<ARTICLE> 5
<LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM 
         THE ARTHUR J. GALLAGHER & CO. CONSOLIDATED FINANCIAL STATEMENTS 
         INCLUDED IN THE 1995 FORM 10-K ANNUAL REPORT AND IS QUALIFIED IN ITS
         ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<RESTATED>
<MULTIPLIER> 1,000
       
                                                                       
<PERIOD-TYPE>                   YEAR                   YEAR                   
<FISCAL-YEAR-END>                          DEC-31-1995             DEC-31-1994
<PERIOD-START>                             JAN-01-1995             JAN-01-1994
<PERIOD-END>                               DEC-31-1995             DEC-31-1994
<CASH>                                         121,264                 114,394
<SECURITIES>                                    46,123                  42,637
<RECEIVABLES>                                  193,733                 183,207
<ALLOWANCES>                                       709                     846
<INVENTORY>                                          0                       0
<CURRENT-ASSETS>                               381,654                 360,855
<PP&E>                                          66,958                  60,776
<DEPRECIATION>                                (44,325)                (40,155)
<TOTAL-ASSETS>                                 495,794                 462,069
<CURRENT-LIABILITIES>                          363,851                 352,708
<BONDS>                                              0                       0
<COMMON>                                        15,426                  15,132
<PREFERRED-MANDATORY>                                0                       0
<PREFERRED>                                          0                       0
<OTHER-SE>                                     102,716                  81,113
<TOTAL-LIABILITY-AND-EQUITY>                   495,794                 462,069
<SALES>                                        395,929                 357,972
<TOTAL-REVENUES>                               411,998                 367,664
<CGS>                                          218,740                 196,816
<TOTAL-COSTS>                                  218,740                 196,816
<OTHER-EXPENSES>                               130,393                 117,835
<LOSS-PROVISION>                                     0                       0
<INTEREST-EXPENSE>                                   0                       0
<INCOME-PRETAX>                                 62,865                  53,013
<INCOME-TAX>                                    21,374                  18,608
<INCOME-CONTINUING>                             41,491                  34,405
<DISCONTINUED>                                       0                       0
<EXTRAORDINARY>                                      0                       0
<CHANGES>                                            0                       0
<NET-INCOME>                                    41,491                  34,405
<EPS-PRIMARY>                                     2.54                    2.12
<EPS-DILUTED>                                     2.54                    2.12