<ARTICLE>                     5
<LEGEND>
THIS SCHEDULE  CONTAINS SUMMARY FINANCIAL  INFORMATION  EXTRACTED FROM FINANCIAL
STATEMENTS OF THE ST. LAWRENCE SEAWAY CORPORATION FOR THE PERIOD ENDED MARCH 31,
1998,  AND  IS  QUALIFIED  IN  ITS  ENTIRETY  BY  REFERENCE  TO  SUCH  FINANCIAL
STATEMENTS.
</LEGEND>
       
                             
<PERIOD-TYPE>                   3-mos
<FISCAL-YEAR-END>                              MAR-31-1998
<PERIOD-END>                                   MAR-31-1998
<CASH>                                         1,105,940
<SECURITIES>                                   0
<RECEIVABLES>                                  1,644
<ALLOWANCES>                                   0
<INVENTORY>                                    0
<CURRENT-ASSETS>                               1,110,260
<PP&E>                                         2,679
<DEPRECIATION>                                 1,568
<TOTAL-ASSETS>                                 1,231,852
<CURRENT-LIABILITIES>                          36,714
<BONDS>                                        0
<PREFERRED-MANDATORY>                          0
<PREFERRED>                                    0
<COMMON>                                       770,987
<OTHER-SE>                                     424,151
<TOTAL-LIABILITY-AND-EQUITY>                   1,231,852
<SALES>                                        0
<TOTAL-REVENUES>                               65,824
<CGS>                                          0
<TOTAL-COSTS>                                  121,394
<OTHER-EXPENSES>                               0
<LOSS-PROVISION>                               0
<INTEREST-EXPENSE>                             0
<INCOME-PRETAX>                                (55,570)
<INCOME-TAX>                                   787
<INCOME-CONTINUING>                            0
<DISCONTINUED>                                 0
<EXTRAORDINARY>                                0
<CHANGES>                                      0
<NET-INCOME>                                   (56,357)
<EPS-PRIMARY>                                  (0.14)
<EPS-DILUTED>                                  (0.14)