<ARTICLE> 5 <LEGEND> THESE SCHEDULES HAVE BEEN RESTATED IN ACCORDANCE WITH REGULATION S-K, ITEM 601(c)(2)(iii) TO DISCLOSE EARNINGS PER SHARE AS REQUIRED BY STATEMENT OF FINANCIAL ACCOUNTING STANDARDS NO. 128, "EARNINGS PER SHARE" AND THE EFFECT OF MATTEL, INC.'S POOLING OF INTERESTS WITH TYCO TOYS, INC. IN MARCH 1997. <RESTATED> <MULTIPLIER> 1,000 <PERIOD-TYPE> YEAR YEAR <FISCAL-YEAR-END> DEC-31-1996 DEC-31-1995 <PERIOD-END> DEC-31-1996 DEC-31-1995 <CASH> 550,271 493,686 <SECURITIES> 0 17,375 <RECEIVABLES> 969,949 903,184 <ALLOWANCES> 21,009 16,840 <INVENTORY> 444,178 407,551 <CURRENT-ASSETS> 2,139,062 2,014,940 <PP&E> 939,377 825,073 <DEPRECIATION> 323,096 292,738 <TOTAL-ASSETS> 3,581,142 3,341,370 <CURRENT-LIABILITIES> 1,141,877 1,067,951 <BONDS> 519,806 627,067 <COMMON> 296,091 296,080 <PREFERRED-MANDATORY> 0 0 <PREFERRED> 827 52 <OTHER-SE> 1,509,005 1,255,548 <TOTAL-LIABILITY-AND-EQUITY> 3,581,142 3,341,370 <SALES> 4,535,332 4,369,816 <TOTAL-REVENUES> 4,535,332 4,369,816 <CGS> 2,315,574 2,302,076 <TOTAL-COSTS> 2,315,574 2,302,076 <OTHER-EXPENSES> 1,582,775 1,460,089 <LOSS-PROVISION> 0 0 <INTEREST-EXPENSE> 100,226 102,983 <INCOME-PRETAX> 536,756 504,668 <INCOME-TAX> 164,532 166,779 <INCOME-CONTINUING> 372,224 337,889 <DISCONTINUED> 0 0 <EXTRAORDINARY> 0 0 <CHANGES> 0 0 <NET-INCOME> 372,224 337,889 <EPS-PRIMARY> 1.26 1.13 <EPS-DILUTED> 1.23 1.12 <FN> Notes - Amounts disclosed as EPS-Primary and EPS-Diluted represent Basic and Diluted Earnings per Share as required by Statement of Financial Accounting Standards No. 128 "Earnings per Share." Diluted earnings per share for the year ended December 31, 1995 has been submitted in accordance with Regulation S-K, Item 601(b)(11), although it is contrary to paragraph 13 of FAS No. 128 because it produces an anti-dilutive result.