<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE STATEMENTS FOR THE NINE MONTHS ENDED DECEMBER 31, 1997 AND AS OF DECEMBER 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> 9-MOS <FISCAL-YEAR-END> Mar-31-1998 <PERIOD-START> Oct-01-1997 <PERIOD-END> Dec-31-1997 <EXCHANGE-RATE> 1 <CASH> 288,617 <SECURITIES> 0 <RECEIVABLES> 90 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 288,707 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 289,057 <CURRENT-LIABILITIES> 0 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 43,600 <OTHER-SE> 245,457 <TOTAL-LIABILITY-AND-EQUITY> 289,057 <SALES> 0 <TOTAL-REVENUES> 12,081 <CGS> 0 <TOTAL-COSTS> 9,836 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 2,245 <INCOME-TAX> 0 <INCOME-CONTINUING> 2,245 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2,245 <EPS-PRIMARY> .05 <EPS-DILUTED> .05