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<PAGE> PAGE 10
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SIGNATURE DAVID GOLDSTEIN
TITLE SECRETARY
<TABLE> <S> <C>
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<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE CUTLER
TRUST SEMI-ANNUAL REPORT DATED DECEMBER 31, 1997 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH REPORT.
</LEGEND>
<CIK> 0000892568
<NAME> THE CUTLER TRUST
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<NAME> CUTLER EQUITY INCOME FUND
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<NAME> THE CUTLER TRUST
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