<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> SEP-30-1997 <CASH> 23,524,600 <SECURITIES> 27,168,800 <RECEIVABLES> 4,464,800 <ALLOWANCES> 289,000 <INVENTORY> 0 <CURRENT-ASSETS> 55,777,500 <PP&E> 8,612,400 <DEPRECIATION> 0 <TOTAL-ASSETS> 82,543,700 <CURRENT-LIABILITIES> 5,232,400 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 1,837,600 <OTHER-SE> 71,445,600 <TOTAL-LIABILITY-AND-EQUITY> 82,543,700 <SALES> 21,515,300 <TOTAL-REVENUES> 26,568,400 <CGS> 10,899,900 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 10,212,400 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> (897,100) <INCOME-PRETAX> 6,353,200 <INCOME-TAX> 2,414,200 <INCOME-CONTINUING> 3,939,000 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 3,939,000 <EPS-PRIMARY> 0.22 <EPS-DILUTED> 0