<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 OCTOBER 28, 2000, AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000,000
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> JAN-27-2001
<PERIOD-END> OCT-28-2000
<CASH> 0
<SECURITIES> 0
<RECEIVABLES> 1,632
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 1,632
<PP&E> 0
<DEPRECIATION> 0
<TOTAL-ASSETS> 1,632
<CURRENT-LIABILITIES> 357
<BONDS> 0
0
0
<COMMON> 145
<OTHER-SE> 1,099
<TOTAL-LIABILITY-AND-EQUITY> 1,632
<SALES> 0
<TOTAL-REVENUES> 0
<CGS> 0
<TOTAL-COSTS> 0
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> (17)
<INCOME-PRETAX> 17
<INCOME-TAX> 6
<INCOME-CONTINUING> 11
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 11
<EPS-BASIC> 0
<EPS-DILUTED> 0
</TABLE>