<TABLE> <S> <C>

<ARTICLE> 5  
<LEGEND> 
                                TIME WARNER INC.
                             FINANCIAL DATA SCHEDULE


     This schedule  contains summary  financial  information  extracted from the
financial  statements  of Time Warner Inc.  for the three months ended March 31,
1999 and is qualified in its entirety by reference to such financial statements.
</LEGEND>
<MULTIPLIER> 1,000,000
       
<S>                                                           <C>
<PERIOD-TYPE>                                                 3-MOS
<FISCAL-YEAR-END>                                             DEC-31-1999
<PERIOD-START>                                                JAN-01-1999
<PERIOD-END>                                                  MAR-31-1999
<CASH>                                                                  300
<SECURITIES>                                                              0
<RECEIVABLES>                                                         3,198
<ALLOWANCES>                                                            945
<INVENTORY>                                                           2,822
<CURRENT-ASSETS>                                                      4,861
<PP&E>                                                                3,400
<DEPRECIATION>                                                        1,422
<TOTAL-ASSETS>                                                       31,173
<CURRENT-LIABILITIES>                                                 4,170
<BONDS>                                                              10,606
<COMMON>                                                                 12
<PREFERRED-MANDATORY>                                                     0
<PREFERRED>                                                               2
<OTHER-SE>                                                            8,887
<TOTAL-LIABILITY-AND-EQUITY>                                         31,173
<SALES>                                                               3,266
<TOTAL-REVENUES>                                                      3,266
<CGS>                                                                 1,786
<TOTAL-COSTS>                                                         1,786
<OTHER-EXPENSES>                                                          0
<LOSS-PROVISION>                                                          0
<INTEREST-EXPENSE>                                                      233
<INCOME-PRETAX>                                                         304
<INCOME-TAX>                                                            166
<INCOME-CONTINUING>                                                     138
<DISCONTINUED>                                                            0
<EXTRAORDINARY>                                                           0
<CHANGES>                                                                 0
<NET-INCOME>                                                            138
<EPS-PRIMARY>                                                            (0.10)
<EPS-DILUTED>                                                            (0.10)
        




</TABLE>