SCHEDULE 13G
Amendment No. 1
Bear Stearns Cos. Inc.
Common Stock $1 par value
Cusip # 073-902-10-8
Item 1: Reporting Person
Tiger Management L.L.C.
Item 4: Delaware
Item 5: -0-
Item 6: 4,342,000
Item 7: -0-
Item 8: 4,342,000
Item 9: 4,342,000
Item 11: 2.9%
Item 12: IA
Cusip #: 073902-10-8
Item 1: Reporting Person
Tiger Performance L.L.C.
Item 4: Delaware
Item 5: -0-
Item 6: 2,599,200
Item 7: -0-
Item 8: 2,599,200
Item 9: 2,599,200
Item 11: 1.7%
Item 12: IA
Cusip Number: 073-902-108
Item 1: Reporting Person
Julian H. Robertson, Jr.
Item 4: U.S
Item 5: -0-
Item 6: 6,941,200
Item 7: -0-
Item 8: 6,941,200
Item 9: 6,941,200
Item 11: 4.6%
Item 12: IN
Item 1(a) Bear Stearns & Co.
Item 1(b) 245 Park Avenue,
New York, N.Y. 10167
Item 2(a) This statement is
filed on behalf of Tiger
Management L.L.C.("TMLLC ")
and Tiger Performance L.L.C.
("TPLLC").
Julian H. Robertson, Jr. is
the ultimate controlling
person of TMLLC and TPLLC.
Item 2(b) The address of
each reporting person is 101
Park Avenue, New York, NY
10178
Item 2(c) Incorporated by
reference to item (4) of the
cover page pertaining to
each reporting person.
Item 2(d) Common Stock $1
par value
Item 2(e) 073902-10-8
Item 3 TMLLC and TPLLC are
investment advisers
registered under Section 203
of the Investment Advisers
Act of 1940.
Item 4 Ownership is
incorporated by reference to
items (5)- (9) and
(11) of the cover page
pertaining to each reporting
person.
Item 5. The reporting
persons have ceased to be
the beneficial owners of
more than five percent of
the class.
Item 6. Not applicable
Item 7. Not applicable
Item 8. Not applicable
Item 9. Not applicable
Item 10. By signing below, I
certify that, to the best of
my knowledge and belief, the
securities referred to above
were acquired in the
ordinary course of business
and were not acquired for
the purpose of and do not
have the effect of changing
or influencing the control
of the issuer of such
securities and were not
acquired in connection with
or as a participant in any
transaction having such
purpose or effect.
After reasonable inquiry and
to the best of my knowledge
and belief, I certify that
the information set forth in
this statement is true,
complete and correct.
February 12, 1999
TIGER MANAGEMENT L.L.C.
/s/ Nolan Altman,
Chief Financial Officer
TIGER PERFORMANCE L.L.C.
/s/ Nolan Altman,
Chief Financial Officer
JULIAN H. ROBERTSON, JR. By:
/s/ Nolan Altman Under Power
of Attorney dated 1/27/95 On
File with Schedule 13G for
Kohl's Corp. 2/7/95
AGREEMENT
The undersigned agree that
this Amendment No. 1 to
Schedule 13G dated February
12, 1999 relating to shares
of common stock of Bear
Stearns Cos. Inc. shall be
filed on behalf of each of
the undersigned.
TIGER MANAGEMENT L.L.C.
/s/ Nolan Altman,
Chief Financial Officer
TIGER PERFORMANCE L.L.C.
/s/ Nolan Altman,
Chief Financial Officer
JULIAN H. ROBERTSON, JR. By:
/s/ Nolan Altman Under Power
of Attorney dated 1/27/95 On
File with Schedule 13G
for
Kohl's Corp. 2/7/95
