U.S. SECURITIES AND EXCHANGE COMMISSION

                              WASHINGTON D.C. 20549

                                   FORM 12b-25

                                                   SEC File Number 01-10076
                                                        CUSIP Number 038229

                           NOTIFICATION OF LATE FILING
                                  (Check One):

 / / Form 10-K  / / Form 11-K  / / Form 20-F  /X/ Form 10-Q  / / Form N-SAR
          For Period Ended:  November 30, 1995

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If the notification relates to a portion of the filing check above, identify
the Item(s) to which the notification relates: N/A

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PART I -- REGISTRANT INFORMATION

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Full Name of Registrant:   APPLIED RESEARCH CORPORATION

Former Name if Applicable:

Address of Principal Executive Office (Street and Number):

                   8201 Corporate Drive, Ste. 1120
                      Landover, Maryland 20785

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PART II -- RULES 12b-25(b) AND (c)

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If the subject report could not be filed without unreasonable effort or
expense and the registrant seeks relief pursuant to Rule 12b-25(b), the
following should be completed.  (Check box if appropriate)

/ /  (a)  The reasons described in reasonable detail in Part III of this form
     could not be eliminated without unreasonable effort or expense;

/X/  (b)  The subject annual report or semi-annual report/portion thereof will
     be filed on or before the fifteenth calendar day following the prescribed
     due date; or the subject quarterly report/portion thereof will be filed
     on or before the fifth calendar day following the prescribed due date; and

/ /  (c)  The accountant's statement or other exhibit required by Rule 12b-25(c)
     has been attached if applicable.



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PART III -- NARRATIVE

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State below in reasonable detail the reasons why form 10-K, 11-K, 20-F, 10-Q
or N-SAR or portion thereof could not be filed within the prescribed time
period.

     The Registrant is unable to file its Quarterly Report on Form 10-QSB
within the prescribed time period because the Company has experienced some
difficulty in compiling its financial records to complete the preparation of
the unaudited financial statements for the relevant fiscal quarter.

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PART IV -- OTHER INFORMATION

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     (1)  Name and telephone number of person to contact in regard to this
          notification

                          Nathan L. Stone, Esq.
                            1507 Pine Street
                         Boulder, Colorado 80302
                             (303) 449-2100

     (2)  Have all other period reports required under section 13 or 15(d)
of the Securities Exchange Act of  1934 or section 30 of the Investment
Company Act of 1940 during the preceding 12 months or for such shorter period
that the registrant was required to file such report(s) been filed?  If the
answer is no, identify report(s).                              /X/ Yes  / / No

     (3)  Is it anticipated that any significant change in results of
operations from the corresponding period for the last fiscal year will be
reflected by the earnings statements to be included in the subject report or
portion thereof?                                               / / Yes  /X/ No

     If so; attached an explanation of the anticipated change, both narratively
and quantitively, and, if appropriate, state the reasons why a reasonable
estimate of the results cannot be made.

                          APPLIED RESEARCH CORPORATION
                  (Name of Registrant as specified in charter)

has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.

Date:      January 9, 1996             By:  /s/ S.P.S. Anand
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                                            S.P.S. Anand, President and CEO

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