<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM FINANCIAL
STATEMENTS OF IAC, INC. FOR THE PERIOD ENDED MARCH 31, 1996 AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>

       
                                                  
<PERIOD-TYPE>                   3-MOS                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1996             DEC-31-1995
<PERIOD-END>                               MAR-31-1996             MAR-31-1995
<CASH>                                          33,752                  87,021
<SECURITIES>                                    10,000                  10,000
<RECEIVABLES>                                   28,202                       0
<ALLOWANCES>                                         0                       0
<INVENTORY>                                          0                       0
<CURRENT-ASSETS>                                61,954                  87,021
<PP&E>                                               0                       0
<DEPRECIATION>                                       0                       0
<TOTAL-ASSETS>                                  74,643                 100,610 
<CURRENT-LIABILITIES>                            5,424                  13,116 
<BONDS>                                              0                       0
<PREFERRED-MANDATORY>                                0                       0
<PREFERRED>                                      2,500                   2,500
<COMMON>                                         3,694                   3,653 
<OTHER-SE>                                     284,204                 174,071
<TOTAL-LIABILITY-AND-EQUITY>                    74,643                 100,610 
<SALES>                                         30,655                  44,183
<TOTAL-REVENUES>                                30,655                  44,183
<CGS>                                                0                       0
<TOTAL-COSTS>                                   35,067                  50,657
<OTHER-EXPENSES>                                     0                       0
<LOSS-PROVISION>                                     0                       0
<INTEREST-EXPENSE>                                   0                       0
<INCOME-PRETAX>                                      0                       0
<INCOME-TAX>                                       800                     800
<INCOME-CONTINUING>                                  0                       0
<DISCONTINUED>                                       0                       0
<EXTRAORDINARY>                                      0                       0
<CHANGES>                                            0                       0
<NET-INCOME>                                   (5,212)                 (7,274)
<EPS-PRIMARY>                                     0.00                    0.00
<EPS-DILUTED>                                     0.00                    0.00