10-K/A

                              
              SECURITIES AND EXCHANGE COMMISSION
                   WASHINGTON, D.C. 20549
                          Form 10-K

[X]  ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF
     THE SECURITIES EXCHANGE ACT OF 1934

     For the fiscal year ended January 3, 1998
     Commission File Number 1-5480

                        Textron Inc.

      (Exact name of registrant as specified in charter)

     Delaware                                 05-0315468
     (State or other jurisdiction of          (I.R.S. Employer
     incorporation or organization)           Identification No.)
             40 Westminster Street, Providence, R.I. 02903
                            (401) 421-2800
     (Address and telephone number of principal executive offices)
                             ______________

Securities registered pursuant to Section 12(b) of the Act:

                                                     Name of Each Exchange on
      Title of Class                                      Which Registered

Common Stock - par value $.125; (163,142,742 shares   New York Stock Exchange
  outstanding at March 6, 1998);                      Pacific Stock Exchange
Preferred Stock Purchase Rights                       Chicago Stock Exchange

$2.08 Cumulative Convertible Preferred Stock,         New York Stock Exchange
  Series A - no par value

$1.40 Convertible Preferred Dividend Stock, Series B  New York Stock Exchange
  (preferred only as to dividends) - no par value

8.75% Debentures due July 1, 2022                     New York Stock Exchange

7.92% Trust Preferred Securities of Subsidiary Trust  New York Stock Exchange
(and Textron Guaranty with respect thereto)

Securities registered pursuant to Section 12(g) of the  Act: None

           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     .

          Indicate by check mark if disclosure of delinquent
filers  pursuant  to  Item  405 of  Regulation  S-K  is  not
contained herein, and will not be contained, to the best  of
registrant's  knowledge, in definitive proxy or  information
statements  incorporated by reference in Part  III  of  this
Form 10-K or any amendment to this Form 10-K.  [X]

          The aggregate market value of voting stock held by
non-affiliates  of the registrant is $12,025,454,250  as  of
March 6, 1998.

            Portions   of  Textron's   Annual   Report    to
Shareholders  for  the fiscal  year  ended  January 3,  1998
are  incorporated by reference in Parts I and  II  of   this
Report.    Portions  of Textron's Proxy Statement   for  its
Annual Meeting of Shareholders to be held on April 22,  1998
are incorporated by reference in Part III of this Report.



     Textron Inc. is amending the electronic filing of its 
Annual Report on Form 10-K
because  of a discrepancy in the first electronic filing.  Exhibit
27  was  not  included in the dissemination file  due  to  a
misplaced end submission tag in the filing.

EX-27

 

<ARTICLE> 5
<LEGEND>
Numbers are restated for the fiscal years ended December 28, 1996 and 
December 30, 1995.

       
                                                                
<PERIOD-TYPE>             12-MOS                  12-MOS                  12-MOS
<FISCAL-YEAR-END>         JAN-03-1998             DEC-28-1996             DEC-30-1995
<PERIOD-END>              JAN-03-1998             DEC-28-1996             DEC-30-1995
<CASH>                             87                      47                      99
<SECURITIES>                        0                       0                       0
<RECEIVABLES>                  11,732                  11,304                  10,671
<ALLOWANCES>                      315                     293                     270
<INVENTORY>                     1,349                   1,192                   1,284
<CURRENT-ASSETS>                    0                       0                       0
<PP&E>                          3,687                   3,203                   3,060
<DEPRECIATION>                  1,827                   1,664                   1,652
<TOTAL-ASSETS>                 18,610                  18,235                  23,172
<CURRENT-LIABILITIES>               0                       0                       0
<BONDS>                        10,496                  10,346                  10,249
<COMMON>                           24                      12                      12
<PREFERRED-MANDATORY>               0                       0                       0
<PREFERRED>                        13                      14                      15
<OTHER-SE>                      3,191                   3,157                   3,385
<TOTAL-LIABILITY-AND-EQUITY>   18,610                  18,235                  23,172
<SALES>                         8,333                   7,179                   6,468
<TOTAL-REVENUES>               10,544                   9,274                   9,973
<CGS>                           6,836                   5,837                   5,294
<TOTAL-COSTS>                   7,115                   6,112                   6,626
<OTHER-EXPENSES>                    0                       0                       0
<LOSS-PROVISION>                  256                     230                     169
<INTEREST-EXPENSE>                726                     731                     813
<INCOME-PRETAX>                   948                     827                     813
<INCOME-TAX>                      364                     322                     321
<INCOME-CONTINUING>               558                     482                     479
<DISCONTINUED>                      0                   (229)                       0
<EXTRAORDINARY>                     0                       0                       0
<CHANGES>                           0                       0                       0
<NET-INCOME>                      558                     253                     479
<EPS-PRIMARY>                    3.38                    1.51                    2.82
<EPS-DILUTED>                    3.29                    1.47                    2.77
        



