<ARTICLE> 5 <CIK> 0001023298 <NAME> AVENUE ENTERTAINMENT GROUP, INC. <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> SEP-30-1997 <CASH> 500,302 <SECURITIES> 730,422 <RECEIVABLES> 422,224 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 5,977,945 <PP&E> 264,517 <DEPRECIATION> 150,910 <TOTAL-ASSETS> 5,977,945 <CURRENT-LIABILITIES> 1,395,528 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 38,478 <OTHER-SE> 4,985,802 <TOTAL-LIABILITY-AND-EQUITY> 4,582,417 <SALES> 2,242,362 <TOTAL-REVENUES> 2,242,362 <CGS> 1,177,518 <TOTAL-COSTS> 3,116,015 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 40,681 <INCOME-PRETAX> (873,653) <INCOME-TAX> 172,367 <INCOME-CONTINUING> (701,286) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (701,286) <EPS-PRIMARY> (.19) <EPS-DILUTED> 0