<ARTICLE>      5
<LEGEND>
               THIS   SCHEDULE    CONTAINS    SUMMARY    FINANCIAL
               INFORMATION   EXTRACTED   FROM  THE  EURO  TRADE  &
               FORFAITING,   INC.  FINANCIAL  STATEMENTS  FOR  THE
               PERIOD ENDED  DECEMBER 31, 1998 AND IS QUALIFIED IN
               ITS  ENTIRETY  BY   REFERENCE  TO  SUCH   FINANCIAL
               STATEMENTS.
</LEGEND>
<MULTIPLIER>   1,000
       
                                                         
<PERIOD-TYPE>                  12-MOS                     6-MOS
<FISCAL-YEAR-END>                       JUN-30-1998               JUN-30-1999
<PERIOD-START>                          JUL-01-1997               JUL-01-1998
<PERIOD-END>                            JUN-30-1998               DEC-01-1998
<CASH>                                       18,873                    21,842
<SECURITIES>                                 14,644                     9,329
<RECEIVABLES>                                   523                       467
<ALLOWANCES>                                      0                         0
<INVENTORY>                                       0                         0
<CURRENT-ASSETS>                             34,040                    31,638
<PP&E>                                           93                        74
<DEPRECIATION>                                    0                         0
<TOTAL-ASSETS>                               35,516                    35,104
<CURRENT-LIABILITIES>                        15,177                    12,123
<BONDS>                                          27                        34
<PREFERRED-MANDATORY>                             0                         0
<PREFERRED>                                  15,000                         0
<COMMON>                                      9,250                        17
<OTHER-SE>                                      750                    25,263
<TOTAL-LIABILITY-AND-EQUITY>                 35,516                    35,104
<SALES>                                       5,216                     3,770
<TOTAL-REVENUES>                              5,216                     3,770
<CGS>                                         8,038                       404
<TOTAL-COSTS>                                 8,038                       404
<OTHER-EXPENSES>                              2,170                       920
<LOSS-PROVISION>                                  0                         0
<INTEREST-EXPENSE>                                0                         0
<INCOME-PRETAX>                             (4,992)                     2,446
<INCOME-TAX>                                      0                         0
<INCOME-CONTINUING>                         (4,992)                     2,446
<DISCONTINUED>                                    0                         0
<EXTRAORDINARY>                                   0                         0
<CHANGES>                                         0                         0
<NET-INCOME>                                (4,922)                     2,446
<EPS-PRIMARY>                                 (.20)                       .14
<EPS-DILUTED>                                 (.20)                       .14