<ARTICLE> 5
<LEGEND>
This schedule contains summary of financial information extracted
from SEC Form 10-Q and is qualified in its entirety by reference
to such financial statements.
</LEGEND>
<MULTIPLIER> 1000
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               MAR-31-1996
<CASH>                                           33365 
<SECURITIES>                                    366500
<RECEIVABLES>                                    35859
<ALLOWANCES>                                     15985
<INVENTORY>                                          0
<CURRENT-ASSETS>                               1403591
<PP&E>                                           27623
<DEPRECIATION>                                   12896
<TOTAL-ASSETS>                                 1403591
<CURRENT-LIABILITIES>                          1241918
<BONDS>                                              0
<COMMON>                                         29552
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                           0
<TOTAL-LIABILITY-AND-EQUITY>                   1403591
<SALES>                                          27093
<TOTAL-REVENUES>                                 29775
<CGS>                                            14479
<TOTAL-COSTS>                                    21311
<OTHER-EXPENSES>                                  8697
<LOSS-PROVISION>                                   975
<INTEREST-EXPENSE>                               12614
<INCOME-PRETAX>                                   7489
<INCOME-TAX>                                      1913
<INCOME-CONTINUING>                               5576
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                      5576
<EPS-PRIMARY>                                     2.06
<EPS-DILUTED>                                     2.06