CERTIFICATION
                             PURSUANT TO SECTION 906
                        OF THE SARBANES-OXLEY ACT OF 2002


          The undersigned, the Secretary and Chief Financial Officer of the 1838
Bond-Debenture Trading Fund (the "Fund"), with respect to the Fund's Form N-CSR
for the period ended September 30, 2004 as filed with the Securities and
Exchange Commission, hereby certifies, pursuant to 18 U.S.C. Section 1350, as
adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

         1. such Form N-CSR fully complies with the requirements of section
13(a) or 15(d) of the Securities Exchange Act of 1934; and

         2. the information contained in such Form N-CSR fairly presents, in all
material respects, the financial condition and results of operations of the
Fund.


Dated: November 22, 2004                          /s/ John J. Kelley
      -------------------------                   ------------------------------
                                                  John J. Kelley
                                                  Vice President and Secretary
                                                  (Principal Financial Officer)