<ARTICLE>        5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS AND RELATED NOTES THERETO AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS AND RELATED
NOTES.

</LEGEND>
<MULTIPLIER> 1,000
       
                                                  
<PERIOD-TYPE>                                        3-MOS
<FISCAL-YEAR-END>                                           JUN-30-1997
<PERIOD-END>                                                SEP-30-1996
<CASH>                                                              4,582
<SECURITIES>                                                            0
<RECEIVABLES>                                                       4,584
<ALLOWANCES>                                                            0
<INVENTORY>                                                             0
<CURRENT-ASSETS>                                                    9,355   
<PP&E>                                                                118
<DEPRECIATION>                                                          0
<TOTAL-ASSETS>                                                     23,585
<CURRENT-LIABILITIES>                                             130,133
<BONDS>                                                                 0
<PREFERRED-MANDATORY>                                                   0
<PREFERRED>                                                             0
<COMMON>                                                           37,317
<OTHER-SE>                                                       (144,165)
<TOTAL-LIABILITY-AND-EQUITY>                                       23,585
<SALES>                                                             2,137
<TOTAL-REVENUES>                                                    2,137
<CGS>                                                               2,174
<TOTAL-COSTS>                                                       2,174
<OTHER-EXPENSES>                                                    4,138
<LOSS-PROVISION>                                                        0
<INTEREST-EXPENSE>                                                      0
<INCOME-PRETAX>                                                    (4,175)
<INCOME-TAX>                                                          115
<INCOME-CONTINUING>                                                (4,280)
<DISCONTINUED>                                                          0
<EXTRAORDINARY>                                                    (1,998)
<CHANGES>                                                               0
<NET-INCOME>                                                       (6,288)
<EPS-PRIMARY>                                                        (.33)
<EPS-DILUTED>                                                        (.33)