<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> APR-01-1999 <PERIOD-END> JUN-30-1999 <CASH> 2,819,000 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 2,881,000 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 2,931,000 <CURRENT-LIABILITIES> 105,000 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 21,000 <OTHER-SE> 2,805,000 <TOTAL-LIABILITY-AND-EQUITY> 2,931,000 <SALES> 0 <TOTAL-REVENUES> 0 <CGS> 0 <TOTAL-COSTS> 258,000 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (227,000) <INCOME-TAX> 0 <INCOME-CONTINUING> (227,000) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (227,000) <EPS-BASIC> (.14) <EPS-DILUTED> (.14)