<ARTICLE> 5
<LEGEND> This schedule contains restated<F1> summary financial information
extracted from the unaudited financial statements of Applied Power Inc. for the
three month period ended November 30, 1996 and is qualified in its entirety by
reference to such financial statements.
</LEGEND>
<RESTATED> 
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                         AUG-31-1997
<PERIOD-END>                              NOV-30-1996
<CASH>                                         15,029
<SECURITIES>                                        0               
<RECEIVABLES>                                 105,935      
<ALLOWANCES>                                    5,024      
<INVENTORY>                                   156,920      
<CURRENT-ASSETS>                              294,285       
<PP&E>                                        266,175      
<DEPRECIATION>                                145,905      
<TOTAL-ASSETS>                                604,690      
<CURRENT-LIABILITIES>                         131,783      
<BONDS>                                       167,373      
<PREFERRED-MANDATORY>                               0      
<PREFERRED>                                         0      
<COMMON>                                        2,911      
<OTHER-SE>                                    263,645      
<TOTAL-LIABILITY-AND-EQUITY>                  604,690      
<SALES>                                       207,760       
<TOTAL-REVENUES>                              207,760      
<CGS>                                         128,367               
<TOTAL-COSTS>                                 128,367       
<OTHER-EXPENSES>                                    0      
<LOSS-PROVISION>                                    0      
<INTEREST-EXPENSE>                              3,675      
<INCOME-PRETAX>                                20,777      
<INCOME-TAX>                                    7,436      
<INCOME-CONTINUING>                            13,341      
<DISCONTINUED>                                      0       
<EXTRAORDINARY>                                     0      
<CHANGES>                                           0       
<NET-INCOME>                                   13,341      
<EPS-PRIMARY>                                     .36      
<EPS-DILUTED>                                     .34      
<FN>
<F1> As restated to reflect the merger with ZERO Corporation which was 
     accounted for as a pooling of interests.
</FN>