<ARTICLE> 5
<MULTIPLIER> 1,000

                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-START>                             JAN-01-1999
<PERIOD-END>                               DEC-31-1999
<CASH>                                          24,732
<SECURITIES>                                     2,045
<RECEIVABLES>                                       95
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                27,997
<PP&E>                                           8,483
<DEPRECIATION>                                     752
<TOTAL-ASSETS>                                  47,206
<CURRENT-LIABILITIES>                            2,410
<BONDS>                                         10,872
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                            67
<OTHER-SE>                                      33,416
<TOTAL-LIABILITY-AND-EQUITY>                    47,206
<SALES>                                          3,706
<TOTAL-REVENUES>                                 3,952
<CGS>                                            1,242
<TOTAL-COSTS>                                    2,851
<OTHER-EXPENSES>                              (14,483)
<LOSS-PROVISION>                                 (201)
<INTEREST-EXPENSE>                                 587
<INCOME-PRETAX>                                 14,796
<INCOME-TAX>                                     5,309
<INCOME-CONTINUING>                              9,487
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     9,487
<EPS-BASIC>                                       1.42
<EPS-DILUTED>                                     1.42