SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C. 20549

                                  FORM 10-Q

(Mark One)
[ X ] QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES
      EXCHANGE ACT OF 1934

      FOR THE QUARTERLY PERIOD ENDED MARCH 31, 1997

                                      OR

 |  | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES     
     EXCHANGE ACT OF 1934
     For the transition period from to       Commission file number 1-6324


             THE BURLINGTON NORTHERN AND SANTA FE RAILWAY COMPANY
            (Exact name of registrant as specified in its charter)


             Delaware                                   41-6034000
      (State or other jurisdiction of     (I.R.S. Employer Identification No.)
        incorporation or organization)


     2650 Lou Menk Drive
     Fort Worth, Texas                                 76131-2830             
(Address of principal executive offices)               (Zip Code)


                                (817) 333-2000
             Registrant's telephone number, including area code:


Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months [or for such shorter period that the
registrant was required to file such reports], and (2) has been subject to
such filing requirements for the past 90 days.  Yes  X   No


                                                      Shares Outstanding
            Class                                    as of April 30, 1997

Common Stock, par value $1.00*                         1,000 shares


*The Burlington Northern and Santa Fe Railway Company is a wholly-owned
subsidiary of Santa Fe Pacific Corporation (SFP) which is a wholly-owned
subsidiary of Burlington Northern Santa Fe Corporation and there is no market
data with respect to registrant's shares.


Registrant meets the conditions set forth in General Instruction H(1) (a) and
(b) of Form 10-Q and is therefore filing this Form 10-Q with the reduced
disclosure format permitted by General Instruction H(2).

<PAGE>
                         PART I FINANCIAL INFORMATION

ITEM 1.  FINANCIAL STATEMENTS
<TABLE>

<CAPTION>

    THE BURLINGTON NORTHERN AND SANTA FE RAILWAY COMPANY AND SUBSIDIARIES
                       CONSOLIDATED STATEMENT OF INCOME
                            (DOLLARS IN MILLIONS)
                                 (UNAUDITED)


                                Three Months Ended
                                     March 31,
                                   1997     1996
                                  -------  ------
<S>                               <C>      <C>

Revenues                          $2,035   $2,027


Operating expenses:
  Compensation and benefits          693      668
  Purchased services                 228      223
  Equipment rents                    215      192
  Fuel                               196      168
  Depreciation and amortization      181      178
  Materials and other                201      224
                                  -------  ------
    Total operating expenses       1,714    1,653
                                  -------  ------

Operating income                     321      374
Interest expense                      26       23
Interest income, related parties       7       10
Other income (expense), net           (1)       1
                                  -------  ------

Income before income taxes           301      362
Income tax expense                   114      139
                                  -------  ------

Net income                        $  187   $  223
                                  =======  ======


</TABLE>




See accompanying notes to consolidated financial statements.

<PAGE>

<TABLE>

<CAPTION>

    THE BURLINGTON NORTHERN AND SANTA FE RAILWAY COMPANY AND SUBSIDIARIES
                          CONSOLIDATED BALANCE SHEET
                             (DOLLARS IN MILLIONS)
                                 (UNAUDITED)


                                                   March 31,   December 31,
                                                      1997       1996
                                                   ----------  --------
ASSETS

Current assets:
<S>                                                <C>         <C>

  Cash and cash equivalents                        $     100   $    95 
  Accounts receivable, net                               866       757 
  Materials and supplies                                 230       222 
  Current portion of deferred income taxes               304       306 
  Other current assets                                    32        30 
                                                   ----------  --------
      Total current assets                             1,532     1,410 

Property and equipment, net                           17,262    17,164 
Intercompany notes receivable                             73       529 
Other assets                                             570       559 
                                                   ----------  --------

      Total assets                                 $  19,437   $19,662 
                                                   ==========  ========


LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:
  Accounts payable and other current liabilities   $   2,087   $ 2,421 
  Long-term debt due within one year                      88       157 
                                                   ----------  --------
      Total current liabilities                        2,175     2,578 

Long-term debt                                         1,233     1,243 
Deferred income taxes                                  4,527     4,473 
Casualty and environmental liabilities                   532       543 
Employee, merger and separation costs                    451       466 
Other liabilities                                        928       957 
                                                   ----------  --------
      Total liabilities                                9,846    10,260 
                                                   ----------  --------

