 <TOTAL-COSTS> (1,317,182) <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 458,000 <INCOME-PRETAX> 8,146,916 <INCOME-TAX> 0 <INCOME-CONTINUING> 8,146,916 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 8,146,916 <EPS-BASIC> .23 <EPS-DILUTED> .22