|SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
FORM 10-Q                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
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|QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the Quarter Ended April 29, 2000
Commission File Number1-9659THE NEIMAN MARCUS GROUP, INC.(Exact name of registrant as specified in its charter) Delaware                             
        95-4119509(State or other jurisdiction of                         (I.R.S. Employer
incorporation or organization)                       Identification No.)27 Boylston Street, Chestnut Hill, MA                                   02467(Address of principal executive offices)                           (Zip Code)(617) 232-0760
  (Registrant's telephone number, including area code)
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file
such reports), and (2) has been subject to such filing requirements for the past 90 days.
YES X     NO 
As of June 5, 2000, the number of outstanding shares of each of the issuer's classes of common stock was:Class                                        
 Outstanding Shares
Class A Common Stock, $.01 Par Value                   27,485,638
Class B Common Stock, $.01 Par Value                   19,952,432



|THE NEIMAN MARCUS GROUP, INC.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
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|I N D E X                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|Part I.     Financial Information                               
        Page
                                          
                            Number
  Item 1.   Condensed Consolidated Balance Sheets as of April 29,
             2000, July 31, 1999 and May 1, 1999                        
 1
            Condensed Consolidated Statements of Earnings for the
             Thirty-Nine and Thirteen Weeks ended April 29, 2000 and
             May 1, 1999                           
                      2
            Condensed Consolidated Statements of Cash Flows for the
             Thirty-Nine Weeks ended April 29, 2000 and May 1, 1999      3
            Notes to Condensed Consolidated Financial Statements       4-6
Item 2.     Management's Discussion and Analysis of Financial
             Condition and Results of Operations                       7-9
Part II.    Other Information
Item 6.     Exhibits and Reports on Form 8-K10
Signatures                                         
                     11

|THE NEIMAN MARCUS GROUP, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(UNAUDITED)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
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|(In thousands) 
                                          
   April 29,    July 31,     May 1,
                                          
  2000   1999   1999
                                          
             (Restated)  (Restated)Assets
Current assets:
  Cash and equivalents                     $   54,025$    29,191 $   39,592
  Undivided interests in NMG
    Credit Card Master Trust                  333,823      133,151    185,268

  Accounts receivable, net                     72,944       59,317     
63,535
  Merchandise inventories                     622,871      545,252    587,629
  Deferred income taxes                        15,255       15,255  
   24,058
  Other current assets                     36,404  53,102 43,887
    Total current assets                    1,135,322      835,268    943,969

Property and equipment, net                   524,291      513,439    506,409
Other assets: 
  Goodwill and other intangible
    assets, net                               130,223   
   134,853    136,225
  Other                                   23,898  28,730 17,021
    Total other assets                    154,121  163,583 153,246
    Total assets                          $ 1,813,734  $ 1,512,290
 $1,603,624                                          
   Liabilities and Shareholders' Equity
Current liabilities:
  Notes payable and current maturities
    of long-term liabilities              $     3,120  $       921 $  
 13,132
  Accounts payable                            260,605      
203,071    176,378
  Accrued liabilities                     228,328  176,188 
239,446    Total current liabilities                 492,053      380,180    428,956Long-term liabilities:  Notes and debentures                        379,657      274,640  
  319,634  Other long-term liabilities                  72,642       74,664     70,854  Deferred income taxes                   32,038  32,038 37,139    Total long-term liabilities           484,337  381,342 427,627Minority interest                               8,326      
  4,485      3,578Shareholders' equity:Common stock                                      
480          490        491Additional paid-in capital                    426,149      467,283    466,697Retained earnings                         402,389  278,510 276,275     Total shareholders' equity           829,018  746,283 743,46
3Total liabilities and shareholders'
 equity                                   $ 1,813,734  
$ 1,512,290 $1,603,624                                          
   
See Notes to Condensed Consolidated Financial Statements.



|THE NEIMAN MARCUS GROUP, INC.
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS 
(UNAUDITED)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
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|(In thousands except for     Thirty-Nine Weeks Ended   Thirteen Weeks Ended
  per share amounts)            April 29,      May 1,  April 29,      May 1,
                             2000   1999   2000   1999
                                          
