<TABLE> <S> <C>


<ARTICLE>                     5
<LEGEND>
            ***    RESTATED FINANCIAL DATA SCHEDULE    ***
THIS STATEMENT CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED BALANCE SHEET AT MARCH 31, 1997 AND JUNE 30, 1997 AND 
SEPTEMBER 30, 1997 AND THE CONSOLIDATED STATEMENT OF INCOME AND THE 
CONSOLIDATED STATEMENT OF CASH FLOW FOR THE QUARTERS ENDED MARCH 31, 1997 AND
JUNE 30, 1997 AND SEPTEMBER 30, 1997  AND IS QUALIFIED IN ITS ENTIRITY BY 
REFERENCE TO SUCH FINANCIAL STATEMENTS.       
</LEGEND>
<CIK>                   0000003941      
<NAME>             ALLIED PRODUCTS CORPORATION           
<MULTIPLIER>                  1000                  
<CURRENCY>                   US DOLLARS                   
       
<S>                           <C>                <C>              <C>                                 
<PERIOD-TYPE>                 3-MOS              6-MOS            9-MOS
<FISCAL-YEAR-END>               DEC-31-1997        DEC-31-1997      DEC-31-1997
<PERIOD-START>                  JAN-01-1997        JAN-01-1997      JAN-01-1997
<PERIOD-END>                    MAR-31-1997        JUN-30-1997      SEP-30-1997
<EXCHANGE-RATE>                       1.000              1.000            1.000
<CASH>                                1,141              1,168              503
<SECURITIES>                            0                  0                0 
<RECEIVABLES>                        80,454             75,669           63,065
<ALLOWANCES>                            637                680              685
<INVENTORY>                          55,169             61,307           68,869
<CURRENT-ASSETS>                    150,829            152,172          146,459
<PP&E>                               90,703             94,698           97,225
<DEPRECIATION>                       50,949             51,865           52,777
<TOTAL-ASSETS>                      198,799            203,051          199,017
<CURRENT-LIABILITIES>               106,137            101,468           93,107
<BONDS>                                 441                393              344
<PREFERRED-MANDATORY>                   0                  0                0
<PREFERRED>                             0                  0                0 
<COMMON>                                 94                 94              140
<OTHER-SE>                           86,176             92,032           93,915
<TOTAL-LIABILITY-AND-EQUITY>        198,799            203,051          199,017  
<SALES>                              72,881            149,783          213,497
<TOTAL-REVENUES>                     72,881            149,783          213,497
<CGS>                                55,226            112,549          160,064
<TOTAL-COSTS>                        55,226            112,549          160,064 
<OTHER-EXPENSES>                      9,616             19,461           27,902   
<LOSS-PROVISION>                         19                 76              106
<INTEREST-EXPENSE>                      694              1,652            2,499
<INCOME-PRETAX>                       8,039             17,773           25,531
<INCOME-TAX>                          2,868              6,396            9,141
<INCOME-CONTINUING>                   5,171             11,377           16,390
<DISCONTINUED>                          0                  0                0
<EXTRAORDINARY>                         0                  0                0
<CHANGES>                               0                  0                0
<NET-INCOME>                          5,171             11,377           16,390
<EPS-PRIMARY>                           .42                .93             1.35
<EPS-DILUTED>                           .41                .91             1.32
        


</TABLE>