<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from JMC Group,
Inc's Form 10-Q and is qualified in its entirety by reference to such 10-Q
filing.
</LEGEND>
<CIK> 0000746425
<NAME> JMC GROUP, INC.
<MULTIPLIER> 1000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               MAR-31-1997
<CASH>                                            4420
<SECURITIES>                                         0
<RECEIVABLES>                                      982
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                  7841
<PP&E>                                            1674
<DEPRECIATION>                                    1447
<TOTAL-ASSETS>                                    8798
<CURRENT-LIABILITIES>                             2710
<BONDS>                                              0
<PREFERRED-MANDATORY>                               60
<PREFERRED>                                          0
<COMMON>                                             0
<OTHER-SE>                                        6028
<TOTAL-LIABILITY-AND-EQUITY>                      8798
<SALES>                                              0
<TOTAL-REVENUES>                                  1206
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                                  1618
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                                  (412)
<INCOME-TAX>                                     (161)
<INCOME-CONTINUING>                              (251)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     (251)
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