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

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

</LEGEND>
<MULTIPLIER>                                 1,000,000
       
                                        
<PERIOD-TYPE>                                    9-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               SEP-30-1996
<CASH>                                             148
<SECURITIES>                                         0
<RECEIVABLES>                                    1,322
<ALLOWANCES>                                         0
<INVENTORY>                                        292
<CURRENT-ASSETS>                                 2,070
<PP&E>                                          29,444
<DEPRECIATION>                                   4,970
<TOTAL-ASSETS>                                  29,307
<CURRENT-LIABILITIES>                            3,393
<BONDS>                                          8,374
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                           679
<OTHER-SE>                                       7,346
<TOTAL-LIABILITY-AND-EQUITY>                    29,307
<SALES>                                              0
<TOTAL-REVENUES>                                 5,976
<CGS>                                                0
<TOTAL-COSTS>                                    4,903
<OTHER-EXPENSES>                                    75
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                 346
<INCOME-PRETAX>                                    754
<INCOME-TAX>                                       250
<INCOME-CONTINUING>                                504
<DISCONTINUED>                                     171
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                       675
<EPS-PRIMARY>                                     3.24
<EPS-DILUTED>                                        0