(Restated)              (Restated)
Revenues                     $ 2,262,240  $1,988,026  $694,291 $611,759
Cost of goods sold including 
  buying and  occupancy costs  1,464,862   1,327,058     437,582     396,416
Selling, general and 
  administrative expenses        561,302     478,174     172,545     145,193
Corporate expenses           12,169   10,538  4,402   3,565
Operating earnings               223,907     172,256      79,762      66,585
Interest expense             (17,827)  (19,185)  (5,038)  (6,050)
Earnings before income taxes and 
  minority interest              206,080     153,071      74,724      60,535
Income taxes                 (78,310)  (59,698)  (28,395)  (23,609)
Earnings before minority
  interest                       127,770      93,373      46,329 
     36,926
Minority interest in net earnings 
  of subsidiaries            (3,891) (756)  (1,149)  
;(1,088)
Net earnings                 $   123,879  $   92,617   $  45,180   
;$  35,838
                              
       
Weighted average number of common and 
  common equivalent shares outstanding: 
  Basic                      48,695  49,159   47,908    49,012                               
         Diluted                    48,907  49,263   48,130    49,117                               
       Earnings per share:
  Basic                      $     2.54  $     1.88 
  $     .94    $     .73                               
       
  Diluted                    $     2.53  $     1.88   $     .94    $     .73
|See Notes to Condensed Consolidated Financial Statements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               





|THE NEIMAN MARCUS GROUP, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(UNAUDITED)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
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|(In thousands)                                 
  Thirty-Nine Weeks Ended
                                          
            April 29,May 1,
                                          
       2000    1999
                                          
                         (Restated)
CASH FLOWS FROM OPERATING ACTIVITIES
Net earnings                                     $  
  123,879    $    92,617
Adjustments to reconcile net earnings 
  to net cash provided by operating activities:
Depreciation and amortization                          54,142         
49,955
Minority interest                                       
3,891            756
Other                                         
          7,056          5,405
Changes in current assets and liabilities:
  Accounts receivable                                 (13,627)  
      (6,217)
  Merchandise inventories                             (77,619)     
  (70,219)
  Other current assets                                 16,698 
        17,366
  Accounts payable                                     
57,534        (28,811)
  Accrued liabilities                            52,569
    47,434
Net cash provided by operating activities        224,523    108,286
CASH FLOWS FROM INVESTING ACTIVITIES
  Capital expenditures                                (60,364)   
    (69,778)
  Acquisitions, net of cash acquired                        -       
 (36,754)
  Purchases of held-to-maturity securities           (709,170)      (540,889)
  Maturities of held-to-maturity securities      658,498    494,488Net cash used for investing activities           (111,036)   (152,933)
CASH FLOWS FROM FINANCING ACTIVITIES
  Proceeds from borrowings                             107,150    
    42,200
  Repurchase of common stock                           (44,611)     
 (15,356)
  Distributions paid                                    
(2,435)            - 
  Repayment of receivables securitization             (150,000)            -
  Other financing activities                      1,243    
;751
Net cash (used for) provided by financing 
  activities                                     (88,653)   27,595 
CASH AND EQUIVALENTS
  Increase (decrease) during the period                24,834        (17,052)
  Beginning balance                              29,191    56,644
  Ending balance                                 $   
  54,025    $    39,592
                                          
           
See Notes to Condensed Consolidated Financial Statements.



|THE NEIMAN MARCUS GROUP, INC.
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 
(UNAUDITED)                                                                                                                                                                                                                                                                                                                                                                                                                         
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|1.  Basis of presentation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|The Condensed Consolidated Financial Statements of The Neiman Marcus Group, Inc. (the Company) are submitted in response to the requirements of Form 10-Q and should be read in conjunction with the Consolidated Financial
Statements included in the Company's Annual Report on Form 10-K.  In the opinion of management, these statements contain all adjustments, consisting only of normal recurring accruals, necessary for a fair presentation of the results for the interim periods                            
|Certain reclassifications and restatements have been made to the fiscal 1999 financial statements to conform to the fiscal 2000 presentation.                                                                                                                                                                                                                                                                                                                                                                           
|2.  Merchandise inventories                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|During the thirteen weeks ended October 30, 1999, the Company changed its method of determining the cost of inventories from the last-in, first-out (LIFO) method to the first-in, first-out (FIFO) method.  Management
believes that the FIFO method better measures the current value of such inventories and provides a more appropriate matching of revenues and expenses.  Under the current low-inflationary environment, the use of the FIFO method more accurately reflects the
Compa                           
|The change to the FIFO method has been applied by retroactively restating the accompanying condensed consolidated financial statements.  The effect of this change was to increase merchandise inventories, accrued
liabilities and retained earnings by $17.6 million, $7.0 million and $10.6 million, respectively, as of May 1, 1999, and to increase merchandise inventories and retained earnings by $16.8 million and $10.1 million, respectively, and to decrease the
deferred tax ass                           
|3.  Earnings per share                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|Pursuant to the provisions of Statement of Financial Accounting Standards No. 128, "Earnings per Share," the weighted average shares used in computing basic and diluted earnings per share (EPS) are as presented
in the table below.  No adjustments were made to net earnings for the computations of basic and diluted EPS during the periods presented.                                                                                                                                                            
|Options to purchase 971,850 shares of common stock were not included in the computation of diluted EPS for both the thirty-nine and thirteen weeks ended April 29, 2000, because the exercise price of those options was
greater than the average market price of the common shares.  Options to purchase 844,960 shares and 404,960 shares of common stock were not included in the computation of diluted EPS for the thirty-nine and thirteen weeks ended May 1, 1999, respectively,
becau                           
|Thirty-Nine Weeks Ended  
  Thirteen Weeks Ended(In thousands of shares)      April 29,       May 1,     April 29,    May 1,                              2000    1999     2000  1999Shares for computation Of basic EPS                     48,695      49,159        
47,908     49,012Effect of dilutive stock options and nonvested stock 
 under common stock
 incentive plans               212    104     
 222   105Shares for computation
 Of diluted EPS                48,907    49,263      48,13
0   49,117





