<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
FORM 10-Q AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
       
                                                  
<PERIOD-TYPE>                   9-MOS                   3-MOS
<FISCAL-YEAR-END>                          APR-30-1996             APR-30-1996
<PERIOD-START>                             AUG-01-1995             FEB-01-1996
<PERIOD-END>                               APR-30-1996             APR-30-1996
<CASH>                                      31,538,906              31,538,906
<SECURITIES>                                         0                       0
<RECEIVABLES>                                6,673,720               6,673,720
<ALLOWANCES>                                         0                       0
<INVENTORY>                                          0                       0
<CURRENT-ASSETS>                            39,093,185              39,093,185
<PP&E>                                       7,577,393               7,577,393
<DEPRECIATION>                                       0                       0
<TOTAL-ASSETS>                              46,801,391              46,801,391
<CURRENT-LIABILITIES>                       15,131,040              15,131,040
<BONDS>                                              0                       0
<PREFERRED-MANDATORY>                                0                       0
<PREFERRED>                                          0                       0
<COMMON>                                        96,669                  96,669
<OTHER-SE>                                  31,573,682              31,573,682
<TOTAL-LIABILITY-AND-EQUITY>                46,801,391              46,501,391
<SALES>                                              0                       0
<TOTAL-REVENUES>                            34,541,156              18,226,089
<CGS>                                                0                       0
<TOTAL-COSTS>                               22,387,928              12,288,911
<OTHER-EXPENSES>                            23,165,359              10,399,911
<LOSS-PROVISION>                                     0                       0
<INTEREST-EXPENSE>                              30,014                  58,689
<INCOME-PRETAX>                           (10,982,117)             (4,404,044)
<INCOME-TAX>                                         0                       0
<INCOME-CONTINUING>                       (10,982,117)             (4,404,044)
<DISCONTINUED>                                       0                       0
<EXTRAORDINARY>                              (233,500)               (233,500)
<CHANGES>                                            0                       0
<NET-INCOME>                              (11,215,617)             (4,637,544)
<EPS-PRIMARY>                                        0                       0
<EPS-DILUTED>                                        0                       0