<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FINANCIAL STATEMENTS OF EASTMAN CHEMICAL COMPANY FOR THE YEAR ENDED DECEMBER 
31, 1997 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
<RESTATED>
<MULTIPLIER> 1,000,000
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               DEC-31-1997
<CASH>                                              29
<SECURITIES>                                         0
<RECEIVABLES>                                      793<F1>
<ALLOWANCES>                                         0
<INVENTORY>                                        511
<CURRENT-ASSETS>                                 1,490
<PP&E>                                           8,104
<DEPRECIATION>                                   4,223
<TOTAL-ASSETS>                                   5,778
<CURRENT-LIABILITIES>                              954
<BONDS>                                          1,714
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                             1
<OTHER-SE>                                       1,752
<TOTAL-LIABILITY-AND-EQUITY>                     5,778
<SALES>                                          4,678
<TOTAL-REVENUES>                                 4,678
<CGS>                                            3,582
<TOTAL-COSTS>                                    3,582
<OTHER-EXPENSES>                                   590
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                  87
<INCOME-PRETAX>                                    446
<INCOME-TAX>                                       160
<INCOME-CONTINUING>                                286
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                       286
<EPS-PRIMARY>                                     3.66<F2>
<EPS-DILUTED>                                     3.63
<FN>
<F1>ASSET VALUES REPRESENT NET AMOUNTS
<F2>(EPS-PRIMARY) DENOTES BASIC EPS
</FN>