<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>                            6-MOS
<FISCAL-YEAR-END>                        DEC-31-1999
<PERIOD-END>                             JUN-30-1999
<CASH>                                       132,693
<SECURITIES>                                     949
<RECEIVABLES>                <F1>          1,988,458
<ALLOWANCES>                 <F1>             73,625
<INVENTORY>                                  259,858
<CURRENT-ASSETS>                           2,548,013
<PP&E>                       <F2>          2,919,798
<DEPRECIATION>               <F2>          1,610,609
<TOTAL-ASSETS>                             7,773,127
<CURRENT-LIABILITIES>                      2,627,244
<BONDS>                                    1,898,942
<COMMON>                                     323,338
<PREFERRED-MANDATORY>                        310,000
<PREFERRED>                                    1,974
<OTHER-SE>                                 1,228,795
<TOTAL-LIABILITY-AND-EQUITY>               7,773,127
<SALES>                                    1,056,752
<TOTAL-REVENUES>                           2,154,756
<CGS>                                        603,070
<TOTAL-COSTS>                                831,446
<OTHER-EXPENSES>                              53,602
<LOSS-PROVISION>                                   0
<INTEREST-EXPENSE>                            94,167
<INCOME-PRETAX>                              443,110
<INCOME-TAX>                                 147,131
<INCOME-CONTINUING>                          295,979
<DISCONTINUED>                               (23,967)
<EXTRAORDINARY>                                    0
<CHANGES>                                          0
<NET-INCOME>                                 272,012
<EPS-BASIC>                                   1.01
<EPS-DILUTED>                                   0.99
<FN>
<F1>  Receivables  are  comprised  of gross trade  receivables  of $441,285  and
short-term  finance  receivables  of  $1,547,173.  Allowances  are  comprised of
allowances  for  trade  receivables  of  $24,983  and  for  short-term   finance
receivables  of $48,642.
<F2>  Property,  plant and  equipment  are  comprised  of gross fixed  assets of
$1,164,718  and  rental   equipment  and  related   inventories  of  $1,755,080.
Depreciation  is  comprised of  depreciation  on fixed assets of $697,705 and on
rental equipment and related inventories of $912,904.
</FN>