<ARTICLE>                     5
<LEGEND>
     Information taken from the June 30, 1997 Form 10-Q.
</LEGEND>
<MULTIPLIER>                                      1000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                                  DEC-31-1997
<PERIOD-START>                                     APR-01-1997
<PERIOD-END>                                       JUN-30-1997                                                       
<CASH>                                                   2,559
<SECURITIES>                                            28,532 
<RECEIVABLES>                                                0 
<ALLOWANCES>                                                 0 
<INVENTORY>                                                  0 
<CURRENT-ASSETS>                                        32,835 
<PP&E>                                                  20,880 
<DEPRECIATION>                                         (10,418)
<TOTAL-ASSETS>                                          44,580 
<CURRENT-LIABILITIES>                                    3,781 
<BONDS>                                                  4,313 
<PREFERRED-MANDATORY>                                        0 
<PREFERRED>                                                  0 
<COMMON>                                                    24 
<OTHER-SE>                                              36,027 
<TOTAL-LIABILITY-AND-EQUITY>                            44,580 
<SALES>                                                      0 
<TOTAL-REVENUES>                                         3,196 
<CGS>                                                        0 
<TOTAL-COSTS>                                            4,529 
<OTHER-EXPENSES>                                             0 
<LOSS-PROVISION>                                             0 
<INTEREST-EXPENSE>                                         145 
<INCOME-PRETAX>                                         (1,038)
<INCOME-TAX>                                                 0 
<INCOME-CONTINUING>                                     (1,038)
<DISCONTINUED>                                               0 
<EXTRAORDINARY>                                              0 
<CHANGES>                                                    0 
<NET-INCOME>                                            (1,038)
<EPS-PRIMARY>                                            (0.04)
<EPS-DILUTED>                                                0