<ARTICLE> 7
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FINANCIAL STATEMENTS OF McM CORPORATION FOR THE THREE MONTHS ENDED MARCH 31,
1996, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               MAR-31-1996
<DEBT-HELD-FOR-SALE>                            28,843
<DEBT-CARRYING-VALUE>                           14,196
<DEBT-MARKET-VALUE>                             14,291
<EQUITIES>                                           0
<MORTGAGE>                                           0
<REAL-ESTATE>                                        0
<TOTAL-INVEST>                                  61,975
<CASH>                                           1,819
<RECOVER-REINSURE>                              48,365
<DEFERRED-ACQUISITION>                           4,395
<TOTAL-ASSETS>                                 124,100
<POLICY-LOSSES>                                 62,381
<UNEARNED-PREMIUMS>                             17,083
<POLICY-OTHER>                                       0
<POLICY-HOLDER-FUNDS>                            6,944
<NOTES-PAYABLE>                                      0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                         4,675
<OTHER-SE>                                      18,676
<TOTAL-LIABILITY-AND-EQUITY>                   124,100
<PREMIUMS>                                      12,758
<INVESTMENT-INCOME>                                890
<INVESTMENT-GAINS>                                   0
<OTHER-INCOME>                                      61
<BENEFITS>                                       8,274
<UNDERWRITING-AMORTIZATION>                          0
<UNDERWRITING-OTHER>                             4,764
<INCOME-PRETAX>                                    671
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                                671
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                       671
<EPS-PRIMARY>                                     0.14
<EPS-DILUTED>                                     0.14
<RESERVE-OPEN>                                  29,997
<PROVISION-CURRENT>                              7,895
<PROVISION-PRIOR>                                  379
<PAYMENTS-CURRENT>                               3,008
<PAYMENTS-PRIOR>                                 7,221
<RESERVE-CLOSE>                                 28,042
<CUMULATIVE-DEFICIENCY>                           (131)