<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> JUN-30-1997 <CASH> 226 <SECURITIES> 0 <RECEIVABLES> 302 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 2,730 <DEPRECIATION> (2,672) <TOTAL-ASSETS> 5,655 <CURRENT-LIABILITIES> 0 <BONDS> 5,543 <PREFERRED-MANDATORY> 0 <PREFERRED> 80 <COMMON> 202 <OTHER-SE> (5,202) <TOTAL-LIABILITY-AND-EQUITY> 5,655 <SALES> 0 <TOTAL-REVENUES> 1,611 <CGS> 0 <TOTAL-COSTS> 5,530 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 219 <INCOME-PRETAX> (4,138) <INCOME-TAX> 0 <INCOME-CONTINUING> (4,138) <DISCONTINUED> 0 <EXTRAORDINARY> 930 <CHANGES> 0 <NET-INCOME> (3,208) <EPS-PRIMARY> (.43) <EPS-DILUTED> (.43)