<ARTICLE>                     5
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               SEP-30-1998
<CASH>                                          18,670
<SECURITIES>                                    15,649
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                35,102
<PP&E>                                          17,703
<DEPRECIATION>                                   3,448
<TOTAL-ASSETS>                                  49,357
<CURRENT-LIABILITIES>                            2,208
<BONDS>                                          8,302
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                            96
<OTHER-SE>                                      38,751
<TOTAL-LIABILITY-AND-EQUITY>                    49,357
<SALES>                                              0
<TOTAL-REVENUES>                                   265
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                                10,019
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                 417
<INCOME-PRETAX>                                 (8,592)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                             (8,592)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    (8,592)
<EPS-PRIMARY>                                     (.90)
<EPS-DILUTED>                                     (.90)