<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE COMPANY'S FINANCIAL STATEMENTS INCLUDED IN ITS FORM 10-Q FOR THE FISCAL QUARTER ENDED DECEMBER 31, 1996 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> MAR-31-1996 <PERIOD-START> APR-01-1996 <PERIOD-END> DEC-31-1996 <CASH> 3,598 <SECURITIES> 4,634 <RECEIVABLES> 57 <ALLOWANCES> 46 <INVENTORY> 0 <CURRENT-ASSETS> 8,480 <PP&E> 20,007 <DEPRECIATION> 11,169 <TOTAL-ASSETS> 19,847 <CURRENT-LIABILITIES> 1,660 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 153 <OTHER-SE> 16,958 <TOTAL-LIABILITY-AND-EQUITY> 19,847 <SALES> 20 <TOTAL-REVENUES> 108 <CGS> 4 <TOTAL-COSTS> 4 <OTHER-EXPENSES> 8,988 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 74 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> (9,793) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (9,793) <EPS-PRIMARY> (0.64) <EPS-DILUTED> (0.64)