FRIEDMAN BILLINGS RAMSEY GROUP INC
SC 13G, 2000-01-20
SECURITY BROKERS, DEALERS & FLOTATION COMPANIES
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                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C.  20549



                                  SCHEDULE 13G
                                 (RULE 13D-102)



           INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
            RULES 13D-1(B), (C) AND (D) AND AMENDMENTS THERETO FILED
                            PURSUANT TO RULE 13D-2(B)

                               (INITIAL FILING) 1


                      FRIEDMAN BILLINGS RAMSEY GROUP, INC.
- --------------------------------------------------------------------------------
                                (Name of Issuer)

                                 CLASS A COMMON
- --------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                    358433100
- --------------------------------------------------------------------------------
                                 (CUSIP Number)

                                DECEMBER 31, 1999
- --------------------------------------------------------------------------------
             (Date of Event Which Requires Filing of this Statement)



     Check  the  appropriate  box  to  designate the rule pursuant to which this
Schedule  is  filed:

          [X]  Rule  13d-1(b)

          [ ]  Rule  13d-1(c)

          [ ]  Rule  13d-1(d)


- -------------------
     (1) The remainder of this  cover  page  shall be filled out for a reporting
person's  initial  filing  on  this  form  with  respect to the subject class of
securities,  and for any subsequent amendment containing information which would
alter  the  disclosures  provided  in  a  prior  cover  page.

The information required in the remainder of this cover page shall not be deemed
to  be  "filed" for the pur-pose of Section 18 of the Securities Exchange Act of
1934  ("Act") or otherwise subject to the liabilities of that section of the Act
but  shall  be  subject  to  all  other  provisions of the Act (however, see the
Notes).


<PAGE>
30013005.02
CUSIP  NO.  358433100                13G                  PAGE  2  OF   6  PAGES
- ---------------------                                     ----------------------

1.     NAME  OF  REPORTING  PERSON
       I.R.S.  IDENTIFICATION  NOS.  OF  ABOVE  PERSONS  (ENTITIES  ONLY)

       MAZAMA  CAPITAL  MANAGEMENT,  LLC
       91-1858217

- --------------------------------------------------------------------------------
2.     CHECK  THE  APPROPRIATE  BOX  IF  A  MEMBER  OF  A  GROUP*
                                                                      (a)  [  ]
                                                                      (b)  [  ]

- --------------------------------------------------------------------------------
3.     SEC  USE  ONLY



- --------------------------------------------------------------------------------
4.     CITIZENSHIP  OR  PLACE  OF  ORGANIZATION

       OREGON

- --------------------------------------------------------------------------------
                            5.     SOLE  VOTING  POWER

    NUMBER OF                      554,800 See Item 4
     SHARES                 ----------------------------------------------------
  BENEFICIALLY              6.     SHARED  VOTING  POWER
     OWNED BY
      EACH                         0
   REPORTING                ----------------------------------------------------
  PERSON WITH               7.     SOLE  DISPOSITIVE  POWER

                                   796,000  See  Item  4
                            ----------------------------------------------------
                            8.     SHARED  DISPOSITIVE  POWER

                                   0
- --------------------------------------------------------------------------------
9.     AGGREGATE  AMOUNT  BENEFICIALLY  OWNED  BY  EACH  REPORTING  PERSON

       796,000

- --------------------------------------------------------------------------------
10.    CHECK BOX IF THE  AGGREGATE  AMOUNT  IN ROW (9) EXCLUDES CERTAIN SHARES*


- --------------------------------------------------------------------------------
11.    PERCENT  OF  CLASS  REPRESENTED  BY  AMOUNT  IN  ROW  9

       6.22

- --------------------------------------------------------------------------------
12.    TYPE  OF  REPORTING  PERSON*

       IA

- --------------------------------------------------------------------------------


<PAGE>
ITEM  1  (A).     NAME  OF  ISSUER:

                  Friedman  Billings  Ramsey  Group.,  Inc.
                  --------------------------------------------------------------

ITEM  1  (B).     ADDRESS  OF  ISSUER'S  PRINCIPAL  EXECUTIVE  OFFICES:

