WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE. <ARTICLE> 5 <MULTIPLIER> 1,000 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE CONSOLIDATED FINANCIAL STATEMENTS OF ICON HEALTH & FITNESS, INC., FOR THE PERIOD ENDED NOVEMBER 30, 1996, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. [/LEGEND] <CIK> 0000934798 <NAME> ICON HEALTH & FITNESS, INC. <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> MAY-31-1997 <PERIOD-END> NOV-30-1996 <CASH> 11,565 <SECURITIES> 0 <RECEIVABLES> 226,614 <ALLOWANCES> 0 <INVENTORY> 161,151 <CURRENT-ASSETS> 424,783 <PP&E> 98,749 <DEPRECIATION> 20,163 <TOTAL-ASSETS> 536,401 <CURRENT-LIABILITIES> 168,483 <BONDS> 375,534 <COMMON> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> (7,616) <TOTAL-LIABILITY-AND-EQUITY> 536,401 <SALES> 375,305 <TOTAL-REVENUES> 375,305 <CGS> 268,775 <TOTAL-COSTS> 268,775 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 15,155 <INCOME-PRETAX> (13,388) <INCOME-TAX> (4,278) <INCOME-CONTINUING> (9,110) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (9,110) <EPS-PRIMARY> 0