<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> APR-01-1997 <PERIOD-END> JUN-30-1997 <CASH> 4,191 <SECURITIES> 39,916 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 44,676 <PP&E> 13,862 <DEPRECIATION> 4,987 <TOTAL-ASSETS> 53,704 <CURRENT-LIABILITIES> 4,267 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 64,206 <OTHER-SE> 986 <TOTAL-LIABILITY-AND-EQUITY> 53,704 <SALES> 0 <TOTAL-REVENUES> 2,994 <CGS> 0 <TOTAL-COSTS> 5,435 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 40 <INCOME-PRETAX> (1,831) <INCOME-TAX> 0 <INCOME-CONTINUING> (1,831) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (1,831) <EPS-PRIMARY> (0.17) <EPS-DILUTED> (0.17)