<ARTICLE> 5
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM BALANCE SHEET
AND INCOME STATEMENTS DATED 09/30/00 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS

<MULTIPLIER> 1
<CURRENCY> U.S. DOLLARS

                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-2000
<PERIOD-START>                             JUL-01-2000
<PERIOD-END>                               SEP-30-2000
<EXCHANGE-RATE>                                      1
<CASH>                                       9,145,000
<SECURITIES>                                56,760,000
<RECEIVABLES>                                  595,000
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                            49,939,000
<PP&E>                                       2,013,000
<DEPRECIATION>                                 510,000
<TOTAL-ASSETS>                              69,057,000
<CURRENT-LIABILITIES>                          921,000
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                    88,359,000
<OTHER-SE>                                (20,233,000)
<TOTAL-LIABILITY-AND-EQUITY>                69,057,000
<SALES>                                              0
<TOTAL-REVENUES>                               823,000
<CGS>                                                0
<TOTAL-COSTS>                                3,928,000
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                           1,287,000
<INCOME-PRETAX>                            (1,818,000)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                        (1,818,000)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                               (1,818,000)
<EPS-BASIC>                                     (0.08)
<EPS-DILUTED>                                   (0.08)