<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS 9-MOS <FISCAL-YEAR-END> DEC-31-1998 DEC-31-1998 <PERIOD-START> JUL-01-1998 JAN-01-1998 <PERIOD-END> SEP-30-1998 SEP-30-1998 <CASH> 28,916 28,916 <SECURITIES> 37,990 37,990 <RECEIVABLES> 697,717 697,717 <ALLOWANCES> 0 0 <INVENTORY> 0 0 <CURRENT-ASSETS> 764,623 764,623 <PP&E> 8,469 8,469 <DEPRECIATION> (2,308) (2,308) <TOTAL-ASSETS> 851,162 851,162 <CURRENT-LIABILITIES> 666,764 666,764 <BONDS> 0 0 <PREFERRED-MANDATORY> 0 0 <PREFERRED> 0 0 <COMMON> 29 29 <OTHER-SE> 156,766 156,766 <TOTAL-LIABILITY-AND-EQUITY> 851,162 851,162 <SALES> 4,740 43,978 <TOTAL-REVENUES> 15,513 69,277 <CGS> 0 0 <TOTAL-COSTS> 0 0 <OTHER-EXPENSES> 13,292 37,544 <LOSS-PROVISION> 0 0 <INTEREST-EXPENSE> 0 0 <INCOME-PRETAX> 2,276 31,678 <INCOME-TAX> 956 13,305 <INCOME-CONTINUING> 1,320 18,373 <DISCONTINUED> 0 0 <EXTRAORDINARY> 0 0 <CHANGES> 0 0 <NET-INCOME> 1,320 18,373 <EPS-PRIMARY> 0.05 0.64 <EPS-DILUTED> 0.05 0.64