Preliminary Results

Walker,Crips,Weddle,Beck PLC
8 June 2000



                    RECORD RESULTS FOR WCWB
    PRELIMINARY RESULTS FOR THE PERIOD ENDED 31 MARCH 2000

Walker, Crips, Weddle, Beck plc ('WCWB'), the fully Listed
stock and share broker, announces its Preliminary results for
the period from 4 April 1999 to 31 March 2000.

FINANCIAL HIGHLIGHTS
* Turnover up 44% to £13.2million (1999 £9.1million)
* Gross profits up 42% to £9.4million (1999: £6.6 million)
* Profit before tax  up 187% to £2.1million (1999: £0.7million)
* Earnings per share up 175% to 16.5p (1999: 6.0p)
* Final dividend of 4.0p for the year, combined with an interim
 dividend of 2.0p, making a total of 6.0p, up 26% (1999:
 4.75p)

BUSINESS REVIEW

Private clients
* The private client department, together with our Account
Executives, handled record business, with special emphasis on
development of discretionary funds

Investorlink
*Execution-only commission increased to £2.8 million (1999:
£1.6 million)

PEPs/ISAs
* Funds under management increased to £185 million (1999: £168
million)
* Commission and management fee income of £1.8 million

Commenting  on the results Michael Sunderland, Chief  Executive
of  WCWB, said: 'WCWB has, over the last few years, established
close to a 1% share of UK Stock Market transaction volume, with
this  being  reflected  in  both the  quieter  first  half  and
stronger second half of last year.

'We have invested materially in technology and expect soon to
be launching our electronic trading facility INVESTeLINK.  This
on-line dealing facility should fit well alongside the
telephone dealing operation and supplement the primary strength
of our business, the provision of advisory and investment
managed services and products to a broad client base.'

For further information please contact:

Michael Sunderland, Chief          Tony Rose / Jeremy Carey
Executive                          Tavistock Communications Limited
Rodney FitzGerald, Finance         Tel: [phone]
Director
Walker, Crips, Weddle, Beck plc
Tel: [phone]
                                                               


Chairman's statement
For the period ended 31 March 2000

This  is  my  first report as Chairman of your Company  and  it
gives me great pleasure to be able to introduce the results  of
a highly successful year.

It  is  also  appropriate for me to mention  Larry  Byford  who
retired  as  Chairman  at the end of March  after  fifty  years
service  to  the Company.  He presided over the Company's  most
successful year in its history and left us on a very high note.
We all wish him well in his retirement.

Review of the Year
The  past  financial  year started slowly but  in  common  with
financial markets worldwide, activity and volatility  took  off
mid  way through the year, leading to a doubling of the  number
of  transactions  handled by your Company.   Turnover  totalled
£13,150,000   (1999  -  £9,127,000)  and   gross   profit   was
substantially improved at £9,392,000 (1999 - £6,565,000)  after
commission payable to agents.  Unsurprisingly, costs also rose,
this  being a natural consequence of a substantial increase  in
turnover, resulting in operating profit of £2,111,000  (1999  -
£729,000) and post-tax profit for the year of £1,486,000  (1999
- £526,000).

The  Board  is  recommending a final dividend of  4  pence  per
share,  which, with the interim already paid raises  the  total
for  the  year to 6 pence net per share (1999 - 4.75 pence  net
per  share).   Subject  to the dividend  now  proposed  by  the
Directors being approved at the Annual General Meeting, payment
will  be  made  on  the  17 July 2000 to  shareholders  on  the
register at the close of business on 23 June 2000.

Board Changes
Apart from the retirement of Larry Byford and my appointment as
his successor, there have been no changes to the Board.

Progress
Your  Company  has continued its forward-looking policy  during
the  year  and  has investigated a number of opportunities  for
expansion  of services to clients.  You will see in  the  Chief
Executive's Report a mention of INVESTeLINK, an on-line dealing
facility which is nearing completion and which will, subject to
testing  and  regulatory  approval, be  available  for  trading
through the Internet later this year.

Your  Company  has also encouraged its clients to make  greater
use of Managed ISAs which, apart from benefiting the management
of  their funds through greater speed of decision-making,  also
generate recurring fee-based income for the firm.

Chairman's statement (continued)


Executive Directors, Associates and Staff
The dramatic surge in turnover from the middle of our financial
year  onwards  gave  rise to considerable strains  on  all  our
systems  and,  in  particular, on  associates,  management  and
staff.   It  is  very  much  to  their  credit  that  no  major
difficulties  were  encountered despite  the  immense  pressure
exerted  on  them.   They have all worked very  long  hours  to
ensure the smooth running of the Company and, on your behalf, I
thank them for all their efforts.

