<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS FINANCIAL INFORMATION FROM CAPSTEAD MORTGAGE
CORPORATION'S QUARTERLY REPORT ON FORM 10-Q FOR THE QUARTER ENDED JUNE 30, 2000
AND IS QUALIFIED IN ITS ENTIRETY TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-START> JAN-01-2000
<PERIOD-END> JUN-30-2000
<CASH> 11,141
<SECURITIES> 0
<RECEIVABLES> 0
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 0
<PP&E> 0
<DEPRECIATION> 0
<TOTAL-ASSETS> 8,259,285
<CURRENT-LIABILITIES> 4,412,038
<BONDS> 3,315,301
0
183,694
<COMMON> 226
<OTHER-SE> 348,026
<TOTAL-LIABILITY-AND-EQUITY> 8,259,285
<SALES> 0
<TOTAL-REVENUES> 291,302
<CGS> 0
<TOTAL-COSTS> 0
<OTHER-EXPENSES> 97,719
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 266,165
<INCOME-PRETAX> (72,582)
<INCOME-TAX> 0
<INCOME-CONTINUING> (72,582)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (72,582)
<EPS-BASIC> (3.61)
<EPS-DILUTED> (3.61)
</TABLE>