WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE. <ARTICLE> 5 <CIK> 0000868796 <NAME> Lancit Media Productions, Ltd. <MULTIPLIER> 1 <CURRENCY> U.S. Dollars <PERIOD-TYPE> 12-Mos <FISCAL-YEAR-END> Jun-30-1996 <PERIOD-END> Jun-30-1996 <CASH> 3,358,230 <SECURITIES> 0 <RECEIVABLES> 4,061,511 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 11,836,944 <PP&E> 832,606 <DEPRECIATION> 0 <TOTAL-ASSETS> 14,388,166 <CURRENT-LIABILITIES> 3,583,428 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 6,188 <OTHER-SE> 9,277,320 <TOTAL-LIABILITY-AND-EQUITY> 14,388,166 <SALES> 0 <TOTAL-REVENUES> 9,061,213 <CGS> 0 <TOTAL-COSTS> 7,756,365 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (3,507,053) <INCOME-TAX> 87,900 <INCOME-CONTINUING> (3,700,713) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (3,700,713) <EPS-PRIMARY> (0.60) <EPS-DILUTED> (0.60)