<ARTICLE> 7
<LEGEND>
This schedule contains summary financial information extracted from
the National Western Life Insurance Company and subsidiaries consolidated
financial statements and is qualified in its entirety by reference to such
financial statements.
</LEGEND>
<RESTATED> 
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               MAR-31-1996
<DEBT-HELD-FOR-SALE>                           542,864
<DEBT-CARRYING-VALUE>                        1,718,570
<DEBT-MARKET-VALUE>                          1,735,383
<EQUITIES>                                      25,559
<MORTGAGE>                                     190,780
<REAL-ESTATE>                                   18,194
<TOTAL-INVEST>                               2,665,531
<CASH>                                           8,649
<RECOVER-REINSURE>                               1,255
<DEFERRED-ACQUISITION>                         282,861
<TOTAL-ASSETS>                               3,006,434
<POLICY-LOSSES>                              2,605,207
<UNEARNED-PREMIUMS>                                  0
<POLICY-OTHER>                                  13,979
<POLICY-HOLDER-FUNDS>                            9,884
<NOTES-PAYABLE>                                      0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                         3,491
<OTHER-SE>                                     311,456
<TOTAL-LIABILITY-AND-EQUITY>                 3,006,434
<PREMIUMS>                                      23,090<F1>
<INVESTMENT-INCOME>                             50,655
<INVESTMENT-GAINS>                                 623
<OTHER-INCOME>                                   1,101
<BENEFITS>                                      47,029<F2>
<UNDERWRITING-AMORTIZATION>                      8,361
<UNDERWRITING-OTHER>                             6,554
<INCOME-PRETAX>                                 13,525
<INCOME-TAX>                                     4,781
<INCOME-CONTINUING>                              8,744
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     8,744
<EPS-PRIMARY>                                     2.50
<EPS-DILUTED>                                     2.49
<RESERVE-OPEN>                                       0
<PROVISION-CURRENT>                                  0
<PROVISION-PRIOR>                                    0
<PAYMENTS-CURRENT>                                   0
<PAYMENTS-PRIOR>                                     0
<RESERVE-CLOSE>                                      0
<CUMULATIVE-DEFICIENCY>                              0
<FN>
<F1>Consists of $4,274 revenues from traditional contracts subject to FAS 60
accounting treatment and $18,816 revenues from universal life and investment
annuity contracts subject to FAS 97 accounting treatment.
<F2>Consists of $8,678 benefits paid to policyholders, $(484) decrease in
reserves on traditional contracts and $38,835 interest on universal life and
investment annuity contracts.
</FN>