<ARTICLE> 5 <CIK> 0000920148 <NAME> LABORATORY CORPORATION OF AMERICA HOLDINGS <MULTIPLIER> 1000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> MAR-31-1999 <CASH> 16,300 <SECURITIES> 0 <RECEIVABLES> 559,800 <ALLOWANCES> 176,200 <INVENTORY> 30,400 <CURRENT-ASSETS> 525,600 <PP&E> 501,600 <DEPRECIATION> 241,100 <TOTAL-ASSETS> 1,638,400 <CURRENT-LIABILITIES> 265,900 <BONDS> 548,900 <PREFERRED-MANDATORY> 533,300 <PREFERRED> 0 <COMMON> 1,200 <OTHER-SE> 156,900 <TOTAL-LIABILITY-AND-EQUITY> 1,638,400 <SALES> 417,900 <TOTAL-REVENUES> 417,900 <CGS> 266,500 <TOTAL-COSTS> 266,500 <OTHER-EXPENSES> 117,000 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 10,400 <INCOME-PRETAX> 22,800 <INCOME-TAX> 8,700 <INCOME-CONTINUING> 14,100 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 14,100 <EPS-PRIMARY> 0.02 <EPS-DILUTED> 0.02