<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>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               MAR-31-1995
<CASH>                                          86,559
<SECURITIES>                                       685
<RECEIVABLES>                                  430,285
<ALLOWANCES>                                    18,987
<INVENTORY>                                    442,730
<CURRENT-ASSETS>                             2,103,001
<PP&E>                                       1,242,659
<DEPRECIATION>                                 657,045
<TOTAL-ASSETS>                               7,494,537
<CURRENT-LIABILITIES>                        4,027,232
<BONDS>                                        777,819
<COMMON>                                       323,338
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                      2,759
<OTHER-SE>                                   1,466,287
<TOTAL-LIABILITY-AND-EQUITY>                 7,494,537
<SALES>                                        363,396
<TOTAL-REVENUES>                               838,912
<CGS>                                          212,726
<TOTAL-COSTS>                                  318,937
<OTHER-EXPENSES>                               310,904
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              59,085
<INCOME-PRETAX>                                149,986
<INCOME-TAX>                                    53,997
<INCOME-CONTINUING>                             95,989
<DISCONTINUED>                                  10,322
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   106,311
<EPS-PRIMARY>                                      .70
<EPS-DILUTED>                                      .70