WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
EXHIBIT 27
Exhibit Number Document
27 Financial Data Schedule
<ARTICLE> 5
<LEGEND>
This schedule contains financial information extracted from the
consolidated balance sheet and the consolidated statement of income
filed as part of the report on Form 10-QSB and is qualified in its
entirety by reference to such report on Form 10-QSB.
</LEGEND>
<CIK> 0000915127
<NAME> PHC, Inc.
<MULTIPLIER> 1
<CURRENCY> US
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1999
<PERIOD-START> JUL-1-1998
<PERIOD-END> DEC-31-1998
<EXCHANGE-RATE> 1.000
<CASH> 512,801
<SECURITIES> 0
<RECEIVABLES> 10,085,625
<ALLOWANCES> 3,505,310
<INVENTORY> 0
<CURRENT-ASSETS> 8,348,853
<PP&E> 3,022,479
<DEPRECIATION> 925,664
<TOTAL-ASSETS> 16,767,973
<CURRENT-LIABILITIES> 8,880,381
<BONDS> 0
<PREFERRED-MANDATORY> 0
<PREFERRED> 9
<COMMON> 60,754
<OTHER-SE> 4,690,401
<TOTAL-LIABILITY-AND-EQUITY> 16,767,973
<SALES> 0
<TOTAL-REVENUES> 9,661,645
<CGS> 0
<TOTAL-COSTS> 10,182,669
<OTHER-EXPENSES> 628,696
<LOSS-PROVISION> 1,144,320
<INTEREST-EXPENSE> 628,696
<INCOME-PRETAX> (872,052)
<INCOME-TAX> 911
<INCOME-CONTINUING> (872,963)
<DISCONTINUED> 0
<EXTRAORDINARY> 1,089,076
<CHANGES> 0
<NET-INCOME> 216,113
<EPS-PRIMARY> .04
<EPS-DILUTED> .02