<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM (A) FIRST
QUARTER 1997 10-Q REPORT
</LEGEND>
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          SEP-30-1997
<PERIOD-START>                             OCT-01-1996
<PERIOD-END>                               DEC-31-1996
<CASH>                                      12,840,449
<SECURITIES>                                27,146,301
<RECEIVABLES>                                  830,261
<ALLOWANCES>                                         0
<INVENTORY>                                     49,517
<CURRENT-ASSETS>                            41,134,674
<PP&E>                                      12,614,730
<DEPRECIATION>                               6,490,944
<TOTAL-ASSETS>                              47,454,317
<CURRENT-LIABILITIES>                        1,488,598
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                        67,424
<OTHER-SE>                                           0
<TOTAL-LIABILITY-AND-EQUITY>                47,454,317
<SALES>                                        666,462
<TOTAL-REVENUES>                             7,037,908
<CGS>                                          143,196
<TOTAL-COSTS>                                2,760,955
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                              4,276,953
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 4,276,953
<EPS-PRIMARY>                                      .63
<EPS-DILUTED>                                        0