<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> Dec-31-1998 <PERIOD-END> Mar-31-1998 <CASH> 23,267 <SECURITIES> 22,430 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 46,277 <PP&E> 30,756 <DEPRECIATION> 26,338 <TOTAL-ASSETS> 55,268 <CURRENT-LIABILITIES> 7,182 <BONDS> 0 <COMMON> 20 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 22,888 <TOTAL-LIABILITY-AND-EQUITY> 55,268 <SALES> 0 <TOTAL-REVENUES> 46 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 10,568 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 432 <INCOME-PRETAX> (10,307) <INCOME-TAX> 0 <INCOME-CONTINUING> (10,307) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (10,307) <EPS-PRIMARY> (0.27) <EPS-DILUTED> (0.27)