<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED BALANCE SHEET AND THE CONSOLIDATED STATEMENT OF OPERATIONS INCLUDED
IN THE COMPANY'S FORM 10-K FOR THE YEAR ENDED MARCH 31,1999, AND IS QUALIFIED IN
ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000

                             
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          MAR-31-1999
<PERIOD-END>                               MAR-31-1999
<CASH>                                         184,334
<SECURITIES>                                    29,711
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                               226,944
<PP&E>                                          13,297
<DEPRECIATION>                                  10,578
<TOTAL-ASSETS>                                 253,164
<CURRENT-LIABILITIES>                           37,003
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                         1,005
<OTHER-SE>                                     182,966
<TOTAL-LIABILITY-AND-EQUITY>                   253,164
<SALES>                                              0
<TOTAL-REVENUES>                               166,456
<CGS>                                                0
<TOTAL-COSTS>                                   69,241
<OTHER-EXPENSES>                                 1,851
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                                104,104
<INCOME-TAX>                                    30,189
<INCOME-CONTINUING>                             73,915
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    73,915
<EPS-BASIC>                                        .76
<EPS-DILUTED>                                      .66