<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE COMPANY'S REGISTRATION STATEMENT ON FORM S1 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> JUN-30-1996 <PERIOD-START> JUL-01-1996 <PERIOD-END> DEC-31-1996 <CASH> 4,089,000 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 4,900,000 <PP&E> 2,623,000 <DEPRECIATION> 1,425,000 <TOTAL-ASSETS> 6,098,000 <CURRENT-LIABILITIES> 1,236,000 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 37,718,000 <COMMON> 396,000 <OTHER-SE> (33,354,000) <TOTAL-LIABILITY-AND-EQUITY> 6,098,000 <SALES> 0 <TOTAL-REVENUES> 253,000 <CGS> 0 <TOTAL-COSTS> 6,601,000 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 19,000 <INCOME-PRETAX> (6,162,000) <INCOME-TAX> 0 <INCOME-CONTINUING> (6,162,000) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (6,162,000) <EPS-PRIMARY> (.61) <EPS-DILUTED> 0