<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
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<PP&E>                                           7,361                   7,361
<DEPRECIATION>                                 (1,818)                 (1,818)
<TOTAL-ASSETS>                                 717,103                 717,103
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<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
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<LOSS-PROVISION>                                     0                       0
<INTEREST-EXPENSE>                                   0                       0
<INCOME-PRETAX>                                 17,075                  29,512
<INCOME-TAX>                                     7,126                  12,349
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<NET-INCOME>                                     9,839                  17,053
<EPS-PRIMARY>                                     0.34                    0.59
<EPS-DILUTED>                                     0.34                    0.59