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

  


THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED 
FROM THE COMPANYS FORM 10-Q AND IS QUALIFIED IN ITS ENTIRETY BY 
REFERENCE TO SUCH FINANCIAL STATEMENTS.
<ARTICLE> 5
<MULTIPLIER> 1,000
       
                                   
<PERIOD-TYPE>			6-MOS 
<FISCAL-YEAR-END>			JUN-30-1998
<PERIOD-START>			JUL-01-1998
<PERIOD-END>			DEC-31-1998
<CASH>				0
<SECURITIES>			0
<RECEIVABLES>			2,500
<ALLOWANCES>			0
<INVENTORY>				0
<CURRENT-ASSETS>			2,500
<PP&E>				0
<DEPRECIATION>			0
<TOTAL-ASSETS>			2,500
<CURRENT-LIABILITIES>		0
<BONDS>				0
<PREFERRED-MANDATORY>		0
<PREFERRED>				2,090
<COMMON>				462
<OTHER-SE>				2,500
<TOTAL-LIABILITY-AND-EQUITY>	2,500
<SALES>				0
<TOTAL-REVENUES>			2
<CGS>					0
<TOTAL-COSTS>			38
<OTHER-EXPENSES>			0
<LOSS-PROVISION>			0
<INTEREST-EXPENSE>		0
<INCOME-PRETAX>			2,239
<INCOME-TAX>			0
<INCOME-CONTINUING>		2,239
<DISCONTINUED>			0
<EXTRAORDINARY>			2,275
<CHANGES>				0
<NET-INCOME>			2,239
<EPS-PRIMARY>			.01
<EPS-DILUTED>			.01