Pricing Supplement No. 89 Rule 424(b)(3)
Dated: May 18, 1999 File No. 333-61437
(To Prospectus dated August 26, 1998 and
Prospectus Supplement dated August 26,
$7,315,045,162
THE BEAR STEARNS COMPANIES INC.
MEDIUM-TERM NOTES, SERIES B
WITH MINIMUM MATURITY OF NINE MONTHS FROM DATE OF ISSUE
<TABLE>
<S> <C> <C>
Principal Amount: $50,000,000 Floating Rate Notes [x] Book Entry Notes [x]
Original Issue Date: Fixed Rate Notes [_] Certificated Notes [_]
May 20, 1999
Maturity Date: CUSIP#: 073928 JN 4
May 18, 2001
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
</TABLE>
Initial Interest Rate: 5.07125%
Index Maturity: One Month
Spread (plus or minus): +0.
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NY2:\445223\01\9JJB01!.DOC\22625.0122
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* 6/18/99, 7/19/99, 8/18/99, 9/20/99, 10/18/99, 10/18/99, 12/20/99, 1/18/00,
2/18/00, 3/20/00 , 4/18/00, 5/18/00, 6/19/00, 7/18/00, 8/18/00, 9/18/00,
10/18/00, 11/20/00, 12/18/00, 1/18/01, 2/18/01, 3/18/01 and 4/18/01.
** 6/18/99, 7/19/99, 8/18/99, 9/20/99, 10/18/99, 10/18/99, 12/20/99, 1/18/00,
2/18/00, 3/20/00 , 4/18/00, 5/18/00, 6/19/00, 7/18/00, 8/18/00, 9/18/00,
10/18/00, 11/20/00, 12/18/00, 1/18/01, 2/18/01, 3/18/01, 4/18/01 and 5/18/01.
The distribution of Notes will conform to the requirements set forth in Rule
2720 of the NASD Conduct Rules.
