<ARTICLE>                     5
<LEGEND>
     This schedule contains  unaudited summary financial  information  extracted
from the Registrant's  consolidated  financial statements for the 6 months ended
June 30, 1998 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>                   6-MOS
<FISCAL-YEAR-END>                              DEC-31-1998
<PERIOD-START>                                 JAN-01-1998
<PERIOD-END>                                   JUN-30-1998
<EXCHANGE-RATE>                                1.000
<CASH>                                         538
<SECURITIES>                                   0
<RECEIVABLES>                                  16,332
<ALLOWANCES>                                   242
<INVENTORY>                                    0
<CURRENT-ASSETS>                               20,813
<PP&E>                                         6,751
<DEPRECIATION>                                 2,536
<TOTAL-ASSETS>                                 34,812
<CURRENT-LIABILITIES>                          17,506
<BONDS>                                        0
<COMMON>                                       41
<PREFERRED-MANDATORY>                          0
<PREFERRED>                                    0
<OTHER-SE>                                     12,991
<TOTAL-LIABILITY-AND-EQUITY>                   34,812
<SALES>                                        75,494
<TOTAL-REVENUES>                               75,494
<CGS>                                          0
<TOTAL-COSTS>                                  74,602
<OTHER-EXPENSES>                               0
<LOSS-PROVISION>                               228
<INTEREST-EXPENSE>                             333
<INCOME-PRETAX>                                559
<INCOME-TAX>                                   173
<INCOME-CONTINUING>                            386
<DISCONTINUED>                                 0
<EXTRAORDINARY>                                0
<CHANGES>                                      0
<NET-INCOME>                                   386
<EPS-BASIC>                                  .15
<EPS-DILUTED>                                  .15