<TABLE> <S> <C>
<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-START> JAN-01-2000
<PERIOD-END> MAR-31-2000
<CASH> 542,356
<SECURITIES> 963,596
<RECEIVABLES> 0
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 1,505,952
<PP&E> 3,123
<DEPRECIATION> 1,417
<TOTAL-ASSETS> 1,508,623
<CURRENT-LIABILITIES> 273,644
<BONDS> 0
0
0
<COMMON> 19,477
<OTHER-SE> 1,215,502
<TOTAL-LIABILITY-AND-EQUITY> 1,508,623
<SALES> 0
<TOTAL-REVENUES> 0
<CGS> 0
<TOTAL-COSTS> 0
<OTHER-EXPENSES> 112,672
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 0
<INCOME-PRETAX> 533,409
<INCOME-TAX> 0
<INCOME-CONTINUING> 533,409
<DISCONTINUED> 0
<EXTRAORDINARY> 747,028
<CHANGES> 0
<NET-INCOME> 1,280,437
<EPS-BASIC> .03
<EPS-DILUTED> .05
</TABLE>