<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FINANCIAL STATEMENTS OF PHOENIX INTERNATIONAL LTD INC FROM FORM 10-K/A FOR THE
YEAR ENDED DECEMBER 31, 1997 (FOR SEC USE ONLY) AND IS QUALIFIED IN ITS ENTIRETY
BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<RESTATED>
<MULTIPLIER> 1
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> DEC-31-1997
<EXCHANGE-RATE> 1
<CASH> 13,034,491
<SECURITIES> 20,793,014
<RECEIVABLES> 4,493,635
<ALLOWANCES> (155,000)
<INVENTORY> 0
<CURRENT-ASSETS> 25,685,700
<PP&E> 3,317,641
<DEPRECIATION> (972,616)
<TOTAL-ASSETS> 45,777,521
<CURRENT-LIABILITIES> 8,162,655
<BONDS> 0
0
0
<COMMON> 54,354
<OTHER-SE> 36,964,691
<TOTAL-LIABILITY-AND-EQUITY> 45,777,521
<SALES> 0
<TOTAL-REVENUES> 13,439,353
<CGS> 0
<TOTAL-COSTS> 14,691,070
<OTHER-EXPENSES> (133,656)
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 747,300
<INCOME-PRETAX> 370,761
<INCOME-TAX> 394,970
<INCOME-CONTINUING> (765,731)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (765,731)
<EPS-BASIC> (.11)
<EPS-DILUTED> (0.11)
</TABLE>