<ARTICLE>                     5
<LEGEND>
   This schedule contains summary financial information extracted from the
unaudited financial statements
for the six months ended September 30, 1998 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-31-1999
<PERIOD-START>                                              Apr-01-1998
<PERIOD-END>                                                Sep-30-1998
<EXCHANGE-RATE>                  1
<CASH>                                                        289,192
<SECURITIES>                                                  0
<RECEIVABLES>                                                 704
<ALLOWANCES>                                                  0
<INVENTORY>                                                   0
<CURRENT-ASSETS>                                              290,036
<PP&E>                                                        0
<DEPRECIATION>                                                0
<TOTAL-ASSETS>                                                290,036
<CURRENT-LIABILITIES>                                         0
<BONDS>                                                       0
<PREFERRED-MANDATORY>                                         0
<PREFERRED>                                                   0
<COMMON>                                                      43,600
<OTHER-SE>                                                    245,996
<TOTAL-LIABILITY-AND-EQUITY>                                  290,036
<SALES>                                                       0
<TOTAL-REVENUES>                                              7,915
<CGS>                                                         0
<TOTAL-COSTS>                                                 0
<OTHER-EXPENSES>                                              6,820
<LOSS-PROVISION>                                              0
<INTEREST-EXPENSE>                                            0
<INCOME-PRETAX>                                               1095
<INCOME-TAX>                                                  0
<INCOME-CONTINUING>                                           0
<DISCONTINUED>                                                  0
<EXTRAORDINARY>                                                 0
<CHANGES>                                                       0
<NET-INCOME>                                                  1095
<EPS-PRIMARY>                                                .03
<EPS-DILUTED>                                                .03