<ARTICLE>                     5
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE 
CONSOLIDATED FINANCIAL STATEMENTS OF ALLIS-CHALMERS CORPORATION AS OF AND
FOR THE PERIOD ENDED MARCH 31, 1999 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER>                                   1,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                              DEC-31-1999
<PERIOD-START>                                 JAN-01-1999
<PERIOD-END>                                   MAR-31-1999
<CASH>                                         121
<SECURITIES>                                   101
<RECEIVABLES>                                  625
<ALLOWANCES>                                   21
<INVENTORY>                                    272
<CURRENT-ASSETS>                               1,170
<PP&E>                                         2,942
<DEPRECIATION>                                 1,637
<TOTAL-ASSETS>                                 2,475
<CURRENT-LIABILITIES>                          68,703
<BONDS>                                        232
<PREFERRED-MANDATORY>                          0
<PREFERRED>                                    0
<COMMON>                                       8,307
<OTHER-SE>                                     (75,730)
<TOTAL-LIABILITY-AND-EQUITY>                   (2,475)
<SALES>                                        0
<TOTAL-REVENUES>                               1,052
<CGS>                                          0
<TOTAL-COSTS>                                  713
<OTHER-EXPENSES>                               0
<LOSS-PROVISION>                               0
<INTEREST-EXPENSE>                             8
<INCOME-PRETAX>                                (57)
<INCOME-TAX>                                   0
<INCOME-CONTINUING>                            (57)
<DISCONTINUED>                                 0
<EXTRAORDINARY>                                0
<CHANGES>                                      0
<NET-INCOME>                                   (57)
<EPS-PRIMARY>                                  (.06)
<EPS-DILUTED>                                  (.06)