<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
COMPANY'S MARCH 31, 1998 UNAUDITED CONSOLIDATED FIANACIAL STATEMENTS AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               MAR-31-1998
<CASH>                                       6,486,784
<SECURITIES>                                14,544,993
<RECEIVABLES>                               12,088,479
<ALLOWANCES>                                   300,000
<INVENTORY>                                          0
<CURRENT-ASSETS>                            36,318,978
<PP&E>                                       4,444,223
<DEPRECIATION>                               1,251,160
<TOTAL-ASSETS>                              40,845,827
<CURRENT-LIABILITIES>                        4,491,926
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                           921
<OTHER-SE>                                  36,352,980
<TOTAL-LIABILITY-AND-EQUITY>                40,845,827
<SALES>                                      9,582,123
<TOTAL-REVENUES>                             9,582,123
<CGS>                                        1,748,458
<TOTAL-COSTS>                                1,748,458
<OTHER-EXPENSES>                             7,337,409
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               5,582
<INCOME-PRETAX>                                792,378
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                            792,378
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   792,378
<EPS-PRIMARY>                                     0.09
<EPS-DILUTED>                                     0.08