<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM AVIC GROUP INTERNATIONAL, INC.'S FORM 10-QSB ENDING JUNE 30, 1997. IT IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> MAR-31-1998 <PERIOD-START> APR-01-1997 <PERIOD-END> JUN-30-1997 <CASH> 9,239,820 <SECURITIES> 0 <RECEIVABLES> 359,501 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 9,744,583 <PP&E> 145,262 <DEPRECIATION> 36,586 <TOTAL-ASSETS> 33,638,037 <CURRENT-LIABILITIES> 3,599,171 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 1,526 <COMMON> 31,312 <OTHER-SE> 1,588,975 <TOTAL-LIABILITY-AND-EQUITY> 33,638,037 <SALES> 0 <TOTAL-REVENUES> 0 <CGS> 0 <TOTAL-COSTS> 2,369,632 <OTHER-EXPENSES> 21,017 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (1,700,227) <INCOME-TAX> 0 <INCOME-CONTINUING> (1,700,227) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (1,700,227) <EPS-PRIMARY> (0.05) <EPS-DILUTED> 0.00