<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> Dec-31-1996 <PERIOD-END> Jun-30-1997 <CASH> 183 <SECURITIES> 31,228 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 32,608 <PP&E> 29,610 <DEPRECIATION> 24,926 <TOTAL-ASSETS> 41,867 <CURRENT-LIABILITIES> 8,769 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 20 <OTHER-SE> 18,393 <TOTAL-LIABILITY-AND-EQUITY> 41,867 <SALES> 0 <TOTAL-REVENUES> 293 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 9,225 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 263 <INCOME-PRETAX> (8,665) <INCOME-TAX> 0 <INCOME-CONTINUING> (8,665) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (8,665) <EPS-PRIMARY> (0.22) <EPS-DILUTED> (0.22)