<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from the
Form 10-Q for the period ending June 30, 1997 and is qualified in its
entirety by reference to such 10-Q.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               JUN-30-1997
<CASH>                                           4,021
<SECURITIES>                                    23,510
<RECEIVABLES>                                        0<F1>
<ALLOWANCES>                                         0<F1>
<INVENTORY>                                          0
<CURRENT-ASSETS>                                46,527
<PP&E>                                               0<F1>
<DEPRECIATION>                                       0<F1>
<TOTAL-ASSETS>                                 131,905
<CURRENT-LIABILITIES>                            7,853
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                         7,500
<OTHER-SE>                                     105,175
<TOTAL-LIABILITY-AND-EQUITY>                   131,905
<SALES>                                              0
<TOTAL-REVENUES>                                38,048
<CGS>                                                0
<TOTAL-COSTS>                                   39,379
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0<F1>
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                                  3,064
<INCOME-TAX>                                     9,573
<INCOME-CONTINUING>                            (7,107)
<DISCONTINUED>                                 (2,342)
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   (9,449)
<EPS-PRIMARY>                                   (1.46)
<EPS-DILUTED>                                        0<F2>
<FN>
<F1>Disclosure not required on interim financial statements
<F2>Computation not applicable
</FN>