<ARTICLE> 5

                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-2000
<PERIOD-START>                             JAN-01-2000
<PERIOD-END>                               JUN-30-2000
<CASH>                                       1,158,500
<SECURITIES>                                43,935,775
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                            45,868,629
<PP&E>                                         622,558
<DEPRECIATION>                                 386,613
<TOTAL-ASSETS>                              89,871,906
<CURRENT-LIABILITIES>                        1,520,440
<BONDS>                                         37,728
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                   156,494,967
<OTHER-SE>                                (68,181,229)
<TOTAL-LIABILITY-AND-EQUITY>                89,871,906
<SALES>                                              0
<TOTAL-REVENUES>                                     0
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                            14,806,113
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              21,993
<INCOME-PRETAX>                           (14,806,113)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                       (14,806,113)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                              (14,806,113)
<EPS-BASIC>                                     (1.13)
<EPS-DILUTED>                                   (1.13)