WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE. <ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from the consolidated statements of financial position of U.S. Franchise Systems, Inc. and subsidiaries as of June 30, 1996 and December 31, 1995 and the related consolidated statements of operations for the six months ended June 30, 1996 and the period from August 28, 1995 (inception) to December 31, 1995. </LEGEND> <CIK> 0001020350 <PERIOD-TYPE> 4-MOS 6-MOS <FISCAL-YEAR-END> DEC-31-1995 DEC-31-1995 <PERIOD-START> APR-28-1995 JAN-01-1996 <PERIOD-END> DEC-31-1995 JUN-30-1996 <CASH> 13,893,000 12,732,000 <SECURITIES> 0 0 <RECEIVABLES> 0 122,000 <ALLOWANCES> 0 0 <INVENTORY> 0 0 <CURRENT-ASSETS> 14,379,000 13,290,000 <PP&E> 137,000 408,000 <DEPRECIATION> 3,000 19,000 <TOTAL-ASSETS> 18,072,000 19,027,000 <CURRENT-LIABILITIES> 1,114,000 5,261,000 <BONDS> 731,000 731,000 <PREFERRED-MANDATORY> 16,759,000 17,597,000 <PREFERRED> 0 0 <COMMON> 111,000<F1> 111,000<F1> <OTHER-SE> (643,000)<F1> (4,673,000)<F1> <TOTAL-LIABILITY-AND-EQUITY> 18,072,000 19,027,000 <SALES> 0 0 <TOTAL-REVENUES> 0 395,000 <CGS> 0 0 <TOTAL-COSTS> 1,327,000 3,849,000 <OTHER-EXPENSES> 0 0 <LOSS-PROVISION> 0 0 <INTEREST-EXPENSE> 36,000 72,000 <INCOME-PRETAX> (1,168,000) (3,195,000) <INCOME-TAX> 0 0 <INCOME-CONTINUING> (1,168,000) (3,195,000) <DISCONTINUED> 0 0 <EXTRAORDINARY> 0 0 <CHANGES> 0 0 <NET-INCOME> (1,645,000)<F2> (4,033,000)<F2> <EPS-PRIMARY> $ 1.48<F2> $ 3.63<F2> <EPS-DILUTED> $ 1.48<F2> $ 3.63<F2> <FN> <F1>Common stock and other stockholder's equity include common stock and additional paid-in-capital classified as redeemable common stock in the Companies financial statements. <F2>The net loss and related per share amounts are based on the losses applicable to common shareholders which represents the net loss adjusted for accrued dividends on the redeemable preferred stock. </FN>