SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 10-Q

          [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

                For the quarterly period ended September 30, 1997

                                       OR

          [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

        For the transition period from _______________ to _______________

                         Commission File Number: 1-7675

                        AUDITS & SURVEYS WORLDWIDE, INC.
                        --------------------------------
             (Exact name of registrant as specified in its charter)

         DELAWARE                                       13-1809586
-------------------------------             ------------------------------------
(State or other jurisdiction of             (I.R.S. Employer Identification No.)
incorporation or organization)

650 AVENUE OF THE AMERICAS, NEW YORK, NEW YORK               10011
----------------------------------------------             ---------
 (Address of principal executive offices)                  (Zip Code)

Registrant's telephone number, including area code: (212) 627-9700

         Indicate by check mark whether the registrant (l) has filed all reports
required to be filed by Section 13 or 15(d) of the  Securities  Exchange  Act of
1934  during  the  preceding  12 months  (or for such  shorter  period  that the
registrant was required to file such reports),  and (2) has been subject to such
filing requirements for the past 90 days.

                        Yes [X]              No [_]

         The number of shares  outstanding  of each of the  issuer's  classes of
 common stock, as of November 11, 1997 was:

           CLASS                                           NUMBER OF SHARES
           -----                                           ----------------
Common Stock, $0.01 par value                                 13,108,435



<PAGE>


                        AUDITS & SURVEYS WORLDWIDE, INC.


                                      INDEX


                                                                            PAGE

PART I.  FINANCIAL INFORMATION

Item 1.  Financial Statements.

         Condensed Consolidated Balance Sheets-
            September 30, 1997 and December 31, 1996                         3-4

         Condensed Consolidated Statements of Income-
            Three Months and Nine Months ended September 30, 1997 and 1996     5

         Condensed Consolidated Statements of Cash Flows-
            Nine Months ended September 30, 1997 and 1996                      6

         Condensed Consolidated Statement of Stockholders' Equity-
            September 30, 1997                                                 7

         Notes to Condensed Consolidated Financial Statements                  8

Item 2.  Management's Discussion and Analysis of Financial Condition
         and Results of Operations.                                         9-10


PART II. OTHER INFORMATION

Item 6.  Exhibits and Reports on Form 8-K.                                    11

         Signatures                                                           12


                                       2
<PAGE>


PART I.  FINANCIAL INFORMATION

ITEM 1.   FINANCIAL STATEMENTS

AUDITS & SURVEYS WORLDWIDE, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
================================================================================
(Dollar amounts in thousands)

<TABLE>
<CAPTION>
                                                     SEPT. 30, 1997    DEC. 31,1996
                                                           -------       -------
                                                         (Unaudited)
<S>                                                        <C>             <C>  
ASSETS

CURRENT ASSETS:
       Cash                                                $ 1,072         3,827
       Accounts receivable:
          Billed                                             9,558         9,161
          Unbilled                                           7,085         2,714
       Refundable income taxes                                 120          --
       Prepaid expenses and inventories                      1,696         1,259
       Other current assets                                    847           529
       Net assets held for sale                               --             300
                                                           -------       -------

Total current assets                                        20,378        17,790
                                                           -------       -------

PROPERTY AND EQUIPMENT, NET                                  3,433         2,962

RECEIVABLE FROM SALE OF ASSETS                                --             500
PREPAID PENSION COSTS                                        1,090         1,090
DEFERRED INCOME TAX ASSET                                    2,729         2,906
OTHER ASSETS                                                 1,672         1,725
                                                           -------       -------

TOTAL ASSETS                                               $29,302       $26,973
                                                           =======       =======

</TABLE>


            See notes to condensed consolidated financial statements.

                                       3

<PAGE>


AUDITS & SURVEYS WORLDWIDE, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
================================================================================
(Dollar amounts in thousands)



<TABLE>
<CAPTION>
                                                     SEPT. 30, 1997    DEC. 31,1996
                                                           -------       -------
                                                         (Unaudited)
<S>                                                        <C>             <C>  
LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES:
       Short-term bank debt                                 $  2,500    $   --
       Accounts payable and accrued expenses                   5,190       4,483
       Accrued payroll and bonuses                             1,517       2,505
       Dividends payable                                        --           655
       Customer billings in excess of revenues earned          5,210       5,234
       Income taxes payable                                     --           417
       Current portion of long-term debt                         615         555
       Current portion of capital lease obligations               72          88
                                                            --------    --------

          Total current liabilities                           15,104      13,937
                                                            --------    --------

LONG-TERM DEBT-Net of current portion                          1,857       1,943
CAPITAL LEASE OBLIGATIONS-Net of current portion                 119         153
DEFERRED INCOME TAX LIABILITY                                    464         464
OTHER LIABILITIES                                              1,970       2,009
                                                            --------    --------

