<ARTICLE> 5
<LEGEND>
                    UNION PACIFIC CORPORATION
               FINANCIAL DATA SCHEDULE - EXHIBIT 27
             ($ in millions except per share amounts)

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>                                           3-MOS
<FISCAL-YEAR-END>                                 DEC-31-1994
<PERIOD-END>                                      MAR-31-1995
<CASH>                                                     97
<SECURITIES>                                                0
<RECEIVABLES>                                             620
<ALLOWANCES>                                                0
<INVENTORY>                                               280
<CURRENT-ASSETS>                                        1,481
<PP&E>                                                 19,210
<DEPRECIATION>                                          6,839
<TOTAL-ASSETS>                                         15,616
<CURRENT-LIABILITIES>                                   2,046
<BONDS>                                                 4,202
<COMMON>                                                  580
<PREFERRED-MANDATORY>                                       0
<PREFERRED>                                                 0
<OTHER-SE>                                              4,624
<TOTAL-LIABILITY-AND-EQUITY>                           15,616
<SALES>                                                     0
<TOTAL-REVENUES>                                        1,978
<CGS>                                                       0
<TOTAL-COSTS>                                           1,613
<OTHER-EXPENSES>                                           30
<LOSS-PROVISION>                                            0
<INTEREST-EXPENSE>                                         89
<INCOME-PRETAX>                                           288
<INCOME-TAX>                                               97
<INCOME-CONTINUING>                                       191
<DISCONTINUED>                                              0
<EXTRAORDINARY>                                             0
<CHANGES>                                                   0
<NET-INCOME>                                              191
<EPS-PRIMARY>                                            0.93
<EPS-DILUTED>                                               0