<ARTICLE>                                           BD
<LEGEND>
This  schedule  contains  summary  financial   information  extracted  from  the
Company's  Consolidated  Statement  of  Financial  Condition  at August 31, 1999
(Unaudited) and the  Consolidated  Statement of Income for the nine months ended
August 31, 1999  (Unaudited)  and is  qualified  in its entirety by reference to
such financial statements.
</LEGEND>

                                            
<PERIOD-TYPE>                                  9-MOS
<FISCAL-YEAR-END>                              NOV-30-1999
<PERIOD-START>                                 DEC-01-1998
<PERIOD-END>                                   AUG-31-1999
<CASH>                                         5,997
<RECEIVABLES>                                  13,081
<SECURITIES-RESALE>                            66,043
<SECURITIES-BORROWED>                          28,160
<INSTRUMENTS-OWNED>                            87,105
<PP&E>                                         489
<TOTAL-ASSETS>                                 202,149
<SHORT-TERM>                                   6,669
<PAYABLES>                                     13,150
<REPOS-SOLD>                                   90,664
<SECURITIES-LOANED>                            6,734
<INSTRUMENTS-SOLD>                             48,415
<LONG-TERM>                                    29,857
<PREFERRED-MANDATORY>                          710
<PREFERRED>                                    758
<COMMON>                                       12
<OTHER-SE>                                     5,180
<TOTAL-LIABILITY-AND-EQUITY>                   202,149
<TRADING-REVENUE>                              1,682
<INTEREST-DIVIDENDS>                           10,798
<COMMISSIONS>                                  465
<INVESTMENT-BANKING-REVENUES>                  1,286
<FEE-REVENUE>                                  0
<INTEREST-EXPENSE>                             10,359
<COMPENSATION>                                 1,992
<INCOME-PRETAX>                                1,192
<INCOME-PRE-EXTRAORDINARY>                     830
<EXTRAORDINARY>                                0
<CHANGES>                                      0
<NET-INCOME>                                   830
<EPS-BASIC>                                  6.12
<EPS-DILUTED>                                  5.86