<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from the financial statements of Galoob Toys, Inc. for the quarter ended March 31, 1997, and is qualified in its entirety by reference to such financial statements. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> MAR-31-1997 <CASH> 32,271 <SECURITIES> 0 <RECEIVABLES> 77,138 <ALLOWANCES> 5,997 <INVENTORY> 17,729 <CURRENT-ASSETS> 160,176 <PP&E> 16,891 <DEPRECIATION> 6,341 <TOTAL-ASSETS> 175,770 <CURRENT-LIABILITIES> 26,725 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 180 <OTHER-SE> 147,776 <TOTAL-LIABILITY-AND-EQUITY> 175,770 <SALES> 40,598 <TOTAL-REVENUES> 40,598 <CGS> 22,854 <TOTAL-COSTS> 22,854 <OTHER-EXPENSES> 21,957 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 69 <INCOME-PRETAX> (3,813) <INCOME-TAX> (1,487) <INCOME-CONTINUING> (2,326) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (2,326) <EPS-PRIMARY> (.13) <EPS-DILUTED> (.13)