<ARTICLE> 5
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               MAR-31-1998
<CASH>                                      12,060,083
<SECURITIES>                                 7,026,065        
<RECEIVABLES>                                  172,025 
<ALLOWANCES>                                   (15,605)
<INVENTORY>                                          0
<CURRENT-ASSETS>                            19,312,333
<PP&E>                                       1,031,089
<DEPRECIATION>                                (308,899)
<TOTAL-ASSETS>                              20,081,261
<CURRENT-LIABILITIES>                          857,637
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                      1,280
<COMMON>                                         9,380
<OTHER-SE>                                  19,208,586
<TOTAL-LIABILITY-AND-EQUITY>                20,081,261
<SALES>                                              0
<TOTAL-REVENUES>                               113,153
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                             6,049,693
<LOSS-PROVISION>                                11,315
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                             (5,752,137)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                         (5,752,137)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                (5,752,137)
<EPS-PRIMARY>                                    (0.66)
<EPS-DILUTED>                                     0.00