<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE CONSOLIDATED BALANCE SHEETS AND CONSOLIDATED STATEMENTS OF OPERATIONS FOUND ON PAGES F-3 AND F-4 OF THE PARTNERSHIP'S FORM 10K FOR THE YEAR-TO-DATE, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <CIK> 0000899281 <NAME> SITHE/INDEPENDENCE FUNDING CORP. <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> DEC-31-1997 <CASH> 3 <SECURITIES> 0 <RECEIVABLES> 33,384 <ALLOWANCES> 0 <INVENTORY> 1,872 <CURRENT-ASSETS> 110,576 <PP&E> 770,249 <DEPRECIATION> (56,975) <TOTAL-ASSETS> 838,047 <CURRENT-LIABILITIES> 40,296 <BONDS> 669,345 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 120,564 <TOTAL-LIABILITY-AND-EQUITY> 838,047 <SALES> 355,432 <TOTAL-REVENUES> 355,432 <CGS> 260,760 <TOTAL-COSTS> 260,760 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 62,369 <INCOME-PRETAX> 39,329 <INCOME-TAX> 0 <INCOME-CONTINUING> 39,329 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 39,329 <EPS-PRIMARY> 0 <EPS-DILUTED> 0