<TABLE> <S> <C>

<ARTICLE>                     5
<LEGEND>
                              THIS   SCHEDULE    CONTAINS   SUMMARY    FINANCIAL
                              INFORMATION   EXTRACTED   FROM  THE   CONSOLIDATED
                              BALANCE  SHEET AT MARCH 31,  1997 AND THE  RELATED
                              CONSOLIDATED  STATEMENTS OF OPERATIONS AND OF CASH
                              FLOWS FOR THE THREE MONTHS ENDED MARCH 31, 1997 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. DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                              DEC-31-1997
<PERIOD-START>                                 JAN-01-1997
<PERIOD-END>                                   MAR-31-1997
<EXCHANGE-RATE>                                          1
<CASH>                                           1,339,000
<SECURITIES>                                             0
<RECEIVABLES>                                      771,000
<ALLOWANCES>                                        26,000
<INVENTORY>                                              0
<CURRENT-ASSETS>                                 2,254,000
<PP&E>                                             649,000
<DEPRECIATION>                                     203,000
<TOTAL-ASSETS>                                  10,625,000
<CURRENT-LIABILITIES>                            7,163,000
<BONDS>                                                  0
<PREFERRED-MANDATORY>                                    0
<PREFERRED>                                              0
<COMMON>                                           871,000
<OTHER-SE>                                      (1,307,000)
<TOTAL-LIABILITY-AND-EQUITY>                    10,625,000
<SALES>                                              1,000
<TOTAL-REVENUES>                                 4,416,000
<CGS>                                                1,000
<TOTAL-COSTS>                                    3,765,000
<OTHER-EXPENSES>                                   202,000
<LOSS-PROVISION>                                         0
<INTEREST-EXPENSE>                                 231,000
<INCOME-PRETAX>                                    217,000
<INCOME-TAX>                                             0
<INCOME-CONTINUING>                                217,000
<DISCONTINUED>                                           0
<EXTRAORDINARY>                                          0
<CHANGES>                                                0
<NET-INCOME>                                       217,000
<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, Earning Per Share.
</FN>

</TABLE>