<ARTICLE>                     5
<LEGEND>
     This Schedule Contains Summary Financial Data From the Interim Consolidated
Financial Statements Incuded as Part of the Company's Second Quarter 1998 10-Q
</LEGEND>
<CIK>                                        0001056751
<NAME>                                     21st Century
       
                                            
<PERIOD-TYPE>                                  6-mos
<FISCAL-YEAR-END>                              Mar-31-1999
<PERIOD-START>                                 Apr-1-1998
<PERIOD-END>                                   Sep-30-1998
<CASH>                                         93,036,071
<SECURITIES>                                   99,561,203
<RECEIVABLES>                                  91,682
<ALLOWANCES>                                   1,376
<INVENTORY>                                    3,137,226
<CURRENT-ASSETS>                               196,527,994
<PP&E>                                         50,018,097
<DEPRECIATION>                                 3,138,580
<TOTAL-ASSETS>                                 257,237,305
<CURRENT-LIABILITIES>                          10,416,825
<BONDS>                                        215,940,951
<PREFERRED-MANDATORY>                          50,524,033
<PREFERRED>                                    23,657,752
<COMMON>                                       11,069,364
<OTHER-SE>                                     54,371,620
<TOTAL-LIABILITY-AND-EQUITY>                   257,237,305
<SALES>                                        420,037
<TOTAL-REVENUES>                               420,037
<CGS>                                          1,969,654
<TOTAL-COSTS>                                  3,898,926
<OTHER-EXPENSES>                               10,501,162
<LOSS-PROVISION>                               0
<INTEREST-EXPENSE>                             12,495,974
<INCOME-PRETAX>                                (20,320,951)
<INCOME-TAX>                                   0
<INCOME-CONTINUING>                            (20,320,951)
<DISCONTINUED>                                 0
<EXTRAORDINARY>                                0
<CHANGES>                                      0
<NET-INCOME>                                   (20,320,951)
<EPS-PRIMARY>                                  (7.50)
<EPS-DILUTED>                                  (7.50)