<ARTICLE>                     5
<LEGEND>
     THIS SCHEDULE  CONTAINS SUMMARY  FINANCIAL  INFORMATION  EXTRACTED FROM THE
REGISTRANT'S  UNAUDITED  CONSOLIDATED  FINANCIAL STATEMENTS FOR THE THREE MONTHS
ENDED  SEPTEMBER  30, 1997 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-31-1997
<PERIOD-START>                                 JUL-1-1997
<PERIOD-END>                                   SEP-30-1997
<EXCHANGE-RATE>                                1.000
<CASH>                                         1,019
<SECURITIES>                                   1
<RECEIVABLES>                                  16,917
<ALLOWANCES>                                   106
<INVENTORY>                                    0
<CURRENT-ASSETS>                               21,060
<PP&E>                                         6,081
<DEPRECIATION>                                 3,280
<TOTAL-ASSETS>                                 36,437
<CURRENT-LIABILITIES>                          17,514
<BONDS>                                        0
<COMMON>                                       41
<PREFERRED-MANDATORY>                          0
<PREFERRED>                                    0
<OTHER-SE>                                     14,206
<TOTAL-LIABILITY-AND-EQUITY>                   36,437
<SALES>                                        38,290
<TOTAL-REVENUES>                               38,290
<CGS>                                          34,490
<TOTAL-COSTS>                                  37,039
<OTHER-EXPENSES>                               0
<LOSS-PROVISION>                               0
<INTEREST-EXPENSE>                             149
<INCOME-PRETAX>                                1,102
<INCOME-TAX>                                   397
<INCOME-CONTINUING>                            705
<DISCONTINUED>                                 0
<EXTRAORDINARY>                                0
<CHANGES>                                      0
<NET-INCOME>                                   705
<EPS-PRIMARY>                                  .27
<EPS-DILUTED>                                  .27