<ARTICLE> BD <MULTIPLIER> 1,000,000 <PERIOD-TYPE> 12-MOS 12-MOS 12-MOS 6-MOS 6-MOS <FISCAL-YEAR-END> NOV-24-1995 NOV-29-1996 NOV-28-1997 NOV-28-1997 NOV-27-1998 <PERIOD-START> NOV-26-1994 NOV-25-1995 NOV-30-1996 NOV-30-1996 NOV-29-1997 <PERIOD-END> NOV-24-1995 NOV-29-1996 NOV-28-1997 MAY-30-1997 MAY-29-1998 <CASH> 3,740 6,441 6,231 5,373 8,252 <RECEIVABLES> 7,208 8,199 13,814 9,526 17,628 <SECURITIES-RESALE> 23,320 40,614 39,376 46,365 47,584 <SECURITIES-BORROWED> 14,631 36,654 51,058 45,253 67,343 <INSTRUMENTS-OWNED> 49,506 58,798 66,389 61,208 85,740 <PP&E> 538 628 722 673 815 <TOTAL-ASSETS> 100,066 152,046 178,401 169,200 241,852 <SHORT-TERM> 14,747 17,337 21,008 20,668 23,722 <PAYABLES> 12,328 17,767 23,947 22,034 31,070 <REPOS-SOLD> 16,706 50,012 44,057 50,058 64,499 <SECURITIES-LOANED> 6,399 11,347 17,627 15,426 22,075 <INSTRUMENTS-SOLD> 29,513 34,784 46,478 40,226 43,662 <LONG-TERM> 13,358 12,376 15,667 12,782 20,275 <PREFERRED-MANDATORY> 0 0 0 0 0 <PREFERRED> 0 0 0 0 0 <COMMON> 0 0 0 0 0 <OTHER-SE> 0 0 0 0 0 <TOTAL-LIABILITY-AND-EQUITY> 100,066<F1> 152,046<F1> 178,401<F1> 169,200<F1> 241,852<F1> <TRADING-REVENUE> 1,916<F2> 2,496<F2> 2,303<F2> 1,362<F2> 2,426<F2> <INTEREST-DIVIDENDS> 9,986 11,699 14,087 6,429 7,472 <COMMISSIONS> 647 727 989 455 668 <INVESTMENT-BANKING-REVENUES> 1,595 2,113 2,587 1,094 1,587 <FEE-REVENUE> 827<F3> 981<F3> 1,456<F3> 655<F3> 981<F3> <INTEREST-EXPENSE> 9,841 11,160 12,986 5,909 7,005 <COMPENSATION> 2,005 2,421 3,097 1,528 2,589 <INCOME-PRETAX> 1,368 2,606 3,014 1,515 2,059 <INCOME-PRE-EXTRAORDINARY> 1,368 2,606 3,014 1,515 2,059 <EXTRAORDINARY> 0 0 0 0 0 <CHANGES> 0 0 0 0 0 <NET-INCOME> 1,348 2,399 2,746 1,372 1,731 <EPS-PRIMARY> 0 0 0 0 0 <EPS-DILUTED> 0 0 0 0 0 <FN> <F1>Includes Partners' Capital. <F2>Includes revenues from investments in merchant banking funds. <F3>Includes income from commissions. </FN>