<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS  FINANCIAL  INFORMATION  EXTRACTED FROM PITNEY BOWES INC.
CONSOLIDATED  BALANCE  SHEET,  CONSOLIDATED  STATEMENT OF INCOME,  CORRESPONDING
FOOTNOTE #4 FIXED  ASSETS AND IS  QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000

                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>               DEC-31-2000
<PERIOD-END>                    MAR-31-2000
<CASH>                              219,063
<SECURITIES>                         19,126
<RECEIVABLES>           <F1>      2,109,527
<ALLOWANCES>            <F1>         68,477
<INVENTORY>                         262,595
<CURRENT-ASSETS>                  2,694,704
<PP&E>                  <F2>      2,795,644
<DEPRECIATION>          <F2>      1,513,531
<TOTAL-ASSETS>                    7,818,661
<CURRENT-LIABILITIES>             2,523,830
<BONDS>                           2,037,860
<COMMON>                            323,338
<PREFERRED-MANDATORY>               310,000
<PREFERRED>                           1,838
<OTHER-SE>                        1,166,945
<TOTAL-LIABILITY-AND-EQUITY>      7,818,661
<SALES>                             520,042
<TOTAL-REVENUES>                  1,101,967
<CGS>                               300,833
<TOTAL-COSTS>                       422,444
<OTHER-EXPENSES>                     29,511
<LOSS-PROVISION>                          0
<INTEREST-EXPENSE>                   48,993
<INCOME-PRETAX>                     224,537
<INCOME-TAX>                         72,984
<INCOME-CONTINUING>                 151,553
<DISCONTINUED>                            0
<EXTRAORDINARY>                           0
<CHANGES>                                 0
<NET-INCOME>                        151,553
<EPS-BASIC>                          0.58
<EPS-DILUTED>                          0.57
<FN>
<F1>  Receivables  are  comprised  of gross trade  receivables  of $448,635  and
short-term  finance  receivables  of  $1,660,892.  Allowances  are  comprised of
allowances  for  trade  receivables  of  $25,443  and  for  short-term   finance
receivables  of $43,034.
<F2>  Property,  plant  and  equipment  are comprised  of gross  fixed assets of
$1,200,383  and  rental  equipment  and   related  inventories  of   $1,595,261.
Depreciation is comprised of  depreciation  on fixed  assets  of $715,571 and on
rental equipment and related inventories of $797,960.
</FN>