<TABLE> <S> <C>

<ARTICLE>                     5
<LEGEND>
THIS  SCHEDULE  CONTAINS  SUMMARY  FINANCIAL   INFORMATION  EXTRACTED  FROM  THE
CONSOLIDATED  BALANCE  SHEET AT DECEMBER  31, 1995 AND THE RELATED  CONSOLIDATED
STATEMENTS OF INCOME AND OF CASH FLOWS FOR THE TWELVE MONTHS ENDED  DECEMBER 31,
1995 OF THREE-FIVE  SYSTEMS,  INC. AND ITS  SUBSIDIARIES,  IN ADDITION,  CERTAIN
ENTRIES HAVE BEEN AMENDED FROM THE PREVIOUS  FINANCIAL  DATA SCHEDULE  FILED FOR
THIS  PERIOD.  THIS  SCHEDULE IS  QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.  THIS EXHIBIT SHALL NOT BE DEEMED FILED FOR THE PURPOSE OF
SECTION  11 OF THE  SECURITIES  ACT OF 1933  AND  SECTION  18 OF THE  SECURITIES
EXCHANGE ACT OF 1934, OR OTHERWISE  SUBJECT TO THE  LIABILITY OF SUCH  SECTIONS,
NOR SHALL IT BE DEEMED A PART OF ANY OTHER FILING WHICH INCORPORATES THIS REPORT
BY REFERENCE,  UNLESS SUCH OTHER FILING EXPRESSLY  INCORPORATES  THIS EXHIBIT BY
REFERENCE.
</LEGEND>
<RESTATED>
<MULTIPLIER>                  1,000
<CURRENCY>                    U.S. Dollars
       
<S>                           <C>                              
<PERIOD-TYPE>                 12-MOS                           
<FISCAL-YEAR-END>                                                    DEC-31-1995
<PERIOD-START>                                                       JAN-01-1995
<PERIOD-END>                                                         DEC-31-1995
<EXCHANGE-RATE>                                                                1
<CASH>                                                                     4,551
<SECURITIES>                                                                   0
<RECEIVABLES>                                                              9,949
<ALLOWANCES>                                                                 603
<INVENTORY>                                                               13,703
<CURRENT-ASSETS>                                                          29,917
<PP&E>                                                                    38,346
<DEPRECIATION>                                                             4,853
<TOTAL-ASSETS>                                                            63,780
<CURRENT-LIABILITIES>                                                      7,517
<BONDS>                                                                        0
<PREFERRED-MANDATORY>                                                          0
<PREFERRED>                                                                    0
<COMMON>                                                                      77
<OTHER-SE>                                                                     0
<TOTAL-LIABILITY-AND-EQUITY>                                              63,780
<SALES>                                                                   91,585
<TOTAL-REVENUES>                                                          91,585
<CGS>                                                                     70,481
<TOTAL-COSTS>                                                             78,263
<OTHER-EXPENSES>                                                             122
<LOSS-PROVISION>                                                               0
<INTEREST-EXPENSE>                                                             0
<INCOME-PRETAX>                                                           13,965
<INCOME-TAX>                                                               5,548
<INCOME-CONTINUING>                                                        8,417
<DISCONTINUED>                                                                 0
<EXTRAORDINARY>                                                                0
<CHANGES>                                                                      0
<NET-INCOME>                                                               8,417
<EPS-PRIMARY>                                                               1.09
<EPS-DILUTED>                                                               1.04
                                                                                

</TABLE>