<ARTICLE>                     5
<LEGEND>
This schedule  contains summary  financial  information  extracted from Equidyne
Corporation's Form 10-QSB for the period ended October 31, 2000 and is qualified
in its entirety by reference to such financial statements.
</LEGEND>
<MULTIPLIER>                                   1,000

                             
<PERIOD-TYPE>                   3-mos
<FISCAL-YEAR-END>                              JUL-31-2001
<PERIOD-END>                                   OCT-31-2000
<CASH>                                         38,450
<SECURITIES>                                    7,864
<RECEIVABLES>                                     124
<ALLOWANCES>                                        0
<INVENTORY>                                     1,182
<CURRENT-ASSETS>                                  638
<PP&E>                                          1,435
<DEPRECIATION>                                    399
<TOTAL-ASSETS>                                 54,178
<CURRENT-LIABILITIES>                          16,486
<BONDS>                                             0
<PREFERRED-MANDATORY>                               0
<PREFERRED>                                         0
<COMMON>                                        1,632
<OTHER-SE>                                     36,060
<TOTAL-LIABILITY-AND-EQUITY>                   54,178
<SALES>                                             4
<TOTAL-REVENUES>                                    4
<CGS>                                               2
<TOTAL-COSTS>                                       2
<OTHER-EXPENSES>                                3,656
<LOSS-PROVISION>                                    0
<INTEREST-EXPENSE>                                (94)
<INCOME-PRETAX>                                36,703
<INCOME-TAX>                                   14,100
<INCOME-CONTINUING>                            22,603
<DISCONTINUED>                                      0
<EXTRAORDINARY>                                     0
<CHANGES>                                           0
<NET-INCOME>                                   22,603
<EPS-BASIC>                                      1.39
<EPS-DILUTED>                                    1.27