          Total liabilities                                   19,514      18,506
                                                            --------    --------

COMMITMENTS AND CONTINGENCIES


STOCKHOLDERS' EQUITY:
       Preferred stock, $1.00 par value, 1,000,000 shares
          authorized and unissued                               --          --
       Common stock, $.01 par value, 30,000,000 shares
          authorized; 13,108,435 shares issued at
          September 30, 1997 and 13,099,103 shares issued
           at December 31, 1996                                  131         131
       Additional paid-in capital                              4,402       4,369
       Retained earnings                                       5,350       3,948
       Cumulative foreign currency translation adjustment        (95)         19
                                                            --------    --------

       Total stockholders' equity                              9,788       8,467
                                                            --------    --------

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                  $ 29,302    $ 26,973
                                                            ========    ========
</TABLE>

            See notes to condensed consolidated financial statements.



                                       4
<PAGE>


AUDITS & SURVEYS WORLDWIDE, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
================================================================================
(Dollar amounts in thousands except for per share data)

<TABLE>
<CAPTION>
                                   THREE MONTHS ENDED SEPT. 30,    NINE MONTHS ENDED SEPT. 30,
                                   ----------------------------    ---------------------------
                                        1997           1996            1997           1996
                                    ------------   ------------    ------------   ------------
<S>                                 <C>            <C>             <C>            <C>         
REVENUES                            $     16,970   $     14,697    $     49,903   $     44,997
                                    ------------   ------------    ------------   ------------

COSTS AND EXPENSES:
     Direct costs                          8,320          6,643          24,342         21,091
     Selling, general and
        administrative expense             7,387          6,447          21,424         18,778
     Incentive bonuses                       453            514           1,405          1,727
     Interest expense                        104             68             240            245
     Other expense (income) - net             73            (88)            116           (314)
                                    ------------   ------------    ------------   ------------

TOTAL COSTS AND EXPENSES                  16,337         13,584          47,527         41,527
                                    ------------   ------------    ------------   ------------

INCOME BEFORE PROVISION
    FOR INCOME TAXES                         633          1,113           2,376          3,470

PROVISION FOR
    INCOME TAXES                             259            501             974          1,566
                                    ------------   ------------    ------------   ------------

NET INCOME                          $        374   $        612    $      1,402   $      1,904
                                    ============   ============    ============   ============

NET INCOME PER SHARE                $        .03   $        .05    $        .11   $        .15
                                    ============   ============    ============   ============

WEIGHTED AVERAGE NUMBER
     OF  COMMON SHARES
     OUTSTANDING                      13,106,551     13,099,103      13,103,095     13,099,103
                                    ============   ============    ============   ============
</TABLE>



            See notes to condensed consolidated financial statements




                                       5
<PAGE>
AUDITS & SURVEYS WORLDWIDE, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
================================================================================
(Dollar amounts in thousands)
<TABLE>
<CAPTION>
                                                                    NINE MONTHS ENDED SEPT.30
                                                                    -------------------------
                                                                        1997       1996
                                                                      -------    -------
<S>                                                                     <C>      <C>    
CASH FLOW FROM OPERATING ACTIVITIES:
       Net income                                                       1,402    $ 1,904
       Adjustments to reconcile net income to net cash
          (used in) provided by operating activities:
          Depreciation and amortization                                   765        541
          Deferred income taxes                                           177         68
          Amortization of deferred charges                                288         19
          Accrued rent                                                    144        (13)
          Changes in operating assets and liabilities:
              Accounts receivable                                      (4,768)       888
              Prepaid expenses and inventories                           (436)      (267)
              Other current assets                                        (18)      (143)
              Other assets                                                263        275
              Income taxes payable                                       (537)     1,128
              Accounts payable and accrued expenses                       707       (767)
              Accrued payroll and bonuses                                (989)       381
              Customer billings in excess of revenues earned              (23)    (1,016)
              Other                                                      (181)       (89)
                                                                      -------    -------
                Net cash (used in) provided by operating activities    (3,206)     2,909
                                                                      -------    -------

CASH FLOWS FROM INVESTING ACTIVITIES:
       Purchases of property and equipment                               (806)      (418)
       Payment of merger costs                                           --         (124)
       Proceeds from sale of assets                                      --          650
                                                                      -------    -------
               Net cash (used in) provided by investing activities       (806)       108
                                                                      -------    -------

CASH FLOWS FROM FINANCING ACTIVITIES:
       Proceeds from bank borrowings                                    2,500      1,931
       Dividends to stockholders                                         (655)      --
       Principal payments of debt                                        (457)    (3,799)
       Principal payments of capital lease obligations                    (50)       (35)
       Issuance of common stock and directors' options                     33          7
                                                                      -------    -------
               Net cash provided by (used in)  financing activities     1,371     (1,896)
                                                                      -------    -------

