<ARTICLE> 5 <MULTIPLIER> 1,000,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> MAR-31-1997 <CASH> 78 <SECURITIES> 0 <RECEIVABLES> 1027 <ALLOWANCES> 8 <INVENTORY> 1855 <CURRENT-ASSETS> 3093 <PP&E> 25749 <DEPRECIATION> 15426 <TOTAL-ASSETS> 16719 <CURRENT-LIABILITIES> 3369 <BONDS> 3535 <PREFERRED-MANDATORY> 0 <PREFERRED> 7 <COMMON> 382<F1> <OTHER-SE> 4763 <TOTAL-LIABILITY-AND-EQUITY> 16719 <SALES> 5997 <TOTAL-REVENUES> 5997 <CGS> 5655 <TOTAL-COSTS> 5655 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 85 <INCOME-PRETAX> 287 <INCOME-TAX> 91 <INCOME-CONTINUING> 196 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 196 <EPS-PRIMARY> 0<F2> <EPS-DILUTED> 0<F3> <FN> <F1>CONSISTS OF MARATHON STOCK ISSUED, $288; STEEL STOCK ISSUED, $85; DELHI STOCK ISSUED, $9. <F2>PRIMARY EARNINGS (LOSS) PER SHARE APPLICABLE TO MARATHON STOCK, $.37; STEEL STOCK, $.96; DELHI STOCK $.15. <F3>FULLY DILUTED EARNINGS (LOSS) PER SHARE APPLICABLE TO MARATHON STOCK, $.37; STEEL STOCK, $.93; DELHI STOCK, $.15. </FN>