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-K AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000

                           
PERIOD-TYPE>                  YEAR
<FISCAL-YEAR-END>         	             JUN-30-1999
<PERIOD-START>                          JUL-01-1998
<PERIOD-END>                            JUN-30-1999
<CASH>                                           83
<SECURITIES>                                      0
<RECEIVABLES>                                   	 5
<ALLOWANCES>                	                     0
<INVENTORY>                                	      0
<CURRENT-ASSETS>                 	              395
<PP&E>                                           	0
<DEPRECIATION>                                    0
<TOTAL-ASSETS>                          	     4,015
<CURRENT-LIABILITIES>                            28
<BONDS>                                           0
<PREFERRED-MANDATORY>                      	      0
<PREFERRED>                                   2,390
<COMMON>                                      1,773
<OTHER-SE>                                	   3,985
<TOTAL-LIABILITY-AND-EQUITY>              	   4,015
<SALES>                                        	141
<TOTAL-REVENUES>                               	141
<CGS>                                            23
<TOTAL-COSTS>                                    23
<OTHER-EXPENSES>                                200
<LOSS-PROVISION>                                  0
<INTEREST-EXPENSE>                                0
<INCOME-PRETAX>                                	(82)
<INCOME-TAX>                                      0
<INCOME-CONTINUING>                             (82)
<DISCONTINUED>                                    0
<EXTRAORDINARY>                              	2,250
<CHANGES>                                         0
<NET-INCOME>                                 	2,168
<EPS-BASIC>                                  (.00)
<EPS-DILUTED>    	                             (.00)


23



1


38



F-14


3