
<TABLE> <S> <C>

<ARTICLE> 5

<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               DEC-31-1996
<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>                                     0.20
<EPS-DILUTED>                                     0.19


</TABLE>
