PRICING SUPPLEMENT NO. 49 Rule 424(b)(3)
DATED: January 26, 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
Principal Amount: Floating Rate Notes Book Entry Notes
$50,000,000 [x] [x]
Original Issue Date: Fixed Rate Notes Certificated Notes
January 29, 1999 [_] [_]
Maturity Date: CUSIP#: 073928 GW 7
January 29, 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
Initial Interest Rate: ***
Index Maturity: One Month
Spread (plus or minus): +0.30%
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NYFS04...:\25\22625\0122\2041\SUP1279L.580
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* 2/26/99, 3/29/99, 4/29/99, 5/28/99, 6/29/99, 7/29/99, 8/31/99, 9/29/99,
10/29/99, 11/29/99, 12/29/99, 1/31/2000, 2/29/2000, 3/29/2000, 4/28/2000,
5/29/2000, 6/29/2000, 7/31/2000, 8/29/2000, 9/29/2000, 10/30/2000,
11/29/2000, 12/29/2000 and 1/29/2001.
** 2/26/99, 3/29/99, 4/29/99, 5/28/99, 6/29/99, 7/29/99, 8/31/99, 9/29/99,
10/29/99, 11/29/99, 12/29/99, 1/31/2000, 2/29/2000, 3/29/2000, 4/28/2000,
5/29/2000, 6/29/2000, 7/31/2000, 8/29/2000, 9/29/2000, 10/30/2000,
11/29/2000, 12/29/2000, 1/29/2001 and 2/29/2001.
*** The one-month LIBOR rate on January 27, 1999 plus 30 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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