<ARTICLE>                     5


       
                                                     
<PERIOD-TYPE>                        6-MOS                12-MOS
<FISCAL-YEAR-END>                    DEC-31-1998          DEC-31-1997
<PERIOD-END>                         JUN-30-1998          DEC-31-1997

<CASH>                                   636,539              574,134
<SECURITIES>                           2,339,586            1,380,117
<RECEIVABLES>                             45,458              254,458
<ALLOWANCES>                                   0                    0
<INVENTORY>                                    0                    0
<CURRENT-ASSETS>                       3,155,380            2,254,086
<PP&E>                                   176,278               31,992
<DEPRECIATION>                                 0                    0
<TOTAL-ASSETS>                         3,385,308            2,286,078
<CURRENT-LIABILITIES>                  3,074,051            2,129,000
<BONDS>                                        0                    0
<PREFERRED-MANDATORY>                          0                    0
<PREFERRED>                                    0                    0
<COMMON>                                  40,000               40,000
<OTHER-SE>                               271,257              117,078
<TOTAL-LIABILITY-AND-EQUITY>           3,385,308            2,286,078
<SALES>                                        0                    0
<TOTAL-REVENUES>                       1,731,869            6,079,105
<CGS>                                          0                    0
<TOTAL-COSTS>                            212,156            1,225,580
<OTHER-EXPENSES>                         980,810            3,205,119
<LOSS-PROVISION>                               0                    0
<INTEREST-EXPENSE>                             0                    0
<INCOME-PRETAX>                          538,903            1,737,437
<INCOME-TAX>                           (227,482)            (506,500)
<INCOME-CONTINUING>                      329,839            1,230,937
<DISCONTINUED>                                 0                    0
<EXTRAORDINARY>                                0                    0
<CHANGES>                                      0                    0
<NET-INCOME>                             329,839            1,230,937
<EPS-PRIMARY>                               0.14                 0.43
<EPS-DILUTED>                               0.08                 0.31