<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from the interim consolidated financial statements of the Company for twelve months ended December 31, 1994, and is qualified in its entirety by reference to such financial statements. </LEGEND> <CIK> 0000811596 <NAME> KAISER ALUMINUM CORPORATION <MULTIPLIER> 1,000,000 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1994 <PERIOD-START> JAN-01-1994 <PERIOD-END> DEC-31-1994 <CASH> 18 <SECURITIES> 0 <RECEIVABLES> 199 <ALLOWANCES> 0 <INVENTORY> 468 <CURRENT-ASSETS> 843 <PP&E> 1,133 <DEPRECIATION> 0 <TOTAL-ASSETS> 2,698 <CURRENT-LIABILITIES> 583 <BONDS> 0 <COMMON> 1 <PREFERRED-MANDATORY> 1 <PREFERRED> 0 <OTHER-SE> 15 <TOTAL-LIABILITY-AND-EQUITY> 2,698 <SALES> 1,782 <TOTAL-REVENUES> 1,782 <CGS> 1,626 <TOTAL-COSTS> 1,626 <OTHER-EXPENSES> 212 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 89 <INCOME-PRETAX> (152) <INCOME-TAX> 54 <INCOME-CONTINUING> (101) <DISCONTINUED> 0 <EXTRAORDINARY> (5) <CHANGES> 0 <NET-INCOME> (107) <EPS-PRIMARY> (2.18) <EPS-DILUTED> (2.18)