PRICING SUPPLEMENT NO. 28 Rule 424(b)(3)
DATED: December 9, 1998 File No. 333-61437
(To Prospectus dated August 26, 1998
and Prospectus Supplement dated August 26, 1998)
$7,315,045,162
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
$13,400,000 [x] [x]
Original Issue Date: Fixed Rate Notes Certificated Notes
December 14, 1998 [_] [_]
Maturity Date: CUSIP#: 073928 FZ 1
December 14, 1999
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: Monthly
[_] LIBOR Reuters Interest Payment Date(s): **
[x] LIBOR Telerate
[_] Prime Rate Interest Payment Period: Monthly
[_] CMT Rate
Initial Interest Rate: ***
Index Maturity: One Month
Spread (plus or minus): +0.20%
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* 1/14/99, 2/15/99, 3/15/99, 4/14/99, 5/14/99, 6/14/99, 7/14/99, 8/16/99,
9/15/99, 10/14/99 and 11/15/99.
** 1/14/99, 2/15/99, 3/15/99, 4/14/99, 5/14/99, 6/14/99, 7/14/99, 8/16/99,
9/14/99, 10/14/99, 11/15/99 and 12/14/99.
*** The one-month LIBOR rate on December 10, 1998 plus 20 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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