<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