WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

  

                                           EXHIBIT 27
                                      FINANCIAL DATA SCHEDULE

                                       TREMONT ADVISERS, INC.
                                         SEPTEMBER 30, 1998

<ARTICLE>                     5

       
<LEGEND>
   
     THIS SCHEDULE CONTAINS  UNAUDITED SUMMARY FINANCIAL  INFORMATION  EXTRACTED
FROM THE CONDENSED FINANCIAL  STATEMENTS AS OF SEPTEMBER 30, 1998 AND FOR PERIOD
THEN ENDED.  THIS  INFORMATION IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
CONDENSED FINANCIAL STATEMENTS. 

</LEGEND>
<CIK>     0000880320                        
<NAME>   Tremont Advisers, Inc.                   
<MULTIPLIER>                                   1
<CURRENCY>                                     US
       
                             
<PERIOD-TYPE>                                  9-MOS
<FISCAL-YEAR-END>                              DEC-30-1998
<PERIOD-START>                                 JAN-30-1998
<PERIOD-END>                                   SEP-30-1998                               
<EXCHANGE-RATE>                                1
<CASH>                                         1,322,228
<SECURITIES>                                   0
<RECEIVABLES>                                  2,703,509
<ALLOWANCES>                                   (35,000)
<INVENTORY>                                    0
<CURRENT-ASSETS>                               4,195,709
<PP&E>                                         849,796
<DEPRECIATION>                                 (479,139)
<TOTAL-ASSETS>                                 6,854,787
<CURRENT-LIABILITIES>                          1,389,687
<BONDS>                                        0
<PREFERRED-MANDATORY>                          0
<PREFERRED>                                    0
<COMMON>                                       42,193
<OTHER-SE>                                     4,919,834
<TOTAL-LIABILITY-AND-EQUITY>                   6,854,787
<SALES>                                        0
<TOTAL-REVENUES>                               7,623,468
<CGS>                                          0
<TOTAL-COSTS>                                  5,806,582
<OTHER-EXPENSES>                               0
<LOSS-PROVISION>                               0
<INTEREST-EXPENSE>                             0
<INCOME-PRETAX>                                1,773,378
<INCOME-TAX>                                   655,594
<INCOME-CONTINUING>                            1,117,784
<DISCONTINUED>                                 0
<EXTRAORDINARY>                                0
<CHANGES>                                      0
<NET-INCOME>                                   1,117,784
<EPS-PRIMARY>                                  0.27
<EPS-DILUTED>                                  0.26