EFFECT OF EXCHANGE RATE DIFFERENCES ON CASH                              (114)        36
                                                                      -------    -------

NET (DECREASE) INCREASE IN CASH                                        (2,755)     1,157

CASH, BEGINNING OF PERIOD                                               3,827        936
                                                                      -------    -------

CASH, END OF PERIOD                                                   $ 1,072    $ 2,093
                                                                      =======    =======

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
       Cash paid during the period for:Interest                       $   234    $   319
                                                                      =======    =======

                                       Income taxes                   $ 1,302    $   366
                                                                      =======    =======

SUPPLEMENTAL DISCLOSURE OF NON CASH
INVESTING AND FINANCING ACTIVITIES:
       Financing of capital improvements                              $   430

</TABLE>

            See notes to condensed consolidated financial statements.

                                       6
<PAGE>


AUDITS & SURVEYS WORLDWIDE, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (UNAUDITED)
================================================================================
(Dollar amounts in thousands)

<TABLE>
<CAPTION>
                                                                                        CUMULATIVE
                                                                                         FOREIGN
                                                             ADDITIONAL                  CURRENCY
                                 COMMON        STOCK          PAID-IN       RETAINED    TRANSLATION
                                 SHARES       AMOUNT          CAPITAL       EARNINGS    ADJUSTMENT         TOTAL
                               ----------    -----------    -----------   -----------   -----------    -----------
<S>                            <C>           <C>            <C>           <C>           <C>            <C>        
BALANCE
DECEMBER 31, 1996              13,099,103    $       131    $     4,369   $     3,948   $        19    $     8,467

     Net income                      --             --             --           1,402          --            1,402

     Shares issued upon
     exercise of employee
     stock options                  9,332           --               18          --            --               18

     Directors' options              --             --               15          --            --               15

     Foreign Currency
     Translation Adjustment          --             --             --            --            (114)          (114)
                               ----------    -----------    -----------   -----------   -----------    -----------


BALANCE
SEPTEMBER 30, 1997             13,108,435    $       131    $     4,402   $     5,350   $       (95)   $     9,788
                               ==========    ===========    ===========   ===========   ===========    ===========
</TABLE>


            See notes to condensed consolidated financial statements.



                                       7
<PAGE>


                AUDITS & SURVEYS WORLDWIDE, INC. AND SUBSIDIARIES
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

1. BASIS OF PRESENTATION

The  accompanying   condensed  consolidated  financial  statements  include  the
accounts of Audit & Surveys  Worldwide,  Inc. (the  "Company")  and its majority
owned  subsidiary,  Audits & Surveys Europe,  Ltd. All significant  intercompany
transactions and balances have been eliminated.

The 1997 and 1996 condensed consolidated financial statements have been prepared
by the Company and are unaudited. In the opinion of the Company's management all
adjustments  (consisting  only of normal  recurring  adjustments)  necessary  to
present fairly the financial position,  results of operations and cash flows for
the interim periods have been made. Certain information and footnote disclosures
required under generally accepted  accounting  principles have been condensed or
omitted from the  consolidated  financial  statements  pursuant to the rules and
regulations   of  the  Securities   and  Exchange   Commission.   The  condensed
consolidated financial statements presented herein should be read in conjunction
with the year-end  consolidated  financial statements and notes thereto included
in the  Company's  Annual  Report on Form 10-K for the year ended  December  31,
1996. The results of operations for the three-month and nine month periods ended
September 30, 1997 are not necessarily  indicative of the results to be expected
for any other interim period or for the entire year.



                                       8
<PAGE>


ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
         RESULTS OF OPERATIONS.



RESULTS OF OPERATIONS


Revenues for the third quarter of 1997 increased 15.5% to $16.9 million compared
with $14.7  million in the third  quarter of 1996.  Revenues  for the first nine
months of 1997  increased  $4.9 million  (10.9%) to $49.9 million  compared with
$45.0  million in the first nine months of 1996.  The  increases in revenues for
the  third  quarter  and for the nine  month  period  of 1997  were  principally
attributable  to  higher  revenues  from  international  and  domestic  consumer
tracking studies and several syndicated media research services.

Direct costs,  as a percentage of revenues,  were 49.0% in the third quarter and
48.8%  in the  first  nine  months  of  1997  compared  with  45.2%  and  46.9%,
respectively,  in the same  periods  of 1996.  The  period to period  changes in
direct costs, as a percentage of revenue, reflect changes in the mix of research
revenues. In addition, direct costs in 1997 include higher costs incurred in the
development of expanded syndicated  research services.  Such syndicated services
include a program which tracks personal computer sales in eight Western European
countries and a program to provide primary audience database research to monitor
household  demographics,   product  usage  and  lifestyles  of  subscribers  and
newsstand buyers of U.S. magazines.

