EXHIBIT 99
Private Securities Litigation Reform Act of 1995
Safe Harbor Compliance Statement for Forward-Looking Statements
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          In passing the Private Securities Litigation Reform Act of 1995 (the
"Reform Act"), Congress encouraged public companies to make "forward-looking
statements"* by creating a safe-harbor to protect companies from securities law
liability in connection with forward-looking statements.  First Data Corporation
("FDC") intends to qualify both its written and oral forward-looking statements
for protection under the Reform Act.

          To qualify oral forward-looking statements for protection under the
Reform Act, a readily available written document must identify important factors
that could cause actual results to differ materially from those in the forward-
looking statements.  FDC provides the following information in connection with
its continuing effort to qualify forward-looking statements for the safe harbor
protection of the Reform Act.

          Important factors upon which the Company's forward-looking 
statements are premised include the following:

 .  Continued growth at rates approximating recent levels for card-based payment
transactions, consumer money transfer transactions and other product markets.

 .  Successful implementation of the Company's Year 2000 remediation plans
substantially as scheduled and budgeted as previously disclosed in the Company's
last Annual Report on Form 10-K.

 .  Successful conversions under service contracts with Hong Kong Shanghai Bank
and other major client conversions.

 .  Timely and successful implementation of processing systems to provide new
products, improved functionality and increased efficiencies.

 .  Successful launch of new payment product initiatives including those related
to electronic bill presentment and payment, card-based money transfer products
and retail foreign exchange services.

 .  Achievement of expected growth of Consumer Credit Associates, the U$A Value
Exchange program and other information product initiatives.

 .  Absence of consolidation among client financial institutions or other client
groups which has a significant impact on FDC client relationships.

 .  Achieving planned revenue growth throughout the Company, including in the
merchant alliance program which requires a cooperative effort between the
Company and its merchant alliance partners, and successful management of pricing
pressures through cost efficiencies and other cost management initiatives.

 .  No imposition of a Value Added Tax on third-party credit card processing
services by the European Community, which could put credit card processing
outsourcers at a competitive disadvantage to in-house solutions in the EC.

 .  No unanticipated changes in laws, regulations, credit card association rules
or other industry standards affecting FDC's businesses which require significant
product redevelopment efforts, reduce the market for or value of its products,
or render products obsolete.

 .  Continuation of the existing interest rate environment, avoiding increases in
agent fees related to the Company's consumer money transfer products and the
Company's short-term borrowing costs.

 .  Absence of significant changes in foreign exchange spreads on retail money
transfer transactions, particularly between the United States and Mexico.

 .  Successfully managing the potential both for patent protection and patent
liability in the context of rapidly developing legal framework for expansive
software patent protection.

          Forward-looking statements express expectations of future events.  All
forward-looking statements are inherently uncertain as they are based on various
expectations and assumptions concerning future events and they are subject to
numerous known and unknown risks and uncertainties which could cause actual
events or results to differ materially from those projected.  Due to these
inherent uncertainties the investment community is urged not to place undue
reliance on forward-looking statements.  In addition, FDC undertakes no
obligation to update or revise forward-looking statements to reflect changed
assumptions, the occurrence of unanticipated events, or changes to projections
over time.

*"Forward-looking statements" can be identified by use of words such as
  ---------------------------                                          
"expect," "estimate," "project," "forecast," "anticipate," "plan" and similar
expressions.
    
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