<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-30-1996
<PERIOD-START>                          OCT-01-1995
<PERIOD-END>                            SEP-30-1996
<CASH>                                       21,735
<SECURITIES>                                 15,656
<RECEIVABLES>                                 1,445
<ALLOWANCES>                                      0
<INVENTORY>                                       0
<CURRENT-ASSETS>                             37,375
<PP&E>                                        2,418
<DEPRECIATION>                                  755
<TOTAL-ASSETS>                               40,650
<CURRENT-LIABILITIES>                         8,505
<BONDS>                                         897
<PREFERRED-MANDATORY>                             0
<PREFERRED>                                       0
<COMMON>                                          7
<OTHER-SE>                                   30,673
<TOTAL-LIABILITY-AND-EQUITY>                 40,650
<SALES>                                           0
<TOTAL-REVENUES>                              5,348
<CGS>                                             0
<TOTAL-COSTS>                                   348
<OTHER-EXPENSES>                              8,674
<LOSS-PROVISION>                                  0
<INTEREST-EXPENSE>                                0
<INCOME-PRETAX>                             (3,560)
<INCOME-TAX>                                      0
<INCOME-CONTINUING>                         (3,560)
<DISCONTINUED>                                    0
<EXTRAORDINARY>                                   0
<CHANGES>                                         0
<NET-INCOME>                                (3,560)
<EPS-PRIMARY>                                (0.59)<F1>
<EPS-DILUTED>                                (0.59)
<FN>
<F1> EPS BASIC
</FN>