Current Trading and Outlook
Since  the  end  of our financial year, markets internationally
have seen a drop-off in levels of turnover.  The steam has gone
out  of the 'dotcom' stocks - maybe only temporarily - but this
has led to quieter conditions throughout the market.

The  proposed  merger  of The London Stock  Exchange  with  the
Deutsche  Borse in Frankfurt and NASDAQ also adds a measure  of
uncertainty  to  the  future.   Your  Board  is  looking   very
carefully at these proposals as they are vital to the future of
our  business.  Your Board remains confident that your  Company
is  well  placed to continue to participate in the  success  of
markets in the forthcoming year.

Annual General Meeting
The  Annual  General Meeting will take place at 12.00  noon  on
Friday  14 July 2000.  This will be held in the Sugar Rooms  at
The Brewery, Chiswell Street, London EC1 4SD.

G.N. Kennedy CVO
Chairman




Chief Executive's operating and financial review
For the period ended 31 March 2000


The  Millennium Year 2000 has fittingly become a  landmark  for
our  Company.  As was shown from our Interim Report, the  first
half   of   the  year  under  review  was,  in  volume   terms,
satisfactory but did not demonstrate especially strong  growth.
By  the end of October, however, enthusiasm for technology  and
Internet related stocks took hold and created widespread demand
for dealing services within the retail stockbroking sector.

Walker,  Crips,  Weddle, Beck Plc has over the last  few  years
established  close to a 1% share of UK Stock Market transaction
volume with this being reflected in both the quieter first half
and  stronger second half of last year.  The January  to  March
quarter  is traditionally the busiest time of the year, clearly
illustrated through our total trade from October 1999 to  March
2000 being 136,344 bargains compared with 79,384 for April 1999
to  September 1999.  Gross revenue for the final six months was
£8,009,000 compared with £5,141,000 for the quieter  first  six
months.

Coping with the dramatic rise in turnover was a major challenge
and almost all in our industry found it exceptionally difficult
to  maintain standards of service at the high levels we  strive
hard to attain.  Telephone systems and dealing departments were
under acute pressure and with business levels rising so rapidly
this impacted upon almost all departments within the company.

Private Clients' Department
Expansion   of   the  Company's  Private  Clients'   Department
continued and a record amount of business was handled.  Special
emphasis  was  given  to developing discretionary  funds  which
will, we expect, continue to grow in the current year.

Account Executives
Our  Account  Executives consistently make a major contribution
to  our  undertaking no more so than in the  past  year.   Most
achieved  strong growth in business levels dealing for  a  wide
range  of  clients from a diverse background.   Our  Associates
provide  a personal service which is clearly much in demand  in
spite  of  the move towards electronic dealing and the industry
becoming more and more institutionalised.

PEPs and ISAs
Although  the  initial  market reception  for  ISAs  was  below
industry expectations we experienced a welcome awareness of the
merits  of  the  new product towards the end of the  year  with
combined  PEP  and  ISA  funds under management  closing  at  a
creditable £185m.  A greater emphasis was given during the year
to  developing Managed ISAs as opposed to Self-Select  products
with the result that fee income will prove more reliable in the
future.

Chief Executive's operating and financial review (continued)


Execution Only Service - Investorlink
As  many  shareholders may have experienced,  the  Investorlink
Service was required to meet a dramatic increase in demand with
bargain volumes rising 60% to 96,121 for the year and the gross
commission   contribution  rising   to   £2,774,000.    Average
commission  per  transaction reached a figure of  £28.50.   The
Department  performed well in the most difficult of  conditions
towards the end of the period.

Cash Management
In  spite of liquid resources being stretched to cope with high
trading   volumes,  a  positive  result  was  achieved  through
effective  management  of both our internal  funds  and  client
monies.   At  the  year end, total deposits being  administered
reached  a  figure of £50.3m.  The higher interest  rate  trend
coupled  with the potential to generate an improved  margin  on
funds should be positive factors for the current year.

Outlook for the Future
By  its  nature, our business will be susceptible to investors'
interest  in  markets and to a degree general  industry  trends
will  continue  to  dictate progress.  More  recently  we  have
invested  materially  in  technology  and  expect  soon  to  be
launching our electronic trading facility INVESTeLINK.  This on-
line  dealing facility should fit well alongside the  telephone
dealing  operation and supplement the primary strength  of  our
business,  the  provision of advisory  and  investment  managed
services and products to a broad client base.

