<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE MARCH 1998 10-Q AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH INFORMATION. </LEGEND> <MULTIPLIER> 1000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> MAR-31-1998 <CASH> 83,132 <SECURITIES> 1,031,989 <RECEIVABLES> 218,766 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 2,647,069 <PP&E> 153,011 <DEPRECIATION> 0 <TOTAL-ASSETS> 3,520,866 <CURRENT-LIABILITIES> 2,423,491 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 546 <OTHER-SE> 761,513 <TOTAL-LIABILITY-AND-EQUITY> 3,520,866 <SALES> 0 <TOTAL-REVENUES> 273,829 <CGS> 0 <TOTAL-COSTS> 222,150 <OTHER-EXPENSES> 2,295 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 3,367 <INCOME-PRETAX> 46,017 <INCOME-TAX> 18,867 <INCOME-CONTINUING> 27,150 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 27,150 <EPS-PRIMARY> 0.51 <EPS-DILUTED> 0.49