<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONDENSED CONSOLIDATED BALANCE SHEETS AND CONDENSED CONSOLIDATED STATEMENTS OF
INCOME ON PAGES 2 AND 3 OF THE COMPANY'S FORM 10-Q FOR THE YEAR-TO-DATE, AND IS 
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               JUN-30-1996
<CASH>                                       7,187,207
<SECURITIES>                                         0
<RECEIVABLES>                                4,210,758
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                            20,683,550
<PP&E>                                       5,003,417
<DEPRECIATION>                                 682,790
<TOTAL-ASSETS>                              37,142,445
<CURRENT-LIABILITIES>                        2,070,228
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                        44,220
<OTHER-SE>                                  30,436,755
<TOTAL-LIABILITY-AND-EQUITY>                37,142,445
<SALES>                                      1,375,945
<TOTAL-REVENUES>                             9,087,513
<CGS>                                          461,606
<TOTAL-COSTS>                                7,206,061
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                           (270,888)
<INCOME-PRETAX>                              2,152,340
<INCOME-TAX>                                   808,897
<INCOME-CONTINUING>                          1,343,443
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 1,343,443
<EPS-PRIMARY>                                      .24
<EPS-DILUTED>                                      .24