<ARTICLE> CT
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
XEROX CORPORATION'S SEPTEMBER 30, 1995 FINANCIAL STATEMENTS AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000,000
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               SEP-30-1995
<TOTAL-ASSETS>                                  37,626
<COMMON>                                           109
<PREFERRED-MANDATORY>                               25
<PREFERRED>                                        742
<OTHER-SE>                                       5,081
<TOTAL-LIABILITY-AND-EQUITY>                    37,626
<TOTAL-REVENUES>                                13,685
<INCOME-TAX>                                       405
<INCOME-CONTINUING>                                621
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                       621
<EPS-PRIMARY>                                     5.33
<EPS-DILUTED>                                     5.09