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