<ARTICLE>                     5
<LEGEND>
     THIS SCHEDULE  CONTAINS SUMMARY  FINANCIAL  INFORMATION  EXTRACTED FROM THE
REGISTRANT'S  UNAUDITED  CONSOLIDATED  FINANCIAL STATEMENTS FOR THE THREE MONTHS
ENDED MARCH 31, 1996 AND IS  QUALIFIED  IN ITS  ENTIRETY  BY  REFERENCE  TO SUCH
FINANCIAL STATEMENTS
</LEGEND>
     <CIK>                    0000906609                         
<NAME>                        The Morgan Group, Inc.
<MULTIPLIER>                                   1,000
<CURRENCY>                                    U.S. Dollars
       
                             
<PERIOD-TYPE>                   3-mos
<FISCAL-YEAR-END>                              Dec-31-1996
<PERIOD-START>                                 Jan-1-1996
<PERIOD-END>                                   Mar-31-1996
<EXCHANGE-RATE>                                1.000
<CASH>                                         361
<SECURITIES>                                   2,302
<RECEIVABLES>                                  13,986
<ALLOWANCES>                                   50
<INVENTORY>                                    380
<CURRENT-ASSETS>                               19,966
<PP&E>                                         11,338
<DEPRECIATION>                                 4,612
<TOTAL-ASSETS>                                 32,430
<CURRENT-LIABILITIES>                          13,918
<BONDS>                                        0
<COMMON>                                       41
<PREFERRED-MANDATORY>                          0
<PREFERRED>                                    0
<OTHER-SE>                                     15,464
<TOTAL-LIABILITY-AND-EQUITY>                   32,430
<SALES>                                        30,506
<TOTAL-REVENUES>                               30,506
<CGS>                                          28,199
<TOTAL-COSTS>                                  30,554
<OTHER-EXPENSES>                               0
<LOSS-PROVISION>                               0
<INTEREST-EXPENSE>                             63
<INCOME-PRETAX>                                (111)
<INCOME-TAX>                                   (120)
<INCOME-CONTINUING>                            9
<DISCONTINUED>                                 0
<EXTRAORDINARY>                                0
<CHANGES>                                      0
<NET-INCOME>                                   9
<EPS-PRIMARY>                                  0
<EPS-DILUTED>                                  0