<ARTICLE> 5
<LEGEND>
FM Properties adopted Statement of Financial Accounting Standards
No. 128, "Earnings Per Share," (SFAS 128) in the fourth quarter of 1997 and
restated prior years' earnings per share (EPS) data as required by SFAS
128. Presented below are the restated EPS amounts for the years ended
December 31, 1996 and 1995, as well as, the 3-month periods ended March 31,
1997 and 1996, the 6-month period ended June 30, 1997.
</LEGEND>
<PERIOD-TYPE> YEAR YEAR 3-MOS 3-MOS 6-MOS
<FISCAL-YEAR-END> DEC-31-1996 DEC-31-1995 DEC-31-1997 DEC-31-1996 DEC-31-1997
<PERIOD-END> DEC-31-1996 DEC-31-1995 MAR-31-1997 MAR-31-1996 JUN-30-1997
<CASH> 0 0 0 0 0
<SECURITIES> 0 0 0 0 0
<RECEIVABLES> 0 0 0 0 0
<ALLOWANCES> 0 0 0 0 0
<INVENTORY> 0 0 0 0 0
<CURRENT-ASSETS> 0 0 0 0 0
<PP&E> 0 0 0 0 0
<DEPRECIATION> 0 0 0 0 0
<TOTAL-ASSETS> 0 0 0 0 0
<CURRENT-LIABILITIES> 0 0 0 0 0
<BONDS> 0 0 0 0 0
<PREFERRED-MANDATORY> 0 0 0 0 0
<PREFERRED> 0 0 0 0 0
<COMMON> 0 0 0 0 0
<OTHER-SE> 0 0 0 0 0
<TOTAL-LIABILITY-AND-EQUITY> 0 0 0 0 0
<SALES> 0 0 0 0 0
<TOTAL-REVENUES> 0 0 0 0 0
<CGS> 0 0 0 0 0
<TOTAL-COSTS> 0 0 0 0 0
<OTHER-EXPENSES> 0 0 0 0 0
<LOSS-PROVISION> 0 0 0 0 0
<INTEREST-EXPENSE> 0 0 0 0 0
<INCOME-PRETAX> 0 0 0 0 0
<INCOME-TAX> 0 0 0 0 0
<INCOME-CONTINUING> 0 0 0 0 0
<DISCONTINUED> 0 0 0 0 0
<EXTRAORDINARY> 0 0 0 0 0
<CHANGES> 0 0 0 0 0
<NET-INCOME> 0 0 0 0 0
<EPS-PRIMARY> (.01) (.01) .14 (.06) .12
<EPS-DILUTED> (.01) (.01) .14 (.06) .12