RESTATED FDS-SECOND QUARTER 1997

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<ARTICLE> 5

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<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> APR-01-1997
<PERIOD-END> JUN-30-1997
<CASH> 6,447,837
<SECURITIES> 20,302,030
<RECEIVABLES> 0
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 27,103,293
<PP&E> 2,798,784
<DEPRECIATION> 1,411,495
<TOTAL-ASSETS> 28,546,637
<CURRENT-LIABILITIES> 9,534,125
<BONDS> 0
<PREFERRED-MANDATORY> 0
<PREFERRED> 0
<COMMON> 34,480,413
<OTHER-SE> (15,622,922)
<TOTAL-LIABILITY-AND-EQUITY> 28,546,637
<SALES> 0
<TOTAL-REVENUES> 4,700,000
<CGS> 0
<TOTAL-COSTS> 4,536,077
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 29,360
<INCOME-PRETAX> 405,593
<INCOME-TAX> 0
<INCOME-CONTINUING> 405,593
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 405,593
<EPS-PRIMARY> .05
<EPS-DILUTED> .04


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