<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from the consolidated balance sheet and the consolidated statement of operations and is qualified in its entirety by reference to these statements. </LEGEND> <CIK> 0000847420 <NAME> Diamond Entertainment Corp. <MULTIPLIER> 1 <CURRENCY> US DOLLARS <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> MAR-31-1999 <PERIOD-END> SEP-30-1999 <EXCHANGE-RATE> 1 <CASH> 9 <SECURITIES> 0 <RECEIVABLES> 1,174,970 <ALLOWANCES> 227,278 <INVENTORY> 1,922,286 <CURRENT-ASSETS> 3,040,915 <PP&E> 1,147,185 <DEPRECIATION> 813,345 <TOTAL-ASSETS> 3,609,774 <CURRENT-LIABILITIES> 5,514,190 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 376,593 <COMMON> 12,212,723 <OTHER-SE> (14,553,765) <TOTAL-LIABILITY-AND-EQUITY> 3,609,774 <SALES> 1,673,111 <TOTAL-REVENUES> 1,673,111 <CGS> 1,160,414 <TOTAL-COSTS> 1,562,037 <OTHER-EXPENSES> (7,703) <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 307,010 <INCOME-PRETAX> (1,348,647) <INCOME-TAX> 0 <INCOME-CONTINUING> (1,348,647) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (1,348,647) <EPS-BASIC> (0.02) <EPS-DILUTED> (0.02)