Form: 10-K

Annual report pursuant to Section 13 and 15(d)

March 31, 1999

FDS ART. 5 FOR THE YEAR ENDED 12/31/98

Published on March 31, 1999





5
0000826675
Dynex Capital, Inc.
1000


12-mos
DEC-31-1998
JAN-1-1998
DEC-31-1998
30,103
4,567,883
4,162
0
0
0
0
0
5,178,802
0
3,665,316
0
127,407
460
324,937
5,178,802
0
410,821
0
0
66,910
6,421
330,361
7,129
0
7,129
0
(571)
0
6,558
0.14
0.14


The Company's balance sheet is unclassified.