<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE AUDITED
FINANCIAL STATEMENTS CONTAINED IN THE COMPANY'S ANNUAL REPORT ON FORM 10-K FOR
THE YHEAR ENDED DECEMBER 31, 1998 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
                             
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               DEC-31-1998
<CASH>                                       5,916,731
<SECURITIES>                                16,987,628
<RECEIVABLES>                                1,704,265
<ALLOWANCES>                                         0
<INVENTORY>                                    385,616
<CURRENT-ASSETS>                            27,006,663
<PP&E>                                       6,030,296
<DEPRECIATION>                             (3,048,029)
<TOTAL-ASSETS>                              31,286,013
<CURRENT-LIABILITIES>                        5,701,935
<BONDS>                                              0
<PREFERRED-MANDATORY>                       11,225,431
<PREFERRED>                                          0
<COMMON>                                     3,248,874
<OTHER-SE>                                  10,446,965
<TOTAL-LIABILITY-AND-EQUITY>                31,286,013
<SALES>                                              0
<TOTAL-REVENUES>                            47,156,196
<CGS>                                                0
<TOTAL-COSTS>                               30,960,066
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                             16,196,130
<INCOME-TAX>                                 6,425,922
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 9,770,208
<EPS-PRIMARY>                                      .37
<EPS-DILUTED>                                      .36