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<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM BALANCE
SHEET AND INCOME STATEMENTS DATED 06/30/00 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-START> APR-01-2000
<PERIOD-END> JUN-30-2000
<CASH> 39,586,000
<SECURITIES> 27,494,000
<RECEIVABLES> 362,000
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 56,283,000
<PP&E> 1,776,000
<DEPRECIATION> 398,000
<TOTAL-ASSETS> 69,793,000
<CURRENT-LIABILITIES> 1,077,000
<BONDS> 0
0
0
<COMMON> 88,311,000
<OTHER-SE> (19,594,000)
<TOTAL-LIABILITY-AND-EQUITY> 69,793,000
<SALES> 0
<TOTAL-REVENUES> 747,000
<CGS> 0
<TOTAL-COSTS> 3,458,000
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 987,000
<INCOME-PRETAX> (1,725,000)
<INCOME-TAX> 0
<INCOME-CONTINUING> (1,725,000)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (1,725,000)
<EPS-BASIC> (0.08)
<EPS-DILUTED> (0.08)
</TABLE>
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