<ARTICLE> 5
<LEGEND>
THE FOLLOWING INFORMATION HAS BEEN EXTRACTED FROM THE FINANCIAL
STATEMENTS IN THE FORM 10-Q FOR THE QUARTER ENDED JUNE 30, 1996.
</LEGEND>
<CIK> 0000041296
<NAME> GIANT GROUP, LTD.
<MULTIPLIER> 1000
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               JUN-30-1996
<CASH>                                          35,721
<SECURITIES>                                     2,105
<RECEIVABLES>                                   11,114
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                49,550
<PP&E>                                           5,201
<DEPRECIATION>                                   1,978
<TOTAL-ASSETS>                                  54,891
<CURRENT-LIABILITIES>                            6,202
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                            73
<OTHER-SE>                                      47,827
<TOTAL-LIABILITY-AND-EQUITY>                    54,891
<SALES>                                              0
<TOTAL-REVENUES>                                 4,064
<CGS>                                                0
<TOTAL-COSTS>                                    3,419
<OTHER-EXPENSES>                               (3,426)
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                  32
<INCOME-PRETAX>                                  4,039
<INCOME-TAX>                                   (8,563)
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    12,602
<EPS-PRIMARY>                                     2.33
<EPS-DILUTED>                                        0