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> 9-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> SEP-30-1996
<CASH> 134,032
<SECURITIES> 1,327
<RECEIVABLES> 1,764,485<F1>
<ALLOWANCES> 52,409<F1>
<INVENTORY> 275,374
<CURRENT-ASSETS> 2,233,198
<PP&E> 2,749,364<F2>
<DEPRECIATION> 1,446,378<F2>
<TOTAL-ASSETS> 7,983,258
<CURRENT-LIABILITIES> 3,233,697
<BONDS> 1,300,221
<PREFERRED> 2,461
<PREFERRED-MANDATORY> 200,000
<COMMON> 323,338
<OTHER-SE> 1,847,755
<TOTAL-LIABILITY-AND-EQUITY> 7,983,258
<SALES> 1,198,847
<TOTAL-REVENUES> 2,799,916
<CGS> 745,560
<TOTAL-COSTS> 1,119,001
<OTHER-EXPENSES> 58,487
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 151,095
<INCOME-PRETAX> 522,085
<INCOME-TAX> 180,338
<INCOME-CONTINUING> 341,747
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 341,747
<EPS-PRIMARY> 1.14
<EPS-DILUTED> 1.13
<FN>
<F1>Receivables are comprised of trade receivables of $366,720 and short-term
finance receivables of $1,397,765. Allowances are comprised of allowance for
trade receivables of $13,934 and for short-term finance receivables of $38,475.
<F2>Property, plant and equipment are comprised of fixed assets of $1,095,719
and rental equipment and related inventories of $1,653,645. Depreciation is
comprised of depreciation on fixed assets of $601,178 and on rental equipment
and related inventories of $845,200.
</FN>
</TABLE>