<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)