<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM SEPTEMBER
30, 1996 FORM 10-Q AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               SEP-30-1996
<CASH>                                      15,355,637
<SECURITIES>                                         0
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                            15,631,022
<PP&E>                                         168,643
<DEPRECIATION>                                  63,539
<TOTAL-ASSETS>                              15,765,616
<CURRENT-LIABILITIES>                          520,423
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                         7,915
<OTHER-SE>                                  14,692,526
<TOTAL-LIABILITY-AND-EQUITY>                15,765,616
<SALES>                                              0
<TOTAL-REVENUES>                               127,211
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                             2,999,096
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               2,131
<INCOME-PRETAX>                            (2,518,375)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                        (2,518,375)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                               (2,518,375)
<EPS-PRIMARY>                                    (.38)
<EPS-DILUTED>                                    (.38)