<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