<TABLE> <S> <C>

<ARTICLE> 5
<LEGEND>

                                                                                                       Exhibit 27.1
                                               ANDERSEN GROUP, INC.
                                         RESTATED FINANCIAL DATA SCHEDULE
                       COMMERCIAL AND INDUSTRIAL COMPANIES
                           ARTICLE 5 OF REGULATION S-X

     THIS SCHEDULE  CONTAINS SUMMARY  FINANCIAL  INFORMATION  EXTRACTED FROM THE
REGISTRANT'S  FORM 10-Q FOR THE  QUARTERLY  PERIOD  ENDING  MAY 31,  1997 AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FORM 10-Q.
</LEGEND>
<MULTIPLIER> 1,000
        
<S>                                                          <C>
<PERIOD-TYPE>                                                       3-MOS
<FISCAL-YEAR-END>                                                   FEB-28-1997
<PERIOD-START>                                                      MAR-01-1996
<PERIOD-END>                                                        MAY-31-1996
<CASH>                                                                       2,977
<SECURITIES>                                                                 4,798
<RECEIVABLES>                                                                5,193
<ALLOWANCES>                                                                 (176)
<INVENTORY>                                                                  7,019
<CURRENT-ASSETS>                                                            19,944
<PP&E>                                                                      17,188
<DEPRECIATION>                                                             (7,955)
<TOTAL-ASSETS>                                                              38,241
<CURRENT-LIABILITIES>                                                        7,977
<BONDS>                                                                      7,531
<PREFERRED-MANDATORY>                                                        5,295
<PREFERRED>                                                                      0
<COMMON>                                                                     2,103
<OTHER-SE>                                                                  11,999
<TOTAL-LIABILITY-AND-EQUITY>                                                38,241
<SALES>                                                                      7,389
<TOTAL-REVENUES>                                                             8,050
<CGS>                                                                        4,656
<TOTAL-COSTS>                                                                7,019
<OTHER-EXPENSES>                                                             2,165
<LOSS-PROVISION>                                                                52
<INTEREST-EXPENSE>                                                             198
<INCOME-PRETAX>                                                              1,031
<INCOME-TAX>                                                                   412
<INCOME-CONTINUING>                                                            619
<DISCONTINUED>                                                                   0
<EXTRAORDINARY>                                                                  0
<CHANGES>                                                                        0
<NET-INCOME>                                                                   477
<EPS-PRIMARY>                                                                  .25
<EPS-DILUTED>                                                                  .25



        


</TABLE>