<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS OF MCLEOD USA INCORPORATED AND SUBSIDIARIES FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 1998 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS 6-MOS <FISCAL-YEAR-END> DEC-31-1998 DEC-31-1998 <PERIOD-START> APR-01-1998 JAN-01-1998 <PERIOD-END> JUN-30-1998 JUN-30-1998 <CASH> 250,695 250,695 <SECURITIES> 280,917 280,917 <RECEIVABLES> 131,739 131,739 <ALLOWANCES> 13,509 13,509 <INVENTORY> 4,352 4,352 <CURRENT-ASSETS> 692,620 692,620 <PP&E> 513,599 513,599 <DEPRECIATION> 45,256 45,256 <TOTAL-ASSETS> 1,637,032 1,637,032 <CURRENT-LIABILITIES> 155,523 155,523 <BONDS> 930,146 930,146 <PREFERRED-MANDATORY> 0 0 <PREFERRED> 0 0 <COMMON> 629 629 <OTHER-SE> 515,283 515,283 <TOTAL-LIABILITY-AND-EQUITY> 1,637,032 1,637,032 <SALES> 155,695 290,026 <TOTAL-REVENUES> 155,695 290,026 <CGS> 83,068 158,113 <TOTAL-COSTS> 83,068 158,113 <OTHER-EXPENSES> 85,149 161,409 <LOSS-PROVISION> 4,778 8,617 <INTEREST-EXPENSE> 20,410 36,164 <INCOME-PRETAX> (29,791) (60,058) <INCOME-TAX> 0 0 <INCOME-CONTINUING> (29,791) (60,058) <DISCONTINUED> 0 0 <EXTRAORDINARY> 0 0 <CHANGES> 0 0 <NET-INCOME> (29,791) (60,058) <EPS-PRIMARY> (0.47) (0.96) <EPS-DILUTED> (0.47) (0.96)