Rule 424B3
                                                              File No. 333-11687

                   SUPPLEMENT NO. TWO DATED NOVEMBER 20, 1997
                     TO PROSPECTUS DATED SEPTEMBER 30, 1996
                                  INACOM CORP.
            6% Convertible Subordinated Debentures due June 15, 2006


         All  capitalized  terms  used but not  defined  herein  shall  have the
meanings ascribed to them in the Prospectus dated September 30, 1996,  forming a
part of the Registration  Statement on Form S-3, File No.  333-11687.  Any cross
references in this Supplement refer to portions of the Prospectus.

         The  information  concerning the Selling  Holders listed under "Selling
Holders" in the Prospectus may change from time to time and will be set forth in
supplements, such as this Prospectus Supplement Two.

         The purpose of this Supplement is to add additional  Selling Holders as
of November 20, 1997. The following table sets forth the name of each additional
Selling Holder and (i) the amount of Debentures owned by each additional Selling
Holder as of  November  20,  1997 and (ii) the number of shares of Common  Stock
which  may be  offered  for  the  account  of  such  Selling  Holder  under  the
Prospectus.


                                                Aggregate Principal                         Number of Shares
                                               Amount of Debentures                          of Common Stock
                                                 That May Be Sold                           That May Be Sold*

                                                                                                       
Bear Stearns Securities Corp.                    $       5,000,000                                208,333
Investco Capital Funding, Ltd.                               8,000                                    333
Select Financial Svcs. Inc.                                  5,000                                    208
Tamil Limited                                               12,000                                    500
Stephen S. & Celeste C. Weisglass                           40,000                                   1666
Celeste C. Weisglass                                        40,000                                   1666
Amoco Corp. Master Trust                                   920,000                                 38,333
Minnesota Bakers Union Pension Fund                         30,000                                   1250
Bakers Local 433 Pension Trust                              40,000                                   1666
SSI Balanced Hedge Partnership                              45,000                                   1875
James & Abigail Campbell Foundation                         50,000                                   2083
Estate of James J. Campbell                                 10,000                                    416
Twin City Bakery Drivers Pension Fund                       15,000                                    625
Hawaiian Airlines Pension Plan                             125,000                                   5208
Alliance International Ltd.                                 35,000                                   1458
SSI Aurora Partners, L.P.                                  110,000                                   4583
Bakel International Company Ltd.                           115,000                                   4791
Consolidated Investment Group, Ltd.                         72,000                                   3000
Comarco Corp.                                                8,000                                    333

*Assumes a conversion price of $24.00 per share.


         The Company may from time to time, in accordance with the  Registration
Rights Agreement,  include  additional  Selling Holders in future supplements to
the Prospectus.