<ARTICLE> 5
<MULTIPLIER> 1000
       

                                           
<PERIOD-TYPE>               3-MOS                
<FISCAL-YEAR-END>               DEC-31-1995     
<PERIOD-END>                    MAR-31-1996     
<CASH>                                11516     
<SECURITIES>                          26566     
<RECEIVABLES>                         62554     
<ALLOWANCES>                              0     
<INVENTORY>                           67049     
<CURRENT-ASSETS>                          0<F1>    
<PP&E>                                24872     
<DEPRECIATION>                            0     
<TOTAL-ASSETS>                      1045998     
<CURRENT-LIABILITIES>                     0<F1> 
<BONDS>                              150000     
<PREFERRED-MANDATORY>                     0     
<PREFERRED>                            6500     
<COMMON>                              31158     
<OTHER-SE>                           355530     
<TOTAL-LIABILITY-AND-EQUITY>        1045998     
<SALES>                                   0     
<TOTAL-REVENUES>                      94263     
<CGS>                                     0     
<TOTAL-COSTS>                             0     
<OTHER-EXPENSES>                          0     
<LOSS-PROVISION>                          0     
<INTEREST-EXPENSE>                     9408     
<INCOME-PRETAX>                       25713     
<INCOME-TAX>                          10554     
<INCOME-CONTINUING>                   15159     
<DISCONTINUED>                            0     
<EXTRAORDINARY>                           0     
<CHANGES>                                 0     
<NET-INCOME>                          15159     
<EPS-PRIMARY>                          5.92     
<EPS-DILUTED>                          5.92     
<FN>
<F1> Industry does not use a classified balance sheet.
</FN>