|THE NEIMAN MARCUS GROUP, INC.
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(UNAUDITED)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
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|4.  Authorized Capital                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|On September 15, 1999, shareholders of the Company approved a proposal
to amend the Company's Restated Certificate of Incorporation to 
increase the Company's authorized capital to 250 million shares of
common stock (consisting of 100 million shares of Class A Common Stock,
100 million shares of Class B Common Stock and 50 million shares of a
new Class C Common Stock (having one-tenth (1/10) of one vote per share)
and 50 million shares of preferred stock.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|5.  Spin-off from Harcourt General, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|On October 22, 1999, Harcourt General, Inc.  (Harcourt General) 
completed the spin-off of its controlling equity position in the 
Company in a tax-free distribution to its shareholders.  Harcourt 
General distributed approximately 21.4 million of its approximately
26.4 million shares of the Company.  Harcourt General retained
approximately 5.0 million shares.
Each common shareholder of Harcourt General received .3013 of a share
of Class B Common Stock of the Company for every share of Harcourt 
General Common Stock and Class B Stock held on October 12, 1999, 
which was the record date for the distribution.  The Company and 
Harcourt General are parties to various agreements which govern
their ongoing relationship.                                                                                                                                                                                                                                                                                                                    
|6.  Operating Segments                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|The Company has two reportable business segments: specialty retail
stores and direct marketing.  The specialty retail stores segment
includes all the operations of Neiman Marcus Stores and Bergdorf
Goodman.  Direct marketing includes the operations of NM Direct,
which publishes NM by Mail, the Horchow catalogues, Chef's Catalog
and the Neiman Marcus Christmas Catalogue.  Other includes 
unallocated corporate expenses, costs incurred to launch the
Company's e-commerce business and operations which do not meet
the quantitative thresholds of Statement of Accounting Standards
No. 131, "Disclosures about Segments of an Enterprise and Related
Information."
The Company's senior management evaluates the performance of the
Company's assets on a consolidated basis.  Therefore, separate
financial information for the Company's assets on a segment basis
is not presented.  Interest expense is not allocated by segment.
The following tables set forth the information for the Company's
reportable segments:                             
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|(In thousands)           Thirty-Nine Weeks   Thirty-Nine Weeks   Thirteen Weeks  Thirteen Weeks
                           Ended April 29,         Ended May 1,  
Ended April 29,    Ended May 1,
                        2000  
1999  2000 &n

REVENUES:
Specialty Retail Stores $         1,926,128 $        1,721,819  $       591,436   $ 
    525,081
Direct Marketing                    286,430             253,000   
        85,202         74,620
Other                    49,682  13,207  17,653  12,058
Total                    $        2,262,240  $        
1,988,026  $       694,291  $     611,759                              &

