<ARTICLE> 5 <MULTIPLIER> 1,000 <CURRENCY> U.S. Dollars <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> APR-1-1997 <PERIOD-END> JUN-30-1997 <EXCHANGE-RATE> 1.00 <CASH> 19,114 <SECURITIES> 4,541 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 24,186 <PP&E> 14,352 <DEPRECIATION> (9,935) <TOTAL-ASSETS> 28,731 <CURRENT-LIABILITIES> 7,723 <BONDS> 5,262 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 18 <OTHER-SE> 15,728 <TOTAL-LIABILITY-AND-EQUITY> 28,731 <SALES> 0 <TOTAL-REVENUES> 875 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 7,256 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 125 <INCOME-PRETAX> (6,256) <INCOME-TAX> 0 <INCOME-CONTINUING> (6,256) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (6,256) <EPS-PRIMARY> (.36) <EPS-DILUTED> 0