<ARTICLE> 5
<LEGEND>
This Schedule contains summary financial information extracted from the
consolidated balance sheet and statement of operations for the six months ended
February 28, 1997 for Creative Programming and Technology Ventures, Inc. and
Subsidiaries.
</LEGEND>
       
                                         
<PERIOD-TYPE>                               6-MOS
<FISCAL-YEAR-END>                          AUG-31-1996
<PERIOD-END>                               FEB-28-1997
<CASH>                                       5,572,197
<SECURITIES>                                    14,365
<RECEIVABLES>                                   71,564
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                             5,693,481
<PP&E>                                          19,761
<DEPRECIATION>                                  11,080
<TOTAL-ASSETS>                               6,410,648
<CURRENT-LIABILITIES>                          100,935
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                     10,000
<COMMON>                                        31,314
<OTHER-SE>                                   6,268,399
<TOTAL-LIABILITY-AND-EQUITY>                 6,309,713
<SALES>                                              0
<TOTAL-REVENUES>                                     0
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                               391,371
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              18,647
<INCOME-PRETAX>                              4,239,227
<INCOME-TAX>                                    41,000
<INCOME-CONTINUING>                          4,198,227
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 4,198,227
<EPS-PRIMARY>                                     1.31
<EPS-DILUTED>                                     1.31