<TABLE> <S> <C>

<ARTICLE> 7
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED BALANCE  SHEETS, SUMMARY  STATEMENTS OF  CONSOLIDATED NET
INCOME, AND  NOTES  TO  FINANCIAL  STATEMENTS  FOR  THE  PERIOD  ENDED
SEPTEMBER 30,  1996 OF  USLIFE CORPORATION  AND SUBSIDIARIES  FILED ON
FORM 10-Q  AND IS  QUALIFIED IN  ITS ENTIRETY  BY  REFERENCE  TO  SUCH
FINANCIAL STATEMENTS AND NOTES TO FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               SEP-30-1996
<DEBT-HELD-FOR-SALE>                         5,789,315
<DEBT-CARRYING-VALUE>                                0
<DEBT-MARKET-VALUE>                                  0
<EQUITIES>                                       3,777
<MORTGAGE>                                     262,202
<REAL-ESTATE>                                   30,143
<TOTAL-INVEST>                               6,510,106
<CASH>                                          53,314
<RECOVER-REINSURE>                               8,720 <F1>
<DEFERRED-ACQUISITION>                         802,198
<TOTAL-ASSETS>                               7,832,225
<POLICY-LOSSES>                              5,456,019
<UNEARNED-PREMIUMS>                                  0
<POLICY-OTHER>                                 213,853
<POLICY-HOLDER-FUNDS>                           66,990
<NOTES-PAYABLE>                                629,998
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                        527
<COMMON>                                        57,471
<OTHER-SE>                                   1,096,490
<TOTAL-LIABILITY-AND-EQUITY>                 7,832,225
<PREMIUMS>                                     767,465
<INVESTMENT-INCOME>                            374,842
<INVESTMENT-GAINS>                               (597)
<OTHER-INCOME>                                 205,363
<BENEFITS>                                     800,200 <F2>
<UNDERWRITING-AMORTIZATION>                    164,823 <F3>
<UNDERWRITING-OTHER>                           304,833
<INCOME-PRETAX>                                 74,565
<INCOME-TAX>                                    25,397
<INCOME-CONTINUING>                             49,168
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    49,168
<EPS-PRIMARY>                                     1.41
<EPS-DILUTED>                                     1.41
<RESERVE-OPEN>                                       0
<PROVISION-CURRENT>                                  0
<PROVISION-PRIOR>                                    0
<PAYMENTS-CURRENT>                                   0
<PAYMENTS-PRIOR>                                     0
<RESERVE-CLOSE>                                      0
<CUMULATIVE-DEFICIENCY>                              0

<FN>
<F1>  See Note 6 of Notes to Financial Statements.
<F2>  Includes $12.441 million relating to charge
      discussed in Note 7 of Notes to Financial
      Statements.
<F3>  Includes $37.198 million relating to charge
      discussed in Note 7 of Notes to Financial
      Statements.
</FN>
        


</TABLE>