<ARTICLE>                                           BD
<LEGEND>
This schedule contains summary financial information extracted from the
Company's  Consolidated  Statement of  Financial  Condition at February 29, 2000
(Unaudited) and the Consolidated  Statement of Income for the three months ended
February 29, 2000  (Unaudited)  and is qualified in its entirety by reference to
such financial statements.

</LEGEND>

                                            
<PERIOD-TYPE>                                  3-MOS
<FISCAL-YEAR-END>                              NOV-30-2000
<PERIOD-START>                                 DEC-01-1999
<PERIOD-END>                                   FEB-29-2000
<CASH>                                         5,966
<RECEIVABLES>                                  12,649
<SECURITIES-RESALE>                            76,764
<SECURITIES-BORROWED>                          23,939
<INSTRUMENTS-OWNED>                            92,568
<PP&E>                                         479
<TOTAL-ASSETS>                                 213,889
<SHORT-TERM>                                   5,825
<PAYABLES>                                     14,435
<REPOS-SOLD>                                   84,308
<SECURITIES-LOANED>                            4,948
<INSTRUMENTS-SOLD>                             58,878
<LONG-TERM>                                    32,314
<PREFERRED-MANDATORY>                          710
<PREFERRED>                                    600
<COMMON>                                       12
<OTHER-SE>                                     5,974
<TOTAL-LIABILITY-AND-EQUITY>                   213,889
<TRADING-REVENUE>                              1,114
<INTEREST-DIVIDENDS>                           4,313
<COMMISSIONS>                                  229
<INVESTMENT-BANKING-REVENUES>                  602
<FEE-REVENUE>                                  0
<INTEREST-EXPENSE>                             4,138
<COMPENSATION>                                 1,145
<INCOME-PRETAX>                                794
<INCOME-PRE-EXTRAORDINARY>                     541
<EXTRAORDINARY>                                0
<CHANGES>                                      0
<NET-INCOME>                                   541
<EPS-BASIC>                                  3.92
<EPS-DILUTED>                                  3.69