<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FINANCIAL STATEMENTS OF EQUITY GROWTH SYSTEMS, INC. FOR THE THREE MONTHS ENDED
MARCH 31, 1996, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<MULTIPLIER> 1
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               MAR-31-1996
<CASH>                                           2,210
<SECURITIES>                                         0
<RECEIVABLES>                                2,540,025
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                             2,542,235
<PP&E>                                               0
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                               2,542,235
<CURRENT-LIABILITIES>                          623,490
<BONDS>                                     12,339,723
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                        28,221
<OTHER-SE>                                     514,801
<TOTAL-LIABILITY-AND-EQUITY>                 2,542,235
<SALES>                                         56,476
<TOTAL-REVENUES>                                56,476
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                                 9,041
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              49,571
<INCOME-PRETAX>                                 (2,136)
<INCOME-TAX>                                         0  
<INCOME-CONTINUING>                             (2,136)     
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    (2,136)
<EPS-PRIMARY>                                      .00
<EPS-DILUTED>                                      .00