<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from the
Company's consolidated balance sheet and consolidated statement of operations
and is qualified in its entirety by reference to such consolidated financial
statements together with the related footnotes thereto.
</LEGEND>
<CIK> 0001029500
<NAME> MAXXAM GROUP HOLDINGS INC.
<MULTIPLIER> 1,000
       
                                                      
<PERIOD-TYPE>                   12-MOS                      9-MOS
<FISCAL-YEAR-END>                          DEC-31-1995               DEC-31-1996
<PERIOD-START>                             JAN-01-1995               JAN-01-1996
<PERIOD-END>                               DEC-31-1995               SEP-30-1996
<CASH>                                          48,396                    53,112
<SECURITIES>                                    36,568                    31,852
<RECEIVABLES>                                   20,576                    11,466
<ALLOWANCES>                                         0                         0
<INVENTORY>                                     81,181                    78,113
<CURRENT-ASSETS>                               195,446                   182,594
<PP&E>                                         159,453                   166,322
<DEPRECIATION>                                  58,420                    65,108
<TOTAL-ASSETS>                                 740,867                   713,273
<CURRENT-LIABILITIES>                           69,250                    56,019
<BONDS>                                        778,505                   772,877
<PREFERRED-MANDATORY>                                0                         0
<PREFERRED>                                          0                         0
<COMMON>                                             1                         1
<OTHER-SE>                                   (126,507)                 (125,884)
<TOTAL-LIABILITY-AND-EQUITY>                   740,867                   713,273
<SALES>                                        242,592                   199,580
<TOTAL-REVENUES>                               242,592                   199,580
<CGS>                                          127,124                   114,617
<TOTAL-COSTS>                                  127,124                   114,617
<OTHER-EXPENSES>                                41,180                    31,519
<LOSS-PROVISION>                                     0                         0
<INTEREST-EXPENSE>                              77,824                    58,388
<INCOME-PRETAX>                                  5,827                     3,433
<INCOME-TAX>                                     1,621                   (1,090)
<INCOME-CONTINUING>                              4,236                     4,523
<DISCONTINUED>                                       0                         0
<EXTRAORDINARY>                                      0                         0
<CHANGES>                                            0                         0
<NET-INCOME>                                     4,236                     4,523
<EPS-PRIMARY>                                        0                         0
<EPS-DILUTED>                                        0                         0