<ARTICLE> 5 <PERIOD-TYPE> 9-mos <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1998 <PERIOD-END> SEP-30-1998 <CASH> 1,395 <SECURITIES> 0 <RECEIVABLES> 11,097 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 12,492 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 7,200,429 <CURRENT-LIABILITIES> 345,720 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 130,000 <COMMON> 25,408 <OTHER-SE> 6,704,301 <TOTAL-LIABILITY-AND-EQUITY> 7,200,429 <SALES> 0 <TOTAL-REVENUES> 0 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 13,763 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 12,751 <INCOME-PRETAX> (26,514) <INCOME-TAX> 0 <INCOME-CONTINUING> (26,514) <DISCONTINUED> (86,646) <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (113,160) <EPS-BASIC> (.04) <EPS-DILUTED> (.04)