WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

  


<ARTICLE>                     5
<LEGEND>
         This schedule contains summary financial information extracted from the
Regisrant's unaudited  consolidated financial statements for the 12 months ended
December  31,  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>                   12-MOS
<FISCAL-YEAR-END>                              DEC-31-1997
<PERIOD-START>                                 JAN-01-1997
<PERIOD-END>                                   DEC-31-1997
<EXCHANGE-RATE>                                1.000
<CASH>                                         380
<SECURITIES>                                   0
<RECEIVABLES>                                  13,545
<ALLOWANCES>                                   183
<INVENTORY>                                    0
<CURRENT-ASSETS>                               17,749
<PP&E>                                         6,601
<DEPRECIATION>                                 2,286
<TOTAL-ASSETS>                                 32,746
<CURRENT-LIABILITIES>                          15,620
<BONDS>                                        0
<COMMON>                                       41
<PREFERRED-MANDATORY>                          0
<PREFERRED>                                    0
<OTHER-SE>                                     12,724
<TOTAL-LIABILITY-AND-EQUITY>                   32,746
<SALES>                                        146,154
<TOTAL-REVENUES>                               146,154
<CGS>                                          133,732
<TOTAL-COSTS>                                  145,139
<OTHER-EXPENSES>                               0
<LOSS-PROVISION>                               0
<INTEREST-EXPENSE>                             719
<INCOME-PRETAX>                                296
<INCOME-TAX>                                   100
<INCOME-CONTINUING>                            196
<DISCONTINUED>                                 0
<EXTRAORDINARY>                                0
<CHANGES>                                      0
<NET-INCOME>                                   196
<EPS-PRIMARY-CLASS-A>                          .09        
<EPS-DILUTED-CLASS-A>                          .09        
<EPS-PRIMARY-CLASS-B>                          .05       
<EPS-DILUTED-CLASS-B>                          .05