<TABLE> <S> <C>


<ARTICLE>                     5
<LEGEND>
            ***    RESTATED FINANCIAL DATA SCHEDULE    ***
THIS STATEMENT CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED BALANCE SHEET AT DECEMBER 31, 1996 AND DECEMBER 31, 1995
AND THE CONSOLIDATED STATEMENT OF INCOME AND THE CONSOLIDATED STATEMENT OF 
CASH FLOW FOR THE YEARS ENDED DECEMBER 31, 1996 AND DECEMBER 31, 1995 AND IS 
QUALIFIED IN ITS ENTIRITY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.     
</LEGEND>
<CIK>                 0000003941        
<NAME>           ALLIED PRODUCTS CORPORATION         
<MULTIPLIER>                                   1,000
<CURRENCY>                                     US DOLLARS
       
<S>                      <C>                     <C>                                   
<PERIOD-TYPE>            YEAR                    YEAR
<FISCAL-YEAR-END>           DEC-31-1996              DEC-31-1995
<PERIOD-START>              JAN-01-1996              JAN-31-1995
<PERIOD-END>                DEC-31-1996              DEC-31-1995
<EXCHANGE-RATE>                   1.000                    1.000
<CASH>                              833                      744
<SECURITIES>                        0                        0
<RECEIVABLES>                    53,543                   45,241      
<ALLOWANCES>                        629                      948
<INVENTORY>                      56,790                   52,406
<CURRENT-ASSETS>                125,260                  120,304
<PP&E>                           89,434                   85,519
<DEPRECIATION>                   51,048                   47,083
<TOTAL-ASSETS>                  171,949                  166,743
<CURRENT-LIABILITIES>            74,460                   65,357
<BONDS>                             489                      315
<PREFERRED-MANDATORY>               0                        0
<PREFERRED>                         0                        0
<COMMON>                             94                       91
<OTHER-SE>                       93,359                   98,174
<TOTAL-LIABILITY-AND-EQUITY>    171,949                  166,743
<SALES>                         274,414                  260,861
<TOTAL-REVENUES>                274,414                  260,861
<CGS>                           209,118                  199,544
<TOTAL-COSTS>                   209,118                  199,544
<OTHER-EXPENSES>                 35,588                   42,987
<LOSS-PROVISION>                    214                      451
<INTEREST-EXPENSE>                1,557                    1,052
<INCOME-PRETAX>                  29,708                   18,330
<INCOME-TAX>                     10,704                  (15,659)
<INCOME-CONTINUING>              19,004                   33,989
<DISCONTINUED>                      0                        0
<EXTRAORDINARY>                     0                        0
<CHANGES>                           0                        0
<NET-INCOME>                     19,004                   33,989
<EPS-PRIMARY>                      1.41                     2.39
<EPS-DILUTED>                      1.39                     2.34
        


</TABLE>