<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> 4-MOS <FISCAL-YEAR-END> JUL-31-1996 <PERIOD-END> MAR-31-1997 <CASH> 10,929 <SECURITIES> 789 <RECEIVABLES> 825 <ALLOWANCES> 80 <INVENTORY> 0 <CURRENT-ASSETS> 12,954 <PP&E> 471 <DEPRECIATION> 255 <TOTAL-ASSETS> 13,521 <CURRENT-LIABILITIES> 3,488 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 77 <OTHER-SE> 1,171 <TOTAL-LIABILITY-AND-EQUITY> 13,521 <SALES> 0 <TOTAL-REVENUES> 0 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 0 <EPS-PRIMARY> 0 <EPS-DILUTED> 0