<ARTICLE> 5
<LEGEND>
This Schedule contains summary financial information extracted from 
Registrant's Form 10-Q for the Quarterly Period Ended September 30, 1994
and is qualified in its entirety by reference to such financial statements.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1994
<PERIOD-END>                               SEP-30-1994
<CASH>                                          42,161
<SECURITIES>                                   131,659
<RECEIVABLES>                                   96,440
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                45,221
<PP&E>                                          41,496
<DEPRECIATION>                                  11,065
<TOTAL-ASSETS>                                 345,912
<CURRENT-LIABILITIES>                           44,559
<BONDS>                                        128,713
<COMMON>                                        23,779
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                      6,701
<OTHER-SE>                                     142,160
<TOTAL-LIABILITY-AND-EQUITY>                   345,912
<SALES>                                         31,820
<TOTAL-REVENUES>                                61,729
<CGS>                                                0
<TOTAL-COSTS>                                   24,646
<OTHER-EXPENSES>                                11,295
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              13,084
<INCOME-PRETAX>                                 12,704
<INCOME-TAX>                                     5,665
<INCOME-CONTINUING>                              7,039
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     7,039
<EPS-PRIMARY>                                    $0.26
<EPS-DILUTED>                                    $0.26