<ARTICLE>  5
<LEGEND>   This schedule contains summary financial information extracted
           from the Balance Sheet and Statement of Operations included in
           the Company's Form 10-K for the year ended December 31, 1998 and
           is qualified in its entirety by reference to such Financial
           Statements.
</LEGEND> 
<MULTIPLIER> 1
       
                                 
<FISCAL-YEAR-END>                   Dec-31-1998
<PERIOD-START>                      Jan-01-1998
<PERIOD-END>                        Dec-31-1998
<PERIOD-TYPE>                       12-MOS
<CASH>                                    27,907
<SECURITIES>                              59,233
<RECEIVABLES>                                  0
<ALLOWANCES>                                   0
<INVENTORY>                                    0
<CURRENT-ASSETS>                          91,748
<PP&E>                                    39,075
<DEPRECIATION>                            16,059
<TOTAL-ASSETS>                           171,850
<CURRENT-LIABILITIES>                      9,354
<BONDS>                                        0
<PREFERRED-MANDATORY>                          0
<PREFERRED>                                    0
<COMMON>                                     186
<OTHER-SE>                               162,310
<TOTAL-LIABILITY-AND-EQUITY>             171,850
<SALES>                                        0
<TOTAL-REVENUES>                          30,828
<CGS>                                          0
<TOTAL-COSTS>                                  0
<OTHER-EXPENSES>                          40,330
<LOSS-PROVISION>                               0
<INTEREST-EXPENSE>                             0
<INCOME-PRETAX>                           (9,502)
<INCOME-TAX>                                   0
<INCOME-CONTINUING>                       (9,502)
<DISCONTINUED>                                 0
<EXTRAORDINARY>                                0
<CHANGES>                                      0
<NET-INCOME>                              (9,502)
<EPS-PRIMARY>                             ($0.51)
<EPS-DILUTED>                             ($0.51)