<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> MAR-31-1997 <CASH> 1,943,000 <SECURITIES> 2,029,000 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 118,000 <CURRENT-ASSETS> 4,393,000 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 4,474,000 <CURRENT-LIABILITIES> 1,211,000 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 126,000 <OTHER-SE> 3,137,000 <TOTAL-LIABILITY-AND-EQUITY> 4,474,000 <SALES> 40,000 <TOTAL-REVENUES> 40,000 <CGS> 23,000 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 1,011,000 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (961,000) <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (961,000) <EPS-PRIMARY> (.38) <EPS-DILUTED> 0