<ARTICLE>                     5
<LEGEND>
     INFORMATION TAKEN FROM THE MARCH 31, 1997 FORM 10-Q.
</LEGEND>
<MULTIPLIER>                                        1,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                             DEC-31-1997
<PERIOD-START>                                JAN-01-1997 
<PERIOD-END>                                  MAR-31-1997 
<CASH>                                              1,580 
<SECURITIES>                                       30,788 
<RECEIVABLES>                                           0 
<ALLOWANCES>                                            0 
<INVENTORY>                                             0 
<CURRENT-ASSETS>                                   32,704 
<PP&E>                                             20,492 
<DEPRECIATION>                                   (10,012) 
<TOTAL-ASSETS>                                     44,412 
<CURRENT-LIABILITIES>                               3,607 
<BONDS>                                             4,313 
<PREFERRED-MANDATORY>                                   0 
<PREFERRED>                                             0 
<COMMON>                                               24 
<OTHER-SE>                                         36,228 
<TOTAL-LIABILITY-AND-EQUITY>                       44,412 
<SALES>                                                 0 
<TOTAL-REVENUES>                                       75 
<CGS>                                                   0 
<TOTAL-COSTS>                                       6,478 
<OTHER-EXPENSES>                                        0 
<LOSS-PROVISION>                                        0 
<INTEREST-EXPENSE>                                    195 
<INCOME-PRETAX>                                   (6,353) 
<INCOME-TAX>                                            0 
<INCOME-CONTINUING>                               (6,353) 
<DISCONTINUED>                                          0 
<EXTRAORDINARY>                                         0 
<CHANGES>                                               0 
<NET-INCOME>                                      (6,353) 
<EPS-PRIMARY>                                      (0.30) 
<EPS-DILUTED>                                           0