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JMC GROUP, INC. BALANCE SHEET

 SAN DIEGO, Calif., Oct. 28 /PRNewswire/ -- The following balance sheet is to be appended JMC Group, Inc. (NASDAQ: JMCG) earnings (SF012), released today at 4:23 p.m. EDT.:
 JMC GROUP INC. AND SUBSIDIARIES
 Consolidated Balance Sheets (unaudited)
 Sept. 30, 1993 Dec. 31, 1992
 Note A Note B
 Assets
 Cash and cash equivalents $8,474,058 $1,346,248
 Receivable from insurance companies 2,496,974 1,562,991
 Customer Lists -- net of accumulated
 amortization of $2,009,880 in 1993
 and $1,495,092 in 1992 3,203,054 3,717,842
 Furniture, equipment and leasehold
 improvements net of accumulated
 depreciation and amortization of
 $1,019,741 in 1993 and $788,568 in
 1992 1,034,001 699,060
 Deferred taxes 1,434,658 2,820,526
 Other assets 2,021,116 787,200
 Net realizable value of discontinued
 securities businesses -- 3,145,337
 Total Assets $18,663,861 $14,079,204
 Liabilities & Shareholders' Equity
 Liabilities
 Accrued bank fees 1,817,799 1,383,125
 Accrued expenses and other liabilities 899,636 1,325,355
 Due to former officer/shareholder -- 1,358,966
 Allowance for contract cancellations 993,829 657,193
 Accrued payroll and related expenses 1,196,050 706,082
 Loss Reserve for Discontinued
 Operations 983,638 --
 Total Liabilities 5,890,952 5,430,721
 Shareholders' Equity
 Common Stock, $0.01 par value;
 authorized 20,000,000 shares; issued
 and outstanding 6,885,131 shares in
 1993 and 6,829,698 shares in 1992 68,851 68,297
 Additional Paid-in-Capital on Common
 Stock 4,626,295 5,093,955
 Retained Earnings 8,077,763 3,486,231
 Total Shareholders' Equity 12,772,909 8,648,483
 Total Liabilities & Shareholders'
 Equity $18,663,861 $14,079,204
 Note A: The information furnished herein reflects all adjustments (consisting only of normal recurring accruals) which are, in the opinion of management, necessary for a fair presentation of the financial position and the results of operations and changes in cash flows for the periods represented.
 Note B: The balance sheet at Dec. 31, 1992 has been derived from the audited financial statements at that date. It is recommended that these financial statements be read in conjunction with the company's financial statements and notes thereto included in the 10K.
 -0- 10/28/93 AA SF012
 /CONTACT: Doug Sherk or Jenifer Kirtland, 415-296-7383; or Michele Katz or Jill Moskowitz, 212-850-5600, all of Morgen-Walke for JMC/
 (JMCG)


CO: JMC Group Inc. ST: California IN: FIN SU: ERN

SH-BR -- SF012A -- 8155 10/28/93 16:48 EDT
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Publication:PR Newswire
Date:Oct 28, 1993
Words:421
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