<ARTICLE> UT <CIK> 0000018540 <NAME> CENTRAL AND SOUTH WEST CORPORTION <SUBSIDIARY> <NUMBER> 001 <NAME> CENTRAL AND SOUTH WEST CORPORATION <MULTIPLIER> 1,000,000 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> SEP-30-1998 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 8,255 <OTHER-PROPERTY-AND-INVEST> 348 <TOTAL-CURRENT-ASSETS> 2,046 <TOTAL-DEFERRED-CHARGES> 499 <OTHER-ASSETS> 2,957 <TOTAL-ASSETS> 14,105 <COMMON> 744 <CAPITAL-SURPLUS-PAID-IN> 1,046 <RETAINED-EARNINGS> 1,889 <TOTAL-COMMON-STOCKHOLDERS-EQ> 3,679 <PREFERRED-MANDATORY> 0 <PREFERRED> 176 <LONG-TERM-DEBT-NET> 3,993 <SHORT-TERM-NOTES> 0 <LONG-TERM-NOTES-PAYABLE> 40 <COMMERCIAL-PAPER-OBLIGATIONS> 1,723 <LONG-TERM-DEBT-CURRENT-PORT> 142 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 4 <LEASES-CURRENT> 2 <OTHER-ITEMS-CAPITAL-AND-LIAB> 4,346 <TOT-CAPITALIZATION-AND-LIAB> 14,105 <GROSS-OPERATING-REVENUE> 4,182 <INCOME-TAX-EXPENSE> 218 <OTHER-OPERATING-EXPENSES> 3,243 <TOTAL-OPERATING-EXPENSES> 3,461 <OPERATING-INCOME-LOSS> 721 <OTHER-INCOME-NET> 35 <INCOME-BEFORE-INTEREST-EXPEN> 756 <TOTAL-INTEREST-EXPENSE> 357 <NET-INCOME> 399 <PREFERRED-STOCK-DIVIDENDS> 6 <EARNINGS-AVAILABLE-FOR-COMM> 399 <COMMON-STOCK-DIVIDENDS> 277 <TOTAL-INTEREST-ON-BONDS> 141 <CASH-FLOW-OPERATIONS> 624 <EPS-PRIMARY> 1.88 <EPS-DILUTED> 1.88