<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
<PREFERRED-MANDATORY>                          591,591                 645,092
<PREFERRED>                                     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>