<ARTICLE> BD <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION AND THE CONSOLIDATED STATEMENTS OF EARNINGS AS OF MARCH 26, 1999 AND FOR THE THREE MONTHS THEN ENDED AND THE NOTES THERETO AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS FILED IN THE FIRST QUARTER OF 1999 JEFFERIES GROUP, INC. 10-Q FILING. </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> MAR-26-1999 <CASH> 80,681 <RECEIVABLES> 227,284 <SECURITIES-RESALE> 37,659 <SECURITIES-BORROWED> 2,635,037 <INSTRUMENTS-OWNED> 145,972 <PP&E> 19,937 <TOTAL-ASSETS> 3,501,717 <SHORT-TERM> 0 <PAYABLES> 255,204 <REPOS-SOLD> 37,699 <SECURITIES-LOANED> 2,440,815 <INSTRUMENTS-SOLD> 0 <LONG-TERM> 0 <PREFERRED-MANDATORY> 80,006 <PREFERRED> 149,411 <COMMON> 244 <OTHER-SE> 413,837 <TOTAL-LIABILITY-AND-EQUITY> 3,501,717 <TRADING-REVENUE> 56,274 <INTEREST-DIVIDENDS> 27,199 <COMMISSIONS> 49,685 <INVESTMENT-BANKING-REVENUES> 14,308 <FEE-REVENUE> 0 <INTEREST-EXPENSE> 22,574 <COMPENSATION> 76,421 <INCOME-PRETAX> 20,370 <INCOME-PRE-EXTRAORDINARY> 20,370 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 16,621 <EPS-PRIMARY> 0.72 <EPS-DILUTED> 0.69