<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from the Balance
Sheet and Statement of Operation and is qualified in its entirety by reference
to such financial statements.
</LEGEND>
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               SEP-30-1997
<CASH>                                       5,504,797
<SECURITIES>                                   500,000
<RECEIVABLES>                                1,232,004
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                             7,569,757
<PP&E>                                         481,673
<DEPRECIATION>                                 233,295
<TOTAL-ASSETS>                               7,922,485
<CURRENT-LIABILITIES>                        2,411,256
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                    49,622,782
<OTHER-SE>                                (50,852,585)
<TOTAL-LIABILITY-AND-EQUITY>                 7,922,458
<SALES>                                              0
<TOTAL-REVENUES>                                     0
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                            21,155,538
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                             140,881
<INCOME-PRETAX>                           (12,772,756)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                              (12,772,756)
<EPS-PRIMARY>                                   (0.98)
<EPS-DILUTED>                                   (0.98)