<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> MAY-31-1996 <PERIOD-END> AUG-31-1995 <CASH> 7,526,000 <SECURITIES> 53,670,000 <RECEIVABLES> 72,589,000 <ALLOWANCES> 2,564,000 <INVENTORY> 127,116,000 <CURRENT-ASSETS> 260,479,000 <PP&E> 340,006,000 <DEPRECIATION> 105,436,000 <TOTAL-ASSETS> 619,638,000 <CURRENT-LIABILITIES> 100,953,000 <BONDS> 0 <COMMON> 42,249,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 338,009,000 <TOTAL-LIABILITY-AND-EQUITY> 619,638,000 <SALES> 16,075,000 <TOTAL-REVENUES> 170,343,000 <CGS> 13,811,000 <TOTAL-COSTS> 101,087,000 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 2,510,000 <INCOME-PRETAX> 26,449,000 <INCOME-TAX> 10,161,000 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 16,288,000 <EPS-PRIMARY> 0.35 <EPS-DILUTED> 0