<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ITEM 1 FINANCIAL STATEMENTS ITEM 4 N 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> 36,337,021 <SECURITIES> 0 <RECEIVABLES> 130,299 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 36,717,547 <PP&E> 1,665,885 <DEPRECIATION> 610,574 <TOTAL-ASSETS> 37,934,932 <CURRENT-LIABILITIES> 2,148,756 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 35,786,176 <TOTAL-LIABILITY-AND-EQUITY> 37,934,932 <SALES> 619,672 <TOTAL-REVENUES> 619,672 <CGS> 0 <TOTAL-COSTS> 6,572,062 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (5,617,420) <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (5,617,420) <EPS-PRIMARY> (.78) <EPS-DILUTED> (.78)