<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
UNAUDITED FINANCIAL STATEMENTS OF BERTHEL FISHER & COMPANY LEASING, INC. AS OF
SEPTEMBER 30, 2000, AND THE NINE MONTHS ENDED SEPTEMBER 30, 2000, AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>

                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-2000
<PERIOD-START>                             JAN-01-2000
<PERIOD-END>                               SEP-30-2000
<CASH>                                         318,703
<SECURITIES>                                 1,481,128
<RECEIVABLES>                                3,732,833
<ALLOWANCES>                                 (406,990)
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                         310,410
<DEPRECIATION>                               (179,489)
<TOTAL-ASSETS>                               5,343,742
<CURRENT-LIABILITIES>                          311,816
<BONDS>                                      5,392,422
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                  1,621,422
<COMMON>                                       884,705
<OTHER-SE>                                  (2,866,623)
<TOTAL-LIABILITY-AND-EQUITY>                 5,343,742
<SALES>                                              0
<TOTAL-REVENUES>                             1,200,082
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                               854,287
<LOSS-PROVISION>                                46,598
<INTEREST-EXPENSE>                             383,345
<INCOME-PRETAX>                               (84,148)
<INCOME-TAX>                                   228,865
<INCOME-CONTINUING>                          (313,013)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 (313,013)
<EPS-BASIC>                                      (.92)
<EPS-DILUTED>                                    (.92)