<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
STATEMENTS OF OPERATIONS AND BALANCE SHEETS FOR THE THREE MONTHS ENDED MARCH 31,
1998, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               MAR-31-1998
<CASH>                                          12,639
<SECURITIES>                                    32,548
<RECEIVABLES>                                    1,487
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                46,673
<PP&E>                                           6,437
<DEPRECIATION>                                   4,419
<TOTAL-ASSETS>                                  50,103
<CURRENT-LIABILITIES>                            2,247
<BONDS>                                          1,035
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                           158
<OTHER-SE>                                      46,663
<TOTAL-LIABILITY-AND-EQUITY>                    50,103
<SALES>                                              0
<TOTAL-REVENUES>                                 2,732
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                                 3,095
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                  43
<INCOME-PRETAX>                                  (721)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                              (721)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     (721)
<EPS-PRIMARY>                                    (.05)
<EPS-DILUTED>                                    (.05)