<ARTICLE> 5
<LEGEND>
THIS SCHEDULE WAS RESTATED FOR DISCONTINUED OPERATIONS AND CONTAINS SUMMARY
FINANCIAL INFORMATION EXTRACTED FROM HAWAIIAN ELECTRIC INDUSTRIES, INC. AND
SUBSIDIARIES' CONSOLIDATED BALANCE SHEET AS OF MARCH 31, 1998 AND CONSOLIDATED
STATEMENT OF INCOME FOR THE THREE MONTHS ENDED MARCH 31, 1998 AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<RESTATED>
<CIK>     0000354707
<NAME>    HAWAIIAN ELECTRIC INDUSTRIES, INC.
<MULTIPLIER> 1,000
       
                             
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