<ARTICLE> 5
<LEGEND>


        UNION PACIFIC CORPORATION AND SUBSIDIARY COMPANIES

                     FINANCIAL DATA SCHEDULE

            For the Year Ended December 31, 1996
             (In Millions, Except Per Share Amounts)
                           (Restated)

</LEGEND>
<MULTIPLIER> 1,000,000
       
                         
<PERIOD-TYPE>               12-MOS
<FISCAL-YEAR-END>            DEC-31-1996
<PERIOD-END>                 DEC-31-1996
<CASH>                               191 
<SECURITIES>                           0 
<RECEIVABLES>                        507 
<ALLOWANCES>                           0 
<INVENTORY>                          304 
<CURRENT-ASSETS>                    1347 
<PP&E>                             30097 
<DEPRECIATION>                      5053 
<TOTAL-ASSETS>                     27927 
<CURRENT-LIABILITIES>               3056 
<BONDS>                             7900 
<PREFERRED-MANDATORY>                  0
<PREFERRED>                            0
<COMMON>                             686 
<OTHER-SE>                          7539 
<TOTAL-LIABILITY-AND-EQUITY>       27927 
<SALES>                                0 
<TOTAL-REVENUES>                    8786 
<CGS>                                  0 
<TOTAL-COSTS>                       7253 
<OTHER-EXPENSES>                     101 
<LOSS-PROVISION>                       0 
<INTEREST-EXPENSE>                   501 
<INCOME-PRETAX>                     1113
<INCOME-TAX>                         380 
<INCOME-CONTINUING>                  733
<DISCONTINUED>                       171 
<EXTRAORDINARY>                        0 
<CHANGES>                              0 
<NET-INCOME>                         904
<EPS-PRIMARY>                       4.17
<EPS-DILUTED>                       4.14