<TABLE> <S> <C>
<PAGE>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED BALANCE SHEET AND RELATED CONSOLIDATED STATEMENT OF INCOME
OF J. C. PENNEY FUNDING CORPORATION AS OF JULY 29, 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> JAN-27-2001
<PERIOD-END> JUL-29-2000
<CASH> 0
<SECURITIES> 0
<RECEIVABLES> 1,362
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 1,362
<PP&E> 0
<DEPRECIATION> 0
<TOTAL-ASSETS> 1,362
<CURRENT-LIABILITIES> 103
<BONDS> 0
0
0
<COMMON> 145
<OTHER-SE> 1,089
<TOTAL-LIABILITY-AND-EQUITY> 1,362
<SALES> 0
<TOTAL-REVENUES> 0
<CGS> 0
<TOTAL-COSTS> 0
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> (2)
<INCOME-PRETAX> 2
<INCOME-TAX> 1
<INCOME-CONTINUING> 1
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 1
<EPS-BASIC> 0
<EPS-DILUTED> 0
</TABLE>