<ARTICLE> 5 <LEGEND> Exhibit 27 ---------- CONRAIL INC. FINANCIAL DATA SCHEDULE ($ In Millions Except Per Share) THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM FORM 10-Q AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FORM 10-Q. <MULTIPLIER> 1,000,000 <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> MAR-31-1996 <PERIOD-TYPE> 3-MOS <CASH> 27 <SECURITIES> 0 <RECEIVABLES> 664 <ALLOWANCES> 0 <INVENTORY> 157 <CURRENT-ASSETS> 1,213 <PP&E> 6,384 <DEPRECIATION> 0 <TOTAL-ASSETS> 8,432 <CURRENT-LIABILITIES> 1,251 <BONDS> 1,873 <PREFERRED-MANDATORY> 0 <PREFERRED> 281 <COMMON> 86 <OTHER-SE> 2,577 <TOTAL-LIABILITY-AND-EQUITY> 8,432 <SALES> 0 <TOTAL-REVENUES> 889 <CGS> 0 <TOTAL-COSTS> 820 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 47 <INCOME-PRETAX> 50 <INCOME-TAX> 19 <INCOME-CONTINUING> 31 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 31 <EPS-PRIMARY> .36 <EPS-DILUTED> .35