<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>