<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> Dec-31-1997 <EXCHANGE-RATE> 1.000 <CASH> 3,219,462 <SECURITIES> 0 <RECEIVABLES> 681,791 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 5,837,322 <PP&E> 378,627 <DEPRECIATION> 0 <TOTAL-ASSETS> 6,692,888 <CURRENT-LIABILITIES> 4,774,906 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 6,635 <OTHER-SE> 1,587,793 <TOTAL-LIABILITY-AND-EQUITY> 6,692,888 <SALES> 0 <TOTAL-REVENUES> 378,383 <CGS> 0 <TOTAL-COSTS> 1,691,222 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (1,304,572) <INCOME-TAX> 0 <INCOME-CONTINUING> (1,304,572) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (1,304,572) <EPS-PRIMARY> (.20) <EPS-DILUTED> (.20)