
<TABLE> <S> <C>

<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
COMPANY'S CONSOLIDATED STATEMENTS OF EARNINGS AND CONSOLIDATED BALANCE SHEETS,
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
<S>                             <C>
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               MAR-31-1997
<CASH>                                         131,721
<SECURITIES>                                 2,001,555
<RECEIVABLES>                                   21,127
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                74,328
<PP&E>                                               0
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                               3,180,067
<CURRENT-LIABILITIES>                          212,473
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                     6,254,547
<OTHER-SE>                                 (3,018,973)
<TOTAL-LIABILITY-AND-EQUITY>                 3,180,067
<SALES>                                              0
<TOTAL-REVENUES>                               144,743
<CGS>                                                0
<TOTAL-COSTS>                                  186,039
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                                      0
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                           (41,296)
<DISCONTINUED>                                (62,764)
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 (104,060)
<EPS-PRIMARY>                                    (.04)
<EPS-DILUTED>                                        0
        

</TABLE>
