<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from the Statement of Financial Condition at June 30, 1997 (Unaudited) and the Statement of Income for the six months ended June 30, 1997 (Unaudited) and is qualified in its entirety by reference to such financial statements. </LEGEND> <PERIOD-TYPE> 6-MOS YEAR <FISCAL-YEAR-END> DEC-31-1997 DEC-31-1996 <PERIOD-END> JUN-30-1997 DEC-31-1996 <CASH> 230,025 454,406 <SECURITIES> 0 400,000 <RECEIVABLES> 66,690 83,610 <ALLOWANCES> 0 0 <INVENTORY> 0 0 <CURRENT-ASSETS> 309,404 942,794 <PP&E> 1,149,474 714,338 <DEPRECIATION> 129,888 60,189 <TOTAL-ASSETS> 1,415,618 1,688,199 <CURRENT-LIABILITIES> 1,088,408 630,336 <BONDS> 0 0 <PREFERRED-MANDATORY> 0 0 <PREFERRED> 0 0 <COMMON> 455 455 <OTHER-SE> 0 0 <TOTAL-LIABILITY-AND-EQUITY> 1,415,618 1,688,199 <SALES> 0 0 <TOTAL-REVENUES> 11,014 21,398 <CGS> 0 0 <TOTAL-COSTS> 0 0 <OTHER-EXPENSES> 743,107 1,045,314 <LOSS-PROVISION> 0 0 <INTEREST-EXPENSE> 51,348 55,627 <INCOME-PRETAX> 0 0 <INCOME-TAX> 0 0 <INCOME-CONTINUING> 0 0 <DISCONTINUED> 0 0 <EXTRAORDINARY> 0 0 <CHANGES> 0 0 <NET-INCOME> 0 0 <EPS-PRIMARY> (0.02) (0.02) <EPS-DILUTED> (0.02) (0.02)