STARNET FINANCIAL INC
10QSB, EX-27.1, 2000-08-22
INVESTORS, NEC
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<TABLE> <S> <C>

<ARTICLE> 5

<S>                             <C>
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          MAR-31-2000
<PERIOD-START>                             APR-01-2000
<PERIOD-END>                               JUN-30-2000
<CASH>                                               0
<SECURITIES>                                         0
<RECEIVABLES>                                  747,954
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<BONDS>                                     21,642,828
                                0
                                          0
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<TOTAL-REVENUES>                             2,101,041
<CGS>                                                0
<TOTAL-COSTS>                                2,746,925
<OTHER-EXPENSES>                             (198,758)
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<INCOME-PRETAX>                            (1,377,122)
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<INCOME-CONTINUING>                        (1,377,122)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                               (1,377,122)
<EPS-BASIC>                                      (.07)
<EPS-DILUTED>                                    (.07)


</TABLE>


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