 

EX-27

 

<ARTICLE> 5

       

                                                                                
<PERIOD-TYPE>                             3-MOS                    6-MOS                  9-MOS
<FISCAL-YEAR-END>                          JAN-03-1998             JAN-03-1998             JAN-03-1998
<PERIOD-END>                               MAR-29-1997             JUN-28-1997             SEP-27-1997
<CASH>                                             140                     161                      89
<SECURITIES>                                         0                       0                       0
<RECEIVABLES>                                        0                       0                       0
<ALLOWANCES>                                         0                       0                       0
<INVENTORY>                                      1,373                   1,416                   1,435
<CURRENT-ASSETS>                                     0                       0                       0
<PP&E>                                           3,459                   3,483                   3,516
<DEPRECIATION>                                   1,758                   1,802                   1,803
<TOTAL-ASSETS>                                  18,689                  18,795                  18,517
<CURRENT-LIABILITIES>                                0                       0                       0
<BONDS>                                         10,563                  10,628                  10,309
<COMMON>                                            12                      24                      24
<PREFERRED-MANDATORY>                                0                       0                       0
<PREFERRED>                                         14                      14                      13
<OTHER-SE>                                       3,189                   3,182                   3,252
<TOTAL-LIABILITY-AND-EQUITY>                    18,689                  18,795                  18,517
<SALES>                                          2,021                   4,138                   6,088
<TOTAL-REVENUES>                                 2,551                   5,218                   7,726
<CGS>                                            1,656                   3,386                   4,975
<TOTAL-COSTS>                                    1,726                   3,523                   5,183
<OTHER-EXPENSES>                                     0                       0                       0
<LOSS-PROVISION>                                    64                     127                     190
<INTEREST-EXPENSE>                                 183                     363                     546
<INCOME-PRETAX>                                    216                     463                     693
<INCOME-TAX>                                        85                     180                     266
<INCOME-CONTINUING>                                125                     270                     408
<DISCONTINUED>                                       0                       0                       0
<EXTRAORDINARY>                                      0                       0                       0
<CHANGES>                                            0                       0                       0
<NET-INCOME>                                       125                     270                     408
<EPS-PRIMARY>                                      .75                    1.63                    2.46
<EPS-DILUTED>                                      .73                    1.59                    2.40
        



 

EX-27

 

<ARTICLE> 5

       


                                                                                
<PERIOD-TYPE>                             3-MOS                    6-MOS                  9-MOS
<FISCAL-YEAR-END>                          DEC-28-1996             DEC-28-1996             DEC-28-1996
<PERIOD-END>                               MAR-30-1996             JUN-29-1996             SEP-28-1996
<CASH>                                              71                     184                     169
<SECURITIES>                                         0                       0                       0
<RECEIVABLES>                                   10,736                       0                       0
<ALLOWANCES>                                       274                       0                       0
<INVENTORY>                                      1,368                   1,471                   1,303
<CURRENT-ASSETS>                                     0                       0                       0
<PP&E>                                           2,999                   3,298                   3,106
<DEPRECIATION>                                   1,630                   1,830                   1,633
<TOTAL-ASSETS>                                  17,383                  18,354                  18,035
<CURRENT-LIABILITIES>                                0                       0                       0
<BONDS>                                          9,886                  10,278                  10,219
<COMMON>                                            12                      12                      12
<PREFERRED-MANDATORY>                                0                       0                       0
<PREFERRED>                                         15                      15                      14
<OTHER-SE>                                       3,200                   3,254                   3,061
<TOTAL-LIABILITY-AND-EQUITY>                    17,383                  18,354                  18,035
<SALES>                                          1,700                   3,567                   5,289
<TOTAL-REVENUES>                                 2,214                   4,598                   6,846
<CGS>                                            1,393                   2,913                   4,308
<TOTAL-COSTS>                                    1,463                   3,052                   4,516
<OTHER-EXPENSES>                                     0                       0                       0
<LOSS-PROVISION>                                    53                     107                     166
<INTEREST-EXPENSE>                                 183                     366                     549
<INCOME-PRETAX>                                    184                     400                     607
<INCOME-TAX>                                        72                     156                     237
<INCOME-CONTINUING>                                109                     234                     354
<DISCONTINUED>                                    (74)                    (74)                   (229)
<EXTRAORDINARY>                                      0                       0                       0
<CHANGES>                                            0                       0                       0
<NET-INCOME>                                        35                     160                     125
<EPS-PRIMARY>                                      .21                     .95                     .74
<EPS-DILUTED>                                      .20                     .93                     .73