<ARTICLE>  5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED BALANCE SHEET AND THE CONSOLIDATED STATEMENT OF INCOME FILED AS
PART OF THE ANNUAL REPORT ON FORM 10-K AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH ANNUAL REPORT ON FORM 10-K.
</LEGEND>
<MULTIPLIER>  1,000
       
                           
<PERIOD-TYPE>                 12-MOS
<FISCAL-YEAR-END>                       SEP-30-1998
<PERIOD-START>                          OCT-01-1997
<PERIOD-END>                            SEP-30-1998
<CASH>                                       10,647
<SECURITIES>                                 12,915
<RECEIVABLES>                                 1,096
<ALLOWANCES>                                      0
<INVENTORY>                                       0
<CURRENT-ASSETS>                             21,174
<PP&E>                                        3,642
<DEPRECIATION>                                  666
<TOTAL-ASSETS>                               27,836
<CURRENT-LIABILITIES>                         6,567
<BONDS>                                       1,593
<PREFERRED-MANDATORY>                             0
<PREFERRED>                                       0
<COMMON>                                          7
<OTHER-SE>                                   19,669
<TOTAL-LIABILITY-AND-EQUITY>                 27,836
<SALES>                                           0
<TOTAL-REVENUES>                              6,121
<CGS>                                             0
<TOTAL-COSTS>                                 1,733
<OTHER-EXPENSES>                             23,918
<LOSS-PROVISION>                                  0
<INTEREST-EXPENSE>                                0
<INCOME-PRETAX>                            (19,146)
<INCOME-TAX>                                      0
<INCOME-CONTINUING>                        (19,146)
<DISCONTINUED>                                    0
<EXTRAORDINARY>                                   0
<CHANGES>                                         0
<NET-INCOME>                               (19,146)
<EPS-PRIMARY>                                (2.69)<F1>
<EPS-DILUTED>                                (2.69)
<FN>
<F1> EPS BASIC
</FN>