<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-START> JAN-01-1996 <PERIOD-END> SEP-30-1996 <CASH> 8,159 <SECURITIES> 15,173 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,062 <PP&E> 4,566 <DEPRECIATION> 3,010 <TOTAL-ASSETS> 26,797 <CURRENT-LIABILITIES> 1,790 <BONDS> 263 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 163 <OTHER-SE> 24,581 <TOTAL-LIABILITY-AND-EQUITY> 26,797 <SALES> 0 <TOTAL-REVENUES> 0 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 7,818 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 150 <INCOME-PRETAX> (8,882) <INCOME-TAX> 0 <INCOME-CONTINUING> (8,882) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (8,882) <EPS-PRIMARY> (.60) <EPS-DILUTED> (.60)