<TABLE> <S> <C>
<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
</LEGEND>
<MULTIPLIER> 1
<CURRENCY> U.S. DOLLARS
<S> <C>
<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
0
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)
</TABLE>