<ARTICLE> 5
<LEGEND>
THE FOLLOWING INFORMATION HAS BEEN EXTRACTED FROM THE FINANCIAL
STATEMENTS IN THE FORM 10-K FOR THE YEAR ENDED DECEMBER 31, 1996.
</LEGEND>
<CIK> 0000041296
<NAME> GIANT GROUP, LTD.
<MULTIPLIER> 1000
       
                             
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               DEC-31-1996
<CASH>                                          12,644
<SECURITIES>                                    10,583
<RECEIVABLES>                                   15,766
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                60,478
<PP&E>                                           5,757
<DEPRECIATION>                                   2,198
<TOTAL-ASSETS>                                  69,047
<CURRENT-LIABILITIES>                           15,059
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                            73
<OTHER-SE>                                      52,742
<TOTAL-LIABILITY-AND-EQUITY>                    69,047
<SALES>                                              0
<TOTAL-REVENUES>                                 8,018
<CGS>                                                0
<TOTAL-COSTS>                                    6,299
<OTHER-EXPENSES>                               (6,544)
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               8,263
<INCOME-PRETAX>                                (9,649)
<INCOME-TAX>                                    17,912
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    17,912
<EPS-PRIMARY>                                     3.48
<EPS-DILUTED>                                        0