<ARTICLE> 5 <CIK> 0000036548 <NAME> FIRST MORTGAGE CORP. <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> FEB-28-1998 <PERIOD-START> MAR-01-1998 <PERIOD-END> MAY-31-1998 <CASH> 107,591 <SECURITIES> 0 <RECEIVABLES> 566,500 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 674,091 <PP&E> 6,738 <DEPRECIATION> 4,142 <TOTAL-ASSETS> 924,655 <CURRENT-LIABILITIES> 91,336 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 51,102 <OTHER-SE> 782,217 <TOTAL-LIABILITY-AND-EQUITY> 924,655 <SALES> 0 <TOTAL-REVENUES> 115,441 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 60,331 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 55,110 <INCOME-TAX> 8,778 <INCOME-CONTINUING> 46,332 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 46,332 <EPS-BASIC> .001 <EPS-DILUTED> 0