<ARTICLE> 5
<LEGEND> This schedule contains summary financial information extracted from 
the Arthur J. Gallagher & Co. Consolidated Financial Statements included in the 
1995 third quarter Form 10-Q and is qualified in its entirety by reference to 
such financial statements. 
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                           DEC-31-1995
<PERIOD-START>                              JAN-01-1995
<PERIOD-END>                                SEP-30-1995
<CASH>                                          150,356
<SECURITIES>                                     47,028
<RECEIVABLES>                                   174,212
<ALLOWANCES>                                        765
<INVENTORY>                                           0
<CURRENT-ASSETS>                                389,293
<PP&E>                                           67,485
<DEPRECIATION>                                 (44,387)
<TOTAL-ASSETS>                                  494,217
<CURRENT-LIABILITIES>                           365,529
<BONDS>                                               0
<COMMON>                                         15,552
<PREFERRED-MANDATORY>                                 0
<PREFERRED>                                           0
<OTHER-SE>                                      100,562
<TOTAL-LIABILITY-AND-EQUITY>                    494,217
<SALES>                                         291,511
<TOTAL-REVENUES>                                301,139
<CGS>                                           161,949
<TOTAL-COSTS>                                   258,150
<OTHER-EXPENSES>                                 96,201
<LOSS-PROVISION>                                      0
<INTEREST-EXPENSE>                                  378
<INCOME-PRETAX>                                  42,989
<INCOME-TAX>                                     15,046
<INCOME-CONTINUING>                              27,943
<DISCONTINUED>                                        0
<EXTRAORDINARY>                                       0
<CHANGES>                                             0
<NET-INCOME>                                     27,943
<EPS-PRIMARY>                                      1.72   
<EPS-DILUTED>                                      1.72