<TABLE> <S> <C>


<ARTICLE>                     5
<LEGEND>
THIS  SCHEDULE  CONTAINS  SUMMARY  FINANCIAL   INFORMATION  EXTRACTED  FROM  THE
CONSOLIDATED  BALANCE  SHEET AT DECEMBER  31, 1996 AND THE RELATED  CONSOLIDATED
STATEMENTS OF OPERATIONS  AND OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 1996
OF STRATFORD  AMERICAN  CORPORATION AND ITS SUBSIDIARIES AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<RESTATED>
<MULTIPLIER>                  1
<CURRENCY>                    U.S. Dollar

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                                                   DEC-31-1996
<PERIOD-START>                                                      JAN-01-1996
<PERIOD-END>                                                        DEC-31-1996
<EXCHANGE-RATE>                                                               1
<CASH>                                                                  933,000
<SECURITIES>                                                                  0
<RECEIVABLES>                                                           835,000
<ALLOWANCES>                                                             20,000
<INVENTORY>                                                                   0
<CURRENT-ASSETS>                                                        976,000
<PP&E>                                                                  631,000
<DEPRECIATION>                                                          169,000
<TOTAL-ASSETS>                                                       10,469,000
<CURRENT-LIABILITIES>                                                 7,025,000
<BONDS>                                                                       0
<PREFERRED-MANDATORY>                                                         0
<PREFERRED>                                                                   0
<COMMON>                                                                841,000
<OTHER-SE>                                                           (1,524,000)
<TOTAL-LIABILITY-AND-EQUITY>                                         10,469,000
<SALES>                                                                   9,000
<TOTAL-REVENUES>                                                     12,862,000
<CGS>                                                                     4,000
<TOTAL-COSTS>                                                        12,088,000
<OTHER-EXPENSES>                                                        645,000
<LOSS-PROVISION>                                                              0
<INTEREST-EXPENSE>                                                      565,000
<INCOME-PRETAX>                                                        (436,000)
<INCOME-TAX>                                                                  0
<INCOME-CONTINUING>                                                    (436,000)
<DISCONTINUED>                                                          168,000
<EXTRAORDINARY>                                                               0
<CHANGES>                                                                     0
<NET-INCOME>                                                           (268,000)
<EPS-PRIMARY>                                                              (.00)
<EPS-DILUTED>                                                              (.00)

<FN>
EPS - Primary and EPS - Diluted  have been  restated to reflect the  adoption of
Financial Accounting Standards Board Statement No. 128, Earnings Per Share.
</FN>

</TABLE>