<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM CAPITAL
RESERVE CORPORATION'S AUDITED CONSOLIDATED FINANCIAL STATESMENTS FOR THE PERIOD
ENDED DECEMBER 31, 1999 AND CAPITAL RESERVE CORPORATION'S UNAUDITED
CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED JUNE 30, 2000 AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>

                                                  
<PERIOD-TYPE>                   YEAR                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1999             DEC-31-2000
<PERIOD-END>                               DEC-31-1999             JUN-30-2000
<CASH>                                          14,057                  25,725
<SECURITIES>                                         0                       0
<RECEIVABLES>                                        0                 390,035
<ALLOWANCES>                                         0                       0
<INVENTORY>                                          0                       0
<CURRENT-ASSETS>                                67,495                 447,760
<PP&E>                                               0               1,227,760
<DEPRECIATION>                                       0                   4,219
<TOTAL-ASSETS>                                 195,336               2,374,997
<CURRENT-LIABILITIES>                           75,492                  88,287
<BONDS>                                              0                 539,976
<PREFERRED-MANDATORY>                                0                       0
<PREFERRED>                                          0                       0
<COMMON>                                     3,374,894               4,791,832
<OTHER-SE>                                 (3,382,550)             (3,705,027)
<TOTAL-LIABILITY-AND-EQUITY>                   195,336               2,374,997
<SALES>                                              0                  11,942
<TOTAL-REVENUES>                                     0                  80,447
<CGS>                                                0                   7,091
<TOTAL-COSTS>                                        0                  46,995
<OTHER-EXPENSES>                               172,917                       0
<LOSS-PROVISION>                                     0                       0
<INTEREST-EXPENSE>                                   0                       0
<INCOME-PRETAX>                                      0               (322,477)
<INCOME-TAX>                                         0                       0
<INCOME-CONTINUING>                          (172,917)               (322,477)
<DISCONTINUED>                                       0                       0
<EXTRAORDINARY>                                      0                       0
<CHANGES>                                            0                       0
<NET-INCOME>                                 (172,917)               (322,477)
<EPS-BASIC>                                     (0.12)                  (0.10)
<EPS-DILUTED>                                   (0.12)                  (0.10)