DONALDSON LUFKIN & JENRETTE INC /NY/
8-K, 1998-09-02
SECURITY & COMMODITY BROKERS, DEALERS, EXCHANGES & SERVICES
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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)             September 2, 1998



                     DONALDSON, LUFKIN & JENRETTE, INC.
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)



                               Delaware
         --------------------------------------------------------------
         (State or other jurisdiction of incorporation or organization)



                  1-6862                         13-1898818
         ------------------------            --------------------
         (Commission File Number)             (I.R.S. Employer
                                             (Identification No.)


       277 Park Avenue, New York, New York            10172
     ---------------------------------------        ----------
     (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

A press release dated September 2, 1998, issued by Donaldson, Lufkin
& Jenrette, Inc., is filed herewith as an exhibit concerning the financial
results for the first two months of its third quarter, which ends 
September 30, 1998. The information concerning the Company contained therein
is hereby incorporated in its entirety by reference.

(c)  Exhibit

     Exhibit 99.3       Press release dated September 2, 1998.








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                                SIGNATURE


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
                                        -----------------------
                                         Marjorie White
                                         Secretary



September 2, 1998









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                    [DONALDSON, LUFKIN & JENRETTE LETTERHEAD]




FOR IMMEDIATE RELEASE
                                              Investor Contact:
                                              Kevin Zuccala
                                              (212) 892-4693

                                              Media Contact:
                                              Leslie Thompson
                                              (212) 892-3555




                DLJ STATEMENT ON JULY-AUGUST RESULTS


NEW YORK, SEPTEMBER 2, 1998 - Donaldson, Lufkin & Jenrette, Inc. 
(NYSE:DLJ) said today that it has earned pre-tax income of approximately 
$40 million for the first two months of its third quarter, which ends
September 30, 1998. The results for the first two months of the quarter were
impacted by adverse trading conditions in the global marketplace and turmoil
in Russia.

     Donaldson, Lufkin & Jenrette is a leading integrated investment and
merchant bank serving institutional, corporate, government and individual
clients. DLJ's businesses include securities underwriting; sales and trading;
investment and merchant banking; financial advisory services; investment
research; venture capital; correspondent brokerage services; online, 
interactive brokerage services; and asset management. Founded in 1959 and
headquartered in New York City, DLJ employs approximately 8,000 people 
worldwide and maintains offices in 14 cities in the United States and 11 cities
in Europe, Latin America and Asia. The company's common stock trades on the
New York Stock Exchange under the ticker symbol DLJ. For more information on
Donaldson, Lufkin & Jenrette, refer to the company's world wide web site at
http://www.dlj.com.

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