<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE BALANCE
SHEETS AND STATEMENTS OF OPERATIONS OF THE COMPANY'S FORM 10-K FOR THE YEAR
ENDED DECEMBER 31, 1998, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               DEC-31-1998
<CASH>                                          13,568
<SECURITIES>                                    26,616
<RECEIVABLES>                                      477
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                41,616
<PP&E>                                           6,698
<DEPRECIATION>                                   4,992
<TOTAL-ASSETS>                                  44,844
<CURRENT-LIABILITIES>                            3,218
<BONDS>                                            801
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                           159
<OTHER-SE>                                      40,665
<TOTAL-LIABILITY-AND-EQUITY>                    44,844
<SALES>                                              0
<TOTAL-REVENUES>                                 5,920
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                                12,054
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                 162
<INCOME-PRETAX>                                (7,481)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                            (7,481)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   (7,481)
<EPS-PRIMARY>                                    (.47)
<EPS-DILUTED>                                    (.47)