<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FORM 10-QSB FOR THE QUARTER ENDED JUNE 30, 1998, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> MAR-31-1999 <PERIOD-END> JUN-30-1998 <CASH> 38,000 <SECURITIES> 0 <RECEIVABLES> 21,296 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 60,278 <PP&E> 39,000,000 <DEPRECIATION> (38,857,500) <TOTAL-ASSETS> 205,178 <CURRENT-LIABILITIES> 1,772,536 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 619,759 <OTHER-SE> 155,696 <TOTAL-LIABILITY-AND-EQUITY> 205,178 <SALES> 0 <TOTAL-REVENUES> 111,156 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 229,086 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 23,544 <INCOME-PRETAX> (141,474) <INCOME-TAX> (19,000) <INCOME-CONTINUING> (122,474) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (122,474) <EPS-PRIMARY> (.01) <EPS-DILUTED> (.01)