<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FINANCIAL STATEMENTS OF EASTMAN CHEMICAL COMPANY FOR THE SIX MONTHS ENDED JUNE
30, 1996 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<RESTATED>
<MULTIPLIER> 1,000,000
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               JUN-30-1996
<CASH>                                              59
<SECURITIES>                                         0
<RECEIVABLES>                                      852 <F1>
<ALLOWANCES>                                         0
<INVENTORY>                                        454
<CURRENT-ASSETS>                                 1,490
<PP&E>                                           7,069
<DEPRECIATION>                                   3,873
<TOTAL-ASSETS>                                   5,015
<CURRENT-LIABILITIES>                              724
<BONDS>                                          1,425
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                             1
<OTHER-SE>                                       1,566
<TOTAL-LIABILITY-AND-EQUITY>                     5,015
<SALES>                                          2,502
<TOTAL-REVENUES>                                 2,502
<CGS>                                            1,862
<TOTAL-COSTS>                                    1,862
<OTHER-EXPENSES>                                   259
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                  35
<INCOME-PRETAX>                                    355
<INCOME-TAX>                                       131
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                       224
<EPS-PRIMARY>                                     2.83 <F2>
<EPS-DILUTED>                                     2.80
<FN>
<F1>ASSET VALUES REPRESENT NET AMOUNTS.
<F2>(EPS-PRIMARY) DENOTES BASIC EPS
</FN>