<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from the Form 10Q for the period ending March 31, 1995 and is qualified in its entirety by reference to such 10Q. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-START> JAN-01-1995 <PERIOD-END> MAR-31-1995 <CASH> 1,432 <SECURITIES> 71,106 <RECEIVABLES> 0<F1> <ALLOWANCES> 0<F1> <INVENTORY> 0 <CURRENT-ASSETS> 120,709 <PP&E> 0<F1> <DEPRECIATION> 0<F1> <TOTAL-ASSETS> 241,715 <CURRENT-LIABILITIES> 17,081 <BONDS> 0 <COMMON> 7,500 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 192,327 <TOTAL-LIABILITY-AND-EQUITY> 241,715 <SALES> 0 <TOTAL-REVENUES> 33,428 <CGS> 0 <TOTAL-COSTS> 34,317 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0<F1> <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 326 <INCOME-TAX> 198 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (567) <EPS-PRIMARY> (.09) <EPS-DILUTED> 0<F2> <FN> <F1>Disclosure not required on interim financial statements. <F2>Computation not applicable. </FN>