<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE CONSOLIDATED BALANCE SHEETS AND CONSOLIDATED STATEMENTS OF INCOME AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> DEC-31-1996 <CASH> 3,617,000 <SECURITIES> 400,462,000 <RECEIVABLES> 112,055,000 <ALLOWANCES> 1,301,000 <INVENTORY> 13,329,000 <CURRENT-ASSETS> 0 <PP&E> 124,672,000 <DEPRECIATION> 42,997,000 <TOTAL-ASSETS> 659,539,000 <CURRENT-LIABILITIES> 0 <BONDS> 62,470,000 <COMMON> 911,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 158,777,000 <TOTAL-LIABILITY-AND-EQUITY> 659,539,000 <SALES> 32,754,000 <TOTAL-REVENUES> 370,492,000 <CGS> 27,179,000 <TOTAL-COSTS> 362,348,000 <OTHER-EXPENSES> 3,115,000 <LOSS-PROVISION> (75,000) <INTEREST-EXPENSE> 5,873,000 <INCOME-PRETAX> (769,000) <INCOME-TAX> (1,837,000) <INCOME-CONTINUING> 1,068,000 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,068,000 <EPS-PRIMARY> .35 <EPS-DILUTED> .35