<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from the consolidated financial statements of the Company for the three months ended March 31, 1999, 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> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> MAR-31-1999 <CASH> 11 <SECURITIES> 0 <RECEIVABLES> 282 <ALLOWANCES> 6 <INVENTORY> 529 <CURRENT-ASSETS> 931 <PP&E> 1,999 <DEPRECIATION> 900 <TOTAL-ASSETS> 2,934 <CURRENT-LIABILITIES> 552 <BONDS> 963 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 1 <OTHER-SE> 80 <TOTAL-LIABILITY-AND-EQUITY> 2,934 <SALES> 479 <TOTAL-REVENUES> 479 <CGS> 460 <TOTAL-COSTS> 460 <OTHER-EXPENSES> 24 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 28 <INCOME-PRETAX> (58) <INCOME-TAX> (20) <INCOME-CONTINUING> (38) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (38) <EPS-PRIMARY> (.48) <EPS-DILUTED> (.48)