Larry Byford
At  the end of the Company's most successful year, Larry Byford
retired as Chairman after an outstanding 50 years service  with
the  Company.   His  contribution to  the  development  of  the
Company has been immense and he leaves an indelible mark on our
business.

As  one  of the characters of the London Stock Exchange he  has
always   maintained  a  deep  interest  in  people   and   felt
passionately about stockbroking.  From a personal standpoint  I
will miss greatly our engaging discourse and his wise counsel -
I  know  I speak for all in our Company in wishing him  a  much
deserved, long and happy retirement.


M.J. Sunderland
Chief Executive




Profit and loss account
For the period ended 31 March 2000

                                        Period ended       Year ended
                                       31 March 2000     4 April 1999
                                               £'000            £'000
Turnover                                      13,150            9,127
Commission payable                           (3,758)          (2,562)
                                              ------           ------
Gross profit                                   9,392            6,565
Administrative expenses                      (7,281)          (5,563)
Exceptional items                                  -            (273)
                                              ------           ------
Operating profit                               2,111              729
Interest payable and                                                 
similar charges                                 (33)              (6)
                                              ------           ------
Profit on ordinary                                                   
activities before taxation                     2,078              723
Tax on profit on ordinary                                            
activities                                     (592)            (197)
                                              ------           ------
Profit on ordinary                                                   
activities after taxation                      1,486              526
Dividends paid and proposed                    (545)            (424)
                                              ------            -----
Retained profit for the period                   941              102
                                              ======           ======
Earnings per share                                                   
Basic                                          16.5p             6.0p
Diluted                                        15.7p             5.8p

Statement of total recognised gains and losses
For the period from 5 April 1999 to 31 March 2000

                                   Period ended          Year ended
                                       31 March             4 April
                                           2000                1999
                                          £'000               £'000
Profit for financial period               1,486                    
                                                                526
                                         ------              ------
Total recognised gains and                                         
losses relating to the period             1,486                 526
                                         ------              ------
Prior period adjustment                       -                 101
                                         ------              ------
Total gains and losses r                                           
ecognised since                                                    
last financial statements                 1,486                 627
                                         ======              ======



Balance Sheet
31 March 2000

                                              31 March        4 April
                                                  2000           1999
                                                 £'000          £'000
Fixed assets                                                         
Tangible                                         1,097            945
Investments                                         75              -
                                                ------         ------
                                                 1,172            945
                                                ------         ------
Current assets                                                       
Debtors                                        129,720         32,729
Cash at bank and in hand                         9,002          3,958
                                                ------         ------
                                               138,722         36,687
Creditors: Amounts falling                                           
due within one year                          (133,690)       (32,512)
                                                ------         ------
Net current assets                               5,032          4,175
                                                ------         ------
Net assets                                       6,204          5,120
                                                ======         ======
Capital and reserves                                                 
Called-up share capital                          1,819          1,777
Share premium account                            1,149          1,048
Profit and loss account                          3,154          2,213
Other reserves                                      82             82
                                                ------         ------
Shareholders' funds (all equity)                 6,204          5,120
                                                ======         ======



Notes

1.   Dividends paid and proposed
                                          Period ended     Year ended
                                              31 March        4 April
                                                  2000      1999
                                                 £'000          £'000
Equity shares: Ordinary                                              
shares of 20p
* interim paid of 2.00p                                              
(1999 - 1.75p) per share                           181            157
* final proposed of 4.00p                                            
(1999 - 3.0p) per share                            364            267
                                                ------         ------
                                                   545            424
                                                ======         ======
    
2.   Earnings per share
The  calculation of basic earnings per share is  based  on  the
post-tax profit for the financial period of £1,486,000 (1999  -
£526,000)  and on 8,991,543 (1999 - 8,787,891) ordinary  shares
of 20p, being the weighted average number of ordinary shares in
issue during the period.

The  calculation of diluted earnings per share is based on  the
diluted  post-tax profit for the financial period of £1,512,000
(1999  - £542,000) and on 9,637,793 (1999 - 9,384,359) ordinary
shares, being the weighted average number of ordinary shares in
issue   during  the  period  adjusted  for  dilutive  potential
ordinary shares (being share option schemes only).

3.   Annual Report and Accounts
The  Annual  Report and Accounts will be posted to shareholders
on  16  June  2000 and copies will also be available  from  the
Company's  Registered Office at Sofia House, 76/80  City  Road,
London EC1Y 2EQ.