<ARTICLE> UT <MULTIPLIER> 1,000,000 <CIK> 0000357261 <NAME> FLORIDA PROGRESS CORPORATION <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> MAR-31-1996 <PERIOD-TYPE> 3-MOS <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 3,598 <OTHER-PROPERTY-AND-INVEST> 1,231 <TOTAL-CURRENT-ASSETS> 686 <TOTAL-DEFERRED-CHARGES> 109 <OTHER-ASSETS> 175 <TOTAL-ASSETS> 5,799 <COMMON> 1,198 <CAPITAL-SURPLUS-PAID-IN> 0 <RETAINED-EARNINGS> 887 <TOTAL-COMMON-STOCKHOLDERS-EQ> 2,085 <PREFERRED-MANDATORY> 25 <PREFERRED> 114 <LONG-TERM-DEBT-NET> 1,621 <SHORT-TERM-NOTES> 0 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 0 <LONG-TERM-DEBT-CURRENT-PORT> 196 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 0 <LEASES-CURRENT> 0 <OTHER-ITEMS-CAPITAL-AND-LIAB> 1,758 <TOT-CAPITALIZATION-AND-LIAB> 5,799 <GROSS-OPERATING-REVENUE> 740 <INCOME-TAX-EXPENSE> 27 <OTHER-OPERATING-EXPENSES> 628 <TOTAL-OPERATING-EXPENSES> 655 <OPERATING-INCOME-LOSS> 85 <OTHER-INCOME-NET> (2) <INCOME-BEFORE-INTEREST-EXPEN> 83 <TOTAL-INTEREST-EXPENSE> 33 <NET-INCOME> 50 <PREFERRED-STOCK-DIVIDENDS> 2 <EARNINGS-AVAILABLE-FOR-COMM> 48 <COMMON-STOCK-DIVIDENDS> 50 <TOTAL-INTEREST-ON-BONDS> 0 <CASH-FLOW-OPERATIONS> 181 <EPS-PRIMARY> 0.50 <EPS-DILUTED> 0.50