<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM TUDOR FUND
FOR EMPLOYEES 3/31/96 FORM 10-Q AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               MAR-31-1996
<CASH>                                       4,408,609
<SECURITIES>                                 4,840,102
<RECEIVABLES>                                2,201,387
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                            11,450,098
<PP&E>                                               0
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                              11,450,098
<CURRENT-LIABILITIES>                        1,674,780
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                             0
<OTHER-SE>                                   9,775,318
<TOTAL-LIABILITY-AND-EQUITY>                11,450,098
<SALES>                                      1,365,102
<TOTAL-REVENUES>                             1,365,102
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                               244,848
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                              1,120,254
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 1,120,254
<EPS-PRIMARY>                                   359.58
<EPS-DILUTED>                                        0