<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from the balance sheet and statement of operations dated December 31, 1998 and is qualified in its entirety by reference to such financial statements. </LEGEND> <CIK> 0000882362 <NAME> PARACELSIAN, INC. <MULTIPLIER> 1 <CURRENCY> USD <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> SEP-30-1999 <PERIOD-START> OCT-01-1998 <PERIOD-END> DEC-31-1998 <EXCHANGE-RATE> 1 <CASH> 189,024 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 171,689 <CURRENT-ASSETS> 416,936 <PP&E> 248,794 <DEPRECIATION> 15,930 <TOTAL-ASSETS> 1,399,445 <CURRENT-LIABILITIES> 285,756 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 187,150 <OTHER-SE> 893,653 <TOTAL-LIABILITY-AND-EQUITY> 1,399,445 <SALES> 11,965 <TOTAL-REVENUES> 11,965 <CGS> 0 <TOTAL-COSTS> 515,060 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (503,095) <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (503,095) <EPS-PRIMARY> (.03) <EPS-DILUTED> (.03)