<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FINANCIAL STATEMENTS OF AGCO CORPORATION FOR THE YEAR ENDED DECEMBER 31, 1998
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000,000
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               DEC-31-1998
<CASH>                                              16
<SECURITIES>                                         0
<RECEIVABLES>                                    1,001
<ALLOWANCES>                                         0
<INVENTORY>                                        672
<CURRENT-ASSETS>                                    87
<PP&E>                                             418
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                                   2,750
<CURRENT-LIABILITIES>                              761
<BONDS>                                            924
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                             1
<OTHER-SE>                                         982
<TOTAL-LIABILITY-AND-EQUITY>                     2,750
<SALES>                                          2,941
<TOTAL-REVENUES>                                 2,941
<CGS>                                            2,404
<TOTAL-COSTS>                                    2,404
<OTHER-EXPENSES>                                    56
<LOSS-PROVISION>                                     5
<INTEREST-EXPENSE>                                  68
<INCOME-PRETAX>                                     74
<INCOME-TAX>                                        28
<INCOME-CONTINUING>                                 61
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                        61
<EPS-PRIMARY>                                     1.01<F1>
<EPS-DILUTED>                                     0.99
<FN>
<F1>(EPS-PRIMARY) DENOTES BASIC EPS.
</FN>