<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FINANCIAL STATEMENTS AS OF AND FOR THE NINE MONTH PERIOD ENDED SEPTEMBER 30,
1996 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               SEP-30-1996
<CASH>                                          30,006
<SECURITIES>                                    74,860
<RECEIVABLES>                                    7,050
<ALLOWANCES>                                        68
<INVENTORY>                                          0
<CURRENT-ASSETS>                               122,481
<PP&E>                                          19,001
<DEPRECIATION>                                   8,697
<TOTAL-ASSETS>                                 137,816
<CURRENT-LIABILITIES>                           84,490
<BONDS>                                              0
<COMMON>                                        12,015
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                      36,610
<TOTAL-LIABILITY-AND-EQUITY>                   137,816
<SALES>                                              0
<TOTAL-REVENUES>                               219,836
<CGS>                                                0
<TOTAL-COSTS>                                  180,467
<OTHER-EXPENSES>                                42,410
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                                  4,998
<INCOME-TAX>                                     1,856
<INCOME-CONTINUING>                              3,142
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     3,142
<EPS-PRIMARY>                                     0.21
<EPS-DILUTED>                                     0.21