<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
ACCOMPANYING FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000846899
<NAME> GRACE DEVELOPMENT, INC.

                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-2000
<PERIOD-END>                               MAR-31-2000
<CASH>                                         100,063
<SECURITIES>                                 3,700,000
<RECEIVABLES>                                  787,365
<ALLOWANCES>                                   (88,756)
<INVENTORY>                                     68,126
<CURRENT-ASSETS>                             4,852,142
<PP&E>                                       7,930,399
<DEPRECIATION>                                (543,178)
<TOTAL-ASSETS>                              18,724,952
<CURRENT-LIABILITIES>                       10,955,955
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                     8,970,517
<OTHER-SE>                                 (5,870,315)
<TOTAL-LIABILITY-AND-EQUITY>                18,724,952
<SALES>                                        626,061
<TOTAL-REVENUES>                               626,061
<CGS>                                          516,119
<TOTAL-COSTS>                                3,199,981
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                             223,101
<INCOME-PRETAX>                            (2,754,482)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                        (2,754,482)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                               (2,754,482)
<EPS-BASIC>                                      (0.5)
<EPS-DILUTED>                                    (0.5)