<PAGE>
WEIL, GOTSHAL & MANGES LLP
A Limited Liability Partnership Including Professional Corporations
767 Fifth Avenue New York, NY 10153-0119
(212) 310-8000
Fax: (212) 310-8007
Writer's Direct Line
(212) 310-8242 September 11, 1996
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: The Bear Stearns Companies Inc.
$4,954,795,162 Medium Term Notes, Series B
(Registration No. 333-03685)
-------------------------------------------
Gentlemen:
On behalf of our client, The Bear Stearns Companies Inc., we
are transmitting herewith, for filing pursuant to Rule 424(b)(3) under
the Securities Act of 1933, as amended, Pricing Supplement No. 62,
dated September 10, 1996 to the Prospectus, dated May 23, 1996, as
supplemented by a Prospectus Supplement, dated May 23, 1996, relating
to the above-referenced securities.
Very truly yours,
/S/ ALEXANDER S. BERMAN
Alexander S. Berman
Enclosures
NYFS04...:\25\22625\0122\1773\TRA8096K.46R
