<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)