<ARTICLE> 5 <LEGEND> THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE COMPANY'S CONSOLIDATED FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> MAY-31-1997 <PERIOD-END> AUG-31-1996 <CASH> 32,925 <SECURITIES> 0 <RECEIVABLES> 317,809 <ALLOWANCES> 6,418 <INVENTORY> 283,102 <CURRENT-ASSETS> 687,771 <PP&E> 682,602 <DEPRECIATION> 374,759 <TOTAL-ASSETS> 1,270,151 <CURRENT-LIABILITIES> 286,657 <BONDS> 202,283 <COMMON> 203,302 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 488,677 <TOTAL-LIABILITY-AND-EQUITY> 1,270,151 <SALES> 0 <TOTAL-REVENUES> 440,115 <CGS> 0 <TOTAL-COSTS> 248,843 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 3,736 <INCOME-PRETAX> 33,405 <INCOME-TAX> 10,690 <INCOME-CONTINUING> 22,715 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 22,715 <EPS-PRIMARY> 0.69 <EPS-DILUTED> 0.69