<ARTICLE> BD <F1> <MULTIPLIER> 1,000,000 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> NOV-27-1998 <PERIOD-START> DEC-01-1997<F2> <PERIOD-END> NOV-27-1998 <CASH> 10,723<F3> <RECEIVABLES> 19,274 <SECURITIES-RESALE> 37,484 <SECURITIES-BORROWED> 69,158 <INSTRUMENTS-OWNED> 70,679 <PP&E> 956<F4> <TOTAL-ASSETS> 217,380 <SHORT-TERM> 27,430 <PAYABLES> 36,909 <REPOS-SOLD> 36,257 <SECURITIES-LOANED> 21,117 <INSTRUMENTS-SOLD> 55,895 <LONG-TERM> 19,906 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 210,996<F5> <TRADING-REVENUE> 2,015<F6> <INTEREST-DIVIDENDS> 15,010 <COMMISSIONS> 1,368<F7> <INVESTMENT-BANKING-REVENUES> 3,368 <FEE-REVENUE> 717<F7> <INTEREST-EXPENSE> 13,958 <COMPENSATION> 3,838 <INCOME-PRETAX> 2,921 <INCOME-PRE-EXTRAORDINARY> 2,921 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2,428 <EPS-PRIMARY> 0 <EPS-DILUTED> 0 <FN> <F1>The amounts disclosed in the financial data summary should be read in conjunction with the consolidated financial statements and the notes thereto. <F2>Represents the first Monday of the period. <F3>Includes cash and cash equivalents and cash and securities segregated in compliance with U.S. federal and other regulations as disclosed on the consolidated statement of financial condition. <F4>Included in other assets on the consolidated statement of financial condition. <F5>Excludes partners' capital and partners' capital allocated for income taxes and potential withdrawals as disclosed on the consolidated statement of financial condition. <F6>Includes revenues from principal investments, which mainly represents revenues from investments in merchant banking funds. <F7>Included in revenues from asset management and securities services on the consolidated statement of earnings. </FN>