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<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
</LEGEND>
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> MAR-31-2001
<PERIOD-START> APR-01-2000
<PERIOD-END> JUN-30-2000
<CASH> 3,054,734
<SECURITIES> 1,625,000
<RECEIVABLES> 273,194
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 468,388
<PP&E> 3,865,488
<DEPRECIATION> (708,276)
<TOTAL-ASSETS> 32,455,557
<CURRENT-LIABILITIES> 1,663,855
<BONDS> 0
<COMMON> 0
0
23,071
<OTHER-SE> 17,820,672
<TOTAL-LIABILITY-AND-EQUITY> 32,455,557
<SALES> 0
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<CGS> 0
<TOTAL-COSTS> 0
<OTHER-EXPENSES> 6,141,435
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 0
<INCOME-PRETAX> (5,949,970)
<INCOME-TAX> (347,500)
<INCOME-CONTINUING> (5,602,470)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (5,602,470)
<EPS-BASIC> (0.23)
<EPS-DILUTED> (0.23)
</TABLE>
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