<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
REGISTRANT'S FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 1995,
INCLUDED IN THE REGISTRANT'S FORM 10-QSB FOR SUCH PERIOD AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FORM 10-QSB.
</LEGEND>
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               SEP-30-1995
<CASH>                                         940,000
<SECURITIES>                                 1,574,000
<RECEIVABLES>                                   28,000
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                             2,544,000
<PP&E>                                         250,000
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                               4,552,000
<CURRENT-LIABILITIES>                          413,000
<BONDS>                                              0
<COMMON>                                    11,157,000
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                  (9,387,000)
<TOTAL-LIABILITY-AND-EQUITY>                 4,552,000
<SALES>                                              0
<TOTAL-REVENUES>                                     0
<CGS>                                                0
<TOTAL-COSTS>                                    8,000
<OTHER-EXPENSES>                               683,000
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              12,000
<INCOME-PRETAX>                               (679,000)
<INCOME-TAX>                                   (77,000)
<INCOME-CONTINUING>                           (602,000)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                  (602,000)
<EPS-PRIMARY>                                     (.04)
<EPS-DILUTED>                                     (.04)