<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE PANHANDLE EASTERN PIPE LINE COMPANY QUARTERLY REPORT ON FORM 10-Q FOR THE QUARTER ENDED MARCH 31, 1999 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <CIK> 0000076063 <NAME> PANHANDLE EASTERN PIPE LINE COMPANY <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-END> MAR-31-1999 <CASH> 0 <SECURITIES> 0 <RECEIVABLES> 88000 <ALLOWANCES> 0 <INVENTORY> 56000 <CURRENT-ASSETS> 181000 <PP&E> 2490000 <DEPRECIATION> 1652000 <TOTAL-ASSETS> 1523000 <CURRENT-LIABILITIES> 121000 <BONDS> 299000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 1000 <OTHER-SE> 1068000 <TOTAL-LIABILITY-AND-EQUITY> 1523000 <SALES> 0 <TOTAL-REVENUES> 133000 <CGS> 0 <TOTAL-COSTS> 43000 <OTHER-EXPENSES> 21000 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 19000 <INCOME-PRETAX> 74000 <INCOME-TAX> 21000 <INCOME-CONTINUING> 34000 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 34000 <EPS-PRIMARY> 0<F1> <EPS-DILUTED> 0<F1> <FN> <F1>NOT MEANINGFUL SINCE PANHANDLE EASTERN PIPE LINE COMPANY IS A WHOLLY-OWNED SUBSIDIARY. </FN>