<ARTICLE> 5
<LEGEND> This schedule contains summary financial information extracted from
the financial statements of Union Pacific Corporation and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<MULTIPLIER> 1,000,000

                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                         DEC-31-2000
<PERIOD-START>                            JAN-01-2000
<PERIOD-END>                              MAR-31-2000
<CASH>                                             60
<SECURITIES>                                        0
<RECEIVABLES>                                     618
<ALLOWANCES>                                        0
<INVENTORY>                                       324
<CURRENT-ASSETS>                                 1251
<PP&E>                                          34678
<DEPRECIATION>                                   7050
<TOTAL-ASSETS>                                  29909
<CURRENT-LIABILITIES>                            2795
<BONDS>                                          8352
<PREFERRED-MANDATORY>                               0
<PREFERRED>                                       691
<COMMON>                                            0
<OTHER-SE>                                       7448
<TOTAL-LIABILITY-AND-EQUITY>                    29909
<SALES>                                             0
<TOTAL-REVENUES>                                 2913
<CGS>                                               0
<TOTAL-COSTS>                                    2461
<OTHER-EXPENSES>                                    0
<LOSS-PROVISION>                                    0
<INTEREST-EXPENSE>                                182
<INCOME-PRETAX>                                   290
<INCOME-TAX>                                      105
<INCOME-CONTINUING>                               185
<DISCONTINUED>                                      0
<EXTRAORDINARY>                                     0
<CHANGES>                                           0
<NET-INCOME>                                      185
<EPS-BASIC>                                      0.75
<EPS-DILUTED>                                    0.74