<ARTICLE> 5
<LEGEND>
THE FOLLOWING INFORMATION HAS BEEN EXTRACTED FROM THE FINANCIAL
STATEMENTS IN THE FORM 10-Q FOR THE QUARTER ENDED SEPTEMBER 30,
1996.
</LEGEND>
<CIK> 0000041296
<NAME> GIANT GROUP, LTD.
<MULTIPLIER> 1000
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               SEP-30-1996
<CASH>                                          21,950
<SECURITIES>                                    10,682
<RECEIVABLES>                                   14,139
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                47,369
<PP&E>                                           5,745
<DEPRECIATION>                                   2,083
<TOTAL-ASSETS>                                  54,935
<CURRENT-LIABILITIES>                            4,355
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                            73
<OTHER-SE>                                      49,565
<TOTAL-LIABILITY-AND-EQUITY>                    54,935
<SALES>                                              0
<TOTAL-REVENUES>                                 6,879
<CGS>                                                0
<TOTAL-COSTS>                                    4,731
<OTHER-EXPENSES>                                 (317)
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                  33
<INCOME-PRETAX>                                  5,629
<INCOME-TAX>                                   (8,512)
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    14,141
<EPS-PRIMARY>                                     2.71
<EPS-DILUTED>                                        0