<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>                                                              3-MOS
<FISCAL-YEAR-END>                                                    DEC-31-1997
<PERIOD-END>                                                         MAR-31-1997
<EXCHANGE-RATE>                                                                1
<CASH>                                                                       319
<SECURITIES>                                                               4,750
<RECEIVABLES>                                                          2,579,015
<ALLOWANCES>                                                             557,551
<INVENTORY>                                                                    0
<CURRENT-ASSETS>                                                       2,827,440
<PP&E>                                                                   196,584
<DEPRECIATION>                                                                 0
<TOTAL-ASSETS>                                                         2,827,440
<CURRENT-LIABILITIES>                                                  2,291,843
<BONDS>                                                                        0
<PREFERRED-MANDATORY>                                                          0
<PREFERRED>                                                                3,090
<COMMON>                                                                  16,420
<OTHER-SE>                                                           (1,758,342)
<TOTAL-LIABILITY-AND-EQUITY>                                           2,827,440
<SALES>                                                                        0
<TOTAL-REVENUES>                                                               0
<CGS>                                                                          0
<TOTAL-COSTS>                                                                  0
<OTHER-EXPENSES>                                                               0
<LOSS-PROVISION>                                                         205,232
<INTEREST-EXPENSE>                                                             0
<INCOME-PRETAX>                                                                0
<INCOME-TAX>                                                                   0
<INCOME-CONTINUING>                                                            0
<DISCONTINUED>                                                                 0
<EXTRAORDINARY>                                                                0
<CHANGES>                                                                      0
<NET-INCOME>                                                           (205,232)
<EPS-PRIMARY>                                                               0.00
<EPS-DILUTED>                                                               0.00
        

</TABLE>