<ARTICLE> 5
<LEGEND>

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

This schedule contains summary financial information extracted from the 
consolidated balance sheet as of September 30, 1995 and the consolidated 
statement of income for the nine months ended September 30, 1995 and is 
qualified in its entirety by reference to such financial statements.
</LEGEND>
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               SEP-30-1995
<CASH>                                  $   31,217,138
<SECURITIES>                                         0
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                               0
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                             407,844,937
<CURRENT-LIABILITIES>                                0
<BONDS>                                              0
<COMMON>                                    31,952,180
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                 331,942,098
<TOTAL-LIABILITY-AND-EQUITY>               407,844,937
<SALES>                                              0
<TOTAL-REVENUES>                            29,835,228
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                             7,058,837
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                             22,776,391
<INCOME-TAX>                                 4,925,019
<INCOME-CONTINUING>                         17,851,372
<DISCONTINUED>                                (564,942)
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                17,286,430
<EPS-PRIMARY>                                     0.92
<EPS-DILUTED>                                     0.92