<ARTICLE> BD
<LEGEND>
EXHIBIT 27

          Selected Financial Data Schedule BD -- Exhibit 27
          (in thousands of dollars except per share amounts)
</LEGEND>
<MULTIPLIER>  1,000
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          SEP-30-1994
<PERIOD-END>                               SEP-30-1994
<CASH>                                           3,165
<RECEIVABLES>                                  116,699
<SECURITIES-RESALE>                                  0
<SECURITIES-BORROWED>                          331,209
<INSTRUMENTS-OWNED>                             20,988
<PP&E>                                           5,151
<TOTAL-ASSETS>                                 482,749
<SHORT-TERM>                                    38,921
<PAYABLES>                                      63,689
<REPOS-SOLD>                                         0
<SECURITIES-LOANED>                            329,478
<INSTRUMENTS-SOLD>                               3,724
<LONG-TERM>                                         94
<COMMON>                                            44
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                      33,186
<TOTAL-LIABILITY-AND-EQUITY>                   482,749
<TRADING-REVENUE>                               36,167
<INTEREST-DIVIDENDS>                            16,222
<COMMISSIONS>                                   29,553
<INVESTMENT-BANKING-REVENUES>                   19,164
<FEE-REVENUE>                                    6,578
<INTEREST-EXPENSE>                              10,467
<COMPENSATION>                                  65,513
<INCOME-PRETAX>                                  7,368
<INCOME-PRE-EXTRAORDINARY>                       4,492
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     4,492
<EPS-PRIMARY>                                     1.06
<EPS-DILUTED>                                     1.06