<ARTICLE>                     5
<LEGEND>
The  schedule  contains  summary  financial   information   extracted  from  the
registrant's consolidated statement of income for the fiscal year ended December
31, 1997 and consolidated balance sheet as of December 31, 1997 and is qualified
in its entirety by reference to such financial statements.
</LEGEND>
<CIK>                         0001018963                        
<NAME>                        ALLEGHENY TELEDYNE INCORPORATED 
<MULTIPLIER>                  1,000,000 
       
                                            
<PERIOD-TYPE>                                  12-MOS
<FISCAL-YEAR-END>                              DEC-31-1997
<PERIOD-START>                                 JAN-01-1997
<PERIOD-END>                                   DEC-31-1997
<CASH>                                            54
<SECURITIES>                                      34
<RECEIVABLES>                                    594
<ALLOWANCES>                                      18
<INVENTORY>                                      698
<CURRENT-ASSETS>                               1,444
<PP&E>                                         1,709
<DEPRECIATION>                                   955
<TOTAL-ASSETS>                                 2,898
<CURRENT-LIABILITIES>                            601
<BONDS>                                          330
<PREFERRED-MANDATORY>                              0
<PREFERRED>                                        0
<COMMON>                                          20
<OTHER-SE>                                     1,255
<TOTAL-LIABILITY-AND-EQUITY>                   2,898
<SALES>                                        4,030
<TOTAL-REVENUES>                               4,030
<CGS>                                          3,040
<TOTAL-COSTS>                                  3,040
<OTHER-EXPENSES>                                   0
<LOSS-PROVISION>                                   0
<INTEREST-EXPENSE>                                17
<INCOME-PRETAX>                                  524
<INCOME-TAX>                                     195
<INCOME-CONTINUING>                              329
<DISCONTINUED>                                     0
<EXTRAORDINARY>                                    0
<CHANGES>                                          0
<NET-INCOME>                                     329
<EPS-PRIMARY>                                   1.67
<EPS-DILUTED>                                   1.64