<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FIRST
NATIONAL ENTERTAINMENT CORP'S., BALANCE SHEET AT SEPTEMBER 30, 1997 AND
STATEMENTS OF OPERATIONS FOR THREE MONTHS ENDED SEPTEMBER 30, 1997.
</LEGEND>
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          JUN-30-1998
<PERIOD-END>                               SEP-30-1997
<CASH>                                         232,915
<SECURITIES>                                         0
<RECEIVABLES>                                2,336,088
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                             3,073,884
<PP&E>                                          50,146
<DEPRECIATION>                                     885
<TOTAL-ASSETS>                               4,716,065
<CURRENT-LIABILITIES>                        1,111,177
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                        186
<COMMON>                                       528,842
<OTHER-SE>                                           0
<TOTAL-LIABILITY-AND-EQUITY>                 4,716,065
<SALES>                                              0
<TOTAL-REVENUES>                               142,188
<CGS>                                                0
<TOTAL-COSTS>                                   78,371
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                                      0
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    63,817
<EPS-PRIMARY>                                     0.00
<EPS-DILUTED>                                     0.00