FINANCIAL DATA SHCEDULE
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 AND CORRESPONDING
FOOTNOTE #3 FIXED ASSETS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> DEC-31-1997
<CASH> 137,073
<SECURITIES> 1,722
<RECEIVABLES> 1,970,633<F1>
<ALLOWANCES> 75,299<F1>
<INVENTORY> 249,207
<CURRENT-ASSETS> 2,463,515
<PP&E> 2,697,695<F2>
<DEPRECIATION> 1,412,399<F2>
<TOTAL-ASSETS> 7,893,389
<CURRENT-LIABILITIES> 3,373,233
<BONDS> 1,068,395
<COMMON> 323,338
<PREFERRED-MANDATORY> 300,000
<PREFERRED> 2,259
<OTHER-SE> 1,546,980
<TOTAL-LIABILITY-AND-EQUITY> 7,893,389
<SALES> 1,834,057
<TOTAL-REVENUES> 4,100,464
<CGS> 1,081,537
<TOTAL-COSTS> 1,639,306
<OTHER-EXPENSES> 89,463
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 209,194
<INCOME-PRETAX> 803,098
<INCOME-TAX> 277,071
<INCOME-CONTINUING> 526,027
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 526,027
<EPS-PRIMARY> 1.82
<EPS-DILUTED> 1.80
<FN>
<F1>Receivables are comprised of trade receivables of $369,921 and short-term
finance receivables of $1,600,712. Allowances are comprised of allowance for
trade receivables of $21,129 and for short-term finance receivables of $54,170.
<F2>Property, plant and equipment are comprised of fixed assets of $1,120,325
and rental equipment and related inventories of $1,577,370. Depreciation is
comprised of depreciation on fixed assets of $623,064 and on rental equipment
and related inventories of $789,335.
</FN>
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