<ARTICLE> 5 <LEGEND> THE SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM THE CONSOLIDATED STATEMENT OF EARNINGS FOR THE SIX MONTHS ENDED JUNE 30, 2000 AND THE CONSOLIDATED BALANCE SHEET AT JUNE 30, 2000 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <CIK> 0000883975 <NAME> STEMCELLS, INC. <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-2000 <PERIOD-END> JUN-30-2000 <CASH> 5,535,264 <SECURITIES> 19,220,165 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 918,145 <PP&E> 5,028,141 <DEPRECIATION> 0 <TOTAL-ASSETS> 32,388,460 <CURRENT-LIABILITIES> 1,385,611 <BONDS> 2,775,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 1,500,000 <COMMON> 195,308 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 32,388,460 <SALES> 0 <TOTAL-REVENUES> 0 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 3,738,218 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> (142,566) <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (2,325,964) <EPS-BASIC> (0.03) <EPS-DILUTED> (0.00)