<ARTICLE> 5 <LEGEND> Note: This schedule contains summary financial information extracted from the Form 10-Q for the Quarter Ended June 30, 1999 and is qualified in its entirety by reference to such financial statements. </LEGEND> <CIK> 0001027574 <NAME> OUTSOURCING SOLUTIONS INC. <MULTIPLIER> 1,000 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> JUN-30-1999 <CASH> 32,095 <SECURITIES> 0 <RECEIVABLES> 45,779 <ALLOWANCES> 614 <INVENTORY> 30,202 <CURRENT-ASSETS> 116,671 <PP&E> 71,231 <DEPRECIATION> 31,120 <TOTAL-ASSETS> 599,221 <CURRENT-LIABILITIES> 111,352 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 13,159 <COMMON> 53 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 599,221 <SALES> 0 <TOTAL-REVENUES> 257,076 <CGS> 0 <TOTAL-COSTS> 237,962 <OTHER-EXPENSES> 76 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 25,209 <INCOME-PRETAX> (6,171) <INCOME-TAX> 375 <INCOME-CONTINUING> (6,546) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (6,546) <EPS-BASIC> 0 <EPS-DILUTED> 0