FORM 5

[ ]  Check this box if no longer
     subject to Section 16. Form 4
     or Form 5 obligations my
     continue.  See Instruction 1(b).
[ ]  Form 3 Holdings Reported
[ ]  Form 4 Transactions Reported

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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(Print or Type Response)

1.  Name and Address of Reporting Person*

   Stern          Paula             
    (Last)             (First)           (Middle)

c/o The Neiman Marcus Group, Inc.
         1618 Main Street

2.  Issuer Name and Ticker or Trading Symbol

   The Neiman Marcus Group, Inc.
             (NMG.A and NMG.B)
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
          Officer                      Other (specify
                                              below)
         

            (Street)

    Dallas         Texas        75201

4.  Statement for Month/Year
        August 2002

7.  Individual or Joint/Group Reporting (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)

  

1.  Title of Security
    (Instr. 3)

2. Trans-
   action
   Date

 (Month/
  Day/
  Year)

3. Transaction
   Code
  (Instr. 8)



Code          V

4. Securities Acquired (A)
   or Disposed of (D)
   (Instr. 3, 4 and 5)



Amount     (A) or (D)       Price

5. Amount of
  Securities
  Beneficially
  Owned at the
  End of Issuer's
  Fiscal Year
(Instr. 3 and 4)

6. Ownership
   Form:
   Direct (D)
   or Indirect
   (I)

  (Instr. 4) 

7. Nature of
   Indirect
   Bene-
   ficial
  Ownership

   (Instr. 4)

Class B Common Stock

      

150

I

by Trust
             
             
             
             

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)

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
Year
(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).

Phantom
Stock Units(1)


n/a


10/31/01


A


532.384


(1)

Class A Common
Stock      532.384(2)


$27.236



D

 

Phantom
Stock Units(1)


n/a


01/31/02


A


369.898


(1)

Class A Common
Stock      369.898(2)


$34.469

  


D

  

Phantom
Stock Units(1)


n/a


04/30/02


A


346.496


(1)

Class A Common
Stock      346.496(2)


$36.797

  


D

  

Phantom
Stock Units(1)


n/a


08/03/02


A


461.722


(1)

Class A Common
Stock      461.722(2)


$27.614


2,090.615


D

  


                   

Explanation of Responses:
(1)  Pursuant to The Neiman Marcus Group, Inc. Deferred Compensation Plan for Non-Employee Directors, non-employee directors of The Neiman Marcus Group, Inc.
(the "Company") receive shares of Class A common stock equivalents as part of their directors' compensation ("Mandatory Deferred Units"), and are permitted to elect to receive
shares of common stock equivalents in lieu of their cash compensation ("Elective Deferred Units"). The number and "price" of such units are determined quarterly and are
calculated by dividing the amount of fees in each fiscal quarter by the average of the market price of the Company's Class A common stock during the last five trading days of
such fiscal quarter. Settlement of these units is in cash.
(2)  Includes both Elective Deferred Units and Mandatory Deferred Units.

** Intentional misstatements or omission of facts constitute Federal Criminal
Violations. See 18 U.S. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually
signed.
       If space provided is insufficient, see Instruction 6 for procedures.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Number.


        Paula Stern                                              Aug. 19, 2002    
    **Signature of Reporting Person                              Date