<ARTICLE> 5
<LEGEND> This schedule contains summary financial information extracted from the
Arthur J. Gallagher & Co. Consolidated Financial Statements included in the 1995
second quarter Form 10-Q and is qualified in its entirety by reference to such
financial statements.
</LEGEND>
<MULTIPLIER>  1,000
       
                             
<PERIOD-TYPE>                   6-mos
<FISCAL-YEAR-END>                          Dec-31-1995
<PERIOD-START>                             Jan-01-1995
<PERIOD-END>                               Jun-30-1995
<CASH>                                         124,846
<SECURITIES>                                    45,396
<RECEIVABLES>                                  193,284
<ALLOWANCES>                                       768
<INVENTORY>                                          0
<CURRENT-ASSETS>                               382,638
<PP&E>                                          65,417
<DEPRECIATION>                                 (43,606)
<TOTAL-ASSETS>                                 487,073
<CURRENT-LIABILITIES>                          370,965
<BONDS>                                              0
<COMMON>                                        15,083
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                      88,847
<TOTAL-LIABILITY-AND-EQUITY>                   487,073
<SALES>                                        176,639
<TOTAL-REVENUES>                               182,759
<CGS>                                          102,614
<TOTAL-COSTS>                                  164,246
<OTHER-EXPENSES>                                61,632
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                 270
<INCOME-PRETAX>                                 18,513
<INCOME-TAX>                                     6,480
<INCOME-CONTINUING>                             12,033
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    12,033
<EPS-PRIMARY>                                     0.76
<EPS-DILUTED>                                     0.76