<ARTICLE> UT <SUBSIDIARY> <NUMBER> 001 <NAME> CENTRAL AND SOUTH WEST CORPORATION <MULTIPLIER> 1,000,000 <PERIOD-TYPE> 3-MOS 3-MOS <FISCAL-YEAR-END> DEC-31-1995 DEC-31-1994 <PERIOD-END> MAR-31-1995 MAR-31-1994 <BOOK-VALUE> PER-BOOK PER-BOOK <TOTAL-NET-UTILITY-PLANT> 7,382 0 <OTHER-PROPERTY-AND-INVEST> 942 0 <TOTAL-CURRENT-ASSETS> 1,076 0 <TOTAL-DEFERRED-CHARGES> 515 0 <OTHER-ASSETS> 901 0 <TOTAL-ASSETS> 10,816 0 <COMMON> 669 0 <CAPITAL-SURPLUS-PAID-IN> 573 0 <RETAINED-EARNINGS> 1,781 0 <TOTAL-COMMON-STOCKHOLDERS-EQ> 3,023 0 <PREFERRED-MANDATORY> 35 0 <PREFERRED> 292 0 <LONG-TERM-DEBT-NET> 2,894 0 <SHORT-TERM-NOTES> 0 0 <LONG-TERM-NOTES-PAYABLE> 50 0 <COMMERCIAL-PAPER-OBLIGATIONS> 1,424 0 <LONG-TERM-DEBT-CURRENT-PORT> 27 0 <PREFERRED-STOCK-CURRENT> 1 0 <CAPITAL-LEASE-OBLIGATIONS> 12 0 <LEASES-CURRENT> 5 0 <OTHER-ITEMS-CAPITAL-AND-LIAB> 3,053 0 <TOT-CAPITALIZATION-AND-LIAB> 10,816 0 <GROSS-OPERATING-REVENUE> 659 850 <INCOME-TAX-EXPENSE> (43) 15 <OTHER-OPERATING-EXPENSES> 612 742 <TOTAL-OPERATING-EXPENSES> 569 757 <OPERATING-INCOME-LOSS> 90 93 <OTHER-INCOME-NET> 35 23 <INCOME-BEFORE-INTEREST-EXPEN> 125 116 <TOTAL-INTEREST-EXPENSE> 81 68 <NET-INCOME> 44 48 <PREFERRED-STOCK-DIVIDENDS> 5 5 <EARNINGS-AVAILABLE-FOR-COMM> 39 43 <COMMON-STOCK-DIVIDENDS> 82 80 <TOTAL-INTEREST-ON-BONDS> 56 53 <CASH-FLOW-OPERATIONS> 93 107 <EPS-PRIMARY> 0.20 0.23 <EPS-DILUTED> 0.20 0.23