<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from SEC Form
10-Q and is qualified in its entirety by reference to such financial statements.
</LEGEND>
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               JUN-30-1996
<CASH>                                          40,156
<SECURITIES>                                   375,759
<RECEIVABLES>                                   34,678
<ALLOWANCES>                                  (16,708)
<INVENTORY>                                          0
<CURRENT-ASSETS>                             1,392,137
<PP&E>                                          28,026
<DEPRECIATION>                                (13,219)
<TOTAL-ASSETS>                               1,424,914
<CURRENT-LIABILITIES>                        1,261,940
<BONDS>                                              0
<COMMON>                                        29,552
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                     133,422
<TOTAL-LIABILITY-AND-EQUITY>                 1,424,914
<SALES>                                         54,605
<TOTAL-REVENUES>                                59,968
<CGS>                                           29,331
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                                17,120
<LOSS-PROVISION>                                 2,425
<INTEREST-EXPENSE>                              25,274
<INCOME-PRETAX>                                 15,149
<INCOME-TAX>                                     3,821
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    11,328
<EPS-PRIMARY>                                     1.02
<EPS-DILUTED>                                     1.02