<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> MAR-31-1998 <CASH> 6,699 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 6,935 <PP&E> 2,971 <DEPRECIATION> 1,575 <TOTAL-ASSETS> 8,331 <CURRENT-LIABILITIES> 693 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 5,135 <COMMON> 144 <OTHER-SE> 2,359 <TOTAL-LIABILITY-AND-EQUITY> 8,331 <SALES> 0 <TOTAL-REVENUES> 15 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 2,115 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (2,000) <INCOME-TAX> 0 <INCOME-CONTINUING> (2,000) <DISCONTINUED> 0 <EXTRAORDINARY> (190) <CHANGES> 0 <NET-INCOME> (2,190) <EPS-PRIMARY> (0.15) <EPS-DILUTED> (0.15)