<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE UNAUDITED CONSOLIDATED BALANCE SHEET AS OF MARCH 31, 1996, AND THE RELATED CONSOLIDATED STATEMENT OF OPERATIONS FOR THE THREE MONTHS THEN ENDED, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-START> JAN-01-1996 <PERIOD-END> MAR-31-1996 <CASH> 18,428 <SECURITIES> 0 <RECEIVABLES> 20,667 <ALLOWANCES> 2,113 <INVENTORY> 0 <CURRENT-ASSETS> 43,293 <PP&E> 5,951 <DEPRECIATION> 1,972 <TOTAL-ASSETS> 101,562 <CURRENT-LIABILITIES> 18,792 <BONDS> 37,880 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 123 <OTHER-SE> 41,834 <TOTAL-LIABILITY-AND-EQUITY> 101,562 <SALES> 0 <TOTAL-REVENUES> 45,805 <CGS> 0 <TOTAL-COSTS> 40,725 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 557 <INCOME-PRETAX> 4,671 <INCOME-TAX> 1,868 <INCOME-CONTINUING> 2,803 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2,803 <EPS-PRIMARY> .22 <EPS-DILUTED> .22