OPERATING EARNINGS:
Specialty Retail Stores $          220,467   $         168,513  $        
80,627   $      62,186
Direct Marketing                    19,613              11,744   
         7,066           4,893
Other                    (16,173)   (8,001)  (7,931)  (494)
Total                    $         223,907    $     
   172,256   $       79,762   $      66,585                                &
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|THE NEIMAN MARCUS GROUP, INC.
 NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(UNAUDITED)                                                                                                                                                                                                                                                                                                                                                              
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|7.  Stockholder Rights Plan                                                                                                                                                                                                                                                                                                                                                                                                                                  
|On October 6, 1999, the Company's Board of Directors adopted a stockholder rights plan.  The rights plan is designed to improve the ability of the Company's board to protect and advance the interests of the Company's
stockholders in the event of an unsolicited proposal to acquire a significant interest in the Company.                                                                                                                              
|8.  Stock Repurchase Program                                                                                                                                                                                                                                                                                                                                                                                                                                 
|In October 1999, the Company's Board of Directors authorized an increase in the stock repurchase program to two million shares.  On April 11, 2000, the Company's Board of Directors authorized the repurchase of an
additional two million shares.  During the thirty-nine weeks ended April 29, 2000, the Company repurchased 1,858,600 shares at an average price of $24.00 per share; 2,141,400 shares were remaining under the stock repurchase program.
|9.  Recent Accounting Developments                                                                                                                                                                                                                                                                                                                                                                                                                           
|In December 1999, the Securities and Exchange Commission issued Staff Accounting Bulletin No. 101 (SAB 101), "Revenue Recognition in Financial Statements," to clarify the revenue recognition rules for certain types of
transactions.  The Company is currently evaluating the effect of implementing SAB 101, which is required to be adopted in the first quarter of fiscal 2001.                                                                        





|THE NEIMAN MARCUS GROUP, INC.
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
CONDITION AND RESULTS OF OPERATIONS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
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|Results of Operations for the Thirty-Nine Weeks Ended April 29, 2000 Compared with the Thirty-Nine Weeks Ended May 1, 1999                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|Revenues in the thirty-nine weeks ended April 29, 2000 increased $274.2 million or 13.8% over revenues in the thirty-nine weeks ended May 1, 1999.  The increase in revenues was primarily attributable to
comparable sales growth in both the specialty retail store and direct marketing segments.  Specialty retail stores revenues in the thirty-nine weeks ended April 29, 2000 increased $204.3 million or 11.9% over the prior year.  Direct marketing revenues in th
e
ed April 29, 2000 increased $33.4 million or 13.2% over the prior year.  Total comparable sales for the Company increased 11.5%. Comparable sales increased 10.9% in the specialty retail store segment and 13.2% in the direct marketing segment.
|Cost of goods sold including buying and occupancy costs increased $137.8 million or 10.4% to $1.46 billion compared to the same period last year, primarily due to increased sales.  As a percentage of
revenues, cost of goods sold decreased to 64.8% from 66.8% in the prior year, due primarily to higher comparable sales, lower markdowns, higher markups on goods sold and, to a lesser extent, proportionately lower buying and occupancy costs.                                                                                                                                                                                                                                                                         
|Selling, general and administrative expenses increased $83.1 million or 17.4% to $561.3 million.  As a percentage of revenues, selling, general and administrative expenses increased to 24.8% from 24.1% in
the prior year, primarily attributable to expenses incurred to launch the Company's new e-commerce business.                                                                                                                                                                                                                                                                                                                                                                                                        
|Interest expense decreased 7.1% to $17.8 million in the thirty-nine weeks ended April 29, 2000 from $19.2 million in the prior year.  The decrease resulted primarily from lower average outstanding borrowings during the
period, offset in part by a higher effective interest rate.                                                                                                                                                                                                                                                                                                                                                                                                                                           
|The Company's effective income tax rate was 38% in the thirty-nine weeks ended April 29, 2000, as compared to 39% in the thirty-nine weeks ended May 1, 1999.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|Results of Operations for the Thirteen Weeks Ended April 29, 2000 Compared with the Thirteen Weeks Ended May 1, 1999                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|Revenues in the thirteen weeks ended April 29, 2000 increased $82.5 million or 13.5% over revenues in the thirteen weeks ended May 1, 1999.  The increase in revenues was primarily attributable to
comparable sales growth in both the specialty retail store and direct marketing segments.  Specialty retail store revenues in the thirteen weeks ended April 29, 2000 increased $66.4 million or 12.6% over the prior year.  Direct marketing revenues in the
thirteen we                                                                                                                                                                                                                                                    
|Costs of goods sold including buying and occupancy costs increased 10.4% to $437.6 million in the thirteen week period ended April 29, 2000 compared to the same period last year, primarily due to
increased sales and lower markdowns.  As a percentage of revenues, cost of goods sold decreased to 63.0% from 64.8% in the prior year, primarily due to lower markdowns.                                                                                                                                                                                                                                                                                                                                                     
|Selling, general and administrative expenses increased 18.8% to $172.5 million from $145.2 million in the prior year, primarily due to higher sales volume.  As a percentage of revenues, selling, general
and administrative expenses increased to 24.9% from 23.7% from the prior year, principally reflecting expenses incurred to launch the Company's new e-commerce business.                                                                                                                                                                                                                                                                                                                                              
|Interest expense decreased 16.7% to $5.0 million in the thirteen weeks ended April 29, 2000.  The decrease resulted primarily from lower average outstanding borrowings during the period, offset in part by
a higher effective interest rate.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|The Company's effective income tax rate was 38% in the thirteen weeks ended April 29, 2000, as compared to 39% in the thirteen weeks ended May 1, 1999.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          







