<ARTICLE>                     5 
<CIK>                         0000889472
<NAME>                        Dynex Securities Corp.
<MULTIPLIER>                  1000
       
                             
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>               DEC-31-1998
<PERIOD-START>                  JAN-1-1998
<PERIOD-END>                    DEC-31-1998
<CASH>                          10
<SECURITIES>                    0
<RECEIVABLES>                   0
<ALLOWANCES>                    0
<INVENTORY>                     0
<CURRENT-ASSETS>                0 <F1>
<PP&E>                          0
<DEPRECIATION>                  0
<TOTAL-ASSETS>                  10
<CURRENT-LIABILITIES>           0 <F1>
<BONDS>                         0
<PREFERRED-MANDATORY>           0
<PREFERRED>                     0
<COMMON>                        10
<OTHER-SE>                      0
<TOTAL-LIABILITY-AND-EQUITY>    10
<SALES>                         0
<TOTAL-REVENUES>                0
<CGS>                           0
<TOTAL-COSTS>                   0
<OTHER-EXPENSES>                0
<LOSS-PROVISION>                0
<INTEREST-EXPENSE>              0
<INCOME-PRETAX>                 0
<INCOME-TAX>                    0
<INCOME-CONTINUING>             0
<DISCONTINUED>                  0
<EXTRAORDINARY>                 0
<CHANGES>                       0
<NET-INCOME>                    0
<EPS-PRIMARY>                   0
<EPS-DILUTED>                   0
<FN>

<F1> The Company's balance sheet is unclassified.
</FN>