<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONDENSED CONSOLIDATED FINANCIAL STATEMENTS OF THE REGISTRANT FOR THE NINE 
MONTHS ENDED SEPTEMBER 30, 1996, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE 
TO SUCH FINANCIAL STATEMENTS AS FILED WITH ITS QUARTERLY REPORT ON FORM 10-QSB 
FOR THE QUARTER ENDED SEPTEMBER 30, 1996.
</LEGEND>
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               SEP-30-1996
<CASH>                                         278,000
<SECURITIES>                                 1,058,000
<RECEIVABLES>                                   28,000
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                             1,367,000
<PP&E>                                         259,000
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                               3,384,000
<CURRENT-LIABILITIES>                        2,398,000
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                    11,157,000
<OTHER-SE>                                 (10,523,000)
<TOTAL-LIABILITY-AND-EQUITY>                 3,384,000
<SALES>                                              0
<TOTAL-REVENUES>                                     0
<CGS>                                                0
<TOTAL-COSTS>                                    8,000
<OTHER-EXPENSES>                               772,000
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              21,000
<INCOME-PRETAX>                               (780,000)
<INCOME-TAX>                                   178,000
<INCOME-CONTINUING>                           (958,000)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                  (958,000)
<EPS-PRIMARY>                                     (.06)
<EPS-DILUTED>                                     (.06)