<ARTICLE> 5
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          SEP-30-1995
<PERIOD-START>                             SEP-30-1994
<PERIOD-END>                               JUN-30-1995
<CASH>                                       7,476,000
<SECURITIES>                                   100,000
<RECEIVABLES>                                  198,000
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                             7,784,000
<PP&E>                                               0
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                               7,784,000
<CURRENT-LIABILITIES>                          380,000
<BONDS>                                              0
<COMMON>                                        49,000
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                  13,316,000
<TOTAL-LIABILITY-AND-EQUITY>                 7,784,000
<SALES>                                              0
<TOTAL-REVENUES>                             (328,000)
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                              (328,000)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                          (575,000)
<DISCONTINUED>                               (342,000)
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                               (1,245,000)
<EPS-PRIMARY>                                    (.26)
<EPS-DILUTED>                                    (.26)