<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
TAUBMAN CENTERS, INC. BALANCE SHEET AS OF SEPTEMBER 30, 1998 AND THE TAUBMAN
CENTERS, INC. STATEMENT OF OPERATIONS FOR THE NINE MONTHS ENDED SEPTEMBER 30,
1998 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000890319
<NAME> TAUBMAN CENTERS, INC.
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> SEP-30-1998
<EXCHANGE-RATE> 1
<CASH> 33,804
<SECURITIES> 0
<RECEIVABLES> 23,063
<ALLOWANCES> 386
<INVENTORY> 0
<CURRENT-ASSETS> 0 <F1>
<PP&E> 1,371,790
<DEPRECIATION> 167,259
<TOTAL-ASSETS> 1,378,381
<CURRENT-LIABILITIES> 0 <F1>
<BONDS> 683,465
<PREFERRED-MANDATORY> 0
<PREFERRED> 80
<COMMON> 529
<OTHER-SE> 526,728
<TOTAL-LIABILITY-AND-EQUITY> 1,378,381
<SALES> 0
<TOTAL-REVENUES> 24,655
<CGS> 0
<TOTAL-COSTS> 0
<OTHER-EXPENSES> 188
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 0
<INCOME-PRETAX> 23,886
<INCOME-TAX> 0
<INCOME-CONTINUING> 23,886
<DISCONTINUED> 0
<EXTRAORDINARY> (20,066)
<CHANGES> 0
<NET-INCOME> 3,820
<EPS-PRIMARY> (.17)
<EPS-DILUTED> (.17)
<FN>
<F1> THE COMPANY HAS AN UNCLASSIFIED BALANCE SHEET.
</FN>