<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> JUN-30-1997 <CASH> 52,134,900 <SECURITIES> 0 <RECEIVABLES> 3,920,100 <ALLOWANCES> 274,000 <INVENTORY> 0 <CURRENT-ASSETS> 56,397,500 <PP&E> 7,998,500 <DEPRECIATION> 0 <TOTAL-ASSETS> 77,284,900 <CURRENT-LIABILITIES> 5,645,700 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 909,600 <OTHER-SE> 66,560,100 <TOTAL-LIABILITY-AND-EQUITY> 77,284,900 <SALES> 13,100,600 <TOTAL-REVENUES> 16,435,600 <CGS> 6,672,200 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 6,306,100 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> (269,400) <INCOME-PRETAX> 3,726,700 <INCOME-TAX> 1,416,100 <INCOME-CONTINUING> 2,310,600 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2,310,600 <EPS-PRIMARY> .28 <EPS-DILUTED> 0