<TABLE> <S> <C>

<ARTICLE> 5
<LEGEND>
                                                              Exhibit 27.1


                                TIME WARNER INC.
                             FINANCIAL DATA SCHEDULE


         This schedule contains summary financial information extracted from the
financial statements of Time Warner Inc. for the nine months ended September 30,
1999 and is qualified in its entirety by reference to such financial statements.

</LEGEND>
<MULTIPLIER> 1,000,000

<S>                                                           <C>
<PERIOD-TYPE>                                                 9-MOS
<FISCAL-YEAR-END>                                             DEC-31-1999
<PERIOD-START>                                                JAN-01-1999
<PERIOD-END>                                                  SEP-30-1999
<CASH>                                                                  645
<SECURITIES>                                                              0
<RECEIVABLES>                                                         5,575
<ALLOWANCES>                                                          1,385
<INVENTORY>                                                           6,137
<CURRENT-ASSETS>                                                      8,600
<PP&E>                                                               13,910
<DEPRECIATION>                                                        5,421
<TOTAL-ASSETS>                                                       48,432
<CURRENT-LIABILITIES>                                                 8,576
<BONDS>                                                              17,812
<COMMON>                                                                 13
<PREFERRED-MANDATORY>                                                     0
<PREFERRED>                                                               1
<OTHER-SE>                                                            8,772
<TOTAL-LIABILITY-AND-EQUITY>                                         48,432
<SALES>                                                              19,345
<TOTAL-REVENUES>                                                     19,345
<CGS>                                                                 9,941
<TOTAL-COSTS>                                                         9,941
<OTHER-EXPENSES>                                                          0
<LOSS-PROVISION>                                                          0
<INTEREST-EXPENSE>                                                    1,116
<INCOME-PRETAX>                                                       2,066
<INCOME-TAX>                                                            954
<INCOME-CONTINUING>                                                   1,112
<DISCONTINUED>                                                            0
<EXTRAORDINARY>                                                          12
<CHANGES>                                                                 0
<NET-INCOME>                                                          1,100
<EPS-BASIC>                                                         0.84
<EPS-DILUTED>                                                         0.81



</TABLE>