<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE JOHN
NUVEEN COMPANY'S FORM 10-Q AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENT.
</LEGEND>
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               JUN-30-1996
<CASH>                                         219,396
<SECURITIES>                                    84,922
<RECEIVABLES>                                   40,394
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                               344,712
<PP&E>                                          31,940
<DEPRECIATION>                                (16,900)
<TOTAL-ASSETS>                                 416,829
<CURRENT-LIABILITIES>                           48,273
<BONDS>                                              0
<COMMON>                                             0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                        101
<OTHER-SE>                                     341,639
<TOTAL-LIABILITY-AND-EQUITY>                   416,829
<SALES>                                              0
<TOTAL-REVENUES>                               112,773
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                                56,218
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               1,204
<INCOME-PRETAX>                                 55,351
<INCOME-TAX>                                    21,197
<INCOME-CONTINUING>                             34,154
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    34,154
<EPS-PRIMARY>                                      .91
<EPS-DILUTED>                                        0