Commitments and contingencies (See note 3)

Stockholder's equity:
  Common stock, $1 par value,(1,000 shares
    authorized, issued and outstanding) and
     paid-in capital                                  10,373    10,312 
  Retained earnings                                    3,098     2,910 
  Capital contribution receivable                     (3,880)   (3,820)
                                                   ----------  --------
      Total stockholder's equity                       9,591     9,402 
                                                   ----------  --------
        Total liabilities and stockholder's
          equity                                   $  19,437   $19,662 
                                                   ==========  ========

</TABLE>



See accompanying notes to consolidated financial statements.

<PAGE>

<TABLE>

<CAPTION>

    THE BURLINGTON NORTHERN AND SANTA FE RAILWAY COMPANY AND SUBSIDIARIES
                     CONSOLIDATED STATEMENT OF CASH FLOWS
                            (DOLLARS IN MILLIONS)
                                 (UNAUDITED)

                                                    Three Months Ended
                                                         March 31,
                                                       1997    1996
                                                      ------  ------

Operating Activities:
<S>                                                   <C>     <C>

  Net income                                          $ 187   $ 223 
  Adjustments to reconcile net income to net cash
    provided by operating activities:
      Depreciation and amortization                     181     178 
      Deferred income taxes                              56      81 
      Employee, merger and separation costs paid        (31)    (56)
      Other, net                                        (28)     22 
      Changes in working capital                       (451)    (41)
                                                      ------  ------
Net cash provided by (used for) operating activities    (86)    407 
                                                      ------  ------

Investing Activities:
  Cash used for capital expenditures                   (252)   (298)
  Other, net                                            (36)      3 
                                                      ------  ------
Net cash used for investing activities                 (288)   (295)
                                                      ------  ------

Financing Activities:
  Net increase (decrease) in commercial paper             -    (224)
  Proceeds from issuance of long-term debt               21       - 
  Payments on long-term debt                            (99)    (23)
  Net decrease in intercompany note receivable          456     168 
  Other, net                                              1      (1)
                                                      ------  ------
Net cash provided by (used for) financing activities    379     (80)
                                                      ------  ------

Increase in cash and cash equivalents                     5      32 
Cash and cash equivalents:
  Beginning of period                                    95      54 
                                                      ------  ------
  End of period                                       $ 100   $  86 
                                                      ======  ======

Supplemental cash flow information:
  Interest paid, net of amounts capitalized           $  21   $  18 
  Income taxes paid (refunded), net                     174       1 
  Assets financed through capital lease obligations       -      13 



</TABLE>



See accompanying notes to consolidated financial statements.



<PAGE>

      THE BURLINGTON NORTHERN AND SANTA FE RAILWAY COMPANY AND SUBSIDIARIES

                  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                  (UNAUDITED)


1. Accounting policies and interim results

The consolidated financial statements should be read in conjunction with the
The Burlington Northern and Santa Fe Railway Company ("Railway" or "Company")
Annual Report on Form 10-K for the year ended December 31, 1996.  The Company
was formerly known as Burlington Northern Railroad Company (BNRR).  The
Atchison, Topeka and Santa Fe Railway Company (ATSF) merged with and into BNRR
and the nameof the surviving entity, BNRR, was changed to The Burlington
Northern and Santa Fe Railway Company.  Railway is a wholly-owned subsidiary
of Santa Fe Pacific Corporation (SFP) which in turn is a wholly-owned
subsidiary of Burlington Northern Santa Fe Corporation (BNSF).  All
significant intercompany accounts and transactions have been eliminated.

The results of operations for any interim period are not necessarily
indicative of the results of operations to be expected for the entire year. 
In the opinion of management, all adjustments (consisting of only normal
recurring adjustments, except as disclosed) necessary to present fairly
Railway's consolidated financial position as of March 31, 1997 and December
31, 1996 and the consolidated results of operations for the three month
periods ended March 31, 1997 and 1996 have been included.

