FINANCIAL DATA SCHEDULE

<TABLE> <S> <C>

<ARTICLE> 5
<CURRENCY> U.S. DOLLARS

<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> DEC-31-1996
<EXCHANGE-RATE> 1
<CASH> 7,236,615
<SECURITIES> 17,894,450
<RECEIVABLES> 0
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 25,528,798
<PP&E> 2,313,224
<DEPRECIATION> 1,144,721
<TOTAL-ASSETS> 26,762,179
<CURRENT-LIABILITIES> 9,645,418
<BONDS> 0
<PREFERRED-MANDATORY> 0
<PREFERRED> 0
<COMMON> 34,275,015
<OTHER-SE> (17,397,765)
<TOTAL-LIABILITY-AND-EQUITY> 26,762,179
<SALES> 0
<TOTAL-REVENUES> 16,600,000
<CGS> 0
<TOTAL-COSTS> 14,988,326
<OTHER-EXPENSES> (832,936)
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 212,465
<INCOME-PRETAX> 2,232,145
<INCOME-TAX> 510,000
<INCOME-CONTINUING> 0
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 1,722,145
<EPS-PRIMARY> 0.19
<EPS-DILUTED> 0.19


</TABLE>