<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 March 31, 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>                                             3-MOS
<FISCAL-YEAR-END>                                                   DEC-31-1998
<PERIOD-END>                                                        MAR-31-1998
<CASH>                                                                        0
<SECURITIES>                                                                  0
<RECEIVABLES>                                                             93700
<ALLOWANCES>                                                                  0
<INVENTORY>                                                               36900
<CURRENT-ASSETS>                                                         174900
<PP&E>                                                                  2745100
<DEPRECIATION>                                                          1784800
<TOTAL-ASSETS>                                                          1889700
<CURRENT-LIABILITIES>                                                    870300
<BONDS>                                                                  299200
<PREFERRED-MANDATORY>                                                         0
<PREFERRED>                                                                   0
<COMMON>                                                                   1000
<OTHER-SE>                                                               533400
<TOTAL-LIABILITY-AND-EQUITY>                                            1889700
<SALES>                                                                       0
<TOTAL-REVENUES>                                                         138600
<CGS>                                                                         0
<TOTAL-COSTS>                                                             47500
<OTHER-EXPENSES>                                                          21400
<LOSS-PROVISION>                                                              0
<INTEREST-EXPENSE>                                                        19200
<INCOME-PRETAX>                                                           76200
<INCOME-TAX>                                                              21600
<INCOME-CONTINUING>                                                       35400
<DISCONTINUED>                                                                0
<EXTRAORDINARY>                                                               0
<CHANGES>                                                                     0
<NET-INCOME>                                                              35400
<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>