<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)