<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.

<MULTIPLIER> 1,000

                             
<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
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                    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)