<TABLE> <S> <C>

<ARTICLE>                                                                      5
<LEGEND>
This schedule contains summary financial information extracted from the
Panhandle Eastern Pipe Line Company Quarterly Report on Form 10-Q for the
quarter ended June 30, 1998 and is qualified in its entirety by
reference to such financial statements.
</LEGEND>
<CIK>                                                     0000076063
<NAME>                                       PANHANDLE EASTERN PIPE LINE COMPANY
<MULTIPLIER>                                              1,000
       
<S>                                                       <C>
<PERIOD-TYPE>                                                                  6-MOS
<FISCAL-YEAR-END>                                                         DEC-31-1998
<PERIOD-END>                                                              JUN-30-1998
<CASH>                                                                         0
<SECURITIES>                                                                   0
<RECEIVABLES>                                                              82800
<ALLOWANCES>                                                                   0
<INVENTORY>                                                                47700
<CURRENT-ASSETS>                                                          168100
<PP&E>                                                                   2761900
<DEPRECIATION>                                                           1792100
<TOTAL-ASSETS>                                                           1929600
<CURRENT-LIABILITIES>                                                     901400
<BONDS>                                                                   299300
<PREFERRED-MANDATORY>                                                          0
<PREFERRED>                                                                    0
<COMMON>                                                                    1000
<OTHER-SE>                                                                550900
<TOTAL-LIABILITY-AND-EQUITY>                                             1929600
<SALES>                                                                        0
<TOTAL-REVENUES>                                                          254100
<CGS>                                                                          0
<TOTAL-COSTS>                                                              99300
<OTHER-EXPENSES>                                                           40800
<LOSS-PROVISION>                                                               0
<INTEREST-EXPENSE>                                                         38100
<INCOME-PRETAX>                                                           123000
<INCOME-TAX>                                                               32100
<INCOME-CONTINUING>                                                        52800
<DISCONTINUED>                                                                 0
<EXTRAORDINARY>                                                                0
<CHANGES>                                                                      0
<NET-INCOME>                                                               52800
<EPS-PRIMARY>                                                                  0 <F1>
<EPS-DILUTED>                                                                  0 <F1>
        
<FN>
<F1>Not meaningful since Panhandle Eastern Pipe Line Company is a
wholly-owned subsidiary.
</FN>

</TABLE>