<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
COMPANY'S 1994 INCOME STATEMENT AND BALANCE SHEET AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH CONSOLIDATED FINANCIAL STATEMENTS FILED IN
ITEM 8 TO THE COMPANY'S 1994 FORM 10-K.
</LEGEND>
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1994
<PERIOD-START>                             JAN-01-1994
<PERIOD-END>                               DEC-31-1994
<EXCHANGE-RATE>                                      1
<CASH>                                          23,472
<SECURITIES>                                    47,501
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                71,663
<PP&E>                                           5,003
<DEPRECIATION>                                   1,433
<TOTAL-ASSETS>                                 100,895
<CURRENT-LIABILITIES>                           28,796
<BONDS>                                          1,623
<COMMON>                                            69
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                      69,873
<TOTAL-LIABILITY-AND-EQUITY>                   100,895
<SALES>                                              0
<TOTAL-REVENUES>                                 1,716
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                                 7,426
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               4,007
<INCOME-PRETAX>                               (38,011)<F1>
<INCOME-TAX>                                   (3,661)
<INCOME-CONTINUING>                           (34,350)
<DISCONTINUED>                                  54,821<F2>
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    20,471
<EPS-PRIMARY>                                    $3.22
<EPS-DILUTED>                                        0
<FN>
<F1>INCLUDES EQUITY IN LOSS OF AFFILIATE OF $8,898 AND AN IMPAIRMENT LOSS ON 
ITS INVESTMENT IN AFFILIATE OF $19,396.
<F2>INCLUDES GAIN ON SALE OF DISCONTINUED OPERATIONS OF $48,223 NET OF INCOME 
TAXES.
</FN>