<ARTICLE> BD

                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUN-25-1999
<PERIOD-START>                             JUN-27-1998
<PERIOD-END>                               JUN-25-1999
<CASH>                                          11,334
<RECEIVABLES>                                3,767,657
<SECURITIES-RESALE>                            197,271
<SECURITIES-BORROWED>                        2,987,910
<INSTRUMENTS-OWNED>                             74,486
<PP&E>                                          11,189
<TOTAL-ASSETS>                               4,293,274
<SHORT-TERM>                                         0
<PAYABLES>                                   3,812,655
<REPOS-SOLD>                                         0
<SECURITIES-LOANED>                          2,954,007
<INSTRUMENTS-SOLD>                              24,350
<LONG-TERM>                                     50,000
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                         1,180
<OTHER-SE>                                     261,104
<TOTAL-LIABILITY-AND-EQUITY>                 4,293,274
<TRADING-REVENUE>                               41,689
<INTEREST-DIVIDENDS>                           147,006
<COMMISSIONS>                                   65,048
<INVESTMENT-BANKING-REVENUES>                   29,100
<FEE-REVENUE>                                   40,118
<INTEREST-EXPENSE>                              99,951
<COMPENSATION>                                 124,691
<INCOME-PRETAX>                                 40,520
<INCOME-PRE-EXTRAORDINARY>                      40,520
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    26,219
<EPS-BASIC>                                       2.23<F1>
<EPS-DILUTED>                                     2.21<F1>
<FN>
<F1>A 10% stock dividend was declared by the Board of Directors on May 6, 1999,
payable August 2, 1999 to shareholders of record on July 15, 1999. Prior
Financial Data Schedules have not been restated for this stock dividend.
</FN>