<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM TERRA NITROGEN COMPANY, L.P. 10-K AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> DEC-31-1998 <CASH> 1,094 <SECURITIES> 0 <RECEIVABLES> 6,663 <ALLOWANCES> 0 <INVENTORY> 50,455 <CURRENT-ASSETS> 60,652 <PP&E> 283,402 <DEPRECIATION> 118,713 <TOTAL-ASSETS> 236,077 <CURRENT-LIABILITIES> 44,160 <BONDS> 7,846 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 178,755<F1> <TOTAL-LIABILITY-AND-EQUITY> 236,077 <SALES> 249,434 <TOTAL-REVENUES> 250,760 <CGS> 201,981 <TOTAL-COSTS> 201,981 <OTHER-EXPENSES> 9,179 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 825 <INCOME-PRETAX> 38,775 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 38,775 <EPS-PRIMARY> 0 <EPS-DILUTED> 0 <FN> <F1> DUE TO THE NATURE OF THE PARTNERSHIP, THIS REPRESENTS PARTNERS' CAPITAL. </FN>