<ARTICLE> 5 <LEGEND> THIS SCHEDULE, SUBMITTED AS EXHIBIT 27.1 TO FORM 10-Q, CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE CONSOLIDATED BALANCE SHEET AND STATEMENT OF INCOME OF KANSAS CITY SOUTHERN INDUSTRIES, INC., COMMISSION FILE NUMBER 1-4717, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> MAR-31-1997 <CASH> 11,100,000 <SECURITIES> 0 <RECEIVABLES> 149,700,000 <ALLOWANCES> 0 <INVENTORY> 38,800,000 <CURRENT-ASSETS> 256,700,000 <PP&E> 1,720,300,000 <DEPRECIATION> 500,600,000 <TOTAL-ASSETS> 2,332,200,000 <CURRENT-LIABILITIES> 240,600,000 <BONDS> 916,300,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 7,100,000 <COMMON> 400,000 <OTHER-SE> 691,000,000 <TOTAL-LIABILITY-AND-EQUITY> 2,332,200,000 <SALES> 0 <TOTAL-REVENUES> 228,100,000 <CGS> 0 <TOTAL-COSTS> 174,000,000 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 13,100,000 <INCOME-PRETAX> 54,200,000 <INCOME-TAX> 21,000,000 <INCOME-CONTINUING> 28,500,000 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 28,500,000 <EPS-PRIMARY> .77 <EPS-DILUTED> 0