<ARTICLE> 5
<LEGEND>

                 UNION PACIFIC CORPORATION
           FINANCIAL DATA SCHEDULE - EXHIBIT 27
         ($ in millions except per share amounts)
                      (unaudited)

Schedule contains summary financial information extracted from the
Statements of Consolidated Income and Consolidated Financial
Position and is qualified in its entirety by reference to
such financial statements.

</LEGEND>
<MULTIPLIER>                               1,000,000
       
                                
                                       
<PERIOD-TYPE>                              9-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               SEP-30-1995
<CASH>                                              91
<SECURITIES>                                         0
<RECEIVABLES>                                      473
<ALLOWANCES>                                         0
<INVENTORY>                                        281
<CURRENT-ASSETS>                                 1,095
<PP&E>                                          17,845
<DEPRECIATION>                                   4,527
<TOTAL-ASSETS>                                  18,702
<CURRENT-LIABILITIES>                            2,557
<BONDS>                                          6,546
<COMMON>                                           581
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                       4,933
<TOTAL-LIABILITY-AND-EQUITY>                    18,702
<SALES>                                              0
<TOTAL-REVENUES>                                 5,512
<CGS>                                                0
<TOTAL-COSTS>                                    4,517
<OTHER-EXPENSES>                                    80
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                 328
<INCOME-PRETAX>                                    692
<INCOME-TAX>                                       252
<INCOME-CONTINUING>                                440
<DISCONTINUED>                                     212
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                       652
<EPS-PRIMARY>                                     3.17
<EPS-DILUTED>                                     3.17