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THOMSON ADVISORY GROUP REPORTS FOURTH QUARTER AND YEAR-END RESULTS

 STAMFORD, Conn., Jan. 19 /PRNewswire/ -- Thomson Advisory Group L.P. (NYSE: TAG) today announced earnings for the three months ended Dec. 31, 1992 of $6.7 million or $.67 per unit, compared to $5.1 million or $.51 per unit for the fourth quarter of 1991. Revenues for the three months were $13.6 million, versus $12.1 million for the same period in 1991.
 For the year ended Dec. 31, 1992, earnings were $23.6 million or $2.36 per unit on revenues of $52.5 million. This compares to earnings of $18.8 million or $1.88 per unit on revenues of $45.0 million for the year ended Dec. 31, 1991. The 1991 results include a non-recurring increase in first quarter 1991 earnings and revenues of approximately $900,000 and $2.0 million respectively, representing Thomson Advisory Group L.P.'s complete adoption of accrual accounting for asset management fees.
 The partnership declared a fourth quarter distribution of $.35 per unit, which represents an increase of $.03 per unit over the previous quarterly distribution. The partnership also declared a special year- end distribution of $.55 per unit for a total of $.90 per unit. The record date for each distribution will be Feb. 1, 1993 and the payment date will be Feb. 10, 1993.
 Thomson Advisory Group L.P. also reported an increase in total assets under management to $10.6 billion, up from $9.5 billion a year earlier and $10.2 billion at Sept. 30, 1992. As of Dec. 31, 1992 separate accounts made up $5.6 billion of the partnership's total assets, with the Thomson Fund Group mutual funds contributing $2.6 billion and the cash accumulation trust funds $2.4 billion.
 As previously reported, Sept. 30, 1992 marked the expiration of Thomson Advisory Group L.P.'s agreement with Prudential Securities Incorporated (PSI), under which the cash balances of certain PSI customers were invested in funds of Thomson Advisory Group L.P.'s Cash Accumulation Trust (CAT). At year end, the CAT assets covered under this agreement totaled $1.7 billion.
 Thomson Advisory Group L.P. has been advised by PSI that it currently anticipates that the transfer of the assets covered by this agreement will take place during early February 1993. It is expected that approximately 70 percent of such CAT funds will be transferred and that, after such transfer, two of the three CAT funds will be liquidated. Thomson Advisory Group L.P. repeated that it expected such a loss of assets to result in a significant decrease in revenue, without a meaningful corresponding decrease in expenses, causing a material adverse impact on the partnership's earnings.
 Thomson Advisor Group L.P. manages the Thomson Fund Group mutual funds, and serves as an advisor to private accounts through its Columbus Circle Investors division.
 THOMSON ADVISOR GROUP L.P.
 Summary Consolidated Statements of Income
 (Unaudited, in thousands except per unit amounts)
 Period ended Three Months Year
 Dec. 31, 1992 1991 1992 1991
 Revenues $13,581 $12,086 $52,495 $45,015(A)
 Net income 6,680 5,141 23,648 18,834(A)
 Net income per unit .67 .51 2.36 1.88(A)
 Quarterly distribution
 per unit(B) .35 .32 1.31 1.28
 Special distribution
 per unit(B) .55 .54 .95 .54
 Total distributions
 per unit(B) .90 .86 2.26 1.82
 12/31/92 12/31/91
 Assets under management (in billions) $10.6 $9.5
 NOTE: (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.
 (B) Represents distributions paid in arrears with respect to the three and twelve month periods ended Dec. 31, 1992 and 1991, respectively.
 -0- 1/19/93
 /CONTACT: Andrew Meyers of Thomson Advisory Group L.P., 203-352-4940/
 (TAG)


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

AH-LD -- NY091 -- 6590 01/19/93 17:27 EST
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Date:Jan 19, 1993
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