SCHEDULE 14A INFORMATION

PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES EXCHANGE ACT OF 1934

Filed by the Registrant [X]

Filed by a Party other than the Registrant [_]

Check the appropriate box:

[_] Preliminary Proxy Statement [_] CONFIDENTIAL, FOR USE OF THE
COMMISSION ONLY (AS PERMITTED BY
RULE 14a-6(e)(2))

[X] Definitive Proxy Statement

[_] Definitive Additional Materials

[_] Soliciting Material Pursuant to (S)240.14a-11(c) or (S)240.14a-12

FACTSET RESEARCH SYSTEMS INC.
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(Name of Registrant as Specified In Its Charter)

FACTSET RESEARCH SYSTEMS INC.

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(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

Payment of Filing Fee (Check the appropriate box):

[ ] $125 per Exchange Act Rules 0-11(c)(1)(ii), 14a-6(i)(1), 14a-6(i)(2) or
Item 22(a)(2) of Schedule 14A.

[_] $500 per each party to the controversy pursuant to Exchange Act Rule 14a-
6(i)(3).

[_] Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11.

(1) Title of each class of securities to which transaction applies:

(2) Aggregate number of securities to which transaction applies:

(3) Per unit price or other underlying value of transaction computed
pursuant to Exchange Act Rule 0-11 (Set forth the amount on which the
filing fee is calculated and state how it was determined):

(4) Proposed maximum aggregate value of transaction:

(5) Total fee paid:

[_] Fee paid previously with preliminary materials.

[_] Check box if any part of the fee is offset as provided by Exchange Act Rule
0-11(a)(2) and identify the filing for which the offsetting fee was paid
previously. Identify the previous filing by registration statement number,
or the Form or Schedule and the date of its filing.

(1) Amount Previously Paid:

(2) Form, Schedule or Registration Statement No.:

(3) Filing Party:

(4) Date Filed:
Notes:

[FactSet Logo Appears Here]

November 26, 1996

Dear Shareholder:

You are cordially invited to attend the annual meeting of shareholders of
FactSet Research Systems Inc. which will be held at the Hyatt Regency Greenwich,
1800 East Putnam Avenue, Old Greenwich, Connecticut, on January 9, 1997, at
10:00 a.m. I look forward to greeting you, our new co-owners.

Details of the business to be conducted at the annual meeting are given in
the attached Notice of Annual Meeting and Proxy Statement.

Whether or not you attend the annual meeting, it is important that your
shares be represented and voted at the meeting. Therefore, I urge you to sign,
date, and promptly return the enclosed proxy in the enclosed postage-paid
envelope. Should you decide to attend the annual meeting you will of course have
the opportunity to vote in person.

On behalf of the Board of Directors, I would like to express our
appreciation for your continued interest in the affairs of the Company.

Sincerely,

Howard E. Wille
Chairman of the Board
and Chief Executive Officer

FACTSET RESEARCH SYSTEMS INC.
ONE GREENWICH PLAZA
GREENWICH, CONNECTICUT 06830
NOTICE OF ANNUAL MEETING OF SHAREHOLDERS
January 9, 1997

To The Shareholders:

The annual meeting of the shareholders of FactSet Research Systems Inc.
will be held at the Hyatt Regency Greenwich, 1800 East Putnam Avenue, Old
Greenwich, Connecticut, on January 9, 1997, at 10:00 a.m. for the following
purposes:

1.To elect a director

2. To ratify the selection of Price Waterhouse LLP as the
independent accountants of the Company for the current fiscal year.

3.To transact such other business as may properly come before the
meeting.

Only shareholders of record at the close of business on November 15, 1996
are entitled to notice of, and to vote at, this meeting.

