<ARTICLE> 5 <LEGEND> This schedule contains summary financial data extracted from the Schering-Plough Corporation consolidated financial statements and related Exhibits for the three months ended March 31, 1996, and is qualified in its entirety by reference to such financial statements. Certain 1995 amounts have been restated for the effect of discontinued operations and a stock split in the second quarter 1995. </LEGEND> <RESTATED> <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS 3-MOS <FISCAL-YEAR-END> DEC-31-1996 DEC-31-1995 <PERIOD-END> MAR-31-1996 MAR-31-1995 <CASH> 356,800 126,200 <SECURITIES> 0 0 <RECEIVABLES> 712,100 784,900 <ALLOWANCES> 0 0 <INVENTORY> 522,100 493,200 <CURRENT-ASSETS> 2,198,200 1,937,900 <PP&E> 3,156,500 3,103,200 <DEPRECIATION> 1,054,200 1,007,400 <TOTAL-ASSETS> 4,977,500 4,563,000 <CURRENT-LIABILITIES> 2,385,100 2,047,000 <BONDS> 87,000 185,900 <PREFERRED-MANDATORY> 0 0 <PREFERRED> 0 0 <COMMON> 506,600 251,500 <OTHER-SE> 1,398,200 1,508,900 <TOTAL-LIABILITY-AND-EQUITY> 4,977,500 4,563,000 <SALES> 1,382,700 1,224,200 <TOTAL-REVENUES> 1,382,700 1,224,200 <CGS> 262,700 235,800 <TOTAL-COSTS> 262,700 235,800 <OTHER-EXPENSES> 162,900 147,200 <LOSS-PROVISION> 0 0 <INTEREST-EXPENSE> 0 0 <INCOME-PRETAX> 432,600 377,400 <INCOME-TAX> 106,000 92,500 <INCOME-CONTINUING> 326,600 284,900 <DISCONTINUED> 0 (6,300) <EXTRAORDINARY> 0 0 <CHANGES> 0 0 <NET-INCOME> 326,600 278,600 <EPS-PRIMARY> .89 .75 <EPS-DILUTED> .88 .74