<ARTICLE> 5 <CIK> 0001023298 <NAME> AVENUE ENTERTAINMENT GROUP, INC. <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> SEP-30-1998 <CASH> 355,741 <SECURITIES> 278,526 <RECEIVABLES> 81,471 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 4,739,547 <PP&E> 243,545 <DEPRECIATION> 156,919 <TOTAL-ASSETS> 4,739,547 <CURRENT-LIABILITIES> 1,172,422 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 41,088 <OTHER-SE> 3,526,037 <TOTAL-LIABILITY-AND-EQUITY> 4,739,547 <SALES> 553,894 <TOTAL-REVENUES> 553,894 <CGS> 192,163 <TOTAL-COSTS> 1,783,920 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 8,916 <INCOME-PRETAX> (1,394,336) <INCOME-TAX> (7,630) <INCOME-CONTINUING> (1,401,966) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (1,401,966) <EPS-PRIMARY> (.34) <EPS-DILUTED> 0