<ARTICLE>                     5
<LEGEND>
                Information taken from the September 30, 1998 Form 10-Q.
</LEGEND>
<MULTIPLIER>                                   1,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                              DEC-31-1998 
<PERIOD-START>                                 JUL-01-1998 
<PERIOD-END>                                   SEP-30-1998 
<CASH>                                               2,599 
<SECURITIES>                                        44,917 
<RECEIVABLES>                                            0 
<ALLOWANCES>                                             0 
<INVENTORY>                                              0 
<CURRENT-ASSETS>                                    48,639 
<PP&E>                                              24,096 
<DEPRECIATION>                                     (12,528)
<TOTAL-ASSETS>                                      62,779 
<CURRENT-LIABILITIES>                                4,827 
<BONDS>                                              2,200 
<PREFERRED-MANDATORY>                                    0
<PREFERRED>                                            400 
<COMMON>                                                24 
<OTHER-SE>                                          52,154 
<TOTAL-LIABILITY-AND-EQUITY>                        62,779 
<SALES>                                                  0 
<TOTAL-REVENUES>                                       819 
<CGS>                                                    0 
<TOTAL-COSTS>                                        7,638 
<OTHER-EXPENSES>                                      (773)
<LOSS-PROVISION>                                         0 
<INTEREST-EXPENSE>                                     120 
<INCOME-PRETAX>                                      6,166 
<INCOME-TAX>                                             0 
<INCOME-CONTINUING>                                  6,166 
<DISCONTINUED>                                           0 
<EXTRAORDINARY>                                          0 
<CHANGES>                                                0 
<NET-INCOME>                                         6,166 
<EPS-PRIMARY>                                        (0.29)
<EPS-DILUTED>                                        (0.29)