<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> JUN-30-1996 <CASH> 341,200 <SECURITIES> 38,066,000 <RECEIVABLES> 14,114,100 <ALLOWANCES> 291,800 <INVENTORY> 244,100 <CURRENT-ASSETS> 0 <PP&E> 3,004,000 <DEPRECIATION> 978,400 <TOTAL-ASSETS> 66,126,800 <CURRENT-LIABILITIES> 0 <BONDS> 4,076,100 <COMMON> 117,800 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 7,874,800 <TOTAL-LIABILITY-AND-EQUITY> 66,126,800 <SALES> 1,109,200 <TOTAL-REVENUES> 10,089,100 <CGS> 481,900 <TOTAL-COSTS> 7,611,300 <OTHER-EXPENSES> 1,012,300 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 160,600 <INCOME-PRETAX> 1,304,900 <INCOME-TAX> 445,100 <INCOME-CONTINUING> 747,500 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 747,500 <EPS-PRIMARY> 6.38 <EPS-DILUTED> 0