<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from the Reynolds Metals Company Condensed Balance Sheets (Unaudited) for March 31, 1998 and March 31, 1997 and Consolidated Statements of Income (Unaudited) for the Quarters ended March 31, 1998 and March 31, 1997 and is qualified in its entirety by reference to such financial statements. </LEGEND> <MULTIPLIER> 1000000 <PERIOD-TYPE> 3-MOS 3-MOS <FISCAL-YEAR-END> DEC-31-1998 DEC-31-1997 <PERIOD-END> MAR-31-1998 MAR-31-1997 <CASH> 47 45 <SECURITIES> 0 0 <RECEIVABLES> 1031 1046 <ALLOWANCES> 17 18 <INVENTORY> 731 751 <CURRENT-ASSETS> 1963 1918 <PP&E> 6494 6724 <DEPRECIATION> 3585 3564 <TOTAL-ASSETS> 7196 7468 <CURRENT-LIABILITIES> 1266 1455 <BONDS> 1595 1619 <PREFERRED-MANDATORY> 0 0 <PREFERRED> 0 0 <COMMON> 1523 1463 <OTHER-SE> 1116 1176 <TOTAL-LIABILITY-AND-EQUITY> 7196 7468 <SALES> 1532 1615 <TOTAL-REVENUES> 1532 1624 <CGS> 1251 1360 <TOTAL-COSTS> 1251 1360 <OTHER-EXPENSES> 70 93 <LOSS-PROVISION> 0 (38) <INTEREST-EXPENSE> 34 39 <INCOME-PRETAX> 84 68 <INCOME-TAX> 26 25 <INCOME-CONTINUING> 58 43 <DISCONTINUED> 0 0 <EXTRAORDINARY> 0 0 <CHANGES> 0 0 <NET-INCOME> 58 43 <EPS-PRIMARY> .78 .59 <EPS-DILUTED> .78 .59