<ARTICLE>                                           BD
<LEGEND>
This  schedule  contains  summary  financial   information  extracted  from  the
Company's  Consolidated  Statement of  Financial  Condition at February 28, 1999
(Unaudited) and the  Consolidated  Statement of Income for the nine months ended
February 28, 1999  (Unaudited)  and is qualified in its entirety by reference to
such financial statements.

</LEGEND>

       
                                            
<PERIOD-TYPE>                                  3-MOS
<FISCAL-YEAR-END>                              NOV-30-1999
<PERIOD-START>                                 DEC-01-1998
<PERIOD-END>                                   FEB-28-1999
<CASH>                                         4,942
<RECEIVABLES>                                  10,654
<SECURITIES-RESALE>                            57,424
<SECURITIES-BORROWED>                          14,858
<INSTRUMENTS-OWNED>                            89,459
<PP&E>                                         501
<TOTAL-ASSETS>                                 179,305
<SHORT-TERM>                                   7,168
<PAYABLES>                                     14,088
<REPOS-SOLD>                                   84,935
<SECURITIES-LOANED>                            6,873
<INSTRUMENTS-SOLD>                             33,559
<LONG-TERM>                                    26,718
<PREFERRED-MANDATORY>                          325
<PREFERRED>                                    908
<COMMON>                                       12
<OTHER-SE>                                     4,719
<TOTAL-LIABILITY-AND-EQUITY>                   179,305
<TRADING-REVENUE>                              526
<INTEREST-DIVIDENDS>                           3,581
<COMMISSIONS>                                  146
<INVESTMENT-BANKING-REVENUES>                  321
<FEE-REVENUE>                                  0
<INTEREST-EXPENSE>                             3,473
<COMPENSATION>                                 567
<INCOME-PRETAX>                                309
<INCOME-PRE-EXTRAORDINARY>                     211
<EXTRAORDINARY>                                0
<CHANGES>                                      0
<NET-INCOME>                                   211
<EPS-PRIMARY>                                  1.62
<EPS-DILUTED>                                  1.57