<ARTICLE> 5
<LEGEND>
                    ITT INDUSTRIES, INC. AND SUBSIDIARIES
                           FINANCIAL DATA SCHEDULE

THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
COMPANY'S RESTATED MARCH 31, 1998 FINANCIAL STATEMENTS. IN THE THIRD QUARTER OF
1998, THE COMPANY SOLD ITS AUTOMOTIVE BRAKE AND CHASSIS AND ELECTRICAL
SYSTEMS UNITS. AS A RESULT OF THESE SALES, THESE TWO UNITS, AS WELL AS SEVERAL
OTHER SMALL PREVIOUSLY SOLD AUTOMOTIVE UNITS, HAVE BEEN ACCOUNTED FOR AS A
DISCONTINUED OPERATION. THE RESTATED FINANCIAL INFORMATION BELOW REFLECTS THE
ACCOUNTING TREATMENT OF SUCH UNITS AS A DISCONTINUED OPERATION.

                     COMMERCIAL AND INDUSTRIAL COMPANIES
</LEGEND>
<RESTATED> 
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               MAR-31-1998
<CASH>                                         160,100
<SECURITIES>                                         0
<RECEIVABLES>                                  825,200
<ALLOWANCES>                                    35,200
<INVENTORY>                                    576,500
<CURRENT-ASSETS>                             1,620,200
<PP&E>                                       2,322,900
<DEPRECIATION>                               1,309,600
<TOTAL-ASSETS>                               5,082,000
<CURRENT-LIABILITIES>                        2,891,500
<BONDS>                                        527,600
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                       118,400
<OTHER-SE>                                     722,200
<TOTAL-LIABILITY-AND-EQUITY>                 5,082,000
<SALES>                                      1,099,200
<TOTAL-REVENUES>                             1,099,200
<CGS>                                          776,800
<TOTAL-COSTS>                                  848,800
<OTHER-EXPENSES>                               204,100
<LOSS-PROVISION>                                 1,000
<INTEREST-EXPENSE>                              39,100
<INCOME-PRETAX>                                 13,100
<INCOME-TAX>                                     5,100
<INCOME-CONTINUING>                              8,000
<DISCONTINUED>                                  47,600
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    55,600
<EPS-PRIMARY>                                      .47
<EPS-DILUTED>                                      .46