<ARTICLE> BD
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FINANCIAL STATEMENTS INCLUDED IN THIS REGISTRATION STATEMENT FILING AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          SEP-30-1998
<PERIOD-END>                               SEP-30-1998
<CASH>                                          21,834
<RECEIVABLES>                                1,310,235
<SECURITIES-RESALE>                                  0
<SECURITIES-BORROWED>                          328,989
<INSTRUMENTS-OWNED>                            560,876
<PP&E>                                          48,128
<TOTAL-ASSETS>                               1,968,918
<SHORT-TERM>                                    73,765
<PAYABLES>                                     345,495
<REPOS-SOLD>                                         0
<SECURITIES-LOANED>                            839,422
<INSTRUMENTS-SOLD>                                   0
<LONG-TERM>                                          0
<PREFERRED-MANDATORY>                              566
<PREFERRED>                                          0
<COMMON>                                             0
<OTHER-SE>                                     709,670
<TOTAL-LIABILITY-AND-EQUITY>                 1,968,918
<TRADING-REVENUE>                                    0
<INTEREST-DIVIDENDS>                            95,733
<COMMISSIONS>                                  162,097
<INVESTMENT-BANKING-REVENUES>                        0
<FEE-REVENUE>                                        0
<INTEREST-EXPENSE>                              39,714
<COMPENSATION>                                       0
<INCOME-PRETAX>                                 (1,665)
<INCOME-PRE-EXTRAORDINARY>                      (1,665)
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                      (712)
<EPS-PRIMARY>                                    (0.02)
<EPS-DILUTED>                                    (0.02)