<ARTICLE> 5 <CIK> 0000868796 <NAME> Lancit Media Entertainment, Ltd. <MULTIPLIER> 1 <CURRENCY> U.S. Dollars <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> JUN-30-1998 <PERIOD-START> JUL-01-1997 <PERIOD-END> SEP-30-1997 <EXCHANGE-RATE> 1 <CASH> 3,887,565 <SECURITIES> 0 <RECEIVABLES> 1,270,317 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 6,977,291 <PP&E> 446,918 <DEPRECIATION> 0 <TOTAL-ASSETS> 7,945,261 <CURRENT-LIABILITIES> 4,558,572 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 6,635 <OTHER-SE> 2,892,366 <TOTAL-LIABILITY-AND-EQUITY> 7,945,261 <SALES> 0 <TOTAL-REVENUES> 454,137 <CGS> 0 <TOTAL-COSTS> 1,815,775 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (1,320,615) <INCOME-TAX> 0 <INCOME-CONTINUING> (1,331,181) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (1,331,181) <EPS-PRIMARY> (0.20) <EPS-DILUTED> (0.20)