<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FORM 10-Q FOR QUARTER ENDED MARCH 31, 1997 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> MAR-31-1997 <CASH> 687 <SECURITIES> 4,094 <RECEIVABLES> 2,947<F1> <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 8,777 <PP&E> 2,628<F2> <DEPRECIATION> 0 <TOTAL-ASSETS> 14,793 <CURRENT-LIABILITIES> 4,100 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 9 <OTHER-SE> 10,684 <TOTAL-LIABILITY-AND-EQUITY> 14,793 <SALES> 719 <TOTAL-REVENUES> 3,408 <CGS> 55 <TOTAL-COSTS> 1,629 <OTHER-EXPENSES> 2,586 <LOSS-PROVISION> 204 <INTEREST-EXPENSE> 40 <INCOME-PRETAX> (799) <INCOME-TAX> 0 <INCOME-CONTINUING> (799) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (799) <EPS-PRIMARY> (.16) <EPS-DILUTED> (.16) <FN> <F1> REPRESENT NET AMOUNTS. <F2> REPRESENT NET AMOUNTS. </FN>