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-31-1996
<PERIOD-END> JUN-30-1996
<CASH> 92,787
<SECURITIES> 996
<RECEIVABLES> 1,755,600<F1>
<ALLOWANCES> 52,035<F1>
<INVENTORY> 289,310
<CURRENT-ASSETS> 2,190,927
<PP&E> 2,724,583<F2>
<DEPRECIATION> 1,440,700<F2>
<TOTAL-ASSETS> 7,888,458
<CURRENT-LIABILITIES> 3,694,080
<BONDS> 801,455
<COMMON> 323,338
<PREFERRED-MANDATORY> 200,000
<PREFERRED> 2,504
<OTHER-SE> 1,812,670
<TOTAL-LIABILITY-AND-EQUITY> 7,888,458
<SALES> 794,653
<TOTAL-REVENUES> 1,849,202
<CGS> 496,803
<TOTAL-COSTS> 737,130
<OTHER-EXPENSES> 39,347
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 98,883
<INCOME-PRETAX> 345,635
<INCOME-TAX> 120,593
<INCOME-CONTINUING> 225,042
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 225,042
<EPS-PRIMARY> .75
<EPS-DILUTED> .74
<FN>
<F1>Receivables are comprised of trade receivables of $370,630 and short-term
finance receivables of $1,384,970. Allowances are comprised of allowance for
trade receivables of $13,880 and for short-term finance receivables of $38,155.
<F2>Property, plant and equipment are comprised of fixed assets of $1,086,105
and rental equipment and related inventories of $1,638,478. Depreciation is
comprised of depreciation on fixed assets of $591,887 and on rental equipment
and related inventories of $848,813.
</FN>
</TABLE>