<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> MAR-31-1998 <CASH> 4,184,000 <SECURITIES> 4,765,000 <RECEIVABLES> 25,165,000 <ALLOWANCES> 1,561,000 <INVENTORY> 0 <CURRENT-ASSETS> 34,949,000 <PP&E> 3,226,000 <DEPRECIATION> 0 <TOTAL-ASSETS> 100,103,000 <CURRENT-LIABILITIES> 22,220,000 <BONDS> 31,900,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 72,000 <OTHER-SE> 43,706,000 <TOTAL-LIABILITY-AND-EQUITY> 100,103,000 <SALES> 43,564,000 <TOTAL-REVENUES> 43,564,000 <CGS> 29,520,000 <TOTAL-COSTS> 38,223,000 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 639,000 <INCOME-PRETAX> 4,744,000 <INCOME-TAX> 1,951,000 <INCOME-CONTINUING> 2,793,000 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2,793,000 <EPS-PRIMARY> .47 <EPS-DILUTED> .40