<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> Dec-31-1996 <PERIOD-END> Sep-30-1997 <CASH> 9,636 <SECURITIES> 26,215 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 36,818 <PP&E> 30,283 <DEPRECIATION> 25,370 <TOTAL-ASSETS> 46,306 <CURRENT-LIABILITIES> 9,360 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 20 <OTHER-SE> 22,401 <TOTAL-LIABILITY-AND-EQUITY> 46,306 <SALES> 0 <TOTAL-REVENUES> 125 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 8,478 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 282 <INCOME-PRETAX> (8,141) <INCOME-TAX> 0 <INCOME-CONTINUING> (8,141) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (8,141) <EPS-PRIMARY> (0.21) <EPS-DILUTED> (0.21)