<ARTICLE>                                           BD
<LEGEND>
This  schedule  contains  summary  financial   information  extracted  from  the
Consolidated Statement of Income and Consolidated Balance Sheet of the Company's
1999 Annual Report to Stockholders,  which are incorporated  herein by reference
to Exhibit No. 13.1 of this report,  for the period ended December 31, 1999, and
is qualified in its entirety by reference to such financial statements.
</LEGEND>
<MULTIPLIER>                                  1000

                             
<PERIOD-TYPE>                   Year
<FISCAL-YEAR-END>                            DEC-31-1999
<PERIOD-END>                                 DEC-31-1999
<CASH>                                         4,379,613
<RECEIVABLES>                                 17,542,879
<SECURITIES-RESALE>                            6,165,043
<SECURITIES-BORROWED>                                  0
<INSTRUMENTS-OWNED>                              339,634
<PP&E>                                           597,761
<TOTAL-ASSETS>                                29,299,061
<SHORT-TERM>                                     467,758
<PAYABLES>                                    25,171,357
<REPOS-SOLD>                                           0
<SECURITIES-LOANED>                                    0
<INSTRUMENTS-SOLD>                                     0
<LONG-TERM>                                      455,000
<PREFERRED-MANDATORY>                                  0
<PREFERRED>                                            0
<COMMON>                                           8,224
<OTHER-SE>                                     2,265,711
<TOTAL-LIABILITY-AND-EQUITY>                  29,299,061
<TRADING-REVENUE>                                500,496
<INTEREST-DIVIDENDS>                           1,471,080
<COMMISSIONS>                                  1,863,306
<INVESTMENT-BANKING-REVENUES>                          0
<FEE-REVENUE>                                    750,141
<INTEREST-EXPENSE>                               768,403
<COMPENSATION>                                 1,624,526
<INCOME-PRETAX>                                  971,239
<INCOME-PRE-EXTRAORDINARY>                       588,877
<EXTRAORDINARY>                                        0
<CHANGES>                                              0
<NET-INCOME>                                     588,877
<EPS-BASIC>                                       0.73 <F1>
<EPS-DILUTED>                                       0.70 <F1>
<FN>
<F1>
Reflects the July 1999  two-for-one  common stock split and prior Financial Data
Schedules have not been restated for the  recapitalization.  The information has
been prepared in accordance  with SFAS No. 128.  Basic and diluted EPS have been
entered in place of primary and fully diluted, respectively.
</FN>