<ARTICLE> CT
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
XEROX CORPORATION'S MARCH 31, 1995 FINANCIAL STATEMENTS AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               MAR-31-1995
<TOTAL-ASSETS>                                  39,370
<COMMON>                                           108
<PREFERRED-MANDATORY>                               75
<PREFERRED>                                        753
<OTHER-SE>                                       4,411
<TOTAL-LIABILITY-AND-EQUITY>                    39,370
<TOTAL-REVENUES>                                 4,444
<INCOME-TAX>                                       113
<INCOME-CONTINUING>                                147
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                       147
<EPS-PRIMARY>                                     1.23
<EPS-DILUTED>                                     1.20