<ARTICLE>                     5
<LEGEND>
     THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION
     EXTRACTED FROM THE EURO TRADE & FORFAITING, INC.
     FINANCIAL STATEMENTS FOR THE PERIOD ENDED JUNE 30,
     1999 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
     TO SUCH FINANCIAL STATEMENTS.
</LEGEND>

                             
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                              JUN-30-1999
<PERIOD-START>                                 JUL-01-1998
<PERIOD-END>                                   JUN-30-1999
<CASH>                                                9927
<SECURITIES>                                          1100
<RECEIVABLES>                                         1337
<ALLOWANCES>                                             0
<INVENTORY>                                              0
<CURRENT-ASSETS>                                     42775
<PP&E>                                                 136
<DEPRECIATION>                                          81
<TOTAL-ASSETS>                                       42830
<CURRENT-LIABILITIES>                                18500
<BONDS>                                                 24
<PREFERRED-MANDATORY>                                    0
<PREFERRED>                                              0
<COMMON>                                                17
<OTHER-SE>                                           25264
<TOTAL-LIABILITY-AND-EQUITY>                         42830
<SALES>                                                  0
<TOTAL-REVENUES>                                      7744
<CGS>                                                  733
<TOTAL-COSTS>                                         2897
<OTHER-EXPENSES>                                         0
<LOSS-PROVISION>                                         0
<INTEREST-EXPENSE>                                     733
<INCOME-PRETAX>                                       4114
<INCOME-TAX>                                             0
<INCOME-CONTINUING>                                   4114
<DISCONTINUED>                                           0
<EXTRAORDINARY>                                          0
<CHANGES>                                                0
<NET-INCOME>                                          4114
<EPS-BASIC>                                          .28
<EPS-DILUTED>                                          .28