FINANCIAL DATA SCHEDULE
Published on
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS FINANCIAL INFORMATION EXTRACTED FROM PITNEY BOWES INC.
CONSOLIDATED BALANCE SHEET, CONSOLIDATED STATEMENT OF INCOME, CORRESPONDING
FOOTNOTE #3 FIXED ASSETS AND STATEMENT RE COMPUTATION OF PER SHARE EARNINGS AND
IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
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<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> MAR-31-1996
<CASH> 88,511
<SECURITIES> 2,160
<RECEIVABLES> 380,650
<ALLOWANCES> 12,654
<INVENTORY> 303,843
<CURRENT-ASSETS> 2,155,646
<PP&E> 1,083,437
<DEPRECIATION> 586,972
<TOTAL-ASSETS> 7,860,043
<CURRENT-LIABILITIES> 3,684,848
<BONDS> 849,172
<COMMON> 323,338
<PREFERRED-MANDATORY> 200,000
<PREFERRED> 2,549
<OTHER-SE> 1,782,694
<TOTAL-LIABILITY-AND-EQUITY> 7,860,043
<SALES> 384,004
<TOTAL-REVENUES> 906,265
<CGS> 238,764
<TOTAL-COSTS> 364,516
<OTHER-EXPENSES> 329,726
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 48,584
<INCOME-PRETAX> 163,439
<INCOME-TAX> 56,930
<INCOME-CONTINUING> 106,509
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 106,509
<EPS-PRIMARY> .70
<EPS-DILUTED> .70
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