<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> DEC-31-1996 <CASH> 1,448 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 10,002 <PP&E> 182 <DEPRECIATION> (39) <TOTAL-ASSETS> 67,945 <CURRENT-LIABILITIES> 10,682 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 54 <OTHER-SE> 34,819 <TOTAL-LIABILITY-AND-EQUITY> 0 <SALES> 3,412 <TOTAL-REVENUES> 3,412 <CGS> 0 <TOTAL-COSTS> 6,985 <OTHER-EXPENSES> (1,136) <LOSS-PROVISION> 825 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (2,488) <INCOME-TAX> (855) <INCOME-CONTINUING> (1,633) <DISCONTINUED> (1,152) <EXTRAORDINARY> (1,132) <CHANGES> 0 <NET-INCOME> (3,917) <EPS-PRIMARY> (1.03) <EPS-DILUTED> (1.03)