BEAR STEARNS COMPANIES INC
424B3, 1999-06-08
SECURITY BROKERS, DEALERS & FLOTATION COMPANIES
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Pricing Supplement No. 99                                         Rule 424(b)(3)
Dated: June 7, 1999                                           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

<TABLE>
<S>                                                 <C>                                 <C>
Principal Amount:  $3,000,000                        Floating Rate Notes [x]             Book Entry Notes [x]
Original Issue Date:                                 Fixed Rate Notes [_]                Certificated Notes [_]
June 10, 1999

Maturity Date:                                       CUSIP#: 073928 JY 0
June 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: Monthly

[_]        LIBOR Reuters                                              Interest Payment Date(s): **

[X]        LIBOR Telerate

[_]        Prime Rate                                                 Interest Payment Period: Monthly

[_]        CMT Rate

</TABLE>

Initial Interest Rate: ***

 Index Maturity:  One Month
 Spread (plus or minus): +0.00%


        *       7/12/99, 8/10/99, 9/10/99, 10/11/99, 11/10/99, 12/10/99,
                1/10/2000, 2/10/2000, 3/10/2000, 4/10/2000 and 5/10/2000.

        **      7/12/99, 8/10/99, 9/10/99, 10/11/99, 11/10/99, 12/10/99,
                1/10,2000, 2/10/2000, 3/10/2000, 4/10/2000, 5/10/2000 and
                6/12/2000

        ***     The one-month LIBOR rate on June 8 1999 plus 0 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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