<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from the
Company's Condensed Consolidated Financial Statements for the three months ended
April 30, 1997 and is qualified in its entirety by reference to such financial
statements.
</LEGEND>
<MULTIPLIER> 1
<CURRENCY> U.S. DOLLARS
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          JAN-31-1997
<PERIOD-START>                             FEB-01-1997
<PERIOD-END>                               APR-30-1997
<EXCHANGE-RATE>                                      1
<CASH>                                         994,783
<SECURITIES>                                11,121,375
<RECEIVABLES>                                2,046,212
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                            16,070,761
<PP&E>                                       3,341,881
<DEPRECIATION>                                 880,995
<TOTAL-ASSETS>                              29,936,374
<CURRENT-LIABILITIES>                        3,055,992
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                        88,965
<OTHER-SE>                                  26,791,417
<TOTAL-LIABILITY-AND-EQUITY>                29,936,374
<SALES>                                      2,113,193
<TOTAL-REVENUES>                             2,113,193
<CGS>                                        1,736,614
<TOTAL-COSTS>                                5,289,164
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                            (2,845,707)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                        (2,845,707)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                               (2,845,707)
<EPS-PRIMARY>                                   (0.32)
<EPS-DILUTED>                                        0