Ernest S. Wong
Secretary

Greenwich, Connecticut
November 26, 1996

IMPORTANT

Whether or not you expect to attend in person, we urge you to sign, date, and
return the enclosed Proxy at your earliest convenience. This will ensure the
presence of a quorum at the meeting. Promptly signing, dating, and returning the
proxy will save the Company the expenses and extra work of additional
solicitation. An addressed envelope for which no postage is required if mailed
in the United States is enclosed for that purpose. Sending in your Proxy will
not prevent you from voting your stock at the meeting if you desire to do so, as
your proxy is revocable at your option.
- --------------------------------------------------------------------------------

FACTSET RESEARCH SYSTEMS INC.
One Greenwich Plaza
Greenwich, Connecticut 06830

PROXY STATEMENT FOR ANNUAL MEETING
OF SHAREHOLDERS
To be Held January 9, 1997

This proxy Statement, which was first mailed to shareholders on November
26, 1996, is furnished in connection with the solicitation of proxies by the
Board of Directors of FactSet Research Systems Inc. (the "Company"), to be voted
at the annual meeting of the shareholders of the Company, which will be held at
10:00 a.m. on January 9, 1997, at the Hyatt Regency Greenwich, 1800 East Putnam
Avenue, Old Greenwich, Connecticut, and any adjournment thereof, for the
purposes set forth in the accompanying Notice of Annual Meeting of Shareholders.
Shareholders who execute proxies retain the right to revoke them at any time
prior to the exercise of the powers conferred thereby by delivering a signed
statement to the Secretary of the Company at or prior to the annual meeting or
by executing another proxy dated as of a later date. The cost of solicitation of
proxies is to be borne by the Company.

The only outstanding voting security of the Company is common stock, $.01
par value per share ("Common Stock"). Shareholders of record at the close of
business on November 15, 1996 will be entitled to vote at the meeting on the
basis of one vote for each such share held. On November 15, 1996, there were
9,526,354 shares of common stock outstanding.

I. ELECTION OF DIRECTORS AND MANAGEMENT INFORMATION

One director is to be elected at the annual meeting, to hold office until
the next annual meeting of shareholders and until their successors are elected
and qualified. It is intended that the accompanying proxy will be voted in favor
of the following person to serve as director unless the shareholder indicates to
the contrary on the proxy. Management expects that the nominee will be available
for election, but if he is not a candidate at the time the election occurs, it
is intended that such proxy will be voted for the election of another nominee to
be designated by the Board of Directors to fill any such vacancy.

Nominee

Howard E. Wille, Chairman of the Board of Directors, Chief Executive
Officer and Director. Mr. Wille was a founder of the Company in 1978 and has
held his current positions with the Company since that time. From 1966 to 1977,
Mr. Wille was a partner and Director of Research at Faulkner Dawkins & Sullivan,
a Wall Street investment firm, and held a managerial position with Shearson
Hayden Stone after its acquisition of Faulkner Dawkins & Sullivan in 1977. He
was President and Chief Investment Officer of Piedmont Advisory Corporation from
1961 to 1966 and, prior to that time served as a securities analyst, investment
manager and investment counselor for several firms. Mr. Wille received a B.A. in
Philosophy from the City College of New York. Mr. Wille has been a director of
the Company since its formation.

Information Regarding the Board and its Committees

During the fiscal year ended August 31, 1996, the Company had no separate
compensation committee or other committee performing similar functions. Prior to
the initial public offering on June 28, 1996, decisions concerning compensation
of executive officers were made by the Board of Directors which, in fiscal 1996,
consisted of Howard E. Wille, Charles J. Snyder, and Joseph E. Laird.

Information Regarding Beneficial Ownership of
Principal Shareholders, Directors, and Management

The following table sets forth, as of November 15, 1996, certain
information regarding the beneficial ownership of the Company's Common Stock by
(i) each person who is known by the Company to own beneficially more than 5% of
the outstanding shares of the Common Stock, (ii) each director and the Named
Executive Officers of the Company, (iii) all directors and executive officers of
the Company as a group.

