<ARTICLE> 5
<CIK> 0001063761        
<NAME> CORPORATE PROPERTY INVESTORS INC
<MULTIPLIER> 1,000
       
                                                  
<PERIOD-TYPE>                   YEAR                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1997             DEC-31-1998
<PERIOD-START>                             JAN-01-1997             JAN-01-1998
<PERIOD-END>                               DEC-31-1997             MAR-31-1998
<CASH>                                         124,808                  16,196
<SECURITIES>                                    40,000                       0
<RECEIVABLES>                                   89,792                  79,479
<ALLOWANCES>                                  (18,429)                (18,165)
<INVENTORY>                                          0                       0
<CURRENT-ASSETS>                                     0                       0
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<PREFERRED-MANDATORY>                                0                       0
<PREFERRED>                                    209,249                 209,249
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<OTHER-SE>                                   1,566,946               1,592,488
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<SALES>                                              0                       0
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<CGS>                                                0                       0
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<OTHER-EXPENSES>                                     0                       0
<LOSS-PROVISION>                                 2,732                     726
<INTEREST-EXPENSE>                              69,562                  16,474
<INCOME-PRETAX>                                277,211                  81,527
<INCOME-TAX>                                         0                  81,527
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<CHANGES>                                            0                       0
<NET-INCOME>                                   277,211                  81,527
<EPS-PRIMARY>                                    10.20                    3.08
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