<ARTICLE>                     5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED
FROM THE STATEMENTS FOR THE SIX MONTHS ENDED SEPTEMBER 30, 1997 AND
AS OF MARCH 31, 1997 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO
SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK>                     0000904147
<NAME> EMERGING ALPHA CORPORATION
<MULTIPLIER>                    1
<CURRENCY>                      US dollars
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                              Mar-31-1998
<PERIOD-START>                                 Jun-01-1997
<PERIOD-END>                                   Sep-30-1997
<EXCHANGE-RATE>                                1
<CASH>                                         286,773
<SECURITIES>                                   0
<RECEIVABLES>                                  866
<ALLOWANCES>                                   0
<INVENTORY>                                    0
<CURRENT-ASSETS>                               287,639
<PP&E>                                         0
<DEPRECIATION>                                 0
<TOTAL-ASSETS>                                 288,059
<CURRENT-LIABILITIES>                          0
<BONDS>                                        0
<PREFERRED-MANDATORY>                          0
<PREFERRED>                                    0
<COMMON>                                       43,600
<OTHER-SE>                                     244,459
<TOTAL-LIABILITY-AND-EQUITY>                   288,059
<SALES>                                        0
<TOTAL-REVENUES>                               8,051
<CGS>                                          0
<TOTAL-COSTS>                                  6,804
<OTHER-EXPENSES>                               0
<LOSS-PROVISION>                               0
<INTEREST-EXPENSE>                             0
<INCOME-PRETAX>                                1,247
<INCOME-TAX>                                   0
<INCOME-CONTINUING>                            1,247
<DISCONTINUED>                                 0
<EXTRAORDINARY>                                0
<CHANGES>                                      0
<NET-INCOME>                                   1,247
<EPS-PRIMARY>                                  .03
<EPS-DILUTED>                                  .03