<ARTICLE> 5 <CIK> 0000872588 <NAME> Las Vegas Entertainment Network Inc. <PERIOD-TYPE> 3-Mos <FISCAL-YEAR-END> Oct-31-1998 <PERIOD-END> Jan-31-1998 <CASH> 1,125,224 <SECURITIES> 1,133,647 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 2,258,871 <PP&E> 334,331 <DEPRECIATION> 208,538 <TOTAL-ASSETS> 8,738,626 <CURRENT-LIABILITIES> 1,522,535 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 1,000 <COMMON> 34,895 <OTHER-SE> 47,445,080 <TOTAL-LIABILITY-AND-EQUITY> 8,738,626 <SALES> 0 <TOTAL-REVENUES> 0 <CGS> 0 <TOTAL-COSTS> 774,491 <OTHER-EXPENSES> 9,251 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 19,520 <INCOME-PRETAX> (720,702) <INCOME-TAX> 0 <INCOME-CONTINUING> (720,702) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (720,702) <EPS-PRIMARY> ($.02) <EPS-DILUTED> ($.02)