<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM TANDY
BRANDS ACCESSORIES, INC.'S MARCH 31, 1997 FORM 10-Q (RESTATED AS REQUIRED BY
REGULATION S-K ITEM 601(c)(2)(iii).) AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FORM 10-Q FILINGS. DOLLARS ARE IN THOUSANDS.
</LEGEND>
<RESTATED> 
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          JUN-30-1997
<PERIOD-END>                               MAR-31-1997
<CASH>                                             383
<SECURITIES>                                         0
<RECEIVABLES>                                   19,152
<ALLOWANCES>                                     1,214
<INVENTORY>                                     33,831
<CURRENT-ASSETS>                                54,100
<PP&E>                                          10,101
<DEPRECIATION>                                   5,007
<TOTAL-ASSETS>                                  69,079
<CURRENT-LIABILITIES>                           11,056
<BONDS>                                         16,850
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                         5,470
<OTHER-SE>                                      35,451
<TOTAL-LIABILITY-AND-EQUITY>                    69,079
<SALES>                                         77,462
<TOTAL-REVENUES>                                77,462
<CGS>                                           48,706
<TOTAL-COSTS>                                   48,706
<OTHER-EXPENSES>                                 1,304
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                 954
<INCOME-PRETAX>                                  5,602
<INCOME-TAX>                                     2,094
<INCOME-CONTINUING>                              3,508
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     3,508
<EPS-PRIMARY>                                      .65
<EPS-DILUTED>                                      .64