<ARTICLE> 5
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM 
THE CONSOLIDATED FINANCIAL STATEMENTS OF ALLIS-CHALMERS CORPORATION
AS OF AND FOR THE SIX MONTHS 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-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               JUN-30-1995
<CASH>                                             254
<SECURITIES>                                     1,900
<RECEIVABLES>                                    1,012
<ALLOWANCES>                                         0<F1>
<INVENTORY>                                        124
<CURRENT-ASSETS>                                 3,646
<PP&E>                                           2,154
<DEPRECIATION>                                   1,256
<TOTAL-ASSETS>                                   4,544
<CURRENT-LIABILITIES>                            1,973
<BONDS>                                            350
<COMMON>                                         8,307
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                    (15,998)
<TOTAL-LIABILITY-AND-EQUITY>                   (4,544)
<SALES>                                              0
<TOTAL-REVENUES>                                 1,622
<CGS>                                                0
<TOTAL-COSTS>                                    1,179
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                  19
<INCOME-PRETAX>                                  (792)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                              (792)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     (792)
<EPS-PRIMARY>                                    (.78)
<EPS-DILUTED>                                    (.78)
<FN>
<F1>The Company reports account receivable net of allowances for doubtful accounts.
</FN>