<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FORM 10-Q
FOR QUARTER ENDED MARCH 31, 1998 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               MAR-31-1998
<CASH>                                            1111
<SECURITIES>                                      4383
<RECEIVABLES>                                        0
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<CURRENT-ASSETS>                                  5512
<PP&E>                                             172
<DEPRECIATION>                                      67
<TOTAL-ASSETS>                                    6175
<CURRENT-LIABILITIES>                             1220
<BONDS>                                              0
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<PREFERRED>                                          0
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<OTHER-SE>                                        4494
<TOTAL-LIABILITY-AND-EQUITY>                      6175
<SALES>                                              0
<TOTAL-REVENUES>                                    13
<CGS>                                                0
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<LOSS-PROVISION>                                     0
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<INCOME-TAX>                                         0
<INCOME-CONTINUING>                             (1663)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    (1663)
<EPS-PRIMARY>                                   (0.21)
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