<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, 1995 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-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               DEC-31-1995
<EXCHANGE-RATE>                                      1
<CASH>                                          18,702
<SECURITIES>                                         0
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                               0
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                               9,903,606
<CURRENT-LIABILITIES>                        4,700,019
<BONDS>                                      4,538,863
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                    337,750
<COMMON>                                           235
<OTHER-SE>                                     326,739
<TOTAL-LIABILITY-AND-EQUITY>                   664,724
<SALES>                                              0
<TOTAL-REVENUES>                               727,800
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                                71,205
<LOSS-PROVISION>                                 2,200
<INTEREST-EXPENSE>                             577,036
<INCOME-PRETAX>                                 77,359
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                             77,359
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    77,359
<EPS-PRIMARY>                                     1.64
<EPS-DILUTED>                                     1.61