<ARTICLE> BD <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE CONSOLIDATED BALANCE SHEEET OF PAULSON CAPITAL CORP. AND SUBSIDIARY AS OF JUNE 30, 1995 AND THE RELATED CONSOLIDATED STATEMENTS OF OPERATIONS, SHAREHOLDERS' EQUITY AND CASH FLOWS FOR THE SIX MONTHS IN THE PERIOD ENDED JUNE 30, 1995 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1994 <PERIOD-END> JUN-30-1995 <CASH> 422 <RECEIVABLES> 3,227 <SECURITIES-RESALE> 0 <SECURITIES-BORROWED> 0 <INSTRUMENTS-OWNED> 1,280 <PP&E> 138 <TOTAL-ASSETS> 5,440 <SHORT-TERM> 115 <PAYABLES> 2,257 <REPOS-SOLD> 0 <SECURITIES-LOANED> 0 <INSTRUMENTS-SOLD> 929 <LONG-TERM> 0 <COMMON> 776 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 1,328 <TOTAL-LIABILITY-AND-EQUITY> 5,440 <TRADING-REVENUE> 114 <INTEREST-DIVIDENDS> 10 <COMMISSIONS> 4,705 <INVESTMENT-BANKING-REVENUES> 1,367 <FEE-REVENUE> 0 <INTEREST-EXPENSE> 3 <COMPENSATION> 4,592 <INCOME-PRETAX> 171 <INCOME-PRE-EXTRAORDINARY> 171 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 103 <EPS-PRIMARY> .02 <EPS-DILUTED> .02