FORM 8-K
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549



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

Date of Report (date of earliest event reported):  February 13, 2001


                    Friedman, Billings, Ramsey Group, Inc.
            (Exact name of Registrant as specified in its charter)




   Virginia                      54-1837743                   001-13731
(State or other    (I.R.S. Employer incorporation or    (Commission File Number)
jurisdiction of                organization)
Identification No.)



                            1001 Nineteenth Street
                           North Arlington, VA 22209
              (Address of principal executive offices) (Zip code)


                                (703) 312-9500
              (Registrant's telephone number including area code)



Item 9.


1.       On February 13, 2001, Friedman, Billings, Ramsey Group, Inc. issued a
press release announcing information concerning the intention of its President
and Co-Chief Executive Officer, W. Russell Ramsey, to focus on a new technology
investment business. A copy of the press release is furnished herewith as
Exhibit 99.1.

        The following Exhibit is furnished as part of this report:

        99.1  Press release dated February 13, 2000.


SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company
has duly  caused  this  Report  to be signed  on its  behalf by the  undersigned
hereunto duly authorized.

FRIEDMAN, BILLINGS, RAMSEY GROUP, INC.

By: /s/ Emanuel J. Friedman
Chairman and Co-Chief Executive Officer





      EX-99.1 Press Release



For Immediate Release
Media Contact:  Michael W. Robinson (703) 312-1830 or mrobinson@fbr.com
                                                      -----------------


                  Russ Ramsey to Focus on Technology Investing;
                    Will Continue as FBR President and Co-CEO
                           Through the End of the Year


ARLINGTON,  Va.,  February 12, 2001 - Friedman,  Billings,  Ramsey  Group,  Inc.
(NYSE:  FBR) today  announced  that W. Russell  Ramsey,  President  and Co-Chief
Executive Officer, will focus primarily on a new technology investment business,
in which FBR will be a substantial investor.  While he takes on this new effort,
Mr. Ramsey will continue as President and Co-CEO of the company for a transition
period expected to last through the end of the year.

In December 1999, Mr. Ramsey, along with Emanuel J. Friedman and Eric F.
Billings became Co-CEOs of FBR.  Mr. Friedman and Mr. Billings will continue in
these roles, with Mr. Friedman continuing to have primary responsibility for the
company's asset management businesses, and Mr. Billings continuing to have
primary responsibility for the company's capital markets businesses, including
the Technology Investment Banking and Research group, that had been Mr. Ramsey's
responsibility.  Mr. Ramsey and Mr. Billings will work together closely during
the transition period.

Mr.  Ramsey's new business will be housed in FBR's Arlington  headquarters,  and
FBR - through its Technology  Investment Banking and Research group - will serve
as advisor.

"Current market conditions create many  opportunities for technology  investing,
which I am enthusiastic  about  pursuing," Mr. Ramsey said.  "Partnering in this
endeavor with FBR and its  technology  group  represents the best of both worlds
for me."

Mr.  Ramsey has been  intimately  involved  in  technology-related  investments,
financings,  and advisory  services since 1995 when he founded FBR's  Technology
Investment  Banking and Research group and co-founded FBR's  Technology  Venture
Capital  funds.  In addition,  Mr. Ramsey was a  co-founder,  and is the current
chairman, of Capital Investors, a prominent group of local technology executives
and  investors.  Mr. Ramsey has more than 15 years of private and public company
investment experience in all stages of the corporate lifecycle. Over his career,
he has worked in virtually  every aspect of the investment  business,  including
public and private principal  investing,  investment banking,  asset management,
and institutional sales and trading.

Mr.  Friedman  said,  "Russ has been our partner and our friend for more than 12
years,  and we  wholeheartedly  support  his  decision to pursue his passion for
technology  principal  investing and this new  entrepreneurial  venture.  We are
delighted that,  through his working  relationship  with FBR going forward,  the
company will be able to leverage his many strengths."

Mr.  Billings  said,  "We are  very  excited  for  Russ  personally  and for the
opportunity  for FBR to work  with him in this new  endeavor.  This is a classic
win-win  situation.  Our  technology  group and Russ will mutually  benefit from
their respective relationships in the technology community, access to deal flow,
and knowledge. I am confident that our technology business,  which Russ founded,
will continue to flourish as our overall capital markets  platform  continues to
expand."

Mr. Ramsey concluded,  "In 1989, Manny, Eric, and I founded FBR, and building it
into a world-class,  publicly-traded  financial institution is an accomplishment
of which we and our  employees  are very  proud.  I am very  gratified  that the
company  today is in such a strong  position.  I've never been more proud of
FBR and the  integral  role it has played in making  the  Greater  Washington,
D.C. region a global technology hub. Through this new venture,  I hope to
continue to contribute to the region's growth."

Friedman, Billings, Ramsey Group, Inc. (NYSE: FBR) is a holding company for
investment banking, institutional brokerage, venture capital, and other special-
ized asset management products and services.  FBR provides capital and financial
expertise throughout a company's lifecycle and affords investors access to a
full range of financial products and services.  Headquartered in Northern
Virginia, home to an array of leading global companies, FBR has offices in
Arlington and Reston, Va., Irvine, Ca., Boston, Charlotte, Chicago, Portland,
Seattle, London, and Vienna.  For more information, see www.fbr.com.
                                   -----------

                                      # # #

         Statements concerning future performance, developments, negotiations or
         events,  expectations or plans and objectives for future  operations or
         for growth and market forecasts,  and any other guidance on present and
         future periods,  constitute forward-looking statements that are subject
         to a number of factors risks and uncertainties  that might cause actual
         results  to differ  materially  from  stated  expectations  or  current
         circumstances. These factors include but are not limited to competition
         among venture capital firms and the high degree of risk associated with
         venture capital investments, the effect of demand for public offerings,
         activity in the secondary securities markets,  available  technologies,
         competition for business and personnel, and general economic, political
         and market conditions.



                          # # #