<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from JMC Group, 
Inc.'s 1996 first quarter 10-Q and and is qualified in its entirety
by references to such 10-Q filing.
</LEGEND>
<CIK> 0000746425
<NAME> JMC GROUP, INC.
<MULTIPLIER> 1000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               MAR-31-1996
<CASH>                                            4135
<SECURITIES>                                         0
<RECEIVABLES>                                     1277
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                  7086
<PP&E>                                            1763
<DEPRECIATION>                                    1478
<TOTAL-ASSETS>                                    9800
<CURRENT-LIABILITIES>                             2616
<BONDS>                                              0
<COMMON>                                            62
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                        7122
<TOTAL-LIABILITY-AND-EQUITY>                      9800
<SALES>                                              0
<TOTAL-REVENUES>                                  2840
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                                  3048
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                                  (208)
<INCOME-TAX>                                      (76)
<INCOME-CONTINUING>                              (132)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     (132)
<EPS-PRIMARY>                                    (.02)
<EPS-DILUTED>                                    (.02)