<ARTICLE>                     5
   <LEGEND>                      This schedule contains summary financial
                                 information extracted from the Newell
                                 Co. and Subsidiaries Consolidated
                                 Balance Sheets and Statements of Income
                                 and is qualified in its entirety by
                                 reference to such financial statements.
   <MULTIPLIER>                  1,000
          
                              
   <PERIOD-TYPE>                 3-MOS
   <FISCAL-YEAR-END>             DEC-31-1998
   <PERIOD-END>                  JUN-30-1998
   <CASH>                        62,283
   <SECURITIES>                  6,139
   <RECEIVABLES>                 629,960
   <ALLOWANCES>                  (20,912) <F1>
   <INVENTORY>                   696,440
   <CURRENT-ASSETS>              1,662,627
   <PP&E>                        1,279,143 <F2>
   <DEPRECIATION>                (515,344) <F2>
   <TOTAL-ASSETS>                4,251,295
   <CURRENT-LIABILITIES>         909,083
   <BONDS>                       770,172
   <PREFERRED-MANDATORY>         500,000
   <PREFERRED>                   0
   <COMMON>                      162,592
   <OTHER-SE>                    1,659,728
   <TOTAL-LIABILITY-AND-EQUITY>  4,251,295
   <SALES>                       1,693,229
   <TOTAL-REVENUES>              538,325
   <CGS>                         1,154,904
   <TOTAL-COSTS>                 1,456,157
   <OTHER-EXPENSES>              (156,371)
   <LOSS-PROVISION>              2,456     <F1>
   <INTEREST-EXPENSE>            23,984
   <INCOME-PRETAX>               393,443
   <INCOME-TAX>                  155,803
   <INCOME-CONTINUING>           237,640
   <DISCONTINUED>                0
   <EXTRAORDINARY>               0
   <CHANGES>                     0
   <NET-INCOME>                  237,640
   <EPS-PRIMARY>                 1.46
   <EPS-DILUTED>                 1.42
   <FN>
   <F1> Allowances for doubtful accounts are reported as contra accounts
   to accounts receivable. The corporate reserve for bad debts is a 

                                     28





                                 
    percentage of trade receivables based on the bad debts experienced
    in one or more past years, general economic conditions, the age of
    the receivables and other factors that indicate the element of
    uncollectibility in the receivables outstanding at the end of the
    period.
    <F2> See note 5 to consolidated financial statements.
   
      
   
   







































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