<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THIRD QUARTER ENDED JANUARY 31, 1998 SYNTHETIC BLOOD INTERNATIONAL, INC. </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> APR-30-1998 <PERIOD-START> MAY-01-1997 <PERIOD-END> JAN-31-1998 <CASH> 2,862 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 26,711 <PP&E> 303,518 <DEPRECIATION> 201,301 <TOTAL-ASSETS> 249,779 <CURRENT-LIABILITIES> 698,298 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 464,809 <OTHER-SE> (913,328) <TOTAL-LIABILITY-AND-EQUITY> 249,779 <SALES> 0 <TOTAL-REVENUES> 1,176 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 743,453 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 3,731 <INCOME-PRETAX> (742,277) <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (742,277) <EPS-PRIMARY> (0.02) <EPS-DILUTED> (0.02)