<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS FINANCIAL INFORMATION EXTRACTED FROM PITNEY BOWES
INC. CONSOLIDATED BALANCE SHEET, CONSOLIDATED STATEMENT OF INCOME,
CORRESPONDING FOOTNOTE #3 FIXED ASSETS AND STATEMENT RE COMPUTATION OF
PER SHARE EARNINGS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1994
<PERIOD-END>                               SEP-30-1994
<CASH>                                          65,017
<SECURITIES>                                       699
<RECEIVABLES>                                  413,009
<ALLOWANCES>                                    19,183
<INVENTORY>                                    432,914
<CURRENT-ASSETS>                             1,967,563
<PP&E>                                       1,195,471
<DEPRECIATION>                                 634,409
<TOTAL-ASSETS>                               6,971,766
<CURRENT-LIABILITIES>                        3,466,161
<BONDS>                                        803,235
<COMMON>                                       323,338
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                      2,872
<OTHER-SE>                                   1,505,907
<TOTAL-LIABILITY-AND-EQUITY>                 6,971,766
<SALES>                                      1,002,514
<TOTAL-REVENUES>                             2,370,104
<CGS>                                          585,424
<TOTAL-COSTS>                                  927,680
<OTHER-EXPENSES>                               883,924
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                             136,118
<INCOME-PRETAX>                                422,382
<INCOME-TAX>                                   168,367
<INCOME-CONTINUING>                            254,015
<DISCONTINUED>                                  32,492
<EXTRAORDINARY>                                      0
<CHANGES>                                    (119,532)<F1>
<NET-INCOME>                                   166,975
<EPS-PRIMARY>                                     1.05
<EPS-DILUTED>                                     1.05
<FN>
<F1>Includes a change in accounting for postemployment benefits.
</FN>