<ARTICLE> 5 <LEGEND> THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FINANCIAL STATEMENTS OF ALLIS-CHALMERS AS OF AND FOR THE SIX MONTHS ENDED JUNE 30, 1999 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> JUN-30-1999 <CASH> 186 <SECURITIES> 0 <RECEIVABLES> 613 <ALLOWANCES> 21 <INVENTORY> 67 <CURRENT-ASSETS> 901 <PP&E> 2,836 <DEPRECIATION> 1,566 <TOTAL-ASSETS> 2,171 <CURRENT-LIABILITIES> 68,568 <BONDS> 211 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 8,307 <OTHER-SE> (75,867) <TOTAL-LIABILITY-AND-EQUITY> (2,171) <SALES> 0 <TOTAL-REVENUES> 2,136 <CGS> 0 <TOTAL-COSTS> 1,548 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 15 <INCOME-PRETAX> (194) <INCOME-TAX> 0 <INCOME-CONTINUING> (194) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (194) <EPS-BASIC> (.15) <EPS-DILUTED> (.15)