<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE TAUBMAN CENTERS, INC.(TCO) CONSOLIDATED BALANCE SHEET AS OF MARCH 31, 1999 AND THE TAUBMAN CENTERS, INC. CONSOLIDATED STATEMENT OF OPERATIONS FOR THE THREE MONTHS ENDED MARCH 31, 1999 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <CIK> 0000890319 <NAME> TAUBMAN CENTERS, INC. <MULTIPLIER> 1,000 <F1> <CURRENCY> U.S. DOLLARS <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> MAR-31-1999 <EXCHANGE-RATE> 1 <CASH> 12,527 <SECURITIES> 0 <RECEIVABLES> 25,884 <ALLOWANCES> 1,027 <INVENTORY> 0 <CURRENT-ASSETS> 0 <F2> <PP&E> 1,543,346 <DEPRECIATION> 175,575 <TOTAL-ASSETS> 1,536,243 <CURRENT-LIABILITIES> 0 <F2> <BONDS> 864,549 <PREFERRED-MANDATORY> 0 <PREFERRED> 111 <COMMON> 531 <OTHER-SE> 511,116 <TOTAL-LIABILITY-AND-EQUITY> 1,536,243 <SALES> 0 <TOTAL-REVENUES> 60,431 <CGS> 0 <TOTAL-COSTS> 40,268 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 10,865 <INCOME-PRETAX> 14,193 <F3> <INCOME-TAX> 0 <INCOME-CONTINUING> 14,193 <F3> <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 6,686 <EPS-PRIMARY> .05 <EPS-DILUTED> .05 <FN> <F1> EXCEPT FOR PER SHARE DATA. <F2> TCO HAS AN UNCLASSIFIED BALANCE SHEET. <F3> REPRESENTS INCOME BEFORE EXTRAORDINARY ITEM AND MINORITY INTEREST. THE MINORITY INTEREST'S SHARE OF INCOME WAS $7.507 MILLION. </FN>