<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> MAR-31-1998 <PERIOD-END> SEP-03-1997 <CASH> 45,186 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 102,293 <PP&E> 14,237,183 <DEPRECIATION> 18,612 <TOTAL-ASSETS> 14,321,494 <CURRENT-LIABILITIES> 2,830,469 <BONDS> 0 <PREFERRED-MANDATORY> 2,250 <PREFERRED> 1,000,000 <COMMON> 13,482 <OTHER-SE> 5,472,425 <TOTAL-LIABILITY-AND-EQUITY> 14,321,494 <SALES> 0 <TOTAL-REVENUES> 0 <CGS> 0 <TOTAL-COSTS> 275,119 <OTHER-EXPENSES> 23,072 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 33,600 <INCOME-PRETAX> (331,791) <INCOME-TAX> 0 <INCOME-CONTINUING> (331,791) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (331,791) <EPS-PRIMARY> (.03) <EPS-DILUTED> (.03)