<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> 9-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> SEP-30-1997 <CASH> 125,140 <SECURITIES> 1,955 <RECEIVABLES> 1,962,045<F1> <ALLOWANCES> 64,737<F1> <INVENTORY> 251,287 <CURRENT-ASSETS> 2,419,017 <PP&E> 2,740,447<F2> <DEPRECIATION> 1,433,331<F2> <TOTAL-ASSETS> 8,242,294 <CURRENT-LIABILITIES> 3,513,749 <BONDS> 1,171,301 <PREFERRED-MANDATORY> 300,000 <PREFERRED> 2,291 <COMMON> 323,338 <OTHER-SE> 1,663,166 <TOTAL-LIABILITY-AND-EQUITY> 8,242,294 <SALES> 1,317,483 <TOTAL-REVENUES> 2,980,209 <CGS> 788,861 <TOTAL-COSTS> 1,184,250 <OTHER-EXPENSES> 64,061 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 157,825 <INCOME-PRETAX> 578,915 <INCOME-TAX> 200,094 <INCOME-CONTINUING> 378,821 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 378,821 <EPS-PRIMARY> 1.30 <EPS-DILUTED> 1.29 <FN> <F1>Receivables are comprised of trade receivables of $347,726 and short-term finance receivables of $1,614,319. Allowances are comprised of allowance for trade receivables of $19,532 and for short-term finance receivables of $45,205. <F2>Property, plant and equipment are comprised of fixed assets of $1,104,553 and rental equipment and related inventories of $1,635,894. Depreciation is comprised of depreciation on fixed assets of $619,558 and on rental equipment and related inventories of $813,773. </FN>