<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from
Capstead Mortgage Corporation Annual Report on Form 10-K for the period ended
December 31, 1994 and is qualified in its entirety by reference to such
financial statements.
</LEGEND>
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLAR
       
                                       
<PERIOD-TYPE>                                  12-MOS
<FISCAL-YEAR-END>                         DEC-31-1994  
<PERIOD-START>                            JAN-01-1994
<PERIOD-END>                              DEC-31-1994
<EXCHANGE-RATE>                                     1
<CASH>                                         27,741
<SECURITIES>                                        0
<RECEIVABLES>                                       0
<ALLOWANCES>                                        0
<INVENTORY>                                         0
<CURRENT-ASSETS>                                    0
<PP&E>                                              0
<DEPRECIATION>                                      0
<TOTAL-ASSETS>                              8,943,858
<CURRENT-LIABILITIES>                       3,278,038
<BONDS>                                     5,102,145
<COMMON>                                          153
<PREFERRED-MANDATORY>                               0
<PREFERRED>                                   333,499
<OTHER-SE>                                    230,023
<TOTAL-LIABILITY-AND-EQUITY>                  563,675
<SALES>                                             0
<TOTAL-REVENUES>                              604,065
<CGS>                                               0
<TOTAL-COSTS>                                       0
<OTHER-EXPENSES>                               40,238
<LOSS-PROVISION>                                3,500
<INTEREST-EXPENSE>                            474,748
<INCOME-PRETAX>                                85,579
<INCOME-TAX>                                        0
<INCOME-CONTINUING>                            85,579
<DISCONTINUED>                                      0
<EXTRAORDINARY>                                     0
<CHANGES>                                           0
<NET-INCOME>                                   85,579
<EPS-PRIMARY>                                    3.06
<EPS-DILUTED>                                    3.01