<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> MAR-29-1996 <CASH> 24,859 <SECURITIES> 8,417 <RECEIVABLES> 10,472 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 5,684 <DEPRECIATION> 0 <TOTAL-ASSETS> 62,905 <CURRENT-LIABILITIES> 13,378 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 187 <OTHER-SE> 49,340 <TOTAL-LIABILITY-AND-EQUITY> 62,905 <SALES> 26,667 <TOTAL-REVENUES> 26,667 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 17,033 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 9,634 <INCOME-TAX> 4,238 <INCOME-CONTINUING> 5,396 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 5,396 <EPS-PRIMARY> 0.29 <EPS-DILUTED> 0