<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FINANCIAL STATEMENTS AS OF AND FOR THE SIX MONTH PERIOD ENDED JUNE 30, 1996 AND
IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               JUN-30-1996
<CASH>                                          30,889
<SECURITIES>                                    66,293
<RECEIVABLES>                                    4,690
<ALLOWANCES>                                        68
<INVENTORY>                                          0
<CURRENT-ASSETS>                               110,681
<PP&E>                                          18,186
<DEPRECIATION>                                   7,780
<TOTAL-ASSETS>                                 125,722
<CURRENT-LIABILITIES>                           76,026
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                        12,025
<OTHER-SE>                                      34,798
<TOTAL-LIABILITY-AND-EQUITY>                   125,722
<SALES>                                              0
<TOTAL-REVENUES>                               148,905
<CGS>                                                0
<TOTAL-COSTS>                                  124,175
<OTHER-EXPENSES>                                28,684
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                                  2,753
<INCOME-TAX>                                     1,048
<INCOME-CONTINUING>                              1,705
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     1,705
<EPS-PRIMARY>                                     0.12
<EPS-DILUTED>                                     0.12