<ARTICLE>                       5
<LEGEND>
THIS  SCHEDULE  CONTAINS  SUMMARY  FINANCIAL   INFORMATION  EXTRACTED  FROM  THE
CONDENSED CONSOLIDATED BALANCE SHEET AT MARCH 31, 1998 AND THE RELATED CONDENSED
CONSOLIDATED  STATEMENTS OF OPERATIONS AND CASH FLOWS FOR THE THREE MONTHS ENDED
MARCH 31, 1998 OF STRATFORD  AMERICAN  CORPORATION AND ITS  SUBSIDIARIES  AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<RESTATED>
<MULTIPLIER>  1
<CURRENCY>    U.S. DOLLARS
       
                                      
<PERIOD-TYPE>                             3-MOS
<FISCAL-YEAR-END>                         DEC-31-1998
<PERIOD-START>                            JAN-01-1998
<PERIOD-END>                              MAR-31-1998
<EXCHANGE-RATE>                                     1
<CASH>                                        528,000
<SECURITIES>                                        0
<RECEIVABLES>                                  91,000
<ALLOWANCES>                                    2,000
<INVENTORY>                                         0
<CURRENT-ASSETS>                              546,000
<PP&E>                                        104,000
<DEPRECIATION>                                 42,000
<TOTAL-ASSETS>                                736,000
<CURRENT-LIABILITIES>                         146,000
<BONDS>                                             0
<COMMON>                                       59,000
<PREFERRED-MANDATORY>                               0
<PREFERRED>                                         0
<OTHER-SE>                                   (983,000)
<TOTAL-LIABILITY-AND-EQUITY>                  736,000
<SALES>                                         2,000
<TOTAL-REVENUES>                               22,000
<CGS>                                               0
<TOTAL-COSTS>                                   4,000
<OTHER-EXPENSES>                                    0
<LOSS-PROVISION>                                    0
<INTEREST-EXPENSE>                              9,000
<INCOME-PRETAX>                                 9,000
<INCOME-TAX>                                        0
<INCOME-CONTINUING>                             9,000
<DISCONTINUED>                                869,000
<EXTRAORDINARY>                                     0
<CHANGES>                                           0
<NET-INCOME>                                  878,000
<EPS-PRIMARY>                                    0.15
<EPS-DILUTED>                                    0.15
        
<FN>
EPS - Primary and EPS - Diluted have been restated to reflect the fifteen - to -
one reverse  stock split  effective  July 20,  1998.  Certain  amounts have been
restated to reflect the  subsequent  sale of the  vehicle  rental  business as a
discontinued operation.
</FN>