<ARTICLE>         7
<LEGEND>          THE SCHEDULE CONTAINS SUMMARY FINANCIAL
                  INFORMATION EXTRACTED FROM FORM 10-Q FOR AMERICAN
                  LIFE HOLDING COMPANY  DATED JUNE 30, 1997 AND
                  IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO
                  SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER>      1,000
       
                                                    
<PERIOD-TYPE>                                          6-MOS
<FISCAL-YEAR-END>                                                  DEC-31-1997
<PERIOD-END>                                                       JUN-30-1997
<DEBT-HELD-FOR-SALE>                                                 5,010,600
<DEBT-CARRYING-VALUE>                                                        0
<DEBT-MARKET-VALUE>                                                          0
<EQUITIES>                                                               6,900
<MORTGAGE>                                                             139,600 <F1>
<REAL-ESTATE>                                                                0
<TOTAL-INVEST>                                                       5,427,600
<CASH>                                                                       0 <F2>
<RECOVER-REINSURE>                                                           0
<DEFERRED-ACQUISITION>                                                 414,400 <F3>
<TOTAL-ASSETS>                                                       6,407,800
<POLICY-LOSSES>                                                      5,372,100
<UNEARNED-PREMIUMS>                                                          0
<POLICY-OTHER>                                                               0 
<POLICY-HOLDER-FUNDS>                                                   44,400
<NOTES-PAYABLE>                                                        157,600 
<PREFERRED-MANDATORY>                                                  102,800
<PREFERRED>                                                                  0
<COMMON>                                                               428,300
<OTHER-SE>                                                              90,000 <F4>
<TOTAL-LIABILITY-AND-EQUITY>                                         6,407,800
<PREMIUMS>                                                              25,100
<INVESTMENT-INCOME>                                                    225,500
<INVESTMENT-GAINS>                                                      15,500 
<OTHER-INCOME>                                                           1,600
<BENEFITS>                                                             151,400 <F5>
<UNDERWRITING-AMORTIZATION>                                             31,500 <F6>
<UNDERWRITING-OTHER>                                                    13,700
<INCOME-PRETAX>                                                         55,000
<INCOME-TAX>                                                            21,500
<INCOME-CONTINUING>                                                     33,500
<DISCONTINUED>                                                               0
<EXTRAORDINARY>                                                              0 
<CHANGES>                                                                    0
<NET-INCOME>                                                            33,500
<EPS-PRIMARY>                                                                0
<EPS-DILUTED>                                                                0
<RESERVE-OPEN>                                                               0
<PROVISION-CURRENT>                                                          0
<PROVISION-PRIOR>                                                            0
<PAYMENTS-CURRENT>                                                           0
<PAYMENTS-PRIOR>                                                             0
<RESERVE-CLOSE>                                                              0
<CUMULATIVE-DEFICIENCY>                                                      0




<FN>
  <F1>  Includes $85,800 of credit-tenant loans.
  <F2>  Cash and cash  equivalents are  classified  as  short-term  investments, 
        which are included in total investments.
  <F3>  Includes $306,500 of cost of policies purchased.
  <F4>  Includes retained earnings of $64,600 and net unrealized appreciation of
        securities of $25,400.
  <F5>  Includes  insurance  policy  benefits  of  $15,900,  change  in   future
        policy benefits  of  $(1,900) and amounts added to annuity and financial
        product policyholder account balances of $137,400.
  <F6>  Includes amortization of cost  of  policies purchased  of  $14,100, cost
        of policies produced of $2,600 and  amortization   related  to  realized
        gains of $14,800.
</FN>