<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM UNAUDITED
CONDENSED BALANCE SHEET AS OF JUNE 30, 1997 AND UNAUDITED CONDENSED STATEMENT OF
OPERATIONS FOR THE SIX MONTHS ENDED JUNE 30, 1997 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE PERIOD ENDED JUNE 30, 1997.
</LEGEND>
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<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               JUN-30-1997
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<SECURITIES>                                    16,113
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<ALLOWANCES>                                         0
<INVENTORY>                                          0
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<PP&E>                                           5,846
<DEPRECIATION>                                   3,093
<TOTAL-ASSETS>                                  31,005
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<BONDS>                                              0
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<OTHER-SE>                                      23,957
<TOTAL-LIABILITY-AND-EQUITY>                    31,005
<SALES>                                              0
<TOTAL-REVENUES>                                 2,274
<CGS>                                                0
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<INTEREST-EXPENSE>                                 202
<INCOME-PRETAX>                                (6,211)
<INCOME-TAX>                                         0
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