<ARTICLE> 5
<LEGEND>                                                
                                                          
Hawaiian Electric Industries, Inc. and Subsidiaries
FINANCIAL DATA SCHEDULE
(unaudited)

This schedule contains summary financial information extracted from Hawaiian 
Electric Industries, Inc. and subsidiaries' consolidated balance sheet as of 
March 31, 1996 and consolidated statement of income for the three months ended 
March 31, 1996 and is qualified in its entirety by reference to such financial 
statements.

</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               MAR-31-1996
<CASH>                                          88,059
<SECURITIES>                                 1,457,756
<RECEIVABLES>                                  123,765
<ALLOWANCES>                                         0
<INVENTORY>                                     38,533
<CURRENT-ASSETS>                                     0
<PP&E>                                       2,664,957
<DEPRECIATION>                                 835,162
<TOTAL-ASSETS>                               5,613,555
<CURRENT-LIABILITIES>                                0
<BONDS>                                        753,497
<PREFERRED-MANDATORY>                           39,350
<PREFERRED>                                     48,293
<COMMON>                                       595,650
<OTHER-SE>                                     145,172
<TOTAL-LIABILITY-AND-EQUITY>                 5,613,555
<SALES>                                              0
<TOTAL-REVENUES>                               326,169
<CGS>                                                0
<TOTAL-COSTS>                                  279,434
<OTHER-EXPENSES>                               (2,326)
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              16,159
<INCOME-PRETAX>                                 32,902
<INCOME-TAX>                                    14,033
<INCOME-CONTINUING>                             18,869
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    18,869
<EPS-PRIMARY>                                     0.63
<EPS-DILUTED>                                     0.63