<TABLE> <S> <C>
                                              
<ARTICLE>                                          5
<LEGEND>                                       
***RESTATED FINANCIAL DATA SCHEDULE***
   --------------------------------
THIS STATEMENT CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE 
CONSOLIDATED BALANCE SHEET AT SEPTEMBER 30, 1997 AND THE CONSOLIDATED STATEMENT 
OF INCOME AND THE CONSOLIDATED STATEMENT OF CASH FLOW FOR THE NINE MONTHS ENDED
SEPTEMBER 30, 1997 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH 
FINANCIAL STATEMENTS.
</LEGEND>                                      
<CIK>                                              0000003941
<NAME>                                             ALLIED PRODUCTS CORPORATION
<MULTIPLIER>                                                 1,000

                                                    
<S>                                                  <C>
<PERIOD-TYPE>                                      9-MOS  
<FISCAL-YEAR-END>                                  DEC-31-1997
<PERIOD-START>                                     JAN-01-1997
<PERIOD-END>                                       SEP-30-1997

<CASH>                                                         503
<SECURITIES>                                                     0
<RECEIVABLES>                                               63,065
<ALLOWANCES>                                                   685
<INVENTORY>                                                 68,869
<CURRENT-ASSETS>                                           146,459
<PP&E>                                                      97,225
<DEPRECIATION>                                              52,777
<TOTAL-ASSETS>                                             199,017
<CURRENT-LIABILITIES>                                       93,107
<BONDS>                                                        344
<PREFERRED-MANDATORY>                                            0
<PREFERRED>                                                      0
<COMMON>                                                       140
<OTHER-SE>                                                  93,915
<TOTAL-LIABILITY-AND-EQUITY>                               199,017
<SALES>                                                    213,497
<TOTAL-REVENUES>                                           213,497
<CGS>                                                      160,064
<TOTAL-COSTS>                                              160,064
<OTHER-EXPENSES>                                            27,902
<LOSS-PROVISION>                                               106
<INTEREST-EXPENSE>                                           2,499
<INCOME-PRETAX>                                             25,531
<INCOME-TAX>                                                 9,141
<INCOME-CONTINUING>                                         16,390
<DISCONTINUED>                                                   0
<EXTRAORDINARY>                                                  0
<CHANGES>                                                        0
<NET-INCOME>                                                16,390
<EPS-PRIMARY>                                                 1.35
<EPS-DILUTED>                                                 1.32
        
 
 
 


</TABLE>