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FOR IMMEDIATE RELEASE

JEFFERIES TO PRESENT AT THE KEEFE, BRUYETTE & WOODS 2006 SECURITIES BROKERAGE CONFERENCE

NEW YORK, October 31, 2006 -- Jefferies Group, Inc. (NYSE: JEF) today announced that Richard B. Handler, Chairman and Chief Executive Officer, will present at the Keefe, Bruyette & Woods 2006 Securities Brokerage Conference in New York City on November 2, 2006. Mr. Handler will present at 12:45 PM Eastern.

A live audio webcast of the presentation will be broadcast over the Internet and can be accessed via Jefferies Web site, www.jefferies.com/1106KBW. An audio replay of the presentation will also be available at this location for 14 days.

About Jefferies

Jefferies, a global investment bank and institutional securities firm, has served growing and mid-sized companies and their investors for nearly 45 years. Headquartered in New York, with more than 25 offices around the world, Jefferies provides clients with capital markets and financial advisory services, institutional brokerage, securities research and asset management. The firm is a leading provider of trade execution in equity, high yield, convertible and international securities for institutional investors and high net worth individuals. Jefferies & Company, Inc. is the principal operating subsidiary of Jefferies Group, Inc. (NYSE: JEF; www.jefferies.com).

For further information, please contact:

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

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