<ARTICLE> BD
<LEGEND> EXHIBIT 27
Financial Data Schedule for the first quarter ended March 31, 1998
required pursuant to Item 601(c) of Regulation S-K and Regulation S-B
and Rule 401 of Regulation S-T.
</LEGEND>
<CIK> 0000791963
<NAME> FAHNESTOCK VINER HOLDINGS INC.
<MULTIPLIER> 1
<CURRENCY> 1
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> MAR-31-1998
<EXCHANGE-RATE>  1
<CASH> 15,322,000
<RECEIVABLES> 464,536,000
<SECURITIES-RESALE> 0
<SECURITIES-BORROWED> 252,764,000
<INSTRUMENTS-OWNED> 82,239,000
<PP&E> 9,222,000
<TOTAL-ASSETS> 535,924,000
<SHORT-TERM> 31,766,000
<PAYABLES> 237,502,000
<REPOS-SOLD> 0
<SECURITIES-LOANED> 348,771,000
<INSTRUMENTS-SOLD> 50,066,000
<LONG-TERM> 30,000
<COMMON> 42,397,000
<PREFERRED-MANDATORY> 0
<PREFERRED> 0
<OTHER-SE> 126,162,000
<TOTAL-LIABILITY-AND-EQUITY> 836,694,000
<TRADING-REVENUE> 19,229,000
<INTEREST-DIVIDENDS> 10,585,000
<COMMISSIONS> 29,401,000
<INVESTMENT-BANKING-REVENUES> 2,317,000
<FEE-REVENUE> 5,762,000
<INTEREST-EXPENSE> 6,217,000
<COMPENSATION> 36,393,000
<INCOME-PRETAX> 12,189,000
<INCOME-PRE-EXTRAORDINARY> 12,189,000
<EXTRAORDINARY>  0
<CHANGES> 0
<NET-INCOME> 7,033,000
<EPS-PRIMARY> 0.56
<EPS-DILUTED>  0.54