<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEET AS OF SEPTEMBER 30, 1999 AND THE
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS FOR THE NINE MONTHS
ENDED SEPTEMBER 30, 1999 OF GREY ADVERTISING INC. AND CONSOLIDATED SUBSIDIARY
COMPANIES AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<MULTIPLIER> 1000

                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-END>                               SEP-30-1999
<CASH>                                         147,735
<SECURITIES>                                    15,267
<RECEIVABLES>                                  846,967
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                             1,156,788
<PP&E>                                         121,855
<DEPRECIATION>                                 151,246
<TOTAL-ASSETS>                               1,530,636
<CURRENT-LIABILITIES>                        1,205,295
<BONDS>                                         78,025
<PREFERRED-MANDATORY>                            9,576
<PREFERRED>                                          0
<COMMON>                                         1,489
<OTHER-SE>                                     159,996
<TOTAL-LIABILITY-AND-EQUITY>                 1,530,636
<SALES>                                        750,908
<TOTAL-REVENUES>                               750,908
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                               738,092
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              14,300
<INCOME-PRETAX>                                 14,902
<INCOME-TAX>                                    14,254
<INCOME-CONTINUING>                            (1,891)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   (1,891)
<EPS-BASIC>                                     (1.06)
<EPS-DILUTED>                                   (1.06)