<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED STATEMENT OF FINANCIAL CONDITION OF PROGRESSIVE ASSET MANAGEMENT,
INC., AS OF JUNE 30, 2000, AS INCLUDED IN THIS FILING AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
<CURRENCY> US DOLLARS
<S> <C> <C>
<PERIOD-TYPE> YEAR YEAR
<FISCAL-YEAR-END> JUN-30-2000 JUN-30-1999
<PERIOD-START> JUL-01-1999 JUL-01-1998
<PERIOD-END> JUN-30-2000 JUN-30-1999
<EXCHANGE-RATE> 1 1
<CASH> 519,249 439,843
<SECURITIES> 0 0
<RECEIVABLES> 87,991 89,824
<ALLOWANCES> 0 0
<INVENTORY> 0 0
<CURRENT-ASSETS> 607,240 529,667
<PP&E> 15,659 10,341
<DEPRECIATION> (14,455) (10,723)
<TOTAL-ASSETS> 608,240 619,109
<CURRENT-LIABILITIES> 51,516 33,503
<BONDS> 0 0
591,591 645,092
25,000 0
<COMMON> 1,468,657 1,490,180
<OTHER-SE> 0 0
<TOTAL-LIABILITY-AND-EQUITY> 2,136,657 2,168,775
<SALES> 0 0
<TOTAL-REVENUES> 594,197 2,905,906
<CGS> 0 0
<TOTAL-COSTS> 442,367 3,510,272
<OTHER-EXPENSES> 0 0
<LOSS-PROVISION> 0 0
<INTEREST-EXPENSE> 0 0
<INCOME-PRETAX> 151,830 (604,366)
<INCOME-TAX> 1,600 1,600
<INCOME-CONTINUING> 150,230 (605,966)
<DISCONTINUED> 0 0
<EXTRAORDINARY> 0 0
<CHANGES> 0 0
<NET-INCOME> 150,230 (605,966)
<EPS-BASIC> .09 (0.35)
<EPS-DILUTED> .05 (0.35)
</TABLE>