WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

  

<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM SPECTRUM
INFORMATION TECHNOLOGIES, INC. AND SUBSIDIARIES (DEBTORS IN POSSESSION)
UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          MAR-31-1996
<PERIOD-END>                               SEP-30-1995
<CASH>                                           3,550
<SECURITIES>                                       905
<RECEIVABLES>                                    6,870
<ALLOWANCES>                                         0
<INVENTORY>                                         59
<CURRENT-ASSETS>                                16,762
<PP&E>                                           1,345
<DEPRECIATION>                                     940
<TOTAL-ASSETS>                                  12,702
<CURRENT-LIABILITIES>                            8,197
<BONDS>                                              0
<COMMON>                                            77
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                         283
<TOTAL-LIABILITY-AND-EQUITY>                    12,702
<SALES>                                            320
<TOTAL-REVENUES>                                 1,699
<CGS>                                              191
<TOTAL-COSTS>                                    3,738
<NET-OTHER-INCOME>                               1,722
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                                  1,160
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                            (2,095)
<DISCONTINUED>                                   3,255
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     1,160
<EPS-PRIMARY>                                      .02
<EPS-DILUTED>                                      .02