Selling,  general  and  administrative  (SG&A)  expenses  increased  $.9 million
(14.6%) in the third  quarter and $2.6 million  (14.1%) in the first nine months
of 1997.  Approximately  77% and 73% of the SG&A  increases in the third quarter
and nine month  period,  respectively,  were in payroll  and  related  costs and
resulted  from the addition of personnel as well as normal  salary  adjustments.
The costs associated with additional  personnel include the staffing of the Asia
Pacific office in Manila,  which opened in early 1997, expansion of the research
staffs in the U.S.  as well as at Audits & Surveys  Europe,  Ltd.  in London and
additions to technical support staff,  particularly in information services. The
remainder  of the  increases in SG&A  expenses was spread over various  expenses
such as rent, utilities, depreciation and computer costs.

The  provision for incentive  bonuses was  approximately  12% lower in the third
quarter  and 19% lower in the first nine months of 1997  compared  with the same
periods of 1996. The lower provisions resulted from the decrease in year-to-date
operating income on which the incentive bonuses are calculated.

Other  expense  increased  in the third  quarter  and first nine  months of 1997
principally as a result of the termination of a sublease between the Company and
a subtenant for a portion of the space at the Company's New York headquarters. A
significant  portion of the space  previously  occupied by the subtenant will be
occupied by the Company to accommodate additional personnel.

Income  taxes for the third  quarter  and  first  nine  months of 1997 have been
provided  at  approximately  41% of reported  pretax  income  compared  with 45%
provided in the third  quarter  and first nine  months of 1996.  The interim tax
provisions are based on estimates of the effective tax rate  anticipated for the
full year.



                                       9
<PAGE>



FINANCIAL CONDITION AND LIQUIDITY

At  September  30, 1997,  the Company had working  capital of $5.3 million and a
current ratio of 1.35 to 1 compared  with working  capital of $3.9 million and a
current ratio of 1.28 to 1 at December 31, 1996.

Cash flow from  operations and borrowings  under its credit  facilities with its
bank are the Company's  principal  sources of funds. The Company's cash flow and
borrowings  have  historically  been  sufficient  to provide  funds for  working
capital,  capital  expenditures and payment of  indebtedness.  In June 1997, the
Company's secured line of credit with its bank was extended to June 30, 1998 and
was increased from $2,500,000 to $4,000,000.

Net cash used in operating activities was $3,206,000 consisting primarily of net
income of $1,402,000 plus non-cash  expenses of $1,374,000  offset  primarily by
increases in accounts  receivable  of  $4,768,000  and decreases in income taxes
payable of $537,000 and accrued payroll and bonuses of $989,000.

Net cash used in investing  activities was $806,000 resulting from the purchases
of equipment.

Net cash provided by financing activities was $1,371,000 consisting primarily of
net proceeds from short term bank borrowings of $2,500,000 offset by payments of
dividends to  stockholders  of $655,000 and  repayments of bank  borrowings  and
other debt of $507,000.

The Company  believes that its credit  arrangements  with its bank combined with
funds  generated by its operations  will be adequate to fund its planned capital
expenditures,  meet its debt obligations and finance its operations for at least
the next twelve months.



                                       10
<PAGE>


                           PART II - OTHER INFORMATION


ITEM 6.       EXHIBITS AND REPORTS ON FORM 8-K.*

         a.   Exhibits:


              27.01     Financial Data Schedule

         b. Reports on Form 8-K:

              The  Company  did not file any  reports  on Form  8-K  during  the
              quarterly period ended September 30, 1997.
















------------------------
*         There is no instrument defining the right of holders of long-term debt
          of the  Company  or of any of its  subsidiaries  other  than where the
          total amount of securities  authorized  thereunder does not exceed 10%
          of  the  total  assets  of  the  Company  and  its  subsidiaries  on a
          consolidated  basis. In accordance with paragraph  (b)(4)(iii) of Item
          601 of Regulation S-K, the Company agrees to furnish to the Securities
          and Exchange Commission, upon request, copies of any such instrument.



<PAGE>


                                   SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the Company
has duly  caused  this  report  to be signed  on its  behalf by the  undersigned
thereunto duly authorized.

                                          AUDITS & SURVEYS WORLDWIDE, INC.




NOVEMBER 12, 1997                         By: /S/  H. ARTHUR BELLOWS, JR.
-----------------                             ---------------------------
Date                                               H. Arthur Bellows, Jr.
                                                   President


                                          By: /S/   ALAN J. RITTER
                                              ---------------------------
                                                   Alan J. Ritter
                                                   Senior Vice President
                                                   Chief Financial Officer


<PAGE>





                                  EXHIBIT INDEX



EXHIBIT NUMBER             DESCRIPTION OF EXHIBIT
--------------             ----------------------


27.01                      Financial Data Schedule