<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS FINANCIAL INFORMATION EXTRACTED FROM THE FINANCIAL
STATEMENTS AS OF AND FOR THE THREE MONTH PERIOD ENDED MARCH 31, 1997 AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               MAR-31-1997
<CASH>                                          34,833
<SECURITIES>                                    74,684
<RECEIVABLES>                                    5,352
<ALLOWANCES>                                        68
<INVENTORY>                                          0
<CURRENT-ASSETS>                               135,298
<PP&E>                                          18,591
<DEPRECIATION>                                   9,397
<TOTAL-ASSETS>                                 149,872
<CURRENT-LIABILITIES>                           88,165
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                        12,014
<OTHER-SE>                                      37,611
<TOTAL-LIABILITY-AND-EQUITY>                   149,872
<SALES>                                              0
<TOTAL-REVENUES>                                72,821
<CGS>                                                0
<TOTAL-COSTS>                                   58,090
<OTHER-EXPENSES>                                16,687
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                                  (584)
<INCOME-TAX>                                     (222)
<INCOME-CONTINUING>                              (362)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     (362)
<EPS-PRIMARY>                                   (0.02)
<EPS-DILUTED>                                   (0.02)