<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-START> APR-01-1996 <PERIOD-END> JUN-30-1996 <CASH> 3,849 <SECURITIES> 13,633 <RECEIVABLES> 44,698 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 71,734 <PP&E> 17,605 <DEPRECIATION> 4,034 <TOTAL-ASSETS> 293,435 <CURRENT-LIABILITIES> 25,113 <BONDS> 0 <COMMON> 283 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 214,291 <TOTAL-LIABILITY-AND-EQUITY> 293,435 <SALES> 0 <TOTAL-REVENUES> 47,374 <CGS> 0 <TOTAL-COSTS> 40,077 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 950 <INCOME-PRETAX> 6,549 <INCOME-TAX> 2,489 <INCOME-CONTINUING> 4,060 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 4,060 <EPS-PRIMARY> .09 <EPS-DILUTED> .09