Registration No. 333-

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
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THE BISYS GROUP, INC.
(Exact name of Registrant as specified in its charter)

Delaware 13-3532663
(State or Other (I.R.S. Employer
Jurisdiction of Identification Number)
Incorporation or
Organization)

150 Clove Road
Little Falls, New Jersey 07424-2136
(Address of Principal Executive Offices) (Zip Code)

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The BISYS Group, Inc.
Employee Stock Options
(Full Title of the Plan)

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KEVIN J. DELL, ESQ.
Vice President, General Counsel and Secretary
The BISYS Group, Inc.
150 Clove Road
Little Falls, New Jersey 07424-2136
(Name and address of agent for service)

(973)812-8600
(Telephone number, including Area Code, of Agent for Service)

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CALCULATION OF REGISTRATION FEE

- -----------------------------------------------------------------------------------------------------
Proposed Proposed
maximum maximum
Title of securities Amount to be offering price per aggregate Amount of
to be registered registered share (1) offering price (1) registration fee
- -----------------------------------------------------------------------------------------------------

Common Stock, $.02 par value 91,080 $30.00 $2,732,400 $828.00
(including Common Stock Shares
purchase rights) (2)
- -----------------------------------------------------------------------------------------------------

(1) Calculated pursuant to Rule 457(c) and 457(h) using the average of the
high and low prices reported on the Nasdaq National Market on October 28,
1997.

(2) Prior to the occurrence of certain events, purchase rights for Common
Stock will not be evidenced separately from the Common Stock.

EXPLANATORY NOTE

This Registration Statement has been prepared in accordance with the
requirements of Form S-8 to register shares of the Registrant's common stock,
$.02 par value ("Common Stock"), issuable pursuant to the exercise of certain
stock options ("Stock Options") held by two employees of the Company who were
former employees of Charter Systems, Inc. ("Charter"). Said Stock Options
were assumed by the Company in connection with the Company's acquisition of
Charter by merger on August 15, 1997.

PART I

INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS

Pursuant to Rule 428(b)(1) under the Securities Act of 1933,
as amended (the "Act"), the documents containing the information specified in
this Part I will be sent or given to holders of the Stock Options. These
documents, together with the documents incorporated by reference herein
pursuant to Item 3 of Part II below, taken together, constitute a prospectus
that meets the requirements of Section 10(a) of the Act.

PART II

INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

Item 3. Incorporation of Documents by Reference.

There are hereby incorporated by reference herein the following
documents which have been filed with the Securities and Exchange Commission
(the "Commission"):

(a) the Registrant's Annual Report on Form 10-K for the fiscal year
ended June 30, 1997 (file no. 33-45417) that contains audited financial
statements for the Registrant's fiscal year ended June 30, 1997;

(b) all other reports filed pursuant to Section 13(a) or 15(d) of the
