<ARTICLE> 5
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               MAR-31-1996
<CASH>                                           7,365
<SECURITIES>                                    21,958
<RECEIVABLES>                                       90
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                30,011
<PP&E>                                           2,794
<DEPRECIATION>                                     820
<TOTAL-ASSETS>                                  32,306
<CURRENT-LIABILITIES>                            1,067
<BONDS>                                              0
<COMMON>                                           106
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                      30,846
<TOTAL-LIABILITY-AND-EQUITY>                    32,306
<SALES>                                              0
<TOTAL-REVENUES>                                   150
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                                 3,133
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                  22
<INCOME-PRETAX>                                (2,634)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                            (2,634)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   (2,634)
<EPS-PRIMARY>                                    (.25)
<EPS-DILUTED>                                    (.25)