
<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>
