<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE MARCH
1999 10-Q AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH INFORMATION.
</LEGEND>
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-END>                               MAR-31-1999
<CASH>                                          81,476
<SECURITIES>                                 1,189,078
<RECEIVABLES>                                  248,771
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                             3,296,096
<PP&E>                                         184,915
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                               4,445,989
<CURRENT-LIABILITIES>                        3,165,675
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                           834
<OTHER-SE>                                     945,626
<TOTAL-LIABILITY-AND-EQUITY>                 4,445,989
<SALES>                                              0
<TOTAL-REVENUES>                               337,129
<CGS>                                                0
<TOTAL-COSTS>                                  268,907
<OTHER-EXPENSES>                                 7,599
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               3,985
<INCOME-PRETAX>                                 56,638
<INCOME-TAX>                                    23,222
<INCOME-CONTINUING>                             33,416
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    33,146
<EPS-PRIMARY>                                     0.41
<EPS-DILUTED>                                     0.39