<ARTICLE> 5
<LEGEND>
                                                          Exhibit 27

            PEC ISRAEL ECONOMIC CORPORATION AND SUBSIDIARIES
            ------------------------------------------------
                         FINANCIAL DATA SCHEDULE
                         -----------------------


This schedule contains summary financial information extracted from the
consolidated balance sheet as of June 30, 1995 and the consolidated
statement of income for the six months ended June 30, 1995 and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               JUN-30-1995
<CASH>                                      22,813,183
<SECURITIES>                                         0
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                               0
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                             401,599,890
<CURRENT-LIABILITIES>                                0
<BONDS>                                              0
<COMMON>                                    31,952,180
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                 325,433,771
<TOTAL-LIABILITY-AND-EQUITY>               401,599,890
<SALES>                                              0
<TOTAL-REVENUES>                            17,845,399
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                             4,806,098
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                             13,039,301
<INCOME-TAX>                                 4,327,254
<INCOME-CONTINUING>                          8,712,047
<DISCONTINUED>                               (401,345)
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 8,310,702
<EPS-PRIMARY>                                     0.44
<EPS-DILUTED>                                     0.44