<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> SEP-30-1999 <PERIOD-END> JUN-30-1999 <CASH> 104,825 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,546,668 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 2,652,925 <CURRENT-LIABILITIES> 14,352 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 80,922 <OTHER-SE> 12,544,878 <TOTAL-LIABILITY-AND-EQUITY> 2,652,925 <SALES> 304,250 <TOTAL-REVENUES> 304,250 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 288,629 <INCOME-TAX> 288,629 <INCOME-CONTINUING> 288,629 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 288,629 <EPS-BASIC> .04 <EPS-DILUTED> .04