<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM CONSOLIDATED
BALANCE SHEET AND CONSOLIDATED STATEMENT OF INCOME AND RETAINED EARNINGS
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          APR-30-1996
<PERIOD-START>                             MAY-01-1995
<PERIOD-END>                               JAN-31-1996
<CASH>                                          41,926
<SECURITIES>                                    98,620
<RECEIVABLES>                                    4,659
<ALLOWANCES>                                     (419)
<INVENTORY>                                          0
<CURRENT-ASSETS>                               147,129
<PP&E>                                          18,546
<DEPRECIATION>                                 (6,332)
<TOTAL-ASSETS>                                 312,730
<CURRENT-LIABILITIES>                           53,630
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                         1,000
<OTHER-SE>                                     206,778
<TOTAL-LIABILITY-AND-EQUITY>                   312,730
<SALES>                                         42,944
<TOTAL-REVENUES>                                64,528
<CGS>                                                0
<TOTAL-COSTS>                                   39,332
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                                 53,894
<INCOME-TAX>                                    21,128
<INCOME-CONTINUING>                             32,766
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    32,766
<EPS-PRIMARY>                                     3.28
<EPS-DILUTED>                                        0