<ARTICLE> 5
<LEGEND> This schedule contains summary financial information extracted from 
the March 31, 1996 consolidated balance sheet and the consolidated statement of 
income for the three-month period ended March 31, 1996 and is qualified in its 
entirety by reference to such financial statements and the footnotes thereto. 
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               MAR-31-1996
<CASH>                                         106,732
<SECURITIES>                                    24,636
<RECEIVABLES>                                1,934,558
<ALLOWANCES>                                    67,706
<INVENTORY>                                          0
<CURRENT-ASSETS>                             2,947,831      
<PP&E>                                      13,995,153     
<DEPRECIATION>                               4,137,686   
<TOTAL-ASSETS>                              18,945,387     
<CURRENT-LIABILITIES>                        3,421,794   
<BONDS>                                      6,385,833 
<COMMON>                                       506,058
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                   4,756,945      
<TOTAL-LIABILITY-AND-EQUITY>                18,945,387        
<SALES>                                              0         
<TOTAL-REVENUES>                             2,417,191         
<CGS>                                                0         
<TOTAL-COSTS>                                1,711,487         
<OTHER-EXPENSES>                                     0      
<LOSS-PROVISION>                                 8,147     
<INTEREST-EXPENSE>                              99,315      
<INCOME-PRETAX>                                315,629      
<INCOME-TAX>                                   130,451     
<INCOME-CONTINUING>                            185,178     
<DISCONTINUED>                                       0 
<EXTRAORDINARY>                                      0     
<CHANGES>                                            0 
<NET-INCOME>                                   185,178
<EPS-PRIMARY>                                     0.38
<EPS-DILUTED>                                     0.00