<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMRARY FINANCIAL INFORMATION EXTRACTED FROM FINANCIAL
STATEMENTS FOR THE PERIOD ENDED JUNE 30,1996 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS
</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>                            2,795,311
<SECURITIES>                              0<F1>
<RECEIVABLES>                             0<F1>
<ALLOWANCES>                              0<F1>
<INVENTORY>                               0<F1>
<CURRENT-ASSETS>                  2,831,311
<PP&E>                              133,903
<DEPRECIATION>                       48,271
<TOTAL-ASSETS>                    2,916,943
<CURRENT-LIABILITIES>               377,195
<BONDS>                                   0<F1>
<PREFERRED-MANDATORY>                     0<F1>
<PREFERRED>                               0<F1>
<COMMON>                              2,664
<OTHER-SE>                        2,537,084
<TOTAL-LIABILITY-AND-EQUITY>      2,916,943
<SALES>                                   0<F1>
<TOTAL-REVENUES>                          0<F1>
<CGS>                                     0<F1>
<TOTAL-COSTS>                             0<F1>
<OTHER-EXPENSES>                  1,597,182
<LOSS-PROVISION>                          0<F1>
<INTEREST-EXPENSE>                 (89,501)
<INCOME-PRETAX>                 (1,507,681)
<INCOME-TAX>                              0<F1>
<INCOME-CONTINUING>             (1,507,681)
<DISCONTINUED>                            0<F1>
<EXTRAORDINARY>                           0<F1>
<CHANGES>                                 0<F1>
<NET-INCOME>                    (1,507,681)
<EPS-PRIMARY>                        (0.57)
<EPS-DILUTED>                        (0.57)
<FN>
<F1>Amounts inapplicable or not disclosed as a separate line on the Statement of
Financial or Results of Operations are reported as 0 herein.
</FN>