<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS 6-MOS <FISCAL-YEAR-END> DEC-31-1998 DEC-31-1998 <PERIOD-START> APR-01-1998 JAN-01-1998 <PERIOD-END> JUN-30-1998 JUN-30-1998 <CASH> 14,055 14,055 <SECURITIES> 24,923 24,923 <RECEIVABLES> 600,784 600,784 <ALLOWANCES> 0 0 <INVENTORY> 0 0 <CURRENT-ASSETS> 639,762 639,762 <PP&E> 7,361 7,361 <DEPRECIATION> (1,818) (1,818) <TOTAL-ASSETS> 717,103 717,103 <CURRENT-LIABILITIES> 561,518 561,518 <BONDS> 0 0 <PREFERRED-MANDATORY> 0 0 <PREFERRED> 0 0 <COMMON> 29 29 <OTHER-SE> 155,446 155,446 <TOTAL-LIABILITY-AND-EQUITY> 717,103 717,103 <SALES> 31,609 53,764 <TOTAL-REVENUES> 31,609 53,764 <CGS> 0 0 <TOTAL-COSTS> 0 0 <OTHER-EXPENSES> 14,534 24,252 <LOSS-PROVISION> 0 0 <INTEREST-EXPENSE> 0 0 <INCOME-PRETAX> 17,075 29,512 <INCOME-TAX> 7,126 12,349 <INCOME-CONTINUING> 9,839 17,053 <DISCONTINUED> 0 0 <EXTRAORDINARY> 0 0 <CHANGES> 0 0 <NET-INCOME> 9,839 17,053 <EPS-PRIMARY> 0.34 0.59 <EPS-DILUTED> 0.34 0.59