<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
COMPANY'S CONSOLIDATED BALANCE SHEET AND CONSOLIDATED STATEMENT OF OPERATIONS
FOR THE SIX MONTHS ENDING JULY 1, 2000, AND SUCH IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0001051260
<NAME> GLENOIT ASSET CORPORATION
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-END> JUN-30-2000
<CASH> 20
<SECURITIES> 0
<RECEIVABLES> 55,006
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 55,026
<PP&E> 0
<DEPRECIATION> 0
<TOTAL-ASSETS> 55,026
<CURRENT-LIABILITIES> 10,767
<BONDS> 0
0
0
<COMMON> 0
<OTHER-SE> 44,259
<TOTAL-LIABILITY-AND-EQUITY> 55,026
<SALES> 0
<TOTAL-REVENUES> 3,574
<CGS> 0
<TOTAL-COSTS> 0
<OTHER-EXPENSES> 5
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> (1,653)
<INCOME-PRETAX> 5,222
<INCOME-TAX> 1,828
<INCOME-CONTINUING> 3,394
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 3,394
<EPS-BASIC> 3.39
<EPS-DILUTED> 3.39
</TABLE>