<ARTICLE> 5 <CIK> 0000075677 <NAME> PACKAGING CORPORATION OF AMERICA <MULTIPLIER> 1,000 <PERIOD-TYPE> YEAR OTHER OTHER <FISCAL-YEAR-END> DEC-31-1998 DEC-31-1999 DEC-31-1999 <PERIOD-START> JAN-01-1998 JAN-01-1999 APR-12-1999 <PERIOD-END> DEC-31-1999 APR-11-1999 SEP-30-1999 <CASH> 1 0 31,200 <SECURITIES> 42 0 42 <RECEIVABLES> 56,971 0 218,411 <ALLOWANCES> 5,220 0 4,669 <INVENTORY> 150,719 0 155,428 <CURRENT-ASSETS> 243,563 0 419,026 <PP&E> 1,677,105 0 2,724,842 <DEPRECIATION> 735,749 0 817,918 <TOTAL-ASSETS> 1,367,403 0 2,425,839 <CURRENT-LIABILITIES> 164,152 0 216,089 <BONDS> 17,552 0 1,652,209 <PREFERRED-MANDATORY> 0 0 96,500 <PREFERRED> 0 0 0 <COMMON> 0 0 946 <OTHER-SE> 908,392 0 356,774 <TOTAL-LIABILITY-AND-EQUITY> 1,367,403 0 2,425,839 <SALES> 1,571,019 433,182 816,538 <TOTAL-REVENUES> 1,571,019 433,182 816,538 <CGS> 1,289,644 367,483 640,587 <TOTAL-COSTS> 1,289,644 367,483 640,587 <OTHER-EXPENSES> 0 0 0 <LOSS-PROVISION> 2,710 412 0 <INTEREST-EXPENSE> 2,782 221 73,627 <INCOME-PRETAX> 118,968 (212,315) 35,588 <INCOME-TAX> 47,529 83,716 14,655 <INCOME-CONTINUING> 71,439 (128,599) 20,933 <DISCONTINUED> 0 0 0 <EXTRAORDINARY> 0 (6,327) 0 <CHANGES> 0 0 0 <NET-INCOME> 71,439 (134,926) 20,933 <EPS-BASIC> 0 0 0 <EPS-DILUTED> 0 0 0