X0202 4 2005-01-18 0 0001084580 JEFFERIES GROUP INC /DE/ JEF 0001230923 SCHENK JOSEPH A C/O JEFFERIES & COMPANY, INC. 520 MADISON AVE. 12TH FL. NEW YORK NY 10022 0 1 0 0 Exec. VP and CFO Common Stock 2005-01-18 4 A 0 15988.1225 40.16 A 211825 D Acquisition of restricted stock units under the Jefferies Group, Inc. 2003 Incentive Compensation Plan in lieu of cash compensation in a transaction exempt under Rule 16b-3(d) under the Securities Exchange Act of 1934. Does not include 1,568 shares indirectly held by the Reporting Person by the Trustee of the Jefferies Group, Inc. Employees' Stock Ownership Plan for the benefit of the Reporting Person, and does not include 9,841 shares indirectly held by the Reporting Person by the Trustee under the Jefferies Group, Inc. Profit Sharing Plan for the benefit of the Reporting Person, and does not include 60 shares indirectly held by the Reporting Person as custodian for his children's accounts. /s/ Roland T. Kelly, by Power of Attorney 2005-01-20