<ARTICLE> 5 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> DEC-31-1996 <CASH> 10,735,071 <SECURITIES> 18,119,717 <RECEIVABLES> 4,948,351 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 35,617,243 <PP&E> 6,238,691 <DEPRECIATION> 1,599,021 <TOTAL-ASSETS> 48,327,150 <CURRENT-LIABILITIES> 18,114,892 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 86,264 <OTHER-SE> 29,898,260 <TOTAL-LIABILITY-AND-EQUITY> 48,327,150 <SALES> 33,779,259 <TOTAL-REVENUES> 33,779,259 <CGS> 9,500,735 <TOTAL-COSTS> 30,476,257 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 5,199,023 <INCOME-TAX> 614,225 <INCOME-CONTINUING> 4,584,798 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 4,584,798 <EPS-PRIMARY> 0.52 <EPS-DILUTED> 0.52