<ARTICLE> BD
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM DAIN
RAUSCHER CORPORATION'S MARCH 31, 1998 FORM 10-Q AND IS QUALIFIED IN  ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               MAR-31-1998
<CASH>                                           51815
<RECEIVABLES>                                  1475537
<SECURITIES-RESALE>                             327822
<SECURITIES-BORROWED>                                0<F1>
<INSTRUMENTS-OWNED>                             436554
<PP&E>                                           45161
<TOTAL-ASSETS>                                 2528342
<SHORT-TERM>                                    142415
<PAYABLES>                                     1382500
<REPOS-SOLD>                                    158756
<SECURITIES-LOANED>                                  0<F2>
<INSTRUMENTS-SOLD>                              344738
<LONG-TERM>                                     108316
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                          1556
<OTHER-SE>                                      318329
<TOTAL-LIABILITY-AND-EQUITY>                   2528342
<TRADING-REVENUE>                                36795
<INTEREST-DIVIDENDS>                             31797
<COMMISSIONS>                                    72924
<INVESTMENT-BANKING-REVENUES>                    22229
<FEE-REVENUE>                                    13330<F3>
<INTEREST-EXPENSE>                               15567
<COMPENSATION>                                  110960
<INCOME-PRETAX>                                 (3163)
<INCOME-PRE-EXTRAORDINARY>                      (2024)
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    (2024)
<EPS-PRIMARY>                                    (.16)<F4>
<EPS-DILUTED>                                    (.16)<F4>
<FN>
<F1>INCLUDED IN RECEIVABLES
<F2>INCLUDED IN PAYABLES
<F3>INCLUDES FEES FROM ASSET MANAGEMENT ONLY
<F4>EARNINGS (LOSS) PER SHARE AMOUNTS REPRESENT BASIC AND DILUTED AS PRESCRIBED
UNDER SFAS 128
</FN>