<ARTICLE> CT
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
XEROX CORPORATION'S JUNE 30, 1995 FINANCIAL STATEMENTS AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000,000
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               JUN-30-1995
<TOTAL-ASSETS>                                  37,650
<COMMON>                                           109
<PREFERRED-MANDATORY>                               25
<PREFERRED>                                        747
<OTHER-SE>                                       4,956
<TOTAL-LIABILITY-AND-EQUITY>                    37,650
<TOTAL-REVENUES>                                 9,088
<INCOME-TAX>                                       261
<INCOME-CONTINUING>                                385
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                       385
<EPS-PRIMARY>                                     3.30
<EPS-DILUTED>                                     3.16