<ARTICLE> 5
<LEGEND>


        UNION PACIFIC CORPORATION AND SUBSIDIARY COMPANIES

                     FINANCIAL DATA SCHEDULE

            For the Three Months Ended March 31, 1998
             (In Millions, Except Per Share Amounts)
                           (Unaudited)

</LEGEND>
<MULTIPLIER> 1,000,000
       
                         
<PERIOD-TYPE>               3-MOS
<FISCAL-YEAR-END>            DEC-31-1998
<PERIOD-END>                 MAR-31-1998
<CASH>                               191 
<SECURITIES>                           0 
<RECEIVABLES>                        589 
<ALLOWANCES>                           0 
<INVENTORY>                          309 
<CURRENT-ASSETS>                    1384 
<PP&E>                             31937 
<DEPRECIATION>                      5704 
<TOTAL-ASSETS>                     29078 
<CURRENT-LIABILITIES>               2808 
<BONDS>                             9258 
<PREFERRED-MANDATORY>                  0
<PREFERRED>                            0
<COMMON>                             690 
<OTHER-SE>                          7428 
<TOTAL-LIABILITY-AND-EQUITY>       29078 
<SALES>                                0 
<TOTAL-REVENUES>                    2586 
<CGS>                                  0 
<TOTAL-COSTS>                       2527 
<OTHER-EXPENSES>                      26 
<LOSS-PROVISION>                       0 
<INTEREST-EXPENSE>                   161 
<INCOME-PRETAX>                      105
<INCOME-TAX>                          43 
<INCOME-CONTINUING>                   62
<DISCONTINUED>                         0 
<EXTRAORDINARY>                        0 
<CHANGES>                              0 
<NET-INCOME>                          62
<EPS-PRIMARY>                       0.25
<EPS-DILUTED>                       0.25