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                   POLICY MANAGEMENT SYSTEMS CORPORATION

                               EXHIBIT INDEX


Exhibit 
Number

10.  MATERIAL CONTRACTS

     A.   Shareholders' Agreement, dated April 26, 1994, among
          Policy Management Systems Corporation, General Atlantic
          Partners 14, L.P. and GAP Coinvestment Partners (Filed
          herewith)

     B.   Registration Rights Agreement, dated April 26, 1994 among
          Policy Management Systems Corporation, General Atlantic
          Partners 14, L.P. and GAP Coinvestment Partners (Filed
          herewith)

     C.   Stock Option/Non-Compete Form Agreement for named
          executive officers together with schedule identifying
          particulars for each named executive officer (Filed
          herewith)