<TABLE> <S> <C>

<ARTICLE>                5
<LEGEND>
THIS DOCUMENT CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
THE COMPAY'S 10-KSB DATED AUGUST 31, 1995 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
<S>                               <C>
<PERIOD-TYPE>                           12-MOS
<FISCAL-YEAR-END>                  AUG-31-1995
<PERIOD-END>                       AUG-31-1995
<CASH>                                 865,803
<SECURITIES>                             3,429
<RECEIVABLES>                                0
<ALLOWANCES>                                 0
<INVENTORY>                                  0
<CURRENT-ASSETS>                     1,004,596
<PP&E>                                  14,873
<DEPRECIATION>                           9,514
<TOTAL-ASSETS>                      12,383,883
<CURRENT-LIABILITIES>                  245,910
<BONDS>                                      0
<COMMON>                               261,584
<PREFERRED-MANDATORY>                        0 
<PREFERRED>                              2,033
<OTHER-SE>                           4,845,202
<TOTAL-LIABILITY-AND-EQUITY>        12,383,883
<SALES>                                      0
<TOTAL-REVENUES>                             0
<CGS>                                        0
<TOTAL-COSTS>                          342,886
<OTHER-EXPENSES>                             0
<LOSS-PROVISION>                             0
<INTEREST-EXPENSE>                     212,074
<INCOME-PRETAX>                       (520,330)
<INCOME-TAX>                                 0
<INCOME-CONTINUING>                   (520,330)
<DISCONTINUED>                               0
<EXTRAORDINARY>                          4,884
<CHANGES>                                    0
<NET-INCOME>                          (515,446)
<EPS-PRIMARY>                            (0.01)
<EPS-DILUTED>                                0

        

</TABLE>