<ARTICLE> 5
<LEGEND> This schedule contains summary financial information extracted from 
the December 31, 1997 consolidated balance sheet, consolidated statement of 
income for the year ended December 31, 1997, 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-31-1997
<PERIOD-END>                              DEC-31-1997
<CASH>                                         99,709
<SECURITIES>                                        0         
<RECEIVABLES>                                  76,978
<ALLOWANCES>                                    4,019
<INVENTORY>                                    71,395
<CURRENT-ASSETS>                                    0<F1> 
<PP&E>                                      3,070,627
<DEPRECIATION>                              1,328,885
<TOTAL-ASSETS>                              2,229,664
<CURRENT-LIABILITIES>                               0<F1>
<BONDS>                                       925,038
<PREFERRED-MANDATORY>                               0
<PREFERRED>                                         0
<COMMON>                                      106,689
<OTHER-SE>                                    488,311
<TOTAL-LIABILITY-AND-EQUITY>                2,229,664
<SALES>                                       282,180 
<TOTAL-REVENUES>                              860,653<F2>
<CGS>                                         250,806     
<TOTAL-COSTS>                                 569,100 
<OTHER-EXPENSES>                                    0
<LOSS-PROVISION>                                    0
<INTEREST-EXPENSE>                             75,356
<INCOME-PRETAX>                               158,369
<INCOME-TAX>                                   57,119
<INCOME-CONTINUING>                           101,250
<DISCONTINUED>                                      0 
<EXTRAORDINARY>                                     0
<CHANGES>                                           0 
<NET-INCOME>                                  101,250
<EPS-PRIMARY>                                       0<F3>
<EPS-DILUTED>                                       0
<FN>

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

<F2> The Company's revenues are derived primarily from railcar leasing.

<F3> The Company is a wholly-owned subsidiary.
</FN>