<ARTICLE>                             BD
<LEGEND>
This  schedule  contains  summary  financial   information  extracted  from  the
Condensed  Consolidated  Statement of Income and Condensed  Consolidated Balance
Sheet of the Company's  Quarterly  Report on Form 10-Q for the quarterly  period
ended March 31,  2000,  and is  qualified  in its  entirety by reference to such
financial statements.
</LEGEND>

<MULTIPLIER>                                    1000

                                      
<PERIOD-TYPE>                            3-MOS
<FISCAL-YEAR-END>                        Dec-31-2000
<PERIOD-END>                             Mar-31-2000
<CASH>                                     4,877,718
<RECEIVABLES>                             22,695,441
<SECURITIES-RESALE>                        4,267,081
<SECURITIES-BORROWED>                              0
<INSTRUMENTS-OWNED>                          413,070
<PP&E>                                       667,431
<TOTAL-ASSETS>                            33,740,454
<SHORT-TERM>                                 476,270
<PAYABLES>                                28,351,881
<REPOS-SOLD>                                       0
<SECURITIES-LOANED>                                0
<INSTRUMENTS-SOLD>                                 0
<LONG-TERM>                                  655,129
<PREFERRED-MANDATORY>                              0
<PREFERRED>                                        0
<COMMON>                                       8,394
<OTHER-SE>                                 3,134,255
<TOTAL-LIABILITY-AND-EQUITY>              33,740,454
<TRADING-REVENUE>                            245,280
<INTEREST-DIVIDENDS>                         529,989
<COMMISSIONS>                                783,250
<INVESTMENT-BANKING-REVENUES>                      0
<FEE-REVENUE>                                236,973
<INTEREST-EXPENSE>                           266,009
<COMPENSATION>                               591,338
<INCOME-PRETAX>                              479,661
<INCOME-PRE-EXTRAORDINARY>                   284,247
<EXTRAORDINARY>                                    0
<CHANGES>                                          0
<NET-INCOME>                                 284,247
<EPS-BASIC>                                    .35 <F1>
<EPS-DILUTED>                                    .33 <F1>


<FN>
<F1>  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.
Excludes the effects of the three-for-two common stock split declared
May 3, 2000 and payable May 30, 2000.
</FN>