<ARTICLE> 5
<LEGEND> This schedule contains summary financial information extracted from
the Arthur J. Gallagher & Co. Consolidated Financial Statements included in the
1996 first quarter Form 10-Q and is qualified in its entirety by reference to
such financial statements.
</LEGEND>
<RESTATED>
<MULTIPLIER> 1,000
<PERIOD-TYPE> 3-MOS 3-MOS 12-MOS
<FISCAL-YEAR-END> DEC-31-1996 DEC-31-1995 DEC-31-1995
<PERIOD-START> JAN-01-1996 JAN-01-1995 JAN-01-1995
<PERIOD-END> MAR-31-1996 MAR-31-1995 DEC-31-1995
<CASH> 124,703 120,086 122,807
<SECURITIES> 48,365 44,318 46,123
<RECEIVABLES> 168,140 165,108 194,330
<ALLOWANCES> (621) (791) (709)
<INVENTORY> 0 0 0
<CURRENT-ASSETS> 363,182 348,647 383,875
<PP&E> 66,877 64,774 67,569
<DEPRECIATION> (43,604) (43,018) (44,850)
<TOTAL-ASSETS> 475,819 453,201 498,105
<CURRENT-LIABILITIES> 341,563 336,607 365,871
<BONDS> 0 0 0
<COMMON> 15,637 15,477 15,538
<PREFERRED-MANDATORY> 0 0 0
<PREFERRED> 0 0 0
<OTHER-SE> 107,384 88,421 102,895
<TOTAL-LIABILITY-AND-EQUITY> 475,819 453,201 498,105
<SALES> 96,379 93,836 399,006
<TOTAL-REVENUES> 100,717 96,690 415,142
<CGS> 55,375 54,201 220,809
<TOTAL-COSTS> 55,375 54,201 220,809
<OTHER-EXPENSES> 32,904 32,171 132,875
<LOSS-PROVISION> 0 0 0
<INTEREST-EXPENSE> 0 0 0
<INCOME-PRETAX> 12,438 10,318 61,458
<INCOME-TAX> 4,229 3,590 21,374
<INCOME-CONTINUING> 8,209 6,728 40,084
<DISCONTINUED> 0 0 0
<EXTRAORDINARY> 0 0 0
<CHANGES> 0 0 0
<NET-INCOME> 8,209 6,728 40,084
<EPS-PRIMARY> .48 .41 2.44
<EPS-DILUTED> .48 .41 2.44