We present a measurement of sigma B(W -> e nu) and sigma B(Z^0 -> e^+e^-) in proton-antiproton collisions at sqrt s = 1.8 TeV using a significantly improved understanding of the integrated luminosity. The data represent an integrated luminosity of 19.7 pb^-1 from the 1992-1993 run with the Collider Detector at Fermilab. We find sigma B(W -> e nu) = 2.49 +/- 0.12 nb and sigma B(Z^0 -> e^+e^-) = 0.231 +/- 0.012 nb.