FOR IMMEDIATE RELEASE

Jefferies Group, Inc. Announces Management Conference Call To Discuss 2005 Third Quarter Financial Results

NEW YORK, Oct 06, 2005 (BUSINESS WIRE) -- Jefferies Group, Inc. (NYSE:JEF) announced today a conference call with Management to discuss 2005 third quarter and year-to-date financial results. Participants on the call will include: Richard B. Handler, Chairman and CEO; Brian P. Friedman, Executive Committee Chairman; and Joseph A. Schenk, CFO.

The conference call will be held on Tuesday, October 18, 2005 at 9am (ET) (date and time subject to change). For listen-only access to the management discussion, please call (617) 801-9714 (passcode: 18188135) ten minutes prior to the scheduled start time. A live audio webcast and a delayed replay will also be available at www.jefferies.com and www.streetevents.com.

Jefferies' earnings press release will be distributed via Business Wire at approximately 8:00 AM Eastern on October 18, 2005. To view the press release on or after October 18, 2005, please visit www.jefferies.com. Questions for consideration by Management during the conference call can be submitted in advance through the "Contact Us" function at www.jefferies.com or by calling 203-708-5975 before 8:30 AM Eastern on October 18th.

SOURCE: Jefferies Group, Inc.

Jefferies & Company, Inc.
Tom Tarrant, 203-708-5989
ttarrant@jefferies.com