<TABLE> <S> <C>

<ARTICLE>                                                    5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM CONSOLIDATED
UNAUDITED  CONDENSED  FINANCIAL  STATEMENTS  FILED WITH THE COMPANY'S  MARCH 31,
1997,  QUARTERLY  REPORT ON FORM  10-QSB AND IS  QUALIFIED  IN ITS  ENTIRETY  BY
REFERENCE BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER>                                                                  1
<CURRENCY>                                                        U. S. DOLLARS
       
<S>                                                                 <C>
<PERIOD-TYPE>                                                             9-MOS
<FISCAL-YEAR-END>                                                   DEC-31-1997
<PERIOD-END>                                                        SEP-30-1997
<EXCHANGE-RATE>                                                               1
<CASH>                                                                      195
<SECURITIES>                                                              4,750
<RECEIVABLES>                                                           762,516
<ALLOWANCES>                                                            583,859
<INVENTORY>                                                                   0
<CURRENT-ASSETS>                                                        899,601
<PP&E>                                                                   81,945
<DEPRECIATION>                                                          114,634
<TOTAL-ASSETS>                                                          899,601
<CURRENT-LIABILITIES>                                                 2,657,022
<BONDS>                                                                       0
<PREFERRED-MANDATORY>                                                         0
<PREFERRED>                                                               3,090
<COMMON>                                                                 16,420
<OTHER-SE>                                                          (3,067,717)
<TOTAL-LIABILITY-AND-EQUITY>                                            899,601
<SALES>                                                                       0
<TOTAL-REVENUES>                                                              0
<CGS>                                                                         0
<TOTAL-COSTS>                                                                 0
<OTHER-EXPENSES>                                                              0
<LOSS-PROVISION>                                                      1,233,526
<INTEREST-EXPENSE>                                                       11,677
<INCOME-PRETAX>                                                               0
<INCOME-TAX>                                                                  0
<INCOME-CONTINUING>                                                           0
<DISCONTINUED>                                                                0
<EXTRAORDINARY>                                                               0
<CHANGES>                                                                     0
<NET-INCOME>                                                        (1,233,526)
<EPS-PRIMARY>                                                              0.00
<EPS-DILUTED>                                                              0.00
        

</TABLE>