Beneficial Ownership of
Common Shares as of
Name November 15, 1996 Percent of Class
-------------- ----------------------- ----------------

Howard E. Wille(1)(2) 2,066,425 21.7%
Charles J. Snyder(1)(3) 1,873,925 19.7
Ernest S. Wong(1) 3,000 see note (4)
Joseph E. Laird, Jr.(1) - -
FactSet Research Inc. Employee
Stock Ownership Plan(1) 787,824 8.3
All directors and executive officers
of the Company as a Group (4 persons) 3,943,350 41.4

- ----------
(1) The address for each of these beneficial owners is FactSet Research Systems
Inc., One Greenwich Plaza, Greenwich, CT 06830.

(2) In addition to the shares of Common Stock held beneficially by Mr. Wille.
Mr. Wille's adult children own beneficially an aggregate of 306,700 shares of
Common Stock and Adelaide P. McManus, Mr. Wille's spouse and the Company's Chief
Administrative Officer, holds options to purchase 60,000 shares of Common Stock.
Mr. Wille disclaims beneficial ownership of such shares.

(3) In addition to the shares of Common Stock held beneficially by Mr. Snyder,
Mr. Snyder's adult children own beneficially an aggregate of 499,200 shares of
Common Stock. Mr. Synder disclaims beneficial ownership of such shares.

(4) Percent of class is less than 0.01%.

Information Regarding Executive Officer Compensation

Cash Compensation

The following table summarizes the compensation paid by the Company to its
executive officers for the fiscal year ended August 31, 1996.

Summary Compensation Table

Annual Compensation Securities
----------------------------------------- Underlying
Other Company
Annual Options/SAR All Other
Name and Principal Position Year Salary Bonus Compensation(1) Grants Compensation(2)
- --------------------------- ---- ------ ----- -------------- ---------- --------------

Howard E. Wille,
Chairman And Chief
Executive Officer............ 1996 $650,000 - $160,000 - $103,000

Charles J. Snyder,
President And Chief
Technology Officer........... 1996 540,000 - 50,000 - 15,000

Ernest S. Wong,
Chief Financial Officer (3).. 1996 40,385 25,000 - - -

John S. Gross, former
Chief Financial Officer (4).. 1996 77,885 25,000 - - -

(1) Represents tax payments made by the Company on behalf of Messrs. Wille and
Snyder.

(2) Represents approximately $118,000 of premiums paid by the Company on key man
life insurance policies for Mr. Wille and Mr. Snyder.

(3) Mr. Wong joined the Company as Senior Vice President and Chief Financial
Officer on June 3, 1996. Mr. Wong received a one-time signing bonus of $25,000
and received options to purchase up to 40,000 shares of Common Stock under the
Company's 1996 Stock Option Plan.

(4) Effective January 3, 1995, Mr. Gross was granted options representing 30,000
shares of Common Stock under the Company's 1994 Stock Option Plan. In February,
1996, Mr. Gross resigned from the Company, at which time he exercised the vested
portion of his options (representing 6,000 shares) and forfeited the unvested
portion (representing 24,000 shares).

Compensation Pursuant to Stock Options

The following table sets forth certain information on option grants in
fiscal 1996 to the Named Executive Officers.

Option Grants In Last Fiscal Year

Individual Grants
----------------------------------------------- Potential Realizable
Number of Percent of Value at
Securities Total Options Assumed Annual Rates of Stock
Underlying Granted to Exercise Price Appreciation for Option Term (2)
Options Employees in Price Expiration --------------------------------------
Name Granted (#)(1) Fiscal Year ($/Share) Date 0% ($) 5% ($) 10% ($)
---- --------------- ----------- --------- ---- ------ ------ -------

Howard E. Wille - 0.00% - N/A - - -
Charles J. Snyder - 0.00% - N/A - - -
Ernest S. Wong 40,000 100.00% $17.00 June 2006 - $427,648 $1,083,745

- ---------

(1) Options were granted pursuant to the 1996 Stock Option Plan. Option exercise
price is the fair market price of the stock when granted. The options have terms
of 10 years (5-year vesting).

