<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS AMENDED FINANCIAL DATA SCHEDULE FOR 1996.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               DEC-31-1996
<CASH>                                           1,137
<SECURITIES>                                     4,534
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                 5,776
<PP&E>                                           1,823
<DEPRECIATION>                                      65
<TOTAL-ASSETS>                                   7,819
<CURRENT-LIABILITIES>                            1,195
<BONDS>                                              0
<PREFERRED-MANDATORY>                           10,471
<PREFERRED>                                          0
<COMMON>                                             7
<OTHER-SE>                                     (4,194)
<TOTAL-LIABILITY-AND-EQUITY>                     7,819
<SALES>                                              0
<TOTAL-REVENUES>                                     0
<CGS>                                                0
<TOTAL-COSTS>                                    3,086
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<INCOME-PRETAX>                                (2,865)
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<NET-INCOME>                                   (2,865)
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<EPS-DILUTED>                                   (5.87)