For accounting purposes, the merging of BNRR and ATSF was treated as a
combination of subsidiaries for the periods they were under common control. 
Accordingly, the results of operations and cashflows for the three months
ended March 31, 1996 represent the combined results of Railway and will differ
from amounts reported in the BNRR Form 10-Q for the three months ended March
31, 1996.

Certain comparative prior year amounts in the consolidated financial
statements and notes have been reclassified to conform with the current year
presentation.

2. Employee, merger and separation costs

Current and long-term employee merger and separation liabilities totaling $551
million are included in the consolidated balance sheet at March 31, 1997. 
During the first quarter of 1997, the Company paid $31 million of employee,
merger and separation costs.

At March 31, 1997, approximately $100 million of the total liability is
included within current liabilities for anticipated costs to be paid over the
next twelve months.  The remaining costs are anticipated to be paid over the
next five years, except for certain costs related to conductors, trainmen and
locomotive engineers which will be paid upon the employees' separation or
retirement, as well as certain benefits for clerical employees which may be
paid on an installment basis, generally over five to ten years.

In addition to the above, certain merger and separation costs, including
relocation costs associated with clerical employees, will be recorded as
operating expenses in 1997 and future periods.  The ultimate timing and
magnitude of any such future expense is presently unknown.

3. Environmental and other contingencies

The Company's operations, as well as those of its competitors, are subject to
extensive federal, state and local environmental regulation.  Railway's
operating procedures include practices to protect the environment from the
environmental risks inherent in railroad operations, which frequently involve
transporting chemicals and other hazardous materials.  Additionally, many of
Railway's land holdings are and have been used for industrial or
transportation-related purposes or leased to commercial or industrial
companies whose activities may have resulted in discharges onto the property. 
As a result, Railway is subject to environmental clean-up and enforcement
actions.  In particular, the Federal Comprehensive Environmental Response
Compensation and Liability Act of 1980, also known as the "Superfund" law, as
well as similar state laws generally impose joint and several liability for
clean-up and enforcement costs without regard to fault or the legality of the
original conduct on current and former owners and operators of a site.

Railway is involved in a number of administrative and judicial proceedings and
other mandatory clean-up efforts at approximately 345 sites, at which it is
being asked to participate in the study and / or clean-up of alleged
environmental contamination.  Railway paid approximately $13 million during
the first three months of 1997 for mandatory clean-up efforts, including
amounts expended under federal and state voluntary clean-up programs.  Railway
has accruals of approximately $220 million for remediation and restoration of
all known sites.  Railway anticipates that the majority of the accrued costs
at March 31, 1997 will be paid over the next five years.  No individual site
is considered to be material.

Liabilities recorded for environmental costs represent Railway's best
estimates for remediation and restoration of these sites and include both
asserted and unasserted claims.  Unasserted claims are not considered to be a
material component of  the liability.  Although recorded liabilities include
Railway's best estimates of all costs, without reduction for anticipated
recoveries from third parties, Railway's total clean-up costs at these sites
cannot be predicted with certainty due to various factors such as the extent
of corrective actions that may be required, evolving environmental laws and
regulations, advances in environmental technology, the extent of other
parties' participation in clean-up efforts, developments in ongoing
environmental analyses related to sites determined to be contaminated, and
developments in environmental surveys and studies of potentially contaminated
sites.  As a result, future charges to income for environmental liabilities
could have a significant effect on results of operations in a particular
quarter or fiscal year as individual site studies and remediation and
restoration efforts proceed or as new sites arise.  However, expenditures
associated with such liabilities are typically paid out over a long period;
therefore, management believes that it is unlikely that any identified
matters, either individually or in the aggregate, will have a material adverse
effect on Railway's consolidated financial position or liquidity.

The railroad industry, including Railway, will become subject to future
requirements regulating air emissions from diesel locomotives that may
increase their operating costs.  Proposed regulations applicable to new
locomotive engines were issued by the Environmental Protection Agency in
early 1997, with final regulations to be promulgated by the end of the year.
It is anticipated that these regulations will be effective for new locomotive
engines installed after 1999 and through 2010 and will preempt state
regulation of locomotive emission standards.  Under some interpretations of
federal law, older locomotive engines may be regulated by states based on
standards and procedures which the State of California ultimately adopts. 
At this time, the State of California has indicated to the Environmental 
Protection Agency that it will support the proposed federal rule subject to
slight technical modifications.

