<ARTICLE> 5
<LEGEND> 
This schedule contains summary financial information extracted from 
the December 31, 1995 consolidated balance sheet, consolidated statement of
income for the year ended December 31, 1995, and the notes thereto, and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                      DEC-31-1995
<PERIOD-END>                           DEC-31-1995
<CASH>                                      28,781
<SECURITIES>                                     0
<RECEIVABLES>                               74,405    
<ALLOWANCES>                                 3,340
<INVENTORY>                                 68,477
<CURRENT-ASSETS>                                 0<F1>
<PP&E>                                   2,754,112   
<DEPRECIATION>                           1,174,931
<TOTAL-ASSETS>                           2,003,346
<CURRENT-LIABILITIES>                            0<F1>   
<BONDS>                                    801,585
<COMMON>                                   106,689
<PREFERRED-MANDATORY>                            0
<PREFERRED>                                      0
<OTHER-SE>                                 423,784
<TOTAL-LIABILITY-AND-EQUITY>             2,003,346        
<SALES>                                    357,003<F2>
<TOTAL-REVENUES>                           875,836<F3>
<CGS>                                      330,814
<TOTAL-COSTS>                              608,534         
<OTHER-EXPENSES>                                 0      
<LOSS-PROVISION>                                 0     
<INTEREST-EXPENSE>                          81,179
<INCOME-PRETAX>                            130,493
<INCOME-TAX>                                46,028     
<INCOME-CONTINUING>                         84,465
<DISCONTINUED>                                   0 
<EXTRAORDINARY>                                  0
<CHANGES>                                        0
<NET-INCOME>                                84,465
<EPS-PRIMARY>                                    0<F4>
<EPS-DILUTED>                                    0
<FN>

<F1> The Company issues financial statements utilizing a non-classified balance 
     sheet.

<F2> Includes $130,517 related to a sale-leaseback transaction.

<F3> The Company's revenues are derived primarily from railcar leasing.

<F4> The Company is a wholly-owned subsidiary.
</FN>