BEAR STEARNS COMPANIES INC
424B3, 1994-02-02
SECURITY BROKERS, DEALERS & FLOTATION COMPANIES
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PRICING SUPPLEMENT NO. 7                                     Rule 424(b)(3)
DATED:  February 2, 1994                                  File No. 33-51733
(To Prospectus dated January 7, 1994
and Prospectus Supplement dated January 7, 1994)


                               $1,500,945,000
                      THE BEAR STEARNS COMPANIES INC.
                        MEDIUM-TERM NOTES, SERIES B
          WITH MINIMUM MATURITY OF NINE MONTHS FROM DATE OF ISSUE

 Principal Amount:            Floating Rate Notes Book Entry Notes
 $56,000,000                  [_]                 [_]

 Original Issue Date: 2/4/94  Fixed Rate Notes    Certificated Notes
                              [_]                 [_]

 Maturity Date: 2/3/95

 Option to Extend Maturity:   No  [_]

                              Yes [_]   Final Maturity Date:

                                      Optional           Optional
                    Redemption        Repayment          Repayment
 Redeemable On      Price(s)          Date(s)            Price(s)
 -------------      --------          -------            --------
 N/A                N/A               N/A                N/A

Applicable Only to Fixed Rate Notes:
- -----------------------------------
Interest Rate:  

Applicable Only to Floating Rate Notes:
- --------------------------------------

 Interest Rate Basis:                  Maximum Interest Rate: N/A

 [_]  Commercial Paper Rate            Minimum Interest Rate: N/A

 [_]  Federal Funds Rate               Interest Reset Date(s): *

 [_]  Treasury Rate                    Interest Reset Period: Monthly

 [x]  LIBOR                            Interest Payment Date(s): **

 [_]   Prime Rate                      Interest Payment Period: Monthly

 Initial Interest Rate: 3.2875%

 Index Maturity:  One Month

 Spread (plus or minus): +.10%
                         
- -------------------------
*    3/3/94, 4/4/94, 5/3/94, 6/3/94, 7/5/94, 8/3/94, 9/6/94, 10/3/94,
     11/3/94, 12/5/94 and 1/3/95.

**   3/3/94, 4/4/94, 5/3/94, 6/3/94, 7/5/94, 8/3/94, 9/6/94, 10/3/94,
     11/3/94, 12/5/94, 1/3/95 and 2/3/95.

The distribution of Notes will conform to the requirements set forth in the
applicable sections of Schedule E to the By-laws of the National
Association of Securities Dealers, Inc.



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