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PRICING SUPPLEMENT NO. 71 Rule 424(b)(3)
DATED: June 5, 1997 File No. 333-17985
(To Prospectus dated January 22, 1997
and Prospectus Supplement dated January 22, 1997)
$5,434,620,162
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
$75,000,000 [x] [x]
Original Issue Date: Fixed Rate Notes Certificated Notes
6/10/97 [_] [_]
Maturity Date: 6/12/2000
Option to Extend Maturity: No [x]
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: Quarterly
[_] LIBOR Reuters Interest Payment Date(s): **
[_] LIBOR Telerate
[_] Prime Rate
[x] CMT Rate
Initial Interest Rate: *** Interest Payment Period: Quarterly
Index Maturity: Two Years
Spread (plus or minus): +.05%
- -------------------------
* The 12th of each September, December, March and June.
** The 12th of each September, December, March and June, commencing
September 12, 1997.
*** To be determined on June 9, 1997 using the two-year CMT Rate on
June 6, 1997, plus 5 basis points.
The distribution of Notes will conform to the requirements set forth
in Rule 2720 of the NASD Conduct Rules.
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