<ARTICLE> 5
<CURRENCY> U.S. DOLLARS
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             APR-01-1996
<PERIOD-END>                               JUN-30-1996
<EXCHANGE-RATE>                                      1
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<SECURITIES>                                 2,000,000
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<PP&E>                                               0
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<OTHER-SE>                                   6,095,000
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<SALES>                                              0
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<EPS-PRIMARY>                                    (0.57)
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