FINANCIAL DATA SCHEDULE

<TABLE> <S> <C>

<ARTICLE> 5

<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> DEC-31-1997
<CASH> 5,253,227
<SECURITIES> 21,317,835
<RECEIVABLES> 0
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 27,170,365
<PP&E> 3,473,006
<DEPRECIATION> (1,738,269)
<TOTAL-ASSETS> 28,945,769
<CURRENT-LIABILITIES> 9,502,035
<BONDS> 0
<PREFERRED-MANDATORY> 0
<PREFERRED> 0
<COMMON> 34,860,237
<OTHER-SE> (16,355,620)
<TOTAL-LIABILITY-AND-EQUITY> 28,945,769
<SALES> 0
<TOTAL-REVENUES> 18,900,000
<CGS> 0
<TOTAL-COSTS> 18,763,402
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> (128,468)
<INCOME-PRETAX> 1,101,279
<INCOME-TAX> 90,000
<INCOME-CONTINUING> 1,011,279
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 1,011,279
<EPS-PRIMARY> 0.12
<EPS-DILUTED> 0.11


</TABLE>