
<TABLE> <S> <C>

<ARTICLE>                                      5
<MULTIPLIER>                                   1
<CURRENCY>                     U.S. DOLLARS
       
<S>                            <C>
<PERIOD-TYPE>                  3-MOS
<FISCAL-YEAR-END>                    DEC-31-1999
<PERIOD-START>                       JAN-01-1999
<PERIOD-END>                         MAR-31-1999
<EXCHANGE-RATE>                          1.00000
<CASH>                                   117,426
<SECURITIES>                           1,309,230
<RECEIVABLES>                                  0
<ALLOWANCES>                                   0
<INVENTORY>                                    0
<CURRENT-ASSETS>                       1,426,656
<PP&E>                                   509,284
<DEPRECIATION>                          (277,663)
<TOTAL-ASSETS>                           948,598
<CURRENT-LIABILITIES>                    585,301
<BONDS>                                9,403,500
<COMMON>                                  77,570
<PREFERRED-MANDATORY>                          0
<PREFERRED>                                    0
<OTHER-SE>                            (9,117,773)
<TOTAL-LIABILITY-AND-EQUITY>             948,598
<SALES>                                        0
<TOTAL-REVENUES>                          35,502
<CGS>                                          0
<TOTAL-COSTS>                            268,632
<OTHER-EXPENSES>                               0
<LOSS-PROVISION>                               0
<INTEREST-EXPENSE>                       246,488
<INCOME-PRETAX>                         (479,618)
<INCOME-TAX>                                   0
<INCOME-CONTINUING>                     (479,618)
<DISCONTINUED>                                 0
<EXTRAORDINARY>                                0
<CHANGES>                                      0
<NET-INCOME>                            (479,618)
<EPS-PRIMARY>                             (0.060)
<EPS-DILUTED>                             (0.060)
        


</TABLE>
