<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-END> JUN-30-1999 <CASH> 2,008,000 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 2,028,000 <PP&E> 11,000 <DEPRECIATION> 2,000 <TOTAL-ASSETS> 2,044,000 <CURRENT-LIABILITIES> 121,000 <BONDS> 219,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 12,000 <OTHER-SE> 1,692,000 <TOTAL-LIABILITY-AND-EQUITY> 2,044,000 <SALES> 0 <TOTAL-REVENUES> 250,000 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 278,000<F1> <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 9,000 <INCOME-PRETAX> (883,000) <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 883,000 <EPS-BASIC> (0.07) <EPS-DILUTED> (0.07) <FN> <F1>Research and Development </FN>