<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from the unaudited consolidated financial statements of McLeodUSA Incorporated and subsidiaries for the three months ended March 31, 2000 and is qualified in its entirety by reference to such financial statements. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-2000 <PERIOD-START> JAN-01-2000 <PERIOD-END> MAR-31-2000 <CASH> 536,800 <SECURITIES> 493,000 <RECEIVABLES> 279,200 <ALLOWANCES> 47,400 <INVENTORY> 29,900 <CURRENT-ASSETS> 1,396,900 <PP&E> 1,873,200 <DEPRECIATION> 243,200 <TOTAL-ASSETS> 6,530,100 <CURRENT-LIABILITIES> 415,100 <BONDS> 2,059,900 <PREFERRED-MANDATORY> 1,000,000 <PREFERRED> 12 <COMMON> 5,800 <OTHER-SE> 3,014,800 <TOTAL-LIABILITY-AND-EQUITY> 6,530,100 <SALES> 288,300 <TOTAL-REVENUES> 288,300 <CGS> 148,100 <TOTAL-COSTS> 148,100 <OTHER-EXPENSES> 175,700 <LOSS-PROVISION> 7,100 <INTEREST-EXPENSE> 31,000 <INCOME-PRETAX> (58,500) <INCOME-TAX> 0 <INCOME-CONTINUING> (58,500) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (58,500) <EPS-BASIC> (0.15) <EPS-DILUTED> (0.15)