MONARCH AVALON INC &lt;MAHI> 3RD QTR JAN 31 LOSS

  Shr loss 11 cts vs profit four cts
      Net loss 199,000 vs profit 81,000
      Rev 1.9 mln vs 2.5 mln
      Nine months
      Shr loss 14 cts vs profit 15 cts
      Net loss 261,000 vs profit 273,000
      Rev 6.4 mln vs 7.6 mln
      NOTE: Per share information adjusted for three-for-two
  stock split on January 31, 1986.
  

