<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-END> MAR-31-1996 <CASH> 81,432 <SECURITIES> 0 <RECEIVABLES> 139,789 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 279,473 <PP&E> 72,380 <DEPRECIATION> 0 <TOTAL-ASSETS> 1,139,148 <CURRENT-LIABILITIES> 155,933 <BONDS> 554,373 <COMMON> 1,027 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 587,173 <TOTAL-LIABILITY-AND-EQUITY> 1,398,148 <SALES> 0 <TOTAL-REVENUES> 124,545 <CGS> 0 <TOTAL-COSTS> 78,930 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 5,995 <INCOME-PRETAX> 39,620 <INCOME-TAX> 16,006 <INCOME-CONTINUING> 23,614 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 22,818 <EPS-PRIMARY> $.20 <EPS-DILUTED> $.20