                  1001  Nineteen  Street  North
                  --------------------------------------------------------------

                  Arlington,  VA  22209
                  --------------------------------------------------------------

ITEM  2(A).       NAME  OF  PERSON  FILING:
                                          -

                  Mazama  Capital  Management,  LLC
                  ---------------------------------

ITEM  2  (B).     ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:

                  One  S.W.  Columbia,  Suite  1860,  Portland,  Oregon  97258
                  --------------------------------------------------------------

ITEM  2  (C).     CITIZENSHIP:

                  State  of  Oregon
                  --------------------------------------------------------------

ITEM  2  (D).     TITLE  OF  CLASS  OF  SECURITIES:

                  Class  A  Common
                  --------------------------------------------------------------

ITEM  2(E).       CUSIP  NUMBER:

                  358433100
                  --------------------------------------------------------------


ITEM 3.     IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B), OR 13D-2(B) OR
            (C),  CHECK  WHETHER  THE  PERSON  FILING  IS  A:

     (a)  [ ]  Broker  or  dealer  registered  under  Section  15  of the
                Exchange  Act.
     (b)  [ ]  Bank  as  defined  in  Section  3(a)(6)  of the Exchange Act.
     (c)  [ ]  Insurance  company  as  defined in Section 3(a)(19) of the
               Exchange  Act.
     (d)  [ ]  Investment  company  registered  under  Section  8  of the
               Investment  Company  Act.
     (e)  [X]  An  investment  adviser  in  accordance  with  Rule
               13d-1(b)(1)(ii)(E);
     (f)  [ ]  An  employee  benefit plan or endowment fund in accordance
               with  Rule  13d-1(b)(1)(ii)(F)
     (g)  [ ]  A  parent  holding company or control person in accordance with
               Rule  13d-1(b)(1)(ii)(G);
     (h)  [ ]  A savings association as defined in Section 3(b) of the Federal
               Deposit  Insurance  Act;
     (i)  [ ]  A  church  plan  that  is  excluded  from  the definition of an
               investment  company  under  Section  3(c)(14)  of  the Investment
               Company Act;
     (j)  [ ]  Group,  in  accordance  with  Rule  13d-1(b)(1)(ii)(J).
     If  this statement is filed pursuant to Rule 13d-1(c), check this box: [ ]


<PAGE>
ITEM  4.   OWNERSHIP

         (a)  Amount  beneficially  owned:
              796,000
              ------------------------------------------------------------------

         (b)  Percent  of  class:
              6.22
              ------------------------------------------------------------------

         (c)  Number  of  shares  as  to  which  such  person  has:
         (i)  sole power to  vote or to direct  the vote:                554,800
                                                                         -------
        (ii)  shared  power  to  vote  or  to  direct  the  vote:
                                                                         -------
       (iii)  sole power to dispose or to  direct  the disposition of:   796,000
                                                                         -------
        (iv)  shared power to dispose or to direct the disposition of:
                                                                         -------

ITEM  5.      OWNERSHIP  OF  FIVE  PERCENT  OR  LESS  OF  A  CLASS.

N/A

ITEM  6.     OWNERSHIP  OF  MORE  THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.

N/A

ITEM  7.     IDENTIFICATION  AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
             THE SECURITY BEING  REPORTED  ON  BY  THE PARENT  HOLDING  COMPANY.

N/A

ITEM  8.     IDENTIFICATION  AND  CLASSIFICATION  OF  MEMBERS  OF  THE  GROUP.

N/A

ITEM  9.     NOTICE  OF  DISSOLUTION  OF  GROUP.

N/A

ITEM  10.     CERTIFICATIONS.

N/A


<PAGE>

SIGNATURE

After  reasonable  inquiry and to the best of my knowledge and belief, I certify
that  the information set forth in this statement is true, complete and correct.


                      January  13,  2000
                      -------------------------------------------------------
                                           (Date)

                      -------------------------------------------------------
                                         (Signature)

                      Brian Alfrey / Vice President / Chief Operating Officer
                      -------------------------------------------------------
                                        (Name/Title)


<PAGE>


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