FOR IMMEDIATE DISTRIBUTION

JEFFERIES TO HOST GOVERNMENT-SPONSORED ENTERPRISES ROUNDTABLE (GSE) FEBRUARY 9TH IN WASHINGTON D.C.

NEW YORK, February 7, 2007 -- Jefferies & Company, Inc., the principal operating subsidiary of Jefferies Group, Inc. (NYSE: JEF), today announced that the Firm’s Fixed Income Division will host a Government-Sponsored Enterprises Roundtable on February 9, 2007 in Washington D.C. Notable East Coast public entities, state accounts and municipalities will convene at the Nation's Capital for a half day of roundtable discussions and keynote speeches by Congressman C.A. Dutch Ruppersberger, representative from the second district of Maryland, and Dr. David A. Sampson, Deputy Secretary of Commerce. This targeted event will provide investors a unique forum to discuss the recent changes in leadership in Congress, its impact on the economy and opportunities facing GSEs today.

"Our clients have the opportunity to hear GSEs first hand and to ask candid questions on their respective businesses and responses to the constantly-shifting political environment of Washington, its impacts and the opportunity areas," commented Michael Effron, Managing Director and head of the Jefferies Fixed Income Agency Trading Desk. “The experts we have assembled for the Jefferies Government-Sponsored Enterprises Roundtable will be able to provide up to date and timely information with regard to the GSE marketplace and current events."

Conference presenters currently include:

Farmer Mac
Federal Farm Credit Bank
Federal Home Loan Bank
Freddie Mac

Copies of each agency presentation will be available at the discretion of the presenter and can be accessed at www.jefferies.com.

For further information about Jefferies Government-Sponsored Enterprises Roundtable, please contact your institutional sales representative or Michelle Metzger (203-708-5984 or mmetzger@Jefferies.com).


About Jefferies

Jefferies, a global investment bank and institutional securities firm, has served growing and mid-sized companies and their investors for over 40 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).

CONTACT:
Jefferies: Tom Tarrant
(203) 708-5989
ttarrant@Jefferies.com