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THOMSON ADVISORY GROUP REPORTS THIRD QUARTER EARNINGS AND DISTRIBUTION

THOMSON ADVISORY GROUP REPORTS THIRD QUARTER EARNINGS AND DISTRIBUTION
 STAMFORD, Conn., Oct. 15 /PRNewswire/ -- Thomson Advisory Group, L.P. (NYSE: TAG) today announced earnings for the three months ended Sept. 30, 1992 of $5.8 million, or $.58 per unit, on revenues of $13.2 million. This compares to third quarter 1991 earnings of $4.8 million, or $.48 per unit, on revenues of $10.9 million.
 For the nine months ended Sept. 30, 1992, earnings were $17.0 million, or $1.70 per unit, on revenues of $38.9 million. This compares to earnings of $13.7 million, or $1.37 per unit, on revenues of $32.9 million for the nine months ended Sept. 30, 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 also declared a third quarter distribution of $.32 per unit. The record date for this distribution will be Nov. 1, 1992. Payment date will be Nov. 10, 1992.
 As previously announced, 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 are invested in funds of Thomson Advisory Group L.P.'s Cash Accumulation Trust (CAT). THe assets covered under this agreement represented approximately 18 percent of Thomson Advisory Group L.P.'s total assets under management as of Sept. 30, 1992 and 74 percent of the total assets in CAT. The timing of the withdrawal of such assets will be determined by PSI and its clients. Thomson Advisory Group L.P. has been advised by PSI that (i) PSI will communicate in the near future with its clients to facilitate such withdrawal in a manner consistent with the best interest of its clients and (ii) PSI currently anticipates that the withdrawal will take place during February 1993.
 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 division. As of Sept. 30, 1992, Thomson Advisory Group L.P. managed approximately $10.2 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 1992 1991 1992 1991
 Revenues $13,248 $10,923 $38,914 $32,929(A)
 Net income 5,779 4,798 16,968 13,693(A)
 Net income per unit .58 .48 1.70 1.37(A)
 Quarterly distribution
 per unit .32 .32 .96 .96
 Special distribution
 per unit -- -- .40 --
 Total distribution
 per unit(B) .32 .32 1.36 .96
 Sept. 30, 1992 Sept. 30, 1991
 Assets under management
 (in billions) $10.2 $8.5
 (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 earnings for the three and nine months ended Sept. 30, 1992 and 1991, respectively.
 -0- 10/15/92
 /CONTACT: Lesley Cotten of Thomson Advisory Group, 203-352-4933/
 (TAG) CO: Thomson Advisory Group L.P. ST: Connecticut IN: FIN SU: ERN


TM-AH -- NY098 -- 0688 10/15/92 17:25 EDT
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Date:Oct 15, 1992
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