<ARTICLE> 5
<LEGEND>


        UNION PACIFIC CORPORATION AND SUBSIDIARY COMPANIES

                     FINANCIAL DATA SCHEDULE

    For the Quarters Ended March 31, June 30, September 30, 1996
             (In Millions, Except Per Share Amounts)
                       (All Periods Restated)

</LEGEND>
<MULTIPLIER> 1,000,000
       
                                                   
<PERIOD-TYPE>               3-MOS            6-MOS          9-MOS
<FISCAL-YEAR-END>            DEC-31-1996      DEC-31-1996    DEC-31-1996
<PERIOD-END>                 MAR-31-1996      JUN-30-1996    SEP-30-1996
<CASH>                                79               73            148
<SECURITIES>                           0                0              0
<RECEIVABLES>                       1099             1070           1322
<ALLOWANCES>                           0                0              0
<INVENTORY>                          227              220            292
<CURRENT-ASSETS>                    1646             1593           2070
<PP&E>                             19006            19205          29444
<DEPRECIATION>                      4746             4866           4970
<TOTAL-ASSETS>                     19609            19749          29307
<CURRENT-LIABILITIES>               1974             2014           3393
<BONDS>                             6129             5923           8374
<PREFERRED-MANDATORY>                  0                0              0
<PREFERRED>                            0                0              0
<COMMON>                             582              582            679
<OTHER-SE>                          5854             6014           7346
<TOTAL-LIABILITY-AND-EQUITY>       19609            19749          29307
<SALES>                                0                0              0
<TOTAL-REVENUES>                    1968             3980           5976
<CGS>                                  0                0              0
<TOTAL-COSTS>                       1703             3326           4903
<OTHER-EXPENSES>                      28               51             75
<LOSS-PROVISION>                       0                0              0
<INTEREST-EXPENSE>                   117              231            346
<INCOME-PRETAX>                      138              422            754
<INCOME-TAX>                          31              129            250
<INCOME-CONTINUING>                  107              293            504
<DISCONTINUED>                        49              107            171
<EXTRAORDINARY>                        0                0              0
<CHANGES>                              0                0              0
<NET-INCOME>                         156              400            675
<EPS-PRIMARY>                       0.76             1.95           3.25
<EPS-DILUTED>                       0.76             1.94           3.23