<ARTICLE>                  5
<LEGEND>

          This schedule  contains summary financial  information  extracted from
          Dynamic  Associates,  Inc. and  Subsidiaries  March 31, 1999 financial
          statements  and is  qualified  in its  entirety by  reference  to such
          financial statements

</LEGEND>

<CIK>               0000878146
<NAME>              Dynamic Associates Inc.


                                 

<PERIOD-TYPE>                          3-MOS
<FISCAL-YEAR-END>                      DEC-31-1999
<PERIOD-END>                           MAR-31-1999

<CASH>                                                   40,416
<SECURITIES>                                             0
<RECEIVABLES>                                            52,500
<ALLOWANCES>                                             0
<INVENTORY>                                              0
<CURRENT-ASSETS>                                         95,716
<PP&E>                                                   0
<DEPRECIATION>                                           0
<TOTAL-ASSETS>                                           23,135,356
<CURRENT-LIABILITIES>                                    414,705
<BONDS>                                                  8,676,500
<PREFERRED-MANDATORY>                                    0
<PREFERRED>                                              0
<COMMON>                                                 18,386
<OTHER-SE>                                               14,025,765
<TOTAL-LIABILITY-AND-EQUITY>                             23,135,356
<SALES>                                                  2,484,166
<TOTAL-REVENUES>                                         2,484,166
<CGS>                                                    0
<TOTAL-COSTS>                                            0
<OTHER-EXPENSES>                                         3,692,067
<LOSS-PROVISION>                                         0
<INTEREST-EXPENSE>                                       291,052
<INCOME-PRETAX>                                          (1,507,953)
<INCOME-TAX>                                             303,600
<INCOME-CONTINUING>                                      (1,811,553)
<DISCONTINUED>                                           0
<EXTRAORDINARY>                                          7,955,831
<CHANGES>                                                0
<NET-INCOME>                                             6,144,278
<EPS-BASIC>                                            .38
<EPS-DILUTED>                                            .38