<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from the
unaudited financial statements contained in the Company's quarterly report on
Form 10-Q for the quarter ended September 30, 1996 and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               SEP-30-1996
<CASH>                                         407,366
<SECURITIES>                                 9,076,428
<RECEIVABLES>                                  691,577
<ALLOWANCES>                                         0
<INVENTORY>                                    222,924
<CURRENT-ASSETS>                            10,883,011
<PP&E>                                       2,774,318
<DEPRECIATION>                             (1,114,834)
<TOTAL-ASSETS>                              14,891,661
<CURRENT-LIABILITIES>                        1,973,645
<BONDS>                                        132,285
<PREFERRED-MANDATORY>                       12,593,390
<PREFERRED>                                          0
<COMMON>                                     3,802,071
<OTHER-SE>                                 (3,780,273)
<TOTAL-LIABILITY-AND-EQUITY>                14,891,661
<SALES>                                              0
<TOTAL-REVENUES>                            13,972,903
<CGS>                                                0
<TOTAL-COSTS>                               10,131,332
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                              3,841,571
<INCOME-TAX>                                 1,560,371
<INCOME-CONTINUING>                          2,281,200
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 2,281,200
<EPS-PRIMARY>                                      .08
<EPS-DILUTED>                                        0