VIALOG CORPORATION
CALCULATION OF SHARES USED IN DETERMINING LOSS PER SHARE
FOR THE THREE MONTHS ENDED MARCH 31, 1997 AND 1998
THREE MONTHS ENDED MARCH 31,
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1997 1998
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BASIC LOSS PER SHARE
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Weighted average number of common shares
outstanding 2,747,300 3,542,668
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THREE MONTHS ENDED MARCH 31,
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1997 1998
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DILUTED LOSS PER SHARE
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Weighted average number of common shares
outstanding 2,747,300 3,542,668
Common stock equivalents - -
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Total 2,747,300 3,542,668
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