<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM (A) THE BALANCE SHEET AT DECEMBER 31,1995 AND STATEMENTS OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31,1995 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH (B) ANNUAL REPORT FILED ON FORM 10-K/A. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS YEAR <FISCAL-YEAR-END> DEC-31-1996 DEC-31-1995 <PERIOD-START> JUN-01-1996 JAN-1-1995 <PERIOD-END> SEP-30-1996 DEC-31-1995 <CASH> 138 468 <SECURITIES> 17,387 11,024 <RECEIVABLES> 993 815 <ALLOWANCES> 0 0 <INVENTORY> 0 0 <CURRENT-ASSETS> 18,663 12,409 <PP&E> 5,880 5,429 <DEPRECIATION> 4,232 3,419 <TOTAL-ASSETS> 20,347 14,455 <CURRENT-LIABILITIES> 1,830 1,923 <BONDS> 275 818 <PREFERRED-MANDATORY> 58,021 48,007 <PREFERRED> 0 0 <COMMON> 0 0 <OTHER-SE> (39,779) (36,293) <TOTAL-LIABILITY-AND-EQUITY> 20,347 14,455 <SALES> 0 0 <TOTAL-REVENUES> 3,031 3,534 <CGS> 0 0 <TOTAL-COSTS> 3,105 10,298 <OTHER-EXPENSES> 0 0 <LOSS-PROVISION> 0 0 <INTEREST-EXPENSE> 38 322 <INCOME-PRETAX> (112) (7,086) <INCOME-TAX> 0 0 <INCOME-CONTINUING> (112) (7,086) <DISCONTINUED> 0 0 <EXTRAORDINARY> 0 0 <CHANGES> 0 0 <NET-INCOME> (112) (7,086) <EPS-PRIMARY> (0.01) (0.55) <EPS-DILUTED> (0.01) (0.55)