<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE BALANCE
SHEET DATED DECEMBER 31, 1998 AND THE STATEMENT OF OPERATIONS FOR THE YEAR
ENDED DECEMBER 31, 1998 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS AND THE NOTES THERETO.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               DEC-31-1998
<CASH>                                          10,532
<SECURITIES>                                    64,673
<RECEIVABLES>                                    2,398
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                97,656
<PP&E>                                          26,113
<DEPRECIATION>                                (20,676)
<TOTAL-ASSETS>                                 103,093
<CURRENT-LIABILITIES>                           45,236
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                             2
<OTHER-SE>                                      54,596
<TOTAL-LIABILITY-AND-EQUITY>                   103,093
<SALES>                                              0
<TOTAL-REVENUES>                                41,963
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                                73,192
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                 727
<INCOME-PRETAX>                               (27,614)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                           (27,614)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                  (27,614)
<EPS-PRIMARY>                                   (1.14)<F1>
<EPS-DILUTED>                                   (1.14)
<FN>
<F1>For Purposes of this Exhibit, Primary means Basic.
</FN>