<ARTICLE> 5 <PERIOD-TYPE> 9-Mos <FISCAL-YEAR-END> Dec-31-1997 <PERIOD-START> Jan-01-1997 <PERIOD-END> Sep-30-1997 <CASH> 1,397,785 <SECURITIES> 736,528 <RECEIVABLES> 499,642 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 2,966,341 <PP&E> 1,644,683 <DEPRECIATION> 848,117 <TOTAL-ASSETS> 4,734,885 <CURRENT-LIABILITIES> 398,763 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 13,701 <OTHER-SE> 4,309,961 <TOTAL-LIABILITY-AND-EQUITY> 4,323,662 <SALES> 0 <TOTAL-REVENUES> 5,362,018 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 4,833,938 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 528,080 <INCOME-TAX> 33,094 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 494,986 <EPS-PRIMARY> .34 <EPS-DILUTED> .34