<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from the July 31, 1997 consolidated financial statements and is qualified in its entirety by reference to such financial statements. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> JUL-31-1997 <PERIOD-END> JUL-31-1997 <CASH> 41,636 <SECURITIES> 0 <RECEIVABLES> 512,089 <ALLOWANCES> 57,819 <INVENTORY> 511,702 <CURRENT-ASSETS> 1,046,879 <PP&E> 177,453 <DEPRECIATION> 39,442 <TOTAL-ASSETS> 1,281,206 <CURRENT-LIABILITIES> 169,749 <BONDS> 451,459 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 350 <OTHER-SE> 541,224 <TOTAL-LIABILITY-AND-EQUITY> 1,281,206 <SALES> 1,253,818 <TOTAL-REVENUES> 1,253,818 <CGS> 643,318 <TOTAL-COSTS> 643,318 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 55,850 <INTEREST-EXPENSE> 36,098 <INCOME-PRETAX> 79,858 <INCOME-TAX> 29,305 <INCOME-CONTINUING> 50,553 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 50,553 <EPS-PRIMARY> 1.38 <EPS-DILUTED> 1.37