<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from the March 1997 10-Q and is qualified in its entirety by reference to such information. </LEGEND> <MULTIPLIER> 1000 <PERIOD-TYPE> 3-mos <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> MAR-31-1997 <CASH> 41,762 <SECURITIES> 1,135,577 <RECEIVABLES> 180,236 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,415,085 <PP&E> 146,843 <DEPRECIATION> 0 <TOTAL-ASSETS> 2,110,559 <CURRENT-LIABILITIES> 1,302,645 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 454 <OTHER-SE> 526,610 <TOTAL-LIABILITY-AND-EQUITY> 2,110,559 <SALES> 0 <TOTAL-REVENUES> 206,450 <CGS> 0 <TOTAL-COSTS> 169,192 <OTHER-EXPENSES> 3,022 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 3,487 <INCOME-PRETAX> 30,749 <INCOME-TAX> 12,607 <INCOME-CONTINUING> 18,142 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 18,142 <EPS-PRIMARY> 0.39 <EPS-DILUTED> 0.39