<TABLE> <S> <C>


<ARTICLE>                     5
<LEGEND>
This  schedule  contains  summary  information   extracted  from  the  Company's
accompanying  audited  financial  statements and is qualified in its entirety by
reference to such financial statements.
</LEGEND>

<S>                             <C>                             <C>
<PERIOD-TYPE>                   12-MOS                          12-MOS
<FISCAL-YEAR-END>                          APR-30-1999                APR-30-1998
<PERIOD-END>                               APR-30-1999                APR-30-1998
<CASH>                                     1,182,993                    2,249,992
<SECURITIES>                               1,208,061                    1,073,308
<RECEIVABLES>                                      0                            0
<ALLOWANCES>                                       0                            0
<INVENTORY>                                        0                            0
<CURRENT-ASSETS>                                   0                            0
<PP&E>                                     2,052,925                    1,893,171
<DEPRECIATION>                               546,473                      416,561
<TOTAL-ASSETS>                             8,792,269                    8,875,880
<CURRENT-LIABILITIES>                              0                            0
<BONDS>                                    3,500,000                    3,000,000
<PREFERRED-MANDATORY>                              0                            0
<PREFERRED>                                        0                            0
<COMMON>                                      50,654                       52,719
<OTHER-SE>                                 4,327,064                    4,887,592
<TOTAL-LIABILITY-AND-EQUITY>               8,792,269                    8,875,880
<SALES>                                            0                            0
<TOTAL-REVENUES>                             378,801                      560,794
<CGS>                                              0                            0
<TOTAL-COSTS>                                      0                            0
<OTHER-EXPENSES>                             182,172                    1,297,063
<LOSS-PROVISION>                                   0                            0
<INTEREST-EXPENSE>                                 0                            0
<INCOME-PRETAX>                                    0                            0
<INCOME-TAX>                                       0                            0
<INCOME-CONTINUING>                                0                            0
<DISCONTINUED>                                     0                            0
<EXTRAORDINARY>                                    0                            0
<CHANGES>                                          0                            0
<NET-INCOME>                                  99,229                     (804,589)
<EPS-BASIC>                                    .02                         (.17)
<EPS-DILUTED>                                    .02                         (.17)



</TABLE>