<ARTICLE> 5
<MULTIPLIER> 1
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               MAR-31-1996
<CASH>                                      23,102,528
<SECURITIES>                                 3,152,481
<RECEIVABLES>                                  413,984
<ALLOWANCES>                                         0
<INVENTORY>                                    367,977
<CURRENT-ASSETS>                            28,968,004
<PP&E>                                       7,491,141
<DEPRECIATION>                                 843,875
<TOTAL-ASSETS>                              35,681,952
<CURRENT-LIABILITIES>                       10,633,633
<BONDS>                                              0
<PREFERRED-MANDATORY>                          124,260
<PREFERRED>                                          0
<COMMON>                                             0
<OTHER-SE>                                  24,274,724
<TOTAL-LIABILITY-AND-EQUITY>                35,681,952
<SALES>                                              0
<TOTAL-REVENUES>                             1,265,855
<CGS>                                                0
<TOTAL-COSTS>                                3,749,647<F1>
<OTHER-EXPENSES>                                     0<F1>
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                           (130,033)
<INCOME-PRETAX>                            (2,981,681)
<INCOME-TAX>                                    14,740
<INCOME-CONTINUING>                        (2,996,421)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                               (2,996,421)
<EPS-PRIMARY>                                   (0.28)
<EPS-DILUTED>                                   (0.28)
<FN>
<F1>Total costs includes research and development expenses and cost of revenues.
Because of the natur of the Company's operations, management is of the opinion
that it is not meaningful to segregate these costs
</FN>