<ARTICLE> 5 <MULTIPLIER> 1,000 <CURRENCY> US DOLLARS <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> MAR-31-1998 <EXCHANGE-RATE> 1 <CASH> 52,134 <SECURITIES> 60,272 <RECEIVABLES> 857,061 <ALLOWANCES> 163,889 <INVENTORY> 0 <CURRENT-ASSETS> 879,306 <PP&E> 1,314,646 <DEPRECIATION> 0 <TOTAL-ASSETS> 5,246,908 <CURRENT-LIABILITIES> 655,066 <BONDS> 1,100,132 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 45 <OTHER-SE> 1,201,525 <TOTAL-LIABILITY-AND-EQUITY> 5,246,908 <SALES> 854,880 <TOTAL-REVENUES> 854,880 <CGS> 0 <TOTAL-COSTS> 790,607 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 66,465 <INCOME-PRETAX> 64,543 <INCOME-TAX> 26,463 <INCOME-CONTINUING> 38,080 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 38,080 <EPS-PRIMARY> 0.88 <EPS-DILUTED> 0.74