Exhibit 11
                              
                              
       STATEMENT RE: COMPUTATION OF EARNINGS PER SHARE
           (In Thousands Except Per Share Amounts)
                              
                                             Primary (1)   Fully Diluted(1)
                                          (In thousands, except per share data)

Three months ended March 31, 1996

Weighed average shares outstanding......        8,968            N/A
Effect of dilutive common stock
  equivalents...........................          492
                                            ----------
Weighted average shares outstanding
  for EPS purposes......................        9,460
Net income..............................       $1,291
                                            ----------
Net income per share (2)................        $0.14
                                            ==========


(1)   As  of  March  31, 1996, options to  purchase  698,558
shares of common stock were outstanding.  In the calculation
of primary net income per share, these options were included
in the average number of common shares outstanding using the
treasury  stock  method based on the average  price  of  the
common stock for the period.

As  the price of the Company's common stock as of March  31,
1996  was  less than the average price for the  three  month
period ended March 31, 1996, the fully diluted earnings  per
share  calculation  for  the  three  month  period  is   not
applicable.

(2)  In accordance with Accounting Principle Board Opinion
No. 15, any reduction of less than 3% need not be considered
dilutive.  Accordingly, the consolidated statements of
operations reflect net income per share and the weighted
average number of shares used in the calculation on a
primary basis only.

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