<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED BALANCE SHEET AND STATEMENT OF OPERATIONS FOR THE THREE MONTHS
ENDED NOVEMBER 30, 1996 FOR CREATIVE PROGRAMMING AND TECHNOLOGY VENTURES, INC.
AND SUBSIDIARIES AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
       
                                           
<PERIOD-TYPE>                               3-MOS
<FISCAL-YEAR-END>                          AUG-31-1996
<PERIOD-END>                               NOV-30-1996
<CASH>                                       5,534,497
<SECURITIES>                                   295,365
<RECEIVABLES>                                  105,948
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                             5,949,499
<PP&E>                                          19,761
<DEPRECIATION>                                  10,042
<TOTAL-ASSETS>                               6,675,530
<CURRENT-LIABILITIES>                          205,152
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                     10,000
<COMMON>                                        32,101
<OTHER-SE>                                   6,428,277
<TOTAL-LIABILITY-AND-EQUITY>                 6,675,530
<SALES>                                              0
<TOTAL-REVENUES>                                     0
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                               235,429
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              18,647
<INCOME-PRETAX>                              4,316,363
<INCOME-TAX>                                    43,000
<INCOME-CONTINUING>                          4,273,363
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 4,273,363
<EPS-PRIMARY>                                     1.33
<EPS-DILUTED>                                     1.33