<ARTICLE> 5
<LEGEND>


        UNION PACIFIC CORPORATION AND SUBSIDIARY COMPANIES

                     FINANCIAL DATA SCHEDULE

    For the Quarters Ended March 31, June 30, September 30, 1997
             (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-31-1997      DEC-31-1997    DEC-31-1997
<PERIOD-END>                 MAR-31-1997      JUN-30-1997    SEP-30-1997
<CASH>                                94              129            202
<SECURITIES>                           0                0              0
<RECEIVABLES>                        699              802            797
<ALLOWANCES>                           0                0              0
<INVENTORY>                          275              290            295
<CURRENT-ASSETS>                    1454             1559           1599
<PP&E>                             30476            31105          30994
<DEPRECIATION>                      5230             5474           5375
<TOTAL-ASSETS>                     28186            28751          28666
<CURRENT-LIABILITIES>               3109             3223           3304
<BONDS>                             8075             8292           8185
<PREFERRED-MANDATORY>                  0                0              0
<PREFERRED>                            0                0              0
<COMMON>                             688              689            690
<OTHER-SE>                          7551             7669           7794
<TOTAL-LIABILITY-AND-EQUITY>       28186            28751          28666
<SALES>                                0                0              0
<TOTAL-REVENUES>                    2810             5693           8518
<CGS>                                  0                0              0
<TOTAL-COSTS>                       2465             4847           7209
<OTHER-EXPENSES>                      28               54             96
<LOSS-PROVISION>                       0                0              0
<INTEREST-EXPENSE>                   150              296            453
<INCOME-PRETAX>                      205              553            921
<INCOME-TAX>                          77              209            337
<INCOME-CONTINUING>                  128              344            584
<DISCONTINUED>                         0                0              0
<EXTRAORDINARY>                        0                0              0
<CHANGES>                              0                0              0
<NET-INCOME>                         128              344            584
<EPS-PRIMARY>                       0.52             1.40           2.38
<EPS-DILUTED>                       0.52             1.39           2.35