(2) Potential realizable values are based on assumed annual rates of return
specified by the Securities and Exchange Commission.

The following table provides information on option exercises in fiscal 1996
by the Named Executive Officers and the value of such officers' unexercised
options at August 31, 1996.

Aggregated Option Exercises In Last Fiscal Year
And Fiscal Year-End Option Values

Number of Securities
Shares Underlying Unexercised Value of Unexercised
Acquired Options at In-the-Money Options at
Acquired Value Fiscal Year-End (#) Fiscal Year-End ($)
On Exercise Realized --------------------------- ---------------------
Name (#) ($) Exercisable Unexercisable Exercisable Unexercisable
---- ----------- -------- ----------- ------------- ----------- -------------

Howard E. Wille - - - - - -
Charles J. Snyder - - - - - -
Ernest S. Wong - - - 40,000 - $130,000
John S. Gross (1) 6,000 $85,800 - - - -

- ---------

(1) In February 1996, Mr. Gross resigned from the Company, at which time he
exercised the vested portion of his options (representing 6,000 shares) and
forfeited the unvested portion (representing 24,000 shares).

Employment Agreements

The Company has entered into employment contracts with Howard E. Wille, the
Company's Chairman and Chief Executive Officer, and Charles J. Snyder, the
Company's President and Chief Technology Officer. Under the agreements, Messrs.
Wille and Synder are employed in their current positions for three-year terms
that renew annually and are terminable by the Company or the executive on one
year's notice. The agreements provide for annual base salaries of $300,000 for
Mr. Wille and $300,000 for Mr. Snyder and entitle each to participate in any
bonus or employee benefit plans and arrangements in effect from time to time. In
the event the employment of Mr. Wille or Mr. Snyder is terminated by the Company
for reasons other than their disability or Cause, as defined in the agreements,
Mr. Wille or Mr. Synder, as the case may be, will be entitled to receive (i) a
lump sum payment of three times the sum of his base salary and the average bonus
paid to him over the prior three calendar years, (ii) three years of continuing
participation in the Company's benefit plans (or, if not possible for any
reason, comparable arrangements providing substantially similar benefits) and
(iii) in the event such termination of employment is in connection with a change
of control (within the meaning of Section 280G of the Internal Revenue Code of
1986) of the Company, reimbursement for any excise taxes incurred as a result of
the termination payments described herein. Also under the agreements, Messrs.
Wille and Snyder will agree not to engage in certain activities in competition
with the Company, including directly or indirectly owning, managing, operating,
joining, controlling, employment by or participation in or consulting for any
business which is similar to or competes with the Company or its subsidiaries,
during the term of their respective employment with the Company and for two
years thereafter.

The Company has also entered into a letter agreement with Ernest S. Wong,
the Company's Senior Vice President and Chief Financial Officer, relating to the
terms of his employment. Under the agreement, Mr. Wong will receive a base
salary of $175,000 per year and a minimum bonus of $50,000 during his first year
of employment. In future years, Mr. Wong's bonus will be at the discretion of
the Board of Directors. Mr. Wong also received a one-time sign-on bonus of
$25,000 in June 1996 and received options to purchase up to 40,000 shares of
Common Stock at $17.00 per share. In addition, in the event Mr. Wong is
terminated by the Company at any time for reasons other than good cause, as set
forth in the agreement, the Company will continue to pay his base salary and
standard employment benefits for twelve months following the date of such
termination. In the event Mr. Wong is terminated for any reason within one year
following a change in control of the Company, as defined in the agreement, Mr.
Wong will be entitled to continue receiving his base salary and standard
employment benefits for two years from the date of such termination.

