<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> 12-MOS <FISCAL-YEAR-END> Dec-31-1998 <PERIOD-END> Dec-31-1998 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 8,263 <OTHER-PROPERTY-AND-INVEST> 333 <TOTAL-CURRENT-ASSETS> 1,751 <TOTAL-DEFERRED-CHARGES> 497 <OTHER-ASSETS> 2,900 <TOTAL-ASSETS> 13,744 <COMMON> 744 <CAPITAL-SURPLUS-PAID-IN> 1,049 <RETAINED-EARNINGS> 1,831 <TOTAL-COMMON-STOCKHOLDERS-EQ> 3,624 <PREFERRED-MANDATORY> 0 <PREFERRED> 176 <LONG-TERM-DEBT-NET> 4,078 <SHORT-TERM-NOTES> 0 <LONG-TERM-NOTES-PAYABLE> 40 <COMMERCIAL-PAPER-OBLIGATIONS> 1,560 <LONG-TERM-DEBT-CURRENT-PORT> 166 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 2 <LEASES-CURRENT> 3 <OTHER-ITEMS-CAPITAL-AND-LIAB> 4,095 <TOT-CAPITALIZATION-AND-LIAB> 13,744 <GROSS-OPERATING-REVENUE> 5,482 <INCOME-TAX-EXPENSE> 203 <OTHER-OPERATING-EXPENSES> 4,413 <TOTAL-OPERATING-EXPENSES> 4,616 <OPERATING-INCOME-LOSS> 866 <OTHER-INCOME-NET> 42 <INCOME-BEFORE-INTEREST-EXPEN> 908 <TOTAL-INTEREST-EXPENSE> 468 <NET-INCOME> 440 <PREFERRED-STOCK-DIVIDENDS> 8 <EARNINGS-AVAILABLE-FOR-COMM> 440 <COMMON-STOCK-DIVIDENDS> 369 <TOTAL-INTEREST-ON-BONDS> 208 <CASH-FLOW-OPERATIONS> 942 <EPS-PRIMARY> 2.07 <EPS-DILUTED> 2.07