<ARTICLE> 5 <CIK> 0000036548 <NAME> FIRST MORTGAGE CORP <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> FEB-28-1997 <PERIOD-END> NOV-30-1997 <CASH> 545,287 <SECURITIES> 0 <RECEIVABLES> 125,000 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 50,662 <DEPRECIATION> 0 <TOTAL-ASSETS> 720,949 <CURRENT-LIABILITIES> 53,631 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 51,102 <OTHER-SE> 616,216 <TOTAL-LIABILITY-AND-EQUITY> 720,949 <SALES> 0 <TOTAL-REVENUES> 264,063 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 96,689 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 167,374 <INCOME-TAX> 53,631 <INCOME-CONTINUING> 113,743 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 113,743 <EPS-PRIMARY> .002 <EPS-DILUTED> 0