Other claims and litigation

Railway and its subsidiaries are parties to a number of legal actions and
claims, various governmental proceedings and private civil suits arising in
the ordinary course of business, including those related to environmental
matters and personal injury claims.  While the final outcome of these items
cannot be predicted with certainty, considering among other things the
meritorious legal defenses available, it is the opinion of management that
none of these items, when finally resolved, will have a material adverse
effect on the annual results of operations, financial position or liquidity of
Railway, although an adverse resolution of a number of these items could have
a material adverse effect on the results of operations in a particular quarter
or fiscal year.

4. Hedging activities

Fuel

Railway has a program to hedge against fluctuations in the price of its diesel
fuel purchases.  This program includes forward purchases for delivery at
fueling facilities, and various commodity swap and collar transactions which
are accounted for as hedges.  Any gains or losses associated with changes in
market value of these hedges are deferred and recognized as a component of
fuel expense in the period in which the hedged fuel is purchased and used.  To
the extent Railway hedges portions of its fuel purchases, it may not fully
benefit from decreases in fuel prices.

As of March 31, 1997, Railway had entered into forward purchases for
approximately 77 million gallons at an average price of approximately 58 cents
per gallon, and fuel swaps for approximately 680 million gallons at an average
price of approximately 54 cents per gallon.  A majority of these contracts
have expiration dates ranging from June 1997 to December 1998 with an
additional 10 million gallons expiring in 1999.

The above prices do not include taxes, fuel handling costs, certain
transportation costs and, except for forward contracts, any differences which
may occur from time to time between the prices of commodities hedged and the
purchase price of Railway's diesel fuel.

Railway's current fuel hedging program covers approximately 50 percent of
projected fuel purchases for the remaining nine months of 1997, approximately
30 percent of estimated 1998 fuel purchases and less than one percent of
estimated 1999 fuel purchases.  Hedge positions are closely monitored to
ensure that they will not exceed actual fuel requirements in any period. 
Unrecognized gains from Railway's fuel hedging transactions were approximately
$4 million at March 31, 1997.  Railway also monitors its hedging positions and
credit ratings of its counterparties and does not anticipate losses due to
counterparty nonperformance.

5. Related party transactions

Railway is involved with BNSF and certain of its subsidiaries in related party
transactions in the ordinary course of business which include payments made on
each other's behalf and performance of services.  During the first quarter of
1997 Railway made intercompany payments to SFP of $174 million for state and
federal income taxes, which are reflected in changes in working capital in the
consolidated statement of cashflows.

Additionally, during the first quarter of 1997 Railway had net borrowings from
BNSF of $456 million used to fund capital expenditures, payments of taxes and
other operating activities.  These borrowings reduced intercompany notes
receivable from $529 million to $73 million.  Interest is paid on intercompany
notes receivable at a rate of 1.0% above the monthly average of the daily
effective Federal Funds rate.  Interest income is reflected in Interest
income, related parties.  The notes are due on demand.


<PAGE>


    THE BURLINGTON NORTHERN AND SANTA FE RAILWAY COMPANY AND SUBSIDIARIES

ITEM 2.  MANAGEMENT'S NARRATIVE ANALYSIS OF RESULTS OF OPERATIONS


Management's narrative analysis relates to the financial condition and results
of operations of The Burlington Northern and Santa Fe Railway Company 
("Railway", "Registrant" or "Company").  Railway was formerly known as
Burlington Northern Railroad Company (BNRR).  The Atchison, Topeka and Santa
Fe Railway Company (ATSF) merged with and into BNRR and the name of the
survivng entity, BNRR, was changed to The Burlington Northern and Santa Fe
Railway Company.

RESULTS OF OPERATIONS

THREE MONTHS ENDED MARCH 31, 1997 COMPARED WITH THREE MONTHS ENDED MARCH 31,
1996

Railway recorded net income for the first quarter of 1997 of $187 million
compared with first quarter 1996 net income of $223 million.  The decrease in
net income is primarily due to severe weather which affected Railway
operations throughout the Northern Plains and Pacific Northwest for large
portions of first quarter 1997.  The financial impact of recurring and
protracted outages on many parts of the system, the cost of repairing track,
signals and equipment, and the operating inefficiencies caused by the weather
is virtually impossible to measure with precision.  However, the Company
estimates that the severe weather resulted in lost revenue opportunities of
approximately $100 million and increased operating expenses of at least $50
million.

