<ARTICLE>                     5
<LEGEND>
                              This schedule contains summary financial
                              information extracted from SEC Form 10-Q and is
                              qualified in its entirety by reference to such
                              financial statements.
</LEGEND> 
<CIK>                         0001001540                    
<NAME>                        Lexington Global Asset Managers, Inc.
<MULTIPLIER>                  1
<CURRENCY>                    U.S Dollar
       
                             
<PERIOD-TYPE>                 3-MOS
<FISCAL-YEAR-END>             Dec-31-1998
<PERIOD-START>                Jan-01-1998
<PERIOD-END>                  Mar-31-1998
<EXCHANGE-RATE>               1
<CASH>                        7,627,642
<SECURITIES>                  1,623,476
<RECEIVABLES>                 2,244,358 
<ALLOWANCES>                  0         
<INVENTORY>                   0         
<CURRENT-ASSETS>              11,661,212 
<PP&E>                        1,343,546  
<DEPRECIATION>                78,820     
<TOTAL-ASSETS>                16,903,428 
<CURRENT-LIABILITIES>         3,303,451  
<BONDS>                       0          
<PREFERRED-MANDATORY>         0          
<PREFERRED>                   0          
<COMMON>                      54,879     
<OTHER-SE>                    10,418,490  
<TOTAL-LIABILITY-AND-EQUITY>  16,903,428  
<SALES>                       0           
<TOTAL-REVENUES>              4,619,696   
<CGS>                         0           
<TOTAL-COSTS>                 0           
<OTHER-EXPENSES>              0           
<LOSS-PROVISION>              0           
<INTEREST-EXPENSE>            0           
<INCOME-PRETAX>               413,687     
<INCOME-TAX>                  181,100     
<INCOME-CONTINUING>           232,587     
<DISCONTINUED>                0           
<EXTRAORDINARY>               0           
<CHANGES>                     0           
<NET-INCOME>                  232,587     
<EPS-PRIMARY>                 .04         
<EPS-DILUTED>                 .04