<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM UNAUDITED
CONSOLIDATED FINANCIAL STATEMENTS AS REPORTED IN THE QUARTERLY REPORT ON FORM
10-Q FOR THE QUARTER ENDED MARCH 31, 1999 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-START>                             JAN-01-1999
<PERIOD-END>                               MAR-31-1999
<CASH>                                          63,881
<SECURITIES>                                   104,327
<RECEIVABLES>                                   36,178
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                               208,992
<PP&E>                                          30,501
<DEPRECIATION>                                  11,715
<TOTAL-ASSETS>                                 364,837
<CURRENT-LIABILITIES>                          168,802
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                           665
<OTHER-SE>                                     184,394
<TOTAL-LIABILITY-AND-EQUITY>                   364,837
<SALES>                                              0
<TOTAL-REVENUES>                                80,473
<CGS>                                                0
<TOTAL-COSTS>                                   43,533
<OTHER-EXPENSES>                                   726
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                 863
<INCOME-PRETAX>                                 35,351
<INCOME-TAX>                                    13,368
<INCOME-CONTINUING>                             21,983
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    21,983
<EPS-PRIMARY>                                      .35
<EPS-DILUTED>                                      .35