<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE STATEMENTS FOR THE THREE AND SIX MONTHS ENDED SEPTEMBER 30, 1996 AND AS OF SEPTEMBER 30, 1996 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <CIK> 0000904147 <NAME> EMERGING ALPHA CORPORATION <MULTIPLIER> 1 <CURRENCY> US dollars <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> Mar-31-1997 <PERIOD-START> Jul-01-1996 <PERIOD-END> Sep-30-1996 <EXCHANGE-RATE> 1 <CASH> 288,310 <SECURITIES> 0 <RECEIVABLES> 178 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 288,488 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 289,188 <CURRENT-LIABILITIES> 0 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 43,600 <OTHER-SE> 245,588 <TOTAL-LIABILITY-AND-EQUITY> 289,188 <SALES> 0 <TOTAL-REVENUES> 7,747 <CGS> 0 <TOTAL-COSTS> 10,535 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (2,803) <INCOME-TAX> 0 <INCOME-CONTINUING> (2,803) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (2,803) <EPS-PRIMARY> (.06) <EPS-DILUTED> (.06)