<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEET AT MARCH 31, 1996 AND THE
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF INCOME FOR THE THREE MONTHS ENDED
MARCH 31, 1996 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               MAR-31-1996
<EXCHANGE-RATE>                                      1
<CASH>                                           7,085
<SECURITIES>                                    26,552
<RECEIVABLES>                                   15,484<F1>
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                50,791
<PP&E>                                           5,242<F1>
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                                  77,371
<CURRENT-LIABILITIES>                           11,074
<BONDS>                                            735
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                           131
<OTHER-SE>                                      65,431
<TOTAL-LIABILITY-AND-EQUITY>                    77,371
<SALES>                                              0
<TOTAL-REVENUES>                                16,127
<CGS>                                                0
<TOTAL-COSTS>                                   12,242
<OTHER-EXPENSES>                                  (499)
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                  35
<INCOME-PRETAX>                                  4,349
<INCOME-TAX>                                     1,737
<INCOME-CONTINUING>                              2,612
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     2,612
<EPS-PRIMARY>                                      .19
<EPS-DILUTED>                                      .19
<FN>
<F1>AMOUNTS FOR RECEIVABLES AND PROPERTY, PLANT AND EQUIPMENT ARE NET OF ANY
ALLOWANCES AND ACCUMULATED DEPRECIATION.
</FN>