<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-START> JAN-01-1995 <PERIOD-END> MAR-31-1995 <CASH> 88,732 <SECURITIES> 38,141 <RECEIVABLES> 109,350 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 236,223 <PP&E> 45,194 <DEPRECIATION> 0 <TOTAL-ASSETS> 539,985 <CURRENT-LIABILITIES> 152,277 <BONDS> 3,917 <COMMON> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 383,791 <TOTAL-LIABILITY-AND-EQUITY> 539,985 <SALES> 145,379 <TOTAL-REVENUES> 145,379 <CGS> 0 <TOTAL-COSTS> 106,416 <OTHER-EXPENSES> 2,187 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 408 <INCOME-PRETAX> 36,368 <INCOME-TAX> 2,183 <INCOME-CONTINUING> 34,185 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 34,185 <EPS-PRIMARY> .42 <EPS-DILUTED> .42