<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>