WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

  


         



<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE 
COMPANY S FORM 10-Q AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO 
FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000

					
PERIOD-TYPE>		9-MOS 
<FISCAL-YEAR-END>			JUN-30-1998
<PERIOD-START>			JUL-01-1998
<PERIOD-END>			MAR-31-1999
<CASH>						0
<SECURITIES>					0
<RECEIVABLES>				2,500
<ALLOWANCES>					0
<INVENTORY>						0
<CURRENT-ASSETS>				3,784
<PP&E>						0
<DEPRECIATION>					0
<TOTAL-ASSETS>				3,784
<CURRENT-LIABILITIES>				0
<BONDS>						0
<PREFERRED-MANDATORY>				0
<PREFERRED>					2,090
<COMMON>					1,572
<OTHER-SE>					3,784
<TOTAL-LIABILITY-AND-EQUITY>		3,784
<SALES>						0
<TOTAL-REVENUES>					2
<CGS>							0
<TOTAL-COSTS>					0
<OTHER-EXPENSES>					56
<LOSS-PROVISION>					0
<INTEREST-EXPENSE>				0
<INCOME-PRETAX>				2,221
<INCOME-TAX>					0
<INCOME-CONTINUING>			2,221
<DISCONTINUED>					0
<EXTRAORDINARY>					2,275
<CHANGES>						0
<NET-INCOME>					2,221
<EPS-PRIMARY>					(.01)
<EPS-DILUTED>					(.01)