<ARTICLE> 5
<LEGEND>
                                                                    EXHIBIT 27.1

                      ITT INDUSTRIES, INC. AND SUBSIDIARIES

                             FINANCIAL DATA SCHEDULE

     THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
COMPANY'S RESTATED JUNE 30, 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>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               JUN-30-1998
<CASH>                                         141,100
<SECURITIES>                                         0
<RECEIVABLES>                                  775,400
<ALLOWANCES>                                    17,300
<INVENTORY>                                    577,200
<CURRENT-ASSETS>                             1,571,200
<PP&E>                                       2,315,400
<DEPRECIATION>                               1,311,100
<TOTAL-ASSETS>                               5,100,500
<CURRENT-LIABILITIES>                        2,899,300
<BONDS>                                        501,900
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                       118,400
<OTHER-SE>                                     771,100
<TOTAL-LIABILITY-AND-EQUITY>                 5,100,500
<SALES>                                      2,224,500
<TOTAL-REVENUES>                             2,224,500
<CGS>                                        1,572,100
<TOTAL-COSTS>                                1,699,200
<OTHER-EXPENSES>                               397,800
<LOSS-PROVISION>                                 1,600
<INTEREST-EXPENSE>                              73,400
<INCOME-PRETAX>                                 62,700
<INCOME-TAX>                                    24,500
<INCOME-CONTINUING>                             38,200
<DISCONTINUED>                                  86,700
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   124,900
<EPS-BASIC>                                       1.05
<EPS-DILUTED>                                     1.03