<ARTICLE> 5 <CIK> 0001023298 <NAME> AVENUE ENTERTAINMENT GROUP, INC. <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> JUN-30-1998 <CASH> 457,677 <SECURITIES> 534,628 <RECEIVABLES> 156,779 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 5,324,152 <PP&E> 267,479 <DEPRECIATION> 174,653 <TOTAL-ASSETS> 5,324,152 <CURRENT-LIABILITIES> 1,150,026 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 41,088 <OTHER-SE> 4,133,038 <TOTAL-LIABILITY-AND-EQUITY> 5,324,152 <SALES> 409,758 <TOTAL-REVENUES> 409,758 <CGS> 173,252 <TOTAL-COSTS> 1,393,520 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 6,638 <INCOME-PRETAX> (778,134) <INCOME-TAX> 7,456 <INCOME-CONTINUING> (785,590) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (785,590) <EPS-PRIMARY> (.19) <EPS-DILUTED> (.19)