PERFORMANCE GRAPH

Comparison of Cumulative Total Return Among FactSet Research Systems Inc.,
S&P 500 Index, and NASDAQ Computer Index

[Performance Graph Appears Here]

June 28, July 15, July 31, August 15, August 31,
1996 1996 1996 1996 1996
-------- -------- -------- ---------- ----------

FactSet Research Systems Inc. 100 101 118 115 119
S&P 500 100 94 95 99 97
NASDAQ Computer Index 100 87 92 98 96

FactSet commenced trading on the New York Stock Exchange on June 28, 1996.
The initial public offering price was $17.00 per share. At August 31, 1996 the
price of the stock was $20.25 per share. The stock performance graph assumes an
investment of $100 on June 28, 1996, in FactSet stock and an investment of $100
at that time in each of the S&P 500 Index and the NASDAQ Computer Index.

Certain Transactions

On August 30, 1996, Howard E. Wille, Chairman and Chief Executive Officer
of the Company, repaid in full a note owed to the Company of $3,846,703.

II. RATIFICATION OF SELECTION OF AUDITORS

The Board of Directors will request that the shareholders ratify its
selection of Price Waterhouse LLP, Certified Public Accountants, as independent
accountants for the Company for the current fiscal year. If the shareholders do
not ratify the selection of Price Waterhouse LLP, another firm of certified
public accountants will be selected as independent accountants by the
Board of Directors.

Representatives of Price Waterhouse LLP will be present at the Annual
Meeting, will have an opportunity to make a statement.They will also be
available to respond to appropriate questions.

III. SOLICITATION OF PROXIES

The proxy accompanying this Proxy Statement is solicited by the Board of
Directors of the Company. Proxies may be solicited by officers, directors, and
regular supervisory and executive employees of the Company, none of whom will
receive any additional compensation for their services. Such solicitations may
be made personally, or by mail, facsimile, telephone, telegraph, or messenger.
The Company will pay persons holding shares of common stock in their names or in
the names of nominees, but not owning such shares beneficially, such as
brokerage houses, banks, and other fiduciaries, for the expense of forwarding
solicitation materials to their principals. All of the costs of solicitation of
proxies will be paid by the Company.

IV. VOTE TABULATION

Vote Required

Under the Delaware General Corporation Statutes, the election of the
Company's Directors requires a plurality of the votes represented in person or
by proxy at the meeting and the ratification of the selection of accountants
requires that the votes in favor exceed the votes against. Votes cast by proxy
or in person at the meeting will be tabulated by The Bank of New York.

Effect of an Abstention and Broker Non-Votes

A shareholder who abstains from voting on any or all proposals will be
included in the number of shareholders present at the meeting for purposes of
determining a quorum. Abstentions will not be counted either in favor of or
against the election of the nominees or other proposals. Under the rules of the
National Association of Securities Dealers, brokers holding stock for the
accounts of their clients who have not been given specific voting instructions
as to a matter by their clients may vote their clients' proxies in their own
discretion.

V. PROPOSALS OF SHAREHOLDERS

Proposals of shareholders intended to be presented at the 1998 Annual
Meeting of Shareholders must be received by the Company no later than July 29,
1997, to be included in the Company's Proxy Statement and form of proxy related
to that meeting.

VI. OTHER MATTERS

The Board of Directors does not intend to bring any other business before
the meeting, and so far as is known to the Board, no matters are to be brought
before the meeting except as specified in the notice of the meeting. However, as
to any other business which may properly come before the meeting, it is intended
that proxies, in the form enclosed, will be voted in respect thereof in
accordance with the judgment of the persons voting such proxies.

Ernest S. Wong
Secretary

DATED: Greenwich, Connecticut, November 15, 1996.

A COPY OF THE COMPANY'S FORM 10-K REPORT FOR FISCAL 1996, CONTAINING INFORMATION
ON OPERATIONS, FILED WITH THE SECURITIES AND EXCHANGE COMMISSION MAY BE OBTAINED
BY CONTACTING:

INVESTOR RELATIONS DEPARTMENT
FACTSET RESEARCH SYSTEMS INC.
ONE GREENWICH PLAZA
GREENWICH, CONNECTICUT 06830