<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
COMPANY'S 1997 INCOME STATEMENT AND BALANCE SHEET AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH CONSOLIDATED FINANCIAL STATEMENTS FILED IN
ITEM 8 TO THE COMPANY'S 1997 FORM 10-K.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               DEC-31-1997
<CASH>                                           1,137
<SECURITIES>                                    18,874
<RECEIVABLES>                                      332
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                46,225<F1>
<PP&E>                                           7,116
<DEPRECIATION>                                   2,211
<TOTAL-ASSETS>                                  53,876
<CURRENT-LIABILITIES>                            4,204
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                            73
<OTHER-SE>                                      48,425
<TOTAL-LIABILITY-AND-EQUITY>                    53,876
<SALES>                                              0
<TOTAL-REVENUES>                                 2,584
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                                 6,138<F2>
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                 153
<INCOME-PRETAX>                                (8,788)<F3>
<INCOME-TAX>                                   (4,170)
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   (4,618)
<EPS-PRIMARY>                                   (1.42)
<EPS-DILUTED>                                   (1.42)
<FN>
<F1>INCLUDES ASSETS HELD-FOR-SALE OF $24,362, NET OF ALLOWANCE FOR DECLINE IN 
VALUE OF $1,500.
<F2>INCLUDES CO-OWNERSHIP PROGRAM OF $5,615, INCLUDING PROVISION FOR DECLINE
IN VALUE OF ASSETS HELD-FOR-SALE OF $1,500 AND DEPRECIATION OF $523.
<F3>INCLUDES EQUITY IN LOSS OF AFFILIATE OF $623.
</FN>