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THOMSON ADVISORY GROUP REPORTS FIRST QUARTER EARNINGS AND DISTRIBUTION

THOMSON ADVISORY GROUP REPORTS FIRST QUARTER EARNINGS AND DISTRIBUTION
 STAMFORD, Conn., April 16 /PRNewswire/ -- Thomson Advisory Group L.P. (NYSE: TAG) today announced earnings for the three months ended March 31, 1992 of $5.6 million or $.56 per unit, on revenues of $12.7 million. This compares to first quarter 1991 earnings of $4.9 million or $.49 per unit on revenues of $11.5 million. First quarter 1991 results include a non-recurring increase of $900,000 in earnings ($.09 per unit) and $2.0 million in revenues due to Thomson Advisory Group L.P.'s complete adoption of accrual accounting for asset management fees.
 The partnership also declared a first quarter distribution of $.32 per unit. The record date for this distribution will be May 1, 1992. Payment date will be May 10, 1992.
 In addition, Thomson Advisory Group L.P. reported once again that it faces the prospect of losing in September 1992 a substantial majority of the assets in its cash accumulation trust money market funds upon the expiration of its current contract with Prudential Securities. Such contract provides, among other things, that the cash balances of certain Prudential customer accounts be invested in Thomson's Cash Accumulation Trust funds. The partnership would expect such a loss of assets to result in a significant decrease in revenue, without permitting a meaningful corresponding decrease in expenses, causing a material adverse impact on the partnership's earnings. The partnership noted that $2.6 million of its revenue for the first quarter of 1992 came from cash accumulation trust and approximately 79 percent of the assets in cash accumulation trust during the quarter were assets covered by the contract with Prudential. In addition, approximately 20 percent of the assets in cash accumulation trust in the first quarter of 1992 relate to a special Prudential Securities program (not covered by the Prudential contract), under which Prudential Securities determines the advisor for such assets.
 Thomson Advisory Group L.P. manages the Thomson Fund Group mutual funds, and serves as an advisor to private accounts through its Columbus Circle Investors and Foxhall Investment Management divisions. As of March 31, 1992, Thomson Advisory Group L.P. managed approximately $10.0 billion in assets.
 THOMSON ADVISORY GROUP L.P.
 Summary Consolidated Statements of Income
 (Unaudited, in thousands except per unit amounts)
 Three months ended 3/31/92 3/31/91
 Revenues $12,688 $11,478(A)
 Net income 5,646 4,930(A)
 Net income per unit .56 .49(A)
 Quarterly distribution per unit .32 .32
 March 31 1992 1991
 Assets under management (in billions) 10.0 7.6
 (A) Includes first quarter 1991 non-recurring item of approximately $2.0 million in revenues and $900,000 in earnings ($.09 per unit), representing complete adoption of accrual accounting for asset management fees.
 -0- 4/16/92
 /CONTACT: Lesley Cotten of Thomson Advisory Group L.P., 203-352-4933/
 (TAG) CO: Thomson Advisory Group L.P. ST: Connecticut IN: FIN SU: ERN


KD-OS -- NY089 -- 9410 04/16/92 15:04 EDT
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Publication:PR Newswire
Date:Apr 16, 1992
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