<ARTICLE>                                          5
<LEGEND>
(In thousands, except per share data; unaudited)
</LEGEND>
                                                    
                                                  
<PERIOD-TYPE>                                      3-MOS
<FISCAL-YEAR-END>                                  DEC-31-1996
<PERIOD-END>                                       JUN-30-1996
<CASH>                                                              2,721,553
<SECURITIES>                                                                0
<RECEIVABLES>                                                       1,473,870
<ALLOWANCES>                                                                0
<INVENTORY>                                                                 0
<CURRENT-ASSETS>                                                    4,195,423
<PP&E>                                                                153,897
<DEPRECIATION>                                                         25,291
<TOTAL-ASSETS>                                                      4,783,521
<CURRENT-LIABILITIES>                                               1,607,816
<BONDS>                                                                     0
<PREFERRED-MANDATORY>                                                       0
<PREFERRED>                                                                 0
<COMMON>                                                                  985
<OTHER-SE>                                                          3,138,773
<TOTAL-LIABILITY-AND-EQUITY>                                        4,783,521
<SALES>                                                                 9,027
<TOTAL-REVENUES>                                                        9,027
<CGS>                                                                  24,243
<TOTAL-COSTS>                                                         477,454
<OTHER-EXPENSES>                                                            0
<LOSS-PROVISION>                                                       14,118
<INTEREST-EXPENSE>                                                     16,097
<INCOME-PRETAX>                                                      (513,674)
<INCOME-TAX>                                                          (33,185)
<INCOME-CONTINUING>                                                  (480,489)
<DISCONTINUED>                                                              0
<EXTRAORDINARY>                                                             0
<CHANGES>                                                                   0
<NET-INCOME>                                                         (480,489)
<EPS-PRIMARY>                                                           (0.03)
<EPS-DILUTED>                                                            0.00