<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FINANCIAL STATEMENTS OF BAB HOLDINGS, INC. FOR THE SIX MONTH PERIOD ENDED MAY
31, 1996 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS. (b),(c)
</LEGEND>
<RESTATED>
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1996
<PERIOD-END>                               MAY-31-1996
<CASH>                                       5,655,697
<SECURITIES>                                         0
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                             6,250,404
<PP&E>                                       1,501,005
<DEPRECIATION>                                 137,451
<TOTAL-ASSETS>                              11,356,167
<CURRENT-LIABILITIES>                        1,225,625
<BONDS>                                          4,424
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                    11,275,396
<OTHER-SE>                                           0
<TOTAL-LIABILITY-AND-EQUITY>                11,536,167
<SALES>                                        784,999
<TOTAL-REVENUES>                             2,133,854<F1>
<CGS>                                          746,410
<TOTAL-COSTS>                                1,986,055
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               4,155
<INCOME-PRETAX>                                143,644
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                            143,644
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   143,644
<EPS-PRIMARY>                                     0.02
<EPS-DILUTED>                                     0.02
<FN>
<F1>NOTES TO AMENDED FINANCIAL DATA SCHEDULE:
(a) Total revenues include $193,344 in interest income.
(b) Entire Amended Financial Data Schedule presentation is based on condensed
    format presentation of Form 10-QSB financial statements.
(c) Amended Financial Data Schedule corrects typographical errors discovered
    in the Financial Data Schedule filed with BAB Holdings, Inc.'s Form 10-QSB
    for the six month period ended May 31, 1996.
</FN>