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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 5
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
[_] Check box if no longer subject to Section 16. Form 4 or 5 obligations
may continue. See Instruction 1(b).
[_] Form 3 Holdings Reported
[_] Form 4 Transactions Reported
______________________________________________________________________________
1. Name and Address of Reporting Person*
Hughes Edward
______________________________________________________________________________
(Last) (First) (Middle)
225 Franklin Street, 20th Floor
______________________________________________________________________________
(Street)
Boston MA 02110
______________________________________________________________________________
(City) (State) (Zip)
______________________________________________________________________________
2. Issuer Name and Ticker or Trading Symbol
Fechtor, Detwiler, Mitchell & Co. (Nasdaq: FEDM)
______________________________________________________________________________
3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
______________________________________________________________________________
4. Statement for Month/Year
12/31/1999
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
[X] Director [_] 10% Owner
[X] Officer (give title below) [_] Other (specify below)
Chief Operating Officer
______________________________________________________________________________
7. Individual or Joint/Group Filing (Check applicable line)
[X] Form filed by 1 Reporting Person
[_] Form filed by more than 1 Reporting Person
______________________________________________________________________________
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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<TABLE>
<CAPTION>
5. 6.
4. Amount of Owner-
Securities Acquired (A) or Securities ship
Disposed of (D) Beneficially Form: 7.
(Instr. 3, 4 and 5) Owned at End Direct Nature of
2. 3. -------------------------- of Issuer's (D) or Indirect
1. Transaction Transaction (A) Price Fiscal Year Indirect Beneficial
Title of Security Date Code Amount or (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) (Instr. 8) (D) and 4) (Instr. 4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
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- -----------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------
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</TABLE>
* If the form is filed by more than one Reporting Person, see Instruction
4(b) (v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Print or Type Responses)
(Over)
(Form 5-07/98)
<PAGE>
FORM 5 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
=============================================================================
<TABLE> 10.
<CAPTION> 9. Owner-
Number ship
of Form
2. Deriv- of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
or Derivative 6. of Underlying 8. ities Secur- of
Exer- Securities Date Securities Price Bene- ity: In-
cise 3. Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price Trans- 4. or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
1. of action Trans- (D) (Month/Day/Year) Amount ative at End In- ficial
Title of Deriv- Date action (Instr. 3, ---------------- or Secur- of direct Owner-
Derivative ative (Month/ Code 4 and 5) Date Expira- Number ity Year (I) ship
Security Secur- Day/ (Instr. ------------- Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) 8) (A) (D) cisable Date Title Shares 5) 4) 4) 4)
- ---------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Incentive $0.969 12/13/99 A 100,000 12/13/ 12/13/ Common 100,000 $0.969 100,000 D
Stock 2000* 2004 Stock
Option
(right to
buy)
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=====================================================================================================================
</TABLE>
Explanation of Responses: * Represents grant of option to buy 100,000 shares
of Fechtor, Detwiler, Mitchell & Co. common stock under the 1993 JMC Group,
Inc. Executive Stock Option Plan at a price of $0.969 per share. The shares
are exercisable in approximately three equal parts each year beginning
12/13/2000.
/s/ Edward Hughes 2/11/2000
- --------------------------------------------- ---------------------
**Signature of Reporting Person Date
** Intentional misstatements or omissions of facts constitute Federal
Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.
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