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<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 nine months ending September 30, 2000, and such is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<NAME> GLENOIT ASSET CORPORATION
<CIK> 0001051260
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-END> SEP-30-2000
<CASH> 19
<SECURITIES> 0
<RECEIVABLES> 57,894
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 57,913
<PP&E> 0
<DEPRECIATION> 0
<TOTAL-ASSETS> 57,913
<CURRENT-LIABILITIES> 11,778
<BONDS> 0
0
0
<COMMON> 0
<OTHER-SE> 46,135
<TOTAL-LIABILITY-AND-EQUITY> 57,913
<SALES> 0
<TOTAL-REVENUES> 5,577
<CGS> 0
<TOTAL-COSTS> 0
<OTHER-EXPENSES> 8
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> (2,539)
<INCOME-PRETAX> 8,108
<INCOME-TAX> 2,838
<INCOME-CONTINUING> 5,270
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 5,270
<EPS-BASIC> 5.27
<EPS-DILUTED> 5.27
</TABLE>
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