<TABLE> <S> <C>
<ARTICLE> BD<F1>
<MULTIPLIER> 1,000,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-24-2000
<PERIOD-START> NOV-29-1999<F2>
<PERIOD-END> MAY-26-2000
<CASH> 19,486<F3>
<RECEIVABLES> 30,575
<SECURITIES-RESALE> 31,606
<SECURITIES-BORROWED> 92,699
<INSTRUMENTS-OWNED> 97,726
<PP&E> 1,529<F4>
<TOTAL-ASSETS> 278,319
<SHORT-TERM> 44,801
<PAYABLES> 64,929
<REPOS-SOLD> 35,114
<SECURITIES-LOANED> 10,957
<INSTRUMENTS-SOLD> 77,118
<LONG-TERM> 24,734
0
0
<COMMON> 4
<OTHER-SE> 11,901
<TOTAL-LIABILITY-AND-EQUITY> 278,319
<TRADING-REVENUE> 3,431<F5>
<INTEREST-DIVIDENDS> 8,028
<COMMISSIONS> 1,181<F6>
<INVESTMENT-BANKING-REVENUES> 2,815
<FEE-REVENUE> 705<F6>
<INTEREST-EXPENSE> 7,512
<COMPENSATION> 4,536<F7>
<INCOME-PRETAX> 2,737
<INCOME-PRE-EXTRAORDINARY> 2,737
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 1,642
<EPS-BASIC> 3.39
<EPS-DILUTED> 3.23
<FN>
<F1>The amounts disclosed in the financial data summary should be read in
conjunction with the condensed consolidated financial statements and the notes
thereto.
<F2>Represents the first Monday of the period.
<F3>Includes cash and cash equivalents and cash and securities segregated in
compliance with U.S. federal and other regulations as disclosed on the
condensed consolidated statement of financial condition.
<F4>Included in other assets on the condensed consolidated statement of financial
condition.
<F5>Includes revenues from principal investments, which mainly represents revenues
from the firm's merchant banking investments.
<F6>Included in revenues from asset management and securities services on the
consolidated statement of earnings.
<F7>Includes amortization of employee initial public offering awards.
</FN>
</TABLE>
