<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS FINANCIAL INFORMATION EXTRACTED FROM PITNEY BOWES INC.
CONSOLIDATED BALANCE SHEET, CONSOLIDATED STATEMENT OF INCOME, CORRESPONDING
FOOTNOTE #3 FIXED ASSETS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
<RESTATED> 
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               DEC-31-1995
<CASH>                                          85,352
<SECURITIES>                                     3,201
<RECEIVABLES>                                1,646,008<F1>
<ALLOWANCES>                                    50,749<F1>
<INVENTORY>                                    311,271
<CURRENT-ASSETS>                             2,101,097
<PP&E>                                       2,663,550<F2>
<DEPRECIATION>                               1,395,212<F2>
<TOTAL-ASSETS>                               7,844,648
<CURRENT-LIABILITIES>                        3,501,576
<BONDS>                                      1,048,515
<PREFERRED-MANDATORY>                          200,000
<PREFERRED>                                      2,594
<COMMON>                                       323,338
<OTHER-SE>                                   1,745,168
<TOTAL-LIABILITY-AND-EQUITY>                 7,844,648
<SALES>                                      1,546,393
<TOTAL-REVENUES>                             3,554,754
<CGS>                                          941,124
<TOTAL-COSTS>                                1,404,725
<OTHER-EXPENSES>                                81,800
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                             226,110
<INCOME-PRETAX>                                618,931
<INCOME-TAX>                                   211,222
<INCOME-CONTINUING>                            407,709
<DISCONTINUED>                                 175,431
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   583,140
<EPS-PRIMARY>                                     1.93
<EPS-DILUTED>                                     1.91
<FN>
<F1>Receivables are comprised of trade receivables of $399,777 and short-term
finance receivables of $1,246,231. Allowances are comprised of allowance for
trade receivables of $13,050 and for short-term finance receivables of $37,699.
<F2>Property, plant and equipment are comprised of fixed assets of $1,072,229 and
rental equipment and related inventories of $1,591,321. Depreciation is
comprised of depreciation on fixed assets of $577,228 and on rental equipment
and related inventories of $817,984.
</FN>