<ARTICLE>                     5
<LEGEND>
This schedule contains summary financial information extracted from the
consolidated financial statements of Royal Acceptance Corporation and Subsidiary
as at and for the quarter ended March 31, 2000 and is qualified in its entirety
by reference to such financial statements.
</LEGEND>

                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-2000
<PERIOD-START>                             JAN-01-2000
<PERIOD-END>                               MAR-31-2000
<CASH>                                          94,441
<SECURITIES>                                         0
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                  1,674,701
<CURRENT-ASSETS>                             7,365,875
<PP&E>                                         106,831
<DEPRECIATION>                                  67,842
<TOTAL-ASSETS>                              30,162,293
<CURRENT-LIABILITIES>                        7,129,758
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                         7,698
<OTHER-SE>                                   1,101,132
<TOTAL-LIABILITY-AND-EQUITY>                30,162,293
<SALES>                                              0
<TOTAL-REVENUES>                             1,388,500
<CGS>                                                0
<TOTAL-COSTS>                                  499,622
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                             430,865
<INCOME-PRETAX>                                458,013
<INCOME-TAX>                                   178,000
<INCOME-CONTINUING>                            280,013
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   280,013
<EPS-BASIC>                                      (0.04)
<EPS-DILUTED>                                    (0.04)