<ARTICLE> BD
<LEGEND>
THE SCHEDULE CONTAINS CERTAIN SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
COMPANY'S JUNE 30, 2000 CONDENSED CONSOLIDATED FINANCIAL STATEMENTS INCLUDED
HEREIN AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.

<MULTIPLIER> 1,000,000

                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-2000
<PERIOD-END>                               JUN-30-2000
<CASH>                                           4,051
<RECEIVABLES>                                   32,888
<SECURITIES-RESALE>                             74,147
<SECURITIES-BORROWED>                           42,040
<INSTRUMENTS-OWNED>                             94,967
<PP&E>                                           1,091
<TOTAL-ASSETS>                                 256,094
<SHORT-TERM>                                    22,400
<PAYABLES>                                      31,496
<REPOS-SOLD>                                   102,841
<SECURITIES-LOANED>                             16,547
<INSTRUMENTS-SOLD>                              51,864
<LONG-TERM>                                     19,925
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                             0
<OTHER-SE>                                      10,276
<TOTAL-LIABILITY-AND-EQUITY>                   256,094
<TRADING-REVENUE>                                1,503
<INTEREST-DIVIDENDS>                             7,262
<COMMISSIONS>                                    2,333
<INVESTMENT-BANKING-REVENUES>                    1,747
<FEE-REVENUE>                                    1,598
<INTEREST-EXPENSE>                               6,410
<COMPENSATION>                                   4,138
<INCOME-PRETAX>                                  2,557
<INCOME-PRE-EXTRAORDINARY>                       1,646
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     1,646
<EPS-BASIC>                                          0
<EPS-DILUTED>                                        0