<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from the
unaudited financial statements of Berthel Fisher & Company Leasing, Inc. as of
March 31, 2000, and the three months ended March 31, 2000, and is qualified in
its entirety by reference to such financial statements.
</LEGEND>

                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-2000
<PERIOD-START>                             JAN-01-2000
<PERIOD-END>                               MAR-31-2000
<CASH>                                         237,305
<SECURITIES>                                 1,072,272
<RECEIVABLES>                                4,910,219
<ALLOWANCES>                                 (499,929)
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                         446,525
<DEPRECIATION>                               (266,175)
<TOTAL-ASSETS>                               6,253,492
<CURRENT-LIABILITIES>                          382,488
<BONDS>                                      5,732,889
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                  1,621,422
<COMMON>                                       884,705
<OTHER-SE>                                 (2,368,012)
<TOTAL-LIABILITY-AND-EQUITY>                 6,253,492
<SALES>                                              0
<TOTAL-REVENUES>                               361,575
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                               310,893
<LOSS-PROVISION>                                 9,405
<INTEREST-EXPENSE>                             129,523
<INCOME-PRETAX>                               (88,246)
<INCOME-TAX>                                  (30,858)
<INCOME-CONTINUING>                           (57,388)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                  (57,388)
<EPS-BASIC>                                      (.20)
<EPS-DILUTED>                                    (.20)