<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 MARCH
31, 1997 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>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               MAR-31-1997
<DEBT-HELD-FOR-SALE>                         5,738,904
<DEBT-CARRYING-VALUE>                                0
<DEBT-MARKET-VALUE>                                  0
<EQUITIES>                                       3,843
<MORTGAGE>                                     257,528
<REAL-ESTATE>                                   25,730
<TOTAL-INVEST>                               6,435,790
<CASH>                                          43,266
<RECOVER-REINSURE>                               9,056<F1>
<DEFERRED-ACQUISITION>                         828,452
<TOTAL-ASSETS>                               7,776,581
<POLICY-LOSSES>                              5,389,665
<UNEARNED-PREMIUMS>                                  0
<POLICY-OTHER>                                 229,890
<POLICY-HOLDER-FUNDS>                           72,461
<NOTES-PAYABLE>                                593,072
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                        499
<COMMON>                                        57,475
<OTHER-SE>                                   1,103,230
<TOTAL-LIABILITY-AND-EQUITY>                 7,776,581
<PREMIUMS>                                     252,859
<INVESTMENT-INCOME>                            125,446
<INVESTMENT-GAINS>                                 913
<OTHER-INCOME>                                  70,826
<BENEFITS>                                     255,976
<UNDERWRITING-AMORTIZATION>                     42,503
<UNDERWRITING-OTHER>                           107,767
<INCOME-PRETAX>                                 42,920
<INCOME-TAX>                                    14,332
<INCOME-CONTINUING>                             28,588
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    28,588
<EPS-PRIMARY>                                      .82
<EPS-DILUTED>                                      .82
<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 5 of Notes to Financial Statements.
</FN>
        

</TABLE>