<ARTICLE> 5 <MULTIPLIER> 1000 <CURRENCY> US DOLLARS <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> MAR-31-1996 <EXCHANGE-RATE> 1 <CASH> $113,037 <SECURITIES> 4,042 <RECEIVABLES> 713,866 <ALLOWANCES> (250,270) <INVENTORY> 38,889 <CURRENT-ASSETS> 716,696 <PP&E> 1,604,365 <DEPRECIATION> (308,673) <TOTAL-ASSETS> 3,002,452 <CURRENT-LIABILITIES> 294,452 <BONDS> 1,374,423 <COMMON> 1,533 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 1,229,428 <TOTAL-LIABILITY-AND-EQUITY> 3,002,452 <SALES> 0 <TOTAL-REVENUES> 581,234 <CGS> 0 <TOTAL-COSTS> 402,291 <OTHER-EXPENSES> 42,580 <LOSS-PROVISION> 12,866 <INTEREST-EXPENSE> 23,845 <INCOME-PRETAX> 72,519 <INCOME-TAX> 23,297 <INCOME-CONTINUING> 37,851 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 37,851 <EPS-PRIMARY> 0.23 <EPS-DILUTED> 0.23