<ARTICLE> 5 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> DEC-31-1997 <CASH> 5,580 <SECURITIES> 0 <RECEIVABLES> 34,354 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 47,186 <PP&E> 13,671 <DEPRECIATION> 0 <TOTAL-ASSETS> 182,240 <CURRENT-LIABILITIES> 15,526 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 118 <OTHER-SE> 250,892 <TOTAL-LIABILITY-AND-EQUITY> 182,240 <SALES> 82,905 <TOTAL-REVENUES> 82,905 <CGS> 0 <TOTAL-COSTS> 125,961 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> (46) <INCOME-PRETAX> (43,010) <INCOME-TAX> (6,051) <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (36,959) <EPS-PRIMARY> (3.12) <EPS-DILUTED> 0