<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE COMPANY'S FINANCIAL STATEMENTS INCLUDED IN ITS FORM 10-K FOR THE FISCAL YEAR ENDED MARCH 31, 1997 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> MAR-31-1998 <PERIOD-START> APR-01-1997 <PERIOD-END> MAR-31-1998 <CASH> 1,608 <SECURITIES> 1,608 <RECEIVABLES> 6 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 8,132 <PP&E> 20,107 <DEPRECIATION> 13,045 <TOTAL-ASSETS> 17,876 <CURRENT-LIABILITIES> 2,242 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 211 <OTHER-SE> 14,533 <TOTAL-LIABILITY-AND-EQUITY> 17,876 <SALES> 51 <TOTAL-REVENUES> 661 <CGS> 1 <TOTAL-COSTS> 1 <OTHER-EXPENSES> 13,006 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 24 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> (12,913) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (12,913) <EPS-PRIMARY> (0.61) <EPS-DILUTED> (0.61)