<ARTICLE>           5
<LEGEND>
The schedule contains summary financial information extracted from the
Condensed Consolidated Statements of Operation for the Three Months Ended March
31, 1995 and the Condensed Consolidated Balance Sheet as of March 31, 1995.
</LEGEND>
<MULTIPLIER>        1,000
       
                      
<PERIOD-TYPE>                  3-MOS
<FISCAL-YEAR-END>        DEC-31-1995
<PERIOD-START>            JAN-1-1995
<PERIOD-END>             MAR-31-1995
<CASH>                        21,537
<SECURITIES>                  23,743<F2>
<RECEIVABLES>                    123
<ALLOWANCES>                       0
<INVENTORY>                       75
<CURRENT-ASSETS>              46,710
<PP&E>                         7,834
<DEPRECIATION>                   837
<TOTAL-ASSETS>                72,077
<CURRENT-LIABILITIES>          2,942
<BONDS>                          524
<COMMON>                           1
<PREFERRED-MANDATORY>              0
<PREFERRED>                        0
<OTHER-SE>                    66,193
<TOTAL-LIABILITY-AND-EQUITY>  72,077
<SALES>                          809
<TOTAL-REVENUES>               3,808
<CGS>                            140
<TOTAL-COSTS>                  2,805
<OTHER-EXPENSES>                   0
<LOSS-PROVISION>                   0
<INTEREST-EXPENSE>                 0
<INCOME-PRETAX>                   62
<INCOME-TAX>                     141
<INCOME-CONTINUING>              (79)
<DISCONTINUED>                     0
<EXTRAORDINARY>                    0
<CHANGES>                          0
<NET-INCOME>                     (79)
<EPS-PRIMARY>                   (.02)
<EPS-DILUTED>                   (.02)
        
<FN>
<F2>
See Note 2.
</FN>