RESTATED 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 IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
<RESTATED>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> JUN-30-1997
<CASH> 130,743
<SECURITIES> 1,474
<RECEIVABLES> 1,807,475<F1>
<ALLOWANCES> 60,937<F1>
<INVENTORY> 255,791
<CURRENT-ASSETS> 2,266,322
<PP&E> 2,735,770<F2>
<DEPRECIATION> 1,429,037<F2>
<TOTAL-ASSETS> 8,288,497
<CURRENT-LIABILITIES> 3,514,281
<BONDS> 1,172,053
<PREFERRED-MANDATORY> 300,000
<PREFERRED> 2,337
<COMMON> 323,338
<OTHER-SE> 1,763,156
<TOTAL-LIABILITY-AND-EQUITY> 8,288,497
<SALES> 867,579
<TOTAL-REVENUES> 1,967,481
<CGS> 523,298
<TOTAL-COSTS> 779,013
<OTHER-EXPENSES> 42,483
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 104,597
<INCOME-PRETAX> 383,745
<INCOME-TAX> 132,729
<INCOME-CONTINUING> 251,016
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 251,016
<EPS-PRIMARY> .86
<EPS-DILUTED> .85
<FN>
<F1>Receivables are comprised of trade receivables of $340,102 and short-term
finance receivables of $1,467,373. Allowances are comprised of allowance for
trade receivables of $17,423 and for short-term finance receivables of $43,514.
<F2>Property, plant and equipment are comprised of fixed assets of $1,093,043
and rental equipment and related inventories of $1,642,727. Depreciation is
comprised of depreciation on fixed assets of $608,161 and on rental equipment
and related inventories of $820,876.
</FN>
</TABLE>