<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)