<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from Union Carbide Corporation's Form 10-Q for the quarter ended June 30, 1998, and is qualified in its entirety by reference to such financial statements. </LEGEND> <CIK> 0000100790 <NAME> UNION CARBIDE CORPORATION <MULTIPLIER> 1,000,000 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> JUN-30-1998 <CASH> 38 <SECURITIES> 0 <RECEIVABLES> 1002 <ALLOWANCES> 0 <INVENTORY> 619 <CURRENT-ASSETS> 1907 <PP&E> 8003 <DEPRECIATION> 4061 <TOTAL-ASSETS> 7121 <CURRENT-LIABILITIES> 1315 <BONDS> 1705 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 155 <OTHER-SE> 2316 <TOTAL-LIABILITY-AND-EQUITY> 7121 <SALES> 3020 <TOTAL-REVENUES> 3020 <CGS> 2248 <TOTAL-COSTS> 2248 <OTHER-EXPENSES> 266<F1> <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 56 <INCOME-PRETAX> 379 <INCOME-TAX> 110 <INCOME-CONTINUING> 260 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 260 <EPS-PRIMARY> 1.91<F2> <EPS-DILUTED> 1.86<F2> <FN> <F1>Other expenses are equal to research and development of 73 and depreciation and amortization of 193. <F2>The EPS-PRIMARY amount represents basic earnings per share and the EPS-DILUTED amount represents diluted earnings per share, computed in accordance with Statement of Financial Accounting Standards No. 128, "Earnings Per Share." </FN>