<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM BALANCE
SHEET DECEMBER 31, 1995 AND SEPTEMBER 30, 1995; STATEMENT OF OPERATIONS FOR THE
QUARTERS ENDED DECEMBER 31, 1995 AND 1994; AND STATEMENT OF CASH FLOW FOR THE
QUARTERS ENDED DECEMBER 31, 1995 AND 1994, AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FORM 10-Q FOR PERIOD ENDING DECEMBER 31, 1995.
</LEGEND>
<MULTIPLIER> 1
<CURRENCY> U.S. DOLLARS
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          SEP-30-1995
<PERIOD-START>                             OCT-01-1995
<PERIOD-END>                               DEC-31-1995
<EXCHANGE-RATE>                                      1
<CASH>                                       2,525,965
<SECURITIES>                                37,690,764
<RECEIVABLES>                                1,253,735
<ALLOWANCES>                                         0
<INVENTORY>                                     81,368
<CURRENT-ASSETS>                            41,710,943
<PP&E>                                      12,265,568
<DEPRECIATION>                               5,406,700
<TOTAL-ASSETS>                              48,714,883
<CURRENT-LIABILITIES>                        1,324,788
<BONDS>                                              0
<COMMON>                                        67,622
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                           0
<TOTAL-LIABILITY-AND-EQUITY>                48,714,883
<SALES>                                              0
<TOTAL-REVENUES>                               526,859
<CGS>                                                0
<TOTAL-COSTS>                                2,451,544
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                            (1,924,685)
<INCOME-TAX>                                  (20,000)
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                               (1,924,685)
<EPS-PRIMARY>                                   (0.28)
<EPS-DILUTED>                                   (0.28)