REVENUES

The following table presents Railway's revenue information by commodity for
the three months ended March 31, 1997 and 1996 and includes certain
reclassifications of prior year information to conform to current year
presentation.

<TABLE>

<CAPTION>

                                                              Revenue
                                               Revenue      Per Thousand
                              Revenues        Ton Miles       Ton Miles
                             1997  1996     1997     1996    1997    1996
                          (In Millions)    (In Millions)

<S>                       <C>     <C>     <C>     <C>      <C>     <C>

Intermodal                $  527  $  491  18,232   16,701  $28.91  $29.40
Coal                         489     478  39,653   40,960   12.33   11.67
Agricultural Commodities     292     340  15,152   17,318   19.27   19.63
Chemicals                    191     187   7,201    6,970   26.52   26.83
Forest Products              136     135   6,049    5,769   22.48   23.40
Consumer Goods               118     115   4,406    4,334   26.78   26.53
Automotive                   107      98   1,579    1,493   67.76   65.64
Metals                       101     105   4,408    4,979   22.91   21.09
Minerals                      74      72   2,940    2,686   25.17   26.81
                          ------  ------  ------  -------  ------  ------
Total Freight Revenues     2,035   2,021  99,620  101,210   20.43   19.97
Other Revenues                 -       6       -        -       -       -
                          ------  ------  ------  -------  ------  ------
Total Operating Revenues  $2,035  $2,027  99,620  101,210  $20.43  $19.97
                          ======  ======  ======  =======  ======  ======
</TABLE>


Intermodal revenues of $527 million increased $36 million or 7 percent led by
increases in direct and truckload sectors.  The direct sector benefited from
increased units shipped for UPS, Roadway and Consolidated Freightways. 
Truckload units increased due to higher traffic from J.B. Hunt and Schneider. 
Revenue ton miles increased due to growth in the Chicago/Southeast to
California corridors.

Coal revenues of $489 million for the 1997 first quarter increased $11 million
compared to revenues of $478 million for the 1996 first quarter.  Although
revenue ton miles decreased, tonnage shipped was slightly above 1996 levels.

Agricultural Commodities revenues of $292 million for the 1997 first quarter
were $48 million lower than revenues of $340 million for the 1996 first
quarter.  This decrease is due primarily to weather-related service problems
in the Northern Plains and Pacific Northwest affecting shipments of wheat,
corn and soybeans, and a poor hard, red winter wheat crop.

Automotive revenues of $107 million for the 1997 first quarter increased $9
million compared to revenues of $98 million for the 1996 first quarter.  The
increase reflects new business with Honda in California and increases in
General Motors shipments compared to the first quarter of 1996 when General
Motors was experiencing a strike.

EXPENSES

Total operating expenses for the first quarter of 1997 were $1,714 million, an
increase of $61 million or 4 percent, compared with operating expenses for the
1996 first quarter of $1,653 million.  The operating ratio was 84.2 percent
for the first quarter of 1997, compared with an 81.5 percent operating ratio
for the first quarter 1996.

Compensation and benefits expenses of $693 million were $25 million or 4
percent higher than the first quarter of 1996.  A majority of the increase was
due to higher costs associated with weather-related repairs to track and
equipment and slower operations.  Additionally, wages were higher because of
wage increases to both salaried and union employees.  These increases were
partially offset by lower salaried employee incentive compensation expense due
to the Company's performance relative to certain goals.

Equipment rents expenses for the first quarter of 1997 of $215 million were
$23 million or 12 percent higher than the 1996 first quarter reflecting
additional costs related to poorer rail car utilization caused by the adverse
weather.

Fuel expenses of $196 million for the 1997 first quarter were $28 million
higher than fuel expenses for the first quarter of 1996 primarily due to an 11
cent or 17% increase in the average price paid per gallon of diesel fuel.

