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 AND CORRESPONDING
FOOTNOTE #3 FIXED ASSETS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
<CAPTION>
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> DEC-31-1998
<CASH> 125,684
<SECURITIES> 3,302
<RECEIVABLES> 1,859,089<F1>
<ALLOWANCES> 75,897<F1>
<INVENTORY> 266,734
<CURRENT-ASSETS> 2,508,963
<PP&E> 2,860,568<F2>
<DEPRECIATION> 1,576,507<F2>
<TOTAL-ASSETS> 7,661,039
<CURRENT-LIABILITIES> 2,721,812
<BONDS> 1,712,937
<COMMON> 323,338
<PREFERRED-MANDATORY> 310,097
<PREFERRED> 2,065
<OTHER-SE> 1,322,599
<TOTAL-LIABILITY-AND-EQUITY> 7,661,039
<SALES> 1,993,546
<TOTAL-REVENUES> 4,220,517
<CGS> 1,146,404
<TOTAL-COSTS> 1,663,571
<OTHER-EXPENSES> 100,806
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 168,558
<INCOME-PRETAX> 864,177
<INCOME-TAX> 296,236
<INCOME-CONTINUING> 567,941
<DISCONTINUED> 8,453
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 576,394
<EPS-PRIMARY> 2.10
<EPS-DILUTED> 2.06
<FN>
<F1> Receivables are comprised of trade receivables of $407,071 and short-term
finance receivables of $1,452,018. Allowances are comprised of allowance for
trade receivables of $24,665 and for short-term finance receivables of $51,232.
<F2> Property, plant and equipment are comprised of fixed assets of $1,153,573
and rental equipment and related inventories of $1,706,995. Depreciation is
comprised of depreciation on fixed assets of $676,097 and on rental equipment
and related inventories of $900,410.
</FN>
</TABLE>