<ARTICLE> 5
       
                                                  
<PERIOD-TYPE>                   6-MOS                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1998<F1>         DEC-31-1997<F2>
<PERIOD-START>                             JAN-01-1998             JAN-01-1997
<PERIOD-END>                               JUN-30-1998             DEC-31-1997
<CASH>                                       1,534,676               1,263,736
<SECURITIES>                                21,488,374              20,730,571
<RECEIVABLES>                                2,687,916               1,984,955
<ALLOWANCES>                                    40,000                  40,000
<INVENTORY>                                          0                       0
<CURRENT-ASSETS>                                     0                       0
<PP&E>                                       5,016,494               4,757,207
<DEPRECIATION>                               2,785,930               2,435,928
<TOTAL-ASSETS>                              32,864,089               4,784,439
<CURRENT-LIABILITIES>                        5,822,175              30,452,922
<BONDS>                                              0                       0
<PREFERRED-MANDATORY>                                0                       0
<PREFERRED>                                          0                       0
<COMMON>                                     3,609,375               3,604,695
<OTHER-SE>                                  23,432,539              22,063,788
<TOTAL-LIABILITY-AND-EQUITY>                32,864,089              30,452,922
<SALES>                                              0                       0
<TOTAL-REVENUES>                            20,535,920              36,092,322
<CGS>                                                0                       0
<TOTAL-COSTS>                                        0                       0
<OTHER-EXPENSES>                            15,552,251              30,181,743
<LOSS-PROVISION>                                     0                       0
<INTEREST-EXPENSE>                                   0                       0
<INCOME-PRETAX>                              4,983,669               5,910,579
<INCOME-TAX>                                 2,154,580               2,630,000
<INCOME-CONTINUING>                          2,829,089               3,280,579
<DISCONTINUED>                                       0                       0
<EXTRAORDINARY>                                      0                       0
<CHANGES>                                            0                       0
<NET-INCOME>                                 2,829,089               3,280,579
<EPS-PRIMARY>                                     0.31                    0.35
<EPS-DILUTED>                                     0.29                    0.34
<FN>
<F1>UNAUDITED
<F2>AUDITED
</FN>