FORM 4 [ ] Check this box if no longer
     subject to Section 16. Form 4
     or Form 5 obligations my
     continue.  See Instruction 1(b). UNITED STATES SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935
or Section 30(f) of the Investment Company Act of 1940




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1.  Name and Address of Reporting Person*    Tansky            Burton        M.     (Last)                 (First)           (Middle)   The Neiman Marcus Group, Inc.    1618 Main St.	2.  Issuer Name and Ticker or Trading Symbol    The Neiman Marcus Group, Inc.                  (NMG.A) 3.  IRS or Social Security Number of      Reporting Persons (Voluntary)          ###-##-####	6.  Relationship of Reporting Person(s) to Issuer     (check all applicable)      X     Director                    10% Owner      X     Officer                     Other (specify                                               below)       President and Chief Executive Officer
(Street)     Dallas         Texas        75201	4.  Statement for Month/Year         January 2002	7.  Individual or Joint/Group Filing (Check Applicable)     X     Form filed by One Reporting Person            Form filed by More than One Reporting Person
(City)        (State)        (Zip)	5.  If Amendment, Date of Original     (Month/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.  Title of Security	2. Trans-    action    Date	3. Transaction    Code   (Instr. 8)		4. Securities Acquired (A)    or Disposed of (D)    (Instr. 3, 4 and 5)			5. Amount of   Securities   Beneficially   Owned at   End of   Month (Instr. 3 and 4)	6. Ownership    Form:    Direct (D)    or Indirect    (I)   (Instr. 4)	7. Nature of    Indirect    Bene-    ficial   Ownership    (Instr. 4)
	(Month/ Day/ Year)	Code	V	Amount	(A) or (D)	Price
Common Stock, Class A	1/11/02	M		15,000	A	$12.75		D
Common Stock, Class A	1/11/02	S		7,500	D	$31.476		D
Common Stock, Class A	1/14/02	S		7,500	D	$30.9627		D
Common Stock, Class A	1/16/02	S		3,500	D	$31.59	43,500	D
Common Stock, Class A (11/99 Restricted)							12,000	D
Common Stock, Class A (9/97 PARS)							7,900	D
Common Stock, Class A (9/98 PARS)							10,000	D
Common Stock, Class A (10/99 PARS)							10,000	D

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*  If the form is filed by more than one reporting person, see Instruction 4(b)(v).

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Deriv- ative Sec- urity (Instr. 3)

2. Conver-   sion or   Exercise   Price of   Deriv-   ative   Security

3. Trans-   action   Date   (Month/   Day/   Year)

4. Transac-   Code   (Instr. 8) Code       V

5. Number of Deriv- ative secur- ities Acq- quired (A) or Disposed of (D) (Instr. 3, 4 and 5) (A)              (D)

6. Date Exer-  cisable and Ex-  piration Date  (Month/Day/   Year) Date       Expira- Exer-          tion siable          Date

7. Title and Amount of Underlying Sec- urities (Instr. 3 and 4)                    Amount                    or Num-                     ber of Title              Shares

8. Price of Deriv- ative Secur- ity (Instr. 5)

9. Num- ber of Deriva- tive Secur- ities Bene- ficially Owned at End of Month (Instr. 4)

10. Own- ership Form of Deriva- tive Secu- rity: Direct (D) or Indirect (i) Instr. 4

11. Na- ture of Indirect Benefi- cial Owner- ship (Instr. 4).

Employee Stock Option(1)

$12.75

1/11/02

M

15,000

2-01-1993 -thru 2-01-2002

Common Stock

15,000

$12.75

399,700

D

|

Explanation of Responses:
(1)  Option granted pursuant to The Neiman Marcus Group, Inc. 1987 Stock Incentive Plan that includes tax withholding rights. Options vest at a rate of
20% per year beginning on the first anniversary date of the grant.

Reminder: Report on a separate line for each class of securities beneficially owned
directly or indirectly.
*If the form is filed by more than one person, see Instruction 4(b)(v).
** Intentional misstatements or omission of facts constitute Federal Criminal
Violations. See 18 U.S. 1001 and 15 U.S.C. 78ff(a).
If space is insufficient, see Instruction 6 for procedures.


          Burton M. Tansky                
     **Signature of Reporting Person

        February 1, 2002     
               Date