<ARTICLE> UT <LEGEND> THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE CONSOLIDATED BALANCE SHEET AT DECEMBER 31, 1997 AND THE CONSOLIDATED STATEMENT OF INCOME AND THE CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE TWELVE MONTHS ENDED DECEMBER 31, 1997 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> DEC-31-1997 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 1,366,073 <OTHER-PROPERTY-AND-INVEST> 88,811 <TOTAL-CURRENT-ASSETS> 138,388 <TOTAL-DEFERRED-CHARGES> 12,393 <OTHER-ASSETS> 181,162 <TOTAL-ASSETS> 1,786,827 <COMMON> 33,427 <CAPITAL-SURPLUS-PAID-IN> 279,042 <RETAINED-EARNINGS> 233,216 <TOTAL-COMMON-STOCKHOLDERS-EQ> 545,685 <PREFERRED-MANDATORY> 0 <PREFERRED> 18,320 <LONG-TERM-DEBT-NET> 651,848 <SHORT-TERM-NOTES> 0 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 0 <LONG-TERM-DEBT-CURRENT-PORT> 140 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 23,548 <LEASES-CURRENT> 13,183 <OTHER-ITEMS-CAPITAL-AND-LIAB> 534,103 <TOT-CAPITALIZATION-AND-LIAB> 1,786,827 <GROSS-OPERATING-REVENUE> 813,978 <INCOME-TAX-EXPENSE> 42,216<F1> <OTHER-OPERATING-EXPENSES> 660,208 <TOTAL-OPERATING-EXPENSES> 660,208<F1> <OPERATING-INCOME-LOSS> 153,770 <OTHER-INCOME-NET> 30 <INCOME-BEFORE-INTEREST-EXPEN> 153,800 <TOTAL-INTEREST-EXPENSE> 52,791 <NET-INCOME> 58,793 <PREFERRED-STOCK-DIVIDENDS> 914 <EARNINGS-AVAILABLE-FOR-COMM> 57,879 <COMMON-STOCK-DIVIDENDS> 56,000 <TOTAL-INTEREST-ON-BONDS> 46,683 <CASH-FLOW-OPERATIONS> 192,408 <EPS-PRIMARY> 0 <EPS-DILUTED> 0 <FN> <F1>Income tax expense is not included in Operating Expense in the Consolidated Statements of Income for IES Utilities Inc. </FN>