<ARTICLE> 5 <CIK> 0000868796 <NAME> Lancit Media Entertainment, Ltd. <CURRENCY> U.S. Dollars <PERIOD-TYPE> 6-Mos <FISCAL-YEAR-END> Jun-30-1997 <PERIOD-START> Jul-1-1996 <PERIOD-END> Dec-31-1996 <EXCHANGE-RATE> 1.000 <CASH> 6,713,359 <SECURITIES> 0 <RECEIVABLES> 2,986,122 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 15,364,592 <PP&E> 651,601 <DEPRECIATION> 0 <TOTAL-ASSETS> 17,235,501 <CURRENT-LIABILITIES> 3,474,479 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 6,627 <OTHER-SE> 12,509,972 <TOTAL-LIABILITY-AND-EQUITY> 17,235,501 <SALES> 0 <TOTAL-REVENUES> 1,389,883 <CGS> 0 <TOTAL-COSTS> 1,419,239 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (1,416,313) <INCOME-TAX> 0 <INCOME-CONTINUING> (1,467,914) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (1,467,914) <EPS-PRIMARY> (0.23) <EPS-DILUTED> (0.23)