<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from this statement of operations dated December 31,1997 and is qualified in this entirety by refrerence to such 10-Q. </LEGEND> <CIK> 0000882362 <NAME> PARACELSIAN, INC. <MULTIPLIER> 1 <CURRENCY> USD <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> SEP-30-1998 <PERIOD-START> OCT-01-1997 <PERIOD-END> DEC-31-1997 <EXCHANGE-RATE> 1 <CASH> 441,025 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 171,689 <CURRENT-ASSETS> 838,151 <PP&E> 289,149 <DEPRECIATION> 15,930 <TOTAL-ASSETS> 2,123,088 <CURRENT-LIABILITIES> 281,961 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 120,045 <OTHER-SE> 1,841,127 <TOTAL-LIABILITY-AND-EQUITY> 2,123,088 <SALES> 21,920 <TOTAL-REVENUES> 21,920 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 440,772 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (399,721) <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (399,721) <EPS-PRIMARY> 0 <EPS-DILUTED> 0