<ARTICLE> 5
<LEGEND> This schedule contains summary financial information extracted from the
Arthur J. Gallagher & Co. Consolidated Financial Statement included in the 1996
third quarter Form 10Q and is qualified in its entirety by reference to such
financial statements.
</LEGEND>
<RESTATED>   
<MULTIPLIER> 1,000
       
                                                                           
<PERIOD-TYPE>                   9-MOS                     9-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>                             SEP-30-1996               SEP-30-1995               DEC-31-1995  
<CASH>                                       163,400                   179,778                   154,237 
<SECURITIES>                                  51,715                    47,028                    46,123 
<RECEIVABLES>                                198,682                   205,408                   226,675 
<ALLOWANCES>                                   (896)                     (779)                     (729) 
<INVENTORY>                                        0                         0                         0 
<CURRENT-ASSETS>                             439,500                   451,245                   449,483 
<PP&E>                                        78,021                    72,868                    72,352 
<DEPRECIATION>                              (52,344)                  (47,656)                  (47,657) 
<TOTAL-ASSETS>                               561,484                   558,836                   565,831 
<CURRENT-LIABILITIES>                        424,698                   421,447                   426,312 
<BONDS>                                            0                         0                         0 
<COMMON>                                      16,227                    16,491                    16,365 
<PREFERRED-MANDATORY>                              0                         0                         0 
<PREFERRED>                                        0                         0                         0 
<OTHER-SE>                                   110,284                   108,268                   109,144 
<TOTAL-LIABILITY-AND-EQUITY>                 561,484                   558,836                   565,831 
<SALES>                                      319,269                   308,723                   417,782 
<TOTAL-REVENUES>                             337,135                   322,461                   439,530 
<CGS>                                        177,700                   171,191                   231,716 
<TOTAL-COSTS>                                177,700                   171,191                   231,716 
<OTHER-EXPENSES>                             107,029                   102,704                   139,432 
<LOSS-PROVISION>                                   0                         0                         0 
<INTEREST-EXPENSE>                                 0                         0                         0 
<INCOME-PRETAX>                               52,406                    48,566                    68,382 
<INCOME-TAX>                                  17,872                    18,775                    25,837 
<INCOME-CONTINUING>                           34,534                    29,791                    42,545 
<DISCONTINUED>                                     0                         0                         0 
<EXTRAORDINARY>                                    0                         0                         0 
<CHANGES>                                          0                         0                         0 
<NET-INCOME>                                  34,534                    29,791                    42,545 
<EPS-PRIMARY>                                   1.98                      1.73                      2.47 
<EPS-DILUTED>                                   1.98                      1.73                      2.47