<ARTICLE> 5
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               DEC-31-1995
<CASH>                                          16,478
<SECURITIES>                                    60,141
<RECEIVABLES>                                   15,269
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                               101,963
<PP&E>                                           3,526
<DEPRECIATION>                                   1,788
<TOTAL-ASSETS>                                 116,166
<CURRENT-LIABILITIES>                           23,100
<BONDS>                                          9,735
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                         7,641
<OTHER-SE>                                      35,980
<TOTAL-LIABILITY-AND-EQUITY>                   116,166
<SALES>                                              0
<TOTAL-REVENUES>                                94,186
<CGS>                                                0
<TOTAL-COSTS>                                   89,281
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                 987
<INCOME-PRETAX>                                  3,918
<INCOME-TAX>                                     1,868
<INCOME-CONTINUING>                              2,050
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     2,139
<EPS-PRIMARY>                                      .28
<EPS-DILUTED>                                      .28