Bill Burnham, a well-known electronic commerce analyst, last week joined Deutsche Morgan Grenfell's technology group as a vice president and equity research analyst.

Mr. Burnham, 27, came from Minneapolis-based Piper Jaffray Inc., where he spent 15 months as a senior research analyst.

Institutional Investor magazine last October ranked Deutsche Morgan Grenfell in first place-tied with Morgan Stanley, Dean Witter & Co. - for technology research.

Michael Kwatinetz, managing director of equity research for the technology group, said Mr. Burnham is the 18th technology analyst Deutsche Morgan Grenfell has hired in the United States.

While at Piper Jaffray, Mr. Burnham wrote "The Electronic Commerce Report," which will be published by McGraw-Hill this fall.

He also wrote monthly electronic commerce reports and quarterly on-line trading reports.

After earning a bachelor's degree in political science from Washington University, St. Louis, Mr. Burnham became a senior associate in the financial services group at Booz-Allen & Hamilton Inc., a management consulting group in New York, in 1993.

At Booz-Allen, he wrote some of the first studies on Internet banking.

At Deutsche Morgan Grenfell, he will continue to cover on-line commerce, reporting on such companies as Security Dynamics, Checkfree, Broadvision, Sterling Commerce, and E-Trade.

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