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THOMSON ADVISORY GROUP REPORTS THIRD QUARTER EARNINGS AND DISTRIBUTION

 STAMFORD, Conn., Oct. 19 /PRNewswire/ -- Thomson Advisory Group L.P. (NYSE: TAG) today announced earnings for the three months ended Sept. 30, 1993, of $6.2 million, or $.62 per unit, on revenues of $14.4 million. These results include:
 -- the reversal of $720,000 ($.07 per unit) related to the previously announced expense reimbursement agreement between TAG L.P., and its related distributor, Thomson Investor Services Inc. (TIS); and
 -- a non-cash charge of approximately $1,450,000 ($.14 per unit) net of a deferred income tax benefit related to the partnership's 1993 unit option plan and TAG L.P.'s 1993 Deferred Compensation Plan. There may be future non-cash charges or credits related to such plans and any such future charges may be greater or smaller than this quarter's charge.
 These results compare to third quarter 1992 earnings of $5.8 million, or $.58 per unit, on revenues of $13.2 million.
 For the nine months ended Sept. 30,1993, earnings were $17.3 million, or $1.73 per unit, on revenues of $41.2 million. This compares to earnings of $17.0 million, or $1.70 per unit, on revenues of $38.9 million for the nine months ended Sept. 30, 1992.
 TAG L.P. also increased its quarterly distribution rate to $.50 per unit, an increase of $.05 per unit and declared a special distribution of $.25 per unit. The record date for each distribution will be Nov. 1, 1993. Payment date will be Nov. 10, 1993.
 In addition, TAG L.P. announced that Thomson Investor Services Inc. will waive payments to it under the expense reimbursement agreement between TAG L.P. and TIS for the fourth quarter, as it did for the third quarter.
 Thomson Advisory Group L.P. manages the Thomson Fund Group and Cash Accumulation Trust and through its Columbus Circle Investors division serves as adviser to private accounts, mostly institutional. As of Sept. 30, 1993, Thomson Advisory Group L.P. managed approximately $10.7 billion In assets.
 THOMSON ADVISORY GROUP L.P.
 Summary Consolidated Statements of Income
 (Unaudited; in thousands except per-unit amounts)
 Periods ended Three Months Nine Months
 Sept. 30 1993 1992 1993 1992
 Revenues $14,436 $13,248 $41.216 $38,914
 Net income 6,183 5,779 17,337 16,968
 Net income per unit - primary $.62 $.58 $1.73 $1.70
 Net income per unit -
 fully diluted .61 .58 1.72 1.70
 Quarterly distribution
 per unit(A) .50 .32 1.30 .96
 Special distribution per unit(A) .25 -- .25 .40
 Total distribution per unit(A) .75 .32 1.55 1.36
 9/30/93 9/30/92 Sep


te er
 Assets under management (in billions) $10.7 $10.2
 (A) -- Represents distributions paid in arrears with respect to the earnings for the three and nine months ended Sept. 30, 1993 and 1992, respectively.
 -0- 10/19/93
 /CONTACT: Lesley Cotten, 203-352-4933, for Thomson Advisory Group/
 (TAG)


CO: Thomson Advisory Group L.P. ST: Connecticut IN: FIN SU: ERN DIV

CK -- NY101 -- 4216 10/19/93 17:06 EDT
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Publication:PR Newswire
Date:Oct 19, 1993
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