|THE NEIMAN MARCUS GROUP, INC.
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
CONDITION AND RESULTS OF OPERATIONS                                                                                                                                                                                                                                                                                                                                                          
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|                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|Changes in Financial Condition and Liquidity Since July 31, 1999                                                                                                                                                                                                                                                                                                                                                                                                             
|During the thirty-nine weeks ended April 29, 2000, the Company financed its working capital needs and capital expenditures primarily with cash from operations and borrowings under its revolving credit
facility.  The following discussion analyzes liquidity and capital resources by operating, investing and financing activities as presented in the Company's Condensed Consolidated Statements of Cash Flows.                                                        
|Net cash provided by operating activities was $224.5 million during the first thirty-nine weeks of fiscal 2000 as compared to $108.3 million in the prior year period.  The most significant item affecting
working capital in the current period was an increase in merchandise inventories of $77.6 million offset in part by an increase in accounts payable of $57.5 million and accrued liabilities of $52.6 million.                                                   
|Capital expenditures were $60.4 million during the thirty-nine week period ended April 29, 2000 as compared to $69.8 million in the prior year period.  Capital expenditures were primarily related to
existing store renovations, including remodeling at Bergdorf Goodman's main store.  Capital expenditures are expected to approximate $100.0 million during fiscal 2000.                                                                                               
|The Company has increased its bank borrowings by $107.2 million since July 31, 1999.  At April 29, 2000 the Company had $320 million available under its revolving credit facility.  In September 1999 the
Company reduced the revolving credit facility from $650 million to $450 million to reflect its current and anticipated cash flow requirements.                                                                                                                    
|The Company's five year revolving securitization of its accounts receivable matures in fiscal 2000.  In the thirty-nine weeks ended April 29, 2000, the Company used proceeds from its credit facility to
repay $150.0 million of the $246 million of certificates sold to third parties under the securitization.  The Company will repay $37.5 million to third parties each month for two successive months with a final payment of $21.0 million in July 2000.  The
Compa
|In October 1999, the Company's Board of Directors authorized an increase in the stock repurchase program to two million shares.  On April 11, 2000, the Company's Board of Directors authorized the
repurchase of an additional two million shares.  In the thirty-nine weeks ended April 29, 2000, the Company repurchased 1,858,600 shares at an average price of $24.00 per share; 2,141,400 shares were remaining under this program.                                    
|Kate Spade LLC, a majority owned subsidiary of the Company, distributed $2.4 million to its minority shareholders in the current period.                                                                                                                                                                                                                                                                                                                                     
|The Company believes that it will have sufficient resources to fund its planned capital growth, operating requirements and the maturities of the securitization certificates.                                                                                                                                                                                                                                                                                                









|THE NEIMAN MARCUS GROUP, INC.
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
CONDITION AND RESULTS OF OPERATIONS                                                                                                                                                                                                                                                                                                                                                          
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|Forward-looking Statements                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|Statements in this report referring to the expected future plans and performance of the Company are forward-looking statements.  Actual future results may differ materially from such statements.  Factors
that could affect future performance include, but are not limited to: changes in economic conditions or consumer confidence; changes in consumer preferences or fashion trends; delays in anticipated store openings; adverse weather conditions, particularly du
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|THE NEIMAN MARCUS GROUP, INC.                                                                                                                       
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|Item 6. Exhibits and Reports on Form 8-K.                                                                                                           
|(a) Exhibits.                                                                                                                                       
|27.1 Financial data schedules.                                                                                                                      
|(b) Reports on Form 8-K.           The Company did not file any reports on Form 8-K during the            thirteen week period ended April 29, 2000.
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SIGNATURES

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|Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|THE NEIMAN MARCUS GROUP, INC.                                                                                                                                                          
|Date: June 12, 2000 /s/ John R. Cook
John R. Cook
Senior Vice President and
Chief Financial Officer                                                                                    
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