<TABLE> <S> <C>

<ARTICLE>                      5
<LEGEND>                       TIME WARNER INC.
                            FINANCIAL DATA SCHEDULE
                                                                   Exhibit 27.1

         This schedule contains summary financial information extracted from the
financial statements of Time Warner Inc. for the six months ended June 30, 2000
and is qualified in its entirety by reference to such financial statements.

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

<S>                                                             <C>
<PERIOD-TYPE>                                                   6-MOS
<FISCAL-YEAR-END>                                               DEC-31-2000
<PERIOD-START>                                                  JAN-01-2000
<PERIOD-END>                                                    JUN-30-2000
<CASH>                                                                  459
<SECURITIES>                                                              0
<RECEIVABLES>                                                         5,885
<ALLOWANCES>                                                          1,634
<INVENTORY>                                                           6,086
<CURRENT-ASSETS>                                                      7,706
<PP&E>                                                               15,387
<DEPRECIATION>                                                        6,019
<TOTAL-ASSETS>                                                       49,347
<CURRENT-LIABILITIES>                                                 8,860
<BONDS>                                                              17,806
<COMMON>                                                                 13
<PREFERRED-MANDATORY>                                                     0
<PREFERRED>                                                               0
<OTHER-SE>                                                            9,675
<TOTAL-LIABILITY-AND-EQUITY>                                         49,347
<SALES>                                                              13,644
<TOTAL-REVENUES>                                                     13,644
<CGS>                                                                 7,950
<TOTAL-COSTS>                                                         7,950
<OTHER-EXPENSES>                                                          0
<LOSS-PROVISION>                                                          0
<INTEREST-EXPENSE>                                                      822
<INCOME-PRETAX>                                                         141
<INCOME-TAX>                                                            167
<INCOME-CONTINUING>                                                     (26)
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