<ARTICLE> 5
<LEGEND>
                                                                EXHIBIT 27.1
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE 
FINANCIAL STATEMENTS OF FIRST FINANCIAL MANAGEMENT CORPORATION FOR THE NINE 
MONTHS ENDED SEPTEMBER 31, 1994, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
       
                                                  
<PERIOD-TYPE>                    9-MOS
<FISCAL-YEAR-END>                                    DEC-31-1994 
<PERIOD-START>                                       JAN-01-1994 
<PERIOD-END>                                         SEP-30-1994 
<CASH>                                                   181,593            
<SECURITIES>                                                   0               
<RECEIVABLES>                                            406,585         
<ALLOWANCES>                                               5,122           
<INVENTORY>                                                    0               
<CURRENT-ASSETS>                                         686,668         
<PP&E>                                                   141,380 <F1>     
<DEPRECIATION>                                                 0               
<TOTAL-ASSETS>                                         1,793,325       
<CURRENT-LIABILITIES>                                    345,204         
<BONDS>                                                    7,487           
<COMMON>                                                   6,251           
<PREFERRED-MANDATORY>                                          0               
<PREFERRED>                                                    0               
<OTHER-SE>                                             1,363,494       
<TOTAL-LIABILITY-AND-EQUITY>                           1,793,325       
<SALES>                                                   53,695          
<TOTAL-REVENUES>                                       1,502,966       
<CGS>                                                     33,482          
<TOTAL-COSTS>                                          1,208,143       
<OTHER-EXPENSES>                                          69,194          
<LOSS-PROVISION>                                               0               
<INTEREST-EXPENSE>                                        (4,616) <F2>    
<INCOME-PRETAX>                                          176,248         
<INCOME-TAX>                                              71,990          
<INCOME-CONTINUING>                                            0               
<DISCONTINUED>                                                 0               
<EXTRAORDINARY>                                                0               
<CHANGES>                                                      0               
<NET-INCOME>                                             104,258         
<EPS-PRIMARY>                                               1.67            
<EPS-DILUTED>                                               1.67
<FN>

<F1>PP&E amount shown above is net of accumulated depreciation per FFMC's interim balance  sheet.  Both gross PP&E and
accumulated depreciation amounts will be reported in FFMC's year-end financials.

<F2>Amount represents net interest income, after deducting interest expense, consistent with FFMC's income statement presentation.
</FN>