U.S. SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 10-QSB/A-1
(x) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended March 31, 1997
OR
( ) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Commission File No. 0-27454
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
Exhibit 27
Financial Data Schedule
"This schedule contains summary financial information extracted
from March 31, 1997 10QSB and is qualified in its entirety by
reference to such financial statements."
</LEGEND>
<S> <C>
<PERIOD-START> JAN-01-1997
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> MAR-31-1997
<CASH> 158,878
<SECURITIES> 0
<RECEIVABLES> 1,527
<ALLOWANCES> 0
<INVENTORY> 17,993,561
<CURRENT-ASSETS> 160,405
<PP&E> 46,437
<DEPRECIATION> (553,006)
<TOTAL-ASSETS> 17,647,397
<CURRENT-LIABILITIES> 386
<BONDS> 16,300
0
1,212
<COMMON> 46,349
<OTHER-SE> 17,583,150
<TOTAL-LIABILITY-AND-EQUITY> 17,647,397
<SALES> 0
<TOTAL-REVENUES> 200,218
<CGS> 0
<TOTAL-COSTS> 6,350
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 0
<INCOME-PRETAX> 193,868
<INCOME-TAX> 0
<INCOME-CONTINUING> 193,868
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 193,868
<EPS-PRIMARY> .004
<EPS-DILUTED> .004
</TABLE>
