<ARTICLE>                     5
<LEGEND>
       THIS SCHEDULE CONTAINS SUMMARY FINANCIAL  INFORMATION  EXTRACTED FROM THE
REGISTRANT'S  UNAUDITED  CONSOLIDATED  FINANCIAL STATEMENTS FOR THE THREE MONTHS
ENDED JUNE 30, 1997 AND IS  QUALIFIED  IN ITS  ENTIRETY  BY  REFERENCE  TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
<NAME>                              The Morgan Group, Inc.
<CIK>                               0000906609
<MULTIPLIER>                                         1,000
<CURRENCY>                                    U.S. Dollars
       
                            
<PERIOD-TYPE>                  6-MOS
<FISCAL-YEAR-END>                              Dec-31-1997
<PERIOD-START>                                  Jan-1-1997
<PERIOD-END>                                   Jun-30-1997
<EXCHANGE-RATE>                                      1.000
<CASH>                                                 299
<SECURITIES>                                           228
<RECEIVABLES>                                       15,678
<ALLOWANCES>                                            86
<INVENTORY>                                              0
<CURRENT-ASSETS>                                    18,747
<PP&E>                                               5,817
<DEPRECIATION>                                       3,144
<TOTAL-ASSETS>                                      34,387
<CURRENT-LIABILITIES>                               15,893
<BONDS>                                                  0
<COMMON>                                                41
<PREFERRED-MANDATORY>                                    0
<PREFERRED>                                              0
<OTHER-SE>                                          13,638
<TOTAL-LIABILITY-AND-EQUITY>                        34,387
<SALES>                                             72,844
<TOTAL-REVENUES>                                    72,844
<CGS>                                               66,257
<TOTAL-COSTS>                                       71,127
<OTHER-EXPENSES>                                         0
<LOSS-PROVISION>                                         0
<INTEREST-EXPENSE>                                     299
<INCOME-PRETAX>                                      1,418
<INCOME-TAX>                                           453
<INCOME-CONTINUING>                                    965
<DISCONTINUED>                                           0
<EXTRAORDINARY>                                          0
<CHANGES>                                                0
<NET-INCOME>                                           965
<EPS-PRIMARY>                                          .36
<EPS-DILUTED>                                          .36