<ARTICLE> BD
<LEGEND>
This schedule contains summary financial information extracted from the
financial statements for The Jones Financial Companies for the 3 months ended
March 28, 1997 and is qualified in its entirety to such financial statements.
</LEGEND>
<CIK> 0000815917
<NAME> THE JONES FINANCIAL COMPANIES, L.P., LLP
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               MAR-28-1997
<EXCHANGE-RATE>                                      1
<CASH>                                          64,309
<RECEIVABLES>                                  723,314
<SECURITIES-RESALE>                             70,000
<SECURITIES-BORROWED>                            9,481
<INSTRUMENTS-OWNED>                            222,825
<PP&E>                                         175,562
<TOTAL-ASSETS>                               1,335,271
<SHORT-TERM>                                         0
<PAYABLES>                                     608,001
<REPOS-SOLD>                                         0
<SECURITIES-LOANED>                              8,193
<INSTRUMENTS-SOLD>                              18,932
<LONG-TERM>                                    281,525
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                             0
<OTHER-SE>                                     259,997
<TOTAL-LIABILITY-AND-EQUITY>                 1,335,271
<TRADING-REVENUE>                                    0
<INTEREST-DIVIDENDS>                            18,735
<COMMISSIONS>                                  219,056
<INVESTMENT-BANKING-REVENUES>                    3,337
<FEE-REVENUE>                                   20,726
<INTEREST-EXPENSE>                              10,273
<COMPENSATION>                                 149,751
<INCOME-PRETAX>                                 23,746
<INCOME-PRE-EXTRAORDINARY>                      23,746
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    23,746
<EPS-PRIMARY>                                        0
<EPS-DILUTED>                                        0