Materials and other expenses of $201 million for the 1997 first quarter were
$23 million or 10 percent lower compared to the 1996 first quarter which
included costs associated with several major derailments.


<PAGE>


    THE BURLINGTON NORTHERN AND SANTA FE RAILWAY COMPANY AND SUBSIDIARIES

                         PART II  OTHER INFORMATION


ITEM 1.  LEGAL PROCEEDINGS


CROW RESERVATION CROSSING ACCIDENT CASE

Reference  is  made  to the discussion in Registrant's Report on Form 10-K for
the  fiscal  year ended December 31, 1996, of the lawsuit filed in Crow Tribal
Court  (Estates  of  Red  Wolf, Red Horse and Bull Tail v. Burlington Northern
Railroad  Company, Case No. 94-31) arising out of a 1993 accident at a Railway
crossing  located within the boundaries of the Crow reservation in which three
members of the Crow tribe were killed.  The lawsuit was filed on behalf of the
estates  of  the  driver  of the vehicle and the two passengers in the vehicle
involved.  One of the passenger cases was severed and has yet to go to trial. 
The  other two cases proceeded to trial in January 1996.  On February 6, 1996,
a  Crow  Tribal Court jury rendered a verdict against Railway for compensatory
damages  in  the  total  amount of $250 million.  Subsequently, the plaintiffs
filed  a  Notice and Request with the Tribal Appellate Court requesting, among
other things, the entry of an order reducing the amount of the judgment to $25
million.  On February 7, 1997, the Tribal Appellate Court issued an order
setting forth its intention to grant the motion to reduce the judgment by
remanding  the  matter  to the trial court for the limited purpose of reducing
the judgment in accordance with the request.

On  February  26, 1996, the Federal District Court for the District of Montana
entered an order enjoining any action by the Tribal Court plaintiffs to
enforce the judgment pending appeal through the tribal court and federal court
systems.    Upon appeal of that decision by the Tribal Court plaintiffs to the
United  States  Court  of  Appeals for the Ninth Circuit, the Ninth Circuit on
January 29, 1997, issued an opinion which reversed the district court and
remanded the matter to the trial court with instructions to dissolve the
injunction.  The basis for the appellate court's decision was that Railway had
failed  to  exhaust  its remedies in the tribal court.  On April 10, 1997, the
Ninth  Circuit  denied Railway's petition for rehearing and on April 17, 1997,
issued an order granting a stay of its mandate to the District Court.  Railway
intends to petition the United States Supreme Court for a writ of certiorari.
As a result, the trial court's injunction against enforcement of the judgment
will stay in effect until the resolution of the petition for certiorari.

ENVIRONMENTAL PROCEEDING

Railway was issued a Notice of Violation by the Texas Natural Resource
Conservation  Commission  with  respect  to the alleged failure to timely file
wastewater  discharge reports and other deficiencies at a facility in Silsbee,
Texas.  Railway settled the matter with an Agreed Order (TNRCC Docket No.
96-1755-1WD-E) dated May 5, 1997, which calls for payment of $117,520,
($17,628 of which is deferred contingent upon compliance with the Agreed
Order),  correction  of alleged recordkeeping deficiencies, and a study of the
ditch receiving the permitted discharges.


ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

     A.  Exhibits

See Index to Exhibits on page E-1 for a description of the exhibits filed as
part of this report.

     B.  Reports on Form 8-K

The Registrant filed the following Current Reports on Form 8-K during the
quarter ended March 31, 1997:

 None

<PAGE>

                                  SIGNATURES



Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.




                         THE BURLINGTON NORTHERN AND SANTA FE
                           RAILWAY COMPANY AND SUBSIDIARIES
                           (Registrant)




                           By:  /s/ THOMAS N. HUND
                                Thomas N. Hund
                                Vice President and Controller
                                (On behalf the Registrant and as
                                  principal accounting officer)





Schaumburg, Illinois
May 15, 1997


<PAGE>



    THE BURLINGTON NORTHERN AND SANTA FE RAILWAY COMPANY AND SUBSIDIARIES

                                EXHIBIT INDEX


  12              Statement regarding computation of ratio
                  of earnings to fixed charges.

  27              Financial Data Schedule.


                                     E-1