<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM TANDY BRANDS
ACCESSORIES, INC.'S SEPTEMBER 30, 1997 AND 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>                   3-MOS                   9-MOS
<FISCAL-YEAR-END>                          JUN-30-1998             JUN-30-1997
<PERIOD-END>                               SEP-30-1997             SEP-30-1996
<CASH>                                             656                     361
<SECURITIES>                                         0                       0
<RECEIVABLES>                                   22,685                  16,951
<ALLOWANCES>                                     1,650                   1,003
<INVENTORY>                                     35,096                  26,412
<CURRENT-ASSETS>                                59,064                   1,797
<PP&E>                                           9,866                   9,461
<DEPRECIATION>                                   5,053                   4,517
<TOTAL-ASSETS>                                  73,742                  66,493
<CURRENT-LIABILITIES>                            7,720                  11,222
<BONDS>                                         21,100                  16,800
<PREFERRED-MANDATORY>                                0                       0
<PREFERRED>                                          0                       0
<COMMON>                                         5,544                   5,417
<OTHER-SE>                                      39,066                  32,738
<TOTAL-LIABILITY-AND-EQUITY>                    73,742                  66,493
<SALES>                                         30,865                  23,661
<TOTAL-REVENUES>                                30,865                  23,661
<CGS>                                           19,249                  14,728
<TOTAL-COSTS>                                   19,249                  14,728
<OTHER-EXPENSES>                                   437                     446
<LOSS-PROVISION>                                     0                       0
<INTEREST-EXPENSE>                                 274                     286
<INCOME-PRETAX>                                  3,132                   1,681
<INCOME-TAX>                                     1,200                     618
<INCOME-CONTINUING>                              1,932                   1,063
<DISCONTINUED>                                       0                       0
<EXTRAORDINARY>                                      0                       0
<CHANGES>                                            0                       0
<NET-INCOME>                                     1,932                   1,063
<EPS-PRIMARY>                                      .35                     .20
<EPS-DILUTED>                                      .35                     .20