WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE. <ARTICLE> UT <LEGEND> This schedule contains summary financial information extracted from SERI's financial statements for quarter ended March 31, 1996 and is qualified in its entirety by reference to such financial statements. </LEGEND> <SUBSIDIARY> <NUMBER> 012 <NAME> SYSTEM ENERGY RESOURCES, INC. <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-END> MAR-31-1996 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 2,630,740 <OTHER-PROPERTY-AND-INVEST> 43,770 <TOTAL-CURRENT-ASSETS> 204,122 <TOTAL-DEFERRED-CHARGES> 557,664 <OTHER-ASSETS> 0 <TOTAL-ASSETS> 3,436,296 <COMMON> 789,350 <CAPITAL-SURPLUS-PAID-IN> 0 <RETAINED-EARNINGS> 75,151 <TOTAL-COMMON-STOCKHOLDERS-EQ> 864,501 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <LONG-TERM-DEBT-NET> 1,221,152 <SHORT-TERM-NOTES> 0 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 0 <LONG-TERM-DEBT-CURRENT-PORT> 250,000 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 34,033 <LEASES-CURRENT> 28,000 <OTHER-ITEMS-CAPITAL-AND-LIAB> 1,038,610 <TOT-CAPITALIZATION-AND-LIAB> 3,436,296 <GROSS-OPERATING-REVENUE> 156,424 <INCOME-TAX-EXPENSE> 20,692 <OTHER-OPERATING-EXPENSES> 73,486 <TOTAL-OPERATING-EXPENSES> 94,178 <OPERATING-INCOME-LOSS> 62,246 <OTHER-INCOME-NET> 874 <INCOME-BEFORE-INTEREST-EXPEN> 63,120 <TOTAL-INTEREST-EXPENSE> 39,590 <NET-INCOME> 23,530 <PREFERRED-STOCK-DIVIDENDS> 0 <EARNINGS-AVAILABLE-FOR-COMM> 23,530 <COMMON-STOCK-DIVIDENDS> 23,300 <TOTAL-INTEREST-ON-BONDS> 0 <CASH-FLOW-OPERATIONS> 67,667 <EPS-PRIMARY> 0 <EPS-DILUTED> 0