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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) October 7, 1998
DONALDSON, LUFKIN & JENRETTE, INC.
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(Exact name of registrant as specified in its charter)
Delaware
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(State or other jurisdiction of incorporation or organization)
1-6862 13-1898818
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(Commission File Number) (I.R.S. Employer
Identification No.)
277 Park Avenue, New York, New York 10172
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(Address of principal executive office) (Zip Code)
Registrant's telephone number, including area code: (212) 892-3000
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Item 5. Other Events
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A press release dated October 7, 1998, issued by Donaldson, Lufkin &
Jenrette, Inc., concerning the Company's exposure to hedge funds, emerging
markets securities and high-yield bonds is filed herewith as an exhibit and
the information concerning the Company contained therein is hereby incorporated
in its entirety by reference.
(c) Exhibit
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Exhibit 99.1 Press release dated October 7, 1998.
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SIGNATURE
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Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Report to be signed on its behalf by the
undersigned hereunto duly authorized.
Donaldson, Lufkin & Jenrette, Inc.
/s/ Marjorie White
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Marjorie White
Secretary
October 16, 1998
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Media Contact:
Catherine M. Conroy
Donaldson, Lufkin & Jenrette
212-892-3275
Investor Contact:
Kevin Zuccala
Donaldson, Lufkin & Jenrette
212-892-4693
For Immediate Release
DLJ RELEASES DATA ON POSITIONS
New York, NY - October 7, 1998 - Donaldson, Lufkin & Jenrette, Inc. (NYSE:DLJ)
released the following data today in connection with AXA's regularly scheduled
press and investor conferences, to be held in Paris and London tomorrow, when
AXA announces its results for the first half of 1998.
As of September 30, 1998, DLJ was owed approximately $106 million by various
hedge funds. Of that amount, $103 million was fully collateralized by cash,
U.S. Treasury and other marketable securities, and $3 million was unsecured.
DLJ's exposure to emerging markets securities, the aggregate of its net
position for each country, was less than $100 million on September 30, 1998.
DLJ's net inventory of high-yield bonds, also as of September 30, 1998, was
less than $500 million. This inventory consisted of more than 100 different
issuers, with no single issue accounting for more than $25 million.
Donaldson, Lufkin & Jenrette will release its third-quarter earnings on or
about Tuesday, Octoer 13, 1998.
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