<ARTICLE>                           5
<RESTATED>
<MULTIPLIER>                    1,000
       
                       
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>         DEC-31-1996
<PERIOD-END>              SEP-30-1996
<CASH>                          5,534
<SECURITIES>                   47,676
<RECEIVABLES>                  13,234
<ALLOWANCES>                        0
<INVENTORY>                         0
<CURRENT-ASSETS>                    0
<PP&E>                              0
<DEPRECIATION>                      0
<TOTAL-ASSETS>                 67,165
<CURRENT-LIABILITIES>               0
<BONDS>                             0
<PREFERRED-MANDATORY>               0
<PREFERRED>                         0
<COMMON>                          447
<OTHER-SE>                    (23,488)
<TOTAL-LIABILITY-AND-EQUITY>   67,165
<SALES>                             0
<TOTAL-REVENUES>                    0
<CGS>                               0
<TOTAL-COSTS>                       0
<OTHER-EXPENSES>                2,029
<LOSS-PROVISION>                    0
<INTEREST-EXPENSE>                  0
<INCOME-PRETAX>                 7,757<F1>
<INCOME-TAX>                   (7,272)<F2>
<INCOME-CONTINUING>            15,029
<DISCONTINUED>                     59
<EXTRAORDINARY>                     0
<CHANGES>                           0
<NET-INCOME>                   15,088
<EPS-PRIMARY>                    0.34
<EPS-DILUTED>                    0.33
<FN>
<F1> Income-pretax  includes other income of $8,000,  resulting from a reduction
in the litigation & contingency reserves. <F2> Income-tax includes a 1977 income
tax refund of $7,613,  which has been recognized as an income tax benefit in the
Statement of Operations.
</FN>