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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 qaK4NTD+kJYf1nyM/xYx3A==

<SEC-DOCUMENT>0000791963-98-000015.txt : 19981215
<SEC-HEADER>0000791963-98-000015.hdr.sgml : 19981215
ACCESSION NUMBER:		0000791963-98-000015
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	19981231
ITEM INFORMATION:		
FILED AS OF DATE:		19981214

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FAHNESTOCK VINER HOLDINGS INC
		CENTRAL INDEX KEY:			0000791963
		STANDARD INDUSTRIAL CLASSIFICATION:	SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211]
		IRS NUMBER:				980080034
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		
		SEC FILE NUMBER:	001-12043
		FILM NUMBER:		98768581

	BUSINESS ADDRESS:	
		STREET 1:		SUITE 1110 BOX 2015
		STREET 2:		20 EGLINTON AVENUE WEST
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M4R 1K8
		BUSINESS PHONE:		416 322-1515

	MAIL ADDRESS:	
		STREET 1:		PO BOX 2015 SUITE 1110
		STREET 2:		20 EGLINTON AVENUE WEST
		CITY:			TORONTO M4R 1K8
		STATE:			A6
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<TEXT>

             SECURITIES AND EXCHANGE COMMISSION
                   WASHINGTON, DC  20549

                          FORM 8-K
                       CURRENT REPORT
            PURSUANT TO SECTION 13 OR 15(d) OF THE
               SECURITIES EXCHANGE ACT OF 1934

         Date of report (Date of earliest event reported)
                       December 11, 1998

                 FAHNESTOCK VINER HOLDINGS INC.
       (Exact Name of Registrant as Specified in Charter)

Ontario, Canada                   1-12043               98-0080034
(State or Other 
Jurisdiction
of Incorporation)         (Commission File Number)     (IRS Employer 
                                                       Identification No.)



P.O. Box 2015, Suite 1110
20 Eglinton Avenue West
Toronto, Ontario, Canada                                M4R 1K8
(Address of Principal Executive Offices)                (Zip Code)


Registrant's telephone number,including area code: (416) 322-1515


Former Name or Former Address, if Changed Since Last Report: Not applicable
					

Item 5. Other Events

On December 11, 1998, the Registrant issued a Press Release 
which is attached  hereto as Exhibit 99.


SIGNATURES

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.

FAHNESTOCK VINER HOLDINGS INC.

BY: /s/ E.K. Roberts
E.K. Roberts,
President and Treasurer
December 11, 1998
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<TEXT>


EXHIBIT 99
PRESS RELEASE - DECEMBER 11, 1998

NYSE SYMBOL - FVH
TSE SYMBOL - FHV.A

Fahnestock Viner Holdings Inc. 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

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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