Press Release


EXHIBIT 99
PRESS RELEASE[1] - DECEMBER 11, 1998
NYSE SYMBOL - FVH
TSE SYMBOL - FHV.A
Fahnestock Viner Holdings Inc[2]. reports that it has incurred an 
estimated after tax loss of U.S. $8,267,000 (U.S. $0.66 per share) 
for October and November, the first two months of the fourth 
quarter of 1998. The estimated loss results from equity trading 
losses in October and November. The Company previously 
reported unaudited earnings for the nine months ended September 
30, 1998 of U.S. $20,827,000 or U.S. $1.65 per share. Despite the 
recent losses, the Company expects to remain profitable for the 
year as a whole.
The Company stated that extreme volatility in equity markets
has contributed to unprecedented trading losses and that it has
taken steps to limit future exposure. Other areas of the business, 
including retail commission, investment advisory services and 
corporate finance performed well during the period.
                              -0-
FOR FURTHER INFORMATION:
A.G. LOWENTHAL - (212) 668-8000  or  
E.K. ROBERTS - (416) 322-1515

References

  1. ^ PRESS RELEASE (www.lawinsider.com)
  2. ^ Fahnestock Viner Holdings Inc (www.lawinsider.com)

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