<TABLE> <S> <C>


<ARTICLE>                                            9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE BANKERS
TRUST CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENT OF CONDITION AT
DECEMBER 31, 1998 AND THE CONSOLIDATED STATEMENT OF INCOME FOR THE YEAR ENDED
DECEMBER 31, 1998 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER>                                   1,000,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                              DEC-31-1998
<PERIOD-START>                                 JAN-01-1998
<PERIOD-END>                                   DEC-31-1998
<CASH>                                               2,837
<INT-BEARING-DEPOSITS>                               2,382
<FED-FUNDS-SOLD>                                    19,537
<TRADING-ASSETS>                                    46,170
<INVESTMENTS-HELD-FOR-SALE>                         12,748
<INVESTMENTS-CARRYING>                                  0
<INVESTMENTS-MARKET>                                    0
<LOANS>                                            23,285
<ALLOWANCE>                                           652
<TOTAL-ASSETS>                                    133,115
<DEPOSITS>                                         37,334
<SHORT-TERM>                                       33,733<F1>
<LIABILITIES-OTHER>                                10,676<F2>
<LONG-TERM>                                        19,423
<PREFERRED-MANDATORY>                                   0
<PREFERRED>                                           394
<COMMON>                                              105
<OTHER-SE>                                          4,197
<TOTAL-LIABILITIES-AND-EQUITY>                    133,115
<INTEREST-LOAN>                                     1,711
<INTEREST-INVEST>                                     676
<INTEREST-OTHER>                                    3,516<F3>
<INTEREST-TOTAL>                                    8,291
<INTEREST-DEPOSIT>                                  2,195
<INTEREST-EXPENSE>                                  6,919
<INTEREST-INCOME-NET>                               1,372
<LOAN-LOSSES>                                          40
<SECURITIES-GAINS>                                    (56)
<EXPENSE-OTHER>                                     5,166
<INCOME-PRETAX>                                       (77)
<INCOME-PRE-EXTRAORDINARY>                            (77)
<EXTRAORDINARY>                                         0
<CHANGES>                                               0
<NET-INCOME>                                          (73)
<EPS-PRIMARY>                                       (1.05)
<EPS-DILUTED>                                       (1.05)
<YIELD-ACTUAL>                                       1.16
<LOANS-NON>                                           392
<LOANS-PAST>                                            0
<LOANS-TROUBLED>                                       26
<LOANS-PROBLEM>                                         0
<ALLOWANCE-OPEN>                                      699
<CHARGE-OFFS>                                         107
<RECOVERIES>                                           20
<ALLOWANCE-CLOSE>                                     652<F4>
<ALLOWANCE-DOMESTIC>                                  266<F4>
<ALLOWANCE-FOREIGN>                                   380<F4>
<ALLOWANCE-UNALLOCATED>                                 6<F4>
<FN>
<F1>Short-term borrowings include the following:
Securities loaned and securities sold under
repurchase agreements                             17,420
Other short-term borrowings                       16,313
  Total                                           33,733
<F2>Other liabilities include the following:
Accounts payable and accrued expenses             5,210
Other liabilities                                 5,234
Acceptances outstanding                             232
  Total                                          10,676
<F3>Other interest income includes the 
following:
Interest-bearing deposits with banks                   310
Federal funds sold                                     211
Securities purchased under resale agreements         1,635
Securities borrowed                                  1,222
Customer receivables                                   138
  Total                                              3,516
<F4>Amount pertains to the allowance for credit losses loans.
</FN>
        



</TABLE>