<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM TANDY BRANDS ACCESSORIES, INC.'S DECEMBER 31, 1996 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> 6-MOS <FISCAL-YEAR-END> JUN-30-1997 <PERIOD-END> DEC-31-1996 <CASH> 551 <SECURITIES> 0 <RECEIVABLES> 15,623 <ALLOWANCES> 877 <INVENTORY> 32,797 <CURRENT-ASSETS> 50,789 <PP&E> 9,745 <DEPRECIATION> 4,759 <TOTAL-ASSETS> 65,805 <CURRENT-LIABILITIES> 9,723 <BONDS> 15,800 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 5,447 <OTHER-SE> 35,567 <TOTAL-LIABILITY-AND-EQUITY> 65,805 <SALES> 53,540 <TOTAL-REVENUES> 53,540 <CGS> 33,721 <TOTAL-COSTS> 33,721 <OTHER-EXPENSES> 874 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 641 <INCOME-PRETAX> 4,361 <INCOME-TAX> 1,598 <INCOME-CONTINUING> 2,763 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2,763 <EPS-PRIMARY> .51 <EPS-DILUTED> .51