<ARTICLE> BD

                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          SEP-29-2000
<PERIOD-END>                               DEC-31-1999
<CASH>                                     300,463,000
<RECEIVABLES>                            1,878,564,000
<SECURITIES-RESALE>                      1,363,785,000
<SECURITIES-BORROWED>                    1,368,695,000
<INSTRUMENTS-OWNED>                        587,246,000
<PP&E>                                      94,091,000
<TOTAL-ASSETS>                           5,759,118,000
<SHORT-TERM>                                51,675,000
<PAYABLES>                               3,558,087,000
<REPOS-SOLD>                                         0
<SECURITIES-LOANED>                      1,283,939,000
<INSTRUMENTS-SOLD>                          71,232,000
<LONG-TERM>                                 94,026,000
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                       490,000
<OTHER-SE>                                 560,008,000
<TOTAL-LIABILITY-AND-EQUITY>             5,759,118,000
<TRADING-REVENUE>                            5,235,000
<INTEREST-DIVIDENDS>                        75,904,000
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<INVESTMENT-BANKING-REVENUES>               16,158,000
<FEE-REVENUE>                               35,562,000
<INTEREST-EXPENSE>                          48,883,000
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<INCOME-PRETAX>                             43,227,000
<INCOME-PRE-EXTRAORDINARY>                  43,227,000
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                26,816,000
<EPS-BASIC>                                        .57
<EPS-DILUTED>                                      .56