<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