<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINACIAL INFORMATION EXTRACTED FROM TUDOR FUND FOR EMPLOYEES L.P. FORM 10-Q FOR THE THREE MONTH ENDED MARCH 31,1997 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> MAR-31-1997 <CASH> 1,398,324 <SECURITIES> 7,325,181 <RECEIVABLES> 3,760,526 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 12,484,031 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 12,484,031 <CURRENT-LIABILITIES> 1,189,046 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 11,294,985 <TOTAL-LIABILITY-AND-EQUITY> 12,484,031 <SALES> 1,898,046 <TOTAL-REVENUES> 1,898,046 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 219,795 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 1,678,251 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,678,251 <EPS-PRIMARY> 536.73 <EPS-DILUTED> 0