<ARTICLE>                     5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
COMPANY'S UNAUDITED FINANCIAL STATEMENTS DATED AS OF SEPTEMBER 30, 2000 AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.


                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                              JUN-30-2001
<PERIOD-START>                                 JUL-01-2000
<PERIOD-END>                                   SEP-30-2000
<CASH>                                         56,701,651
<SECURITIES>                                   0
<RECEIVABLES>                                  110,663
<ALLOWANCES>                                   0
<INVENTORY>                                    2,394,283
<CURRENT-ASSETS>                               0
<PP&E>                                         0
<DEPRECIATION>                                 0
<TOTAL-ASSETS>                                 59,206,567
<CURRENT-LIABILITIES>                          451,649
<BONDS>                                        0
<PREFERRED-MANDATORY>                          0
<PREFERRED>                                    0
<COMMON>                                       202,561
<OTHER-SE>                                     58,552,357
<TOTAL-LIABILITY-AND-EQUITY>                   59,206,567
<SALES>                                        0
<TOTAL-REVENUES>                               882,038
<CGS>                                          0
<TOTAL-COSTS>                                  0
<OTHER-EXPENSES>                               175,380
<LOSS-PROVISION>                               0
<INTEREST-EXPENSE>                             0
<INCOME-PRETAX>                                706,658
<INCOME-TAX>                                   0
<INCOME-CONTINUING>                            706,658
<DISCONTINUED>                                 0
<EXTRAORDINARY>                                0
<CHANGES>                                      0
<NET-INCOME>                                   706,658
<EPS-BASIC>                                    .03
<EPS-DILUTED>                                  .03