<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 1996 </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> JUN-30-1996 <CASH> 7,098 <SECURITIES> 0 <RECEIVABLES> 92 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 7,422 <PP&E> 5,664 <DEPRECIATION> (1,901) <TOTAL-ASSETS> 11,957 <CURRENT-LIABILITIES> 1,397 <BONDS> 0 <COMMON> 13407 <PREFERRED-MANDATORY> 0 <PREFERRED> 27189 <OTHER-SE> (32,042) <TOTAL-LIABILITY-AND-EQUITY> 11,957 <SALES> 0 <TOTAL-REVENUES> 954 <CGS> 0 <TOTAL-COSTS> 204 <OTHER-EXPENSES> 6,297 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (5,217) <INCOME-TAX> 0 <INCOME-CONTINUING> (5,217) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (5,217) <EPS-PRIMARY> (2.23) <EPS-DILUTED> (2.23)