<TABLE> <S> <C>

<ARTICLE>  5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED BALANCE SHEET AND THE CONSOLIDATED STATEMENT OF INCOME FILED AS
PART OF THE QUARTERLY REPORT ON FORM 10-Q AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH QUARTERLY REPORT ON FORM 10-Q.
</LEGEND>
<MULTIPLIER>  1,000
       
<S>                                                             <C>
<PERIOD-TYPE>                                                         3-MOS
<FISCAL-YEAR-END>                                               SEP-30-1998
<PERIOD-START>                                                  OCT-01-1997
<PERIOD-END>                                                    DEC-31-1997
<CASH>                                                                5,930
<SECURITIES>                                                         17,075
<RECEIVABLES>                                                         1,082
<ALLOWANCES>                                                              0
<INVENTORY>                                                               0
<CURRENT-ASSETS>                                                     24,157
<PP&E>                                                                  279
<DEPRECIATION>                                                            0
<TOTAL-ASSETS>                                                       29,056
<CURRENT-LIABILITIES>                                                 3,448
<BONDS>                                                                 149
<PREFERRED-MANDATORY>                                                     0
<PREFERRED>                                                               0
<COMMON>                                                                  7
<OTHER-SE>                                                           25,452
<TOTAL-LIABILITY-AND-EQUITY>                                         29,056
<SALES>                                                                   0
<TOTAL-REVENUES>                                                        726
<CGS>                                                                     0
<TOTAL-COSTS>                                                           217
<OTHER-EXPENSES>                                                          0
<LOSS-PROVISION>                                                          0
<INTEREST-EXPENSE>                                                        0
<INCOME-PRETAX>                                                     (1,208)
<INCOME-TAX>                                                              0
<INCOME-CONTINUING>                                                 (1,208)
<DISCONTINUED>                                                            0
<EXTRAORDINARY>                                                           0
<CHANGES>                                                                 0
<NET-INCOME>                                                        (1,208)
<EPS-PRIMARY>                                                        (0.18)<F1>
<EPS-DILUTED>                                                        (0.18)
<FN>
<F1> EPS BASIC
</FN>
        

</TABLE>