<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL DATA INFORMATION EXTRACTED FROM THE
COMPANY'S UNAUDITED FINANCIAL STATEMENTS CONTAINED IN ITS REPORT ON FORM 10-Q
FOR THE THREE MONTHS ENDED MARCH 31, 1996 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000784199
<NAME> CRYOLIFE, INC.
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               MAR-31-1996
<CASH>                                       1,273,142
<SECURITIES>                                 4,485,974
<RECEIVABLES>                                6,352,965
<ALLOWANCES>                                    43,187
<INVENTORY>                                    333,884
<CURRENT-ASSETS>                            19,275,685
<PP&E>                                       8,592,933
<DEPRECIATION>                               5,069,543
<TOTAL-ASSETS>                              25,098,513
<CURRENT-LIABILITIES>                        3,723,505
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                        50,059
<OTHER-SE>                                  21,324,949
<TOTAL-LIABILITY-AND-EQUITY>                21,375,008
<SALES>                                              0
<TOTAL-REVENUES>                             8,433,807
<CGS>                                                0
<TOTAL-COSTS>                                2,878,849
<OTHER-EXPENSES>                             4,315,765
<LOSS-PROVISION>                                15,000
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                              1,239,193
<INCOME-TAX>                                   456,696
<INCOME-CONTINUING>                            782,497
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   782,497
<EPS-PRIMARY>                                     0.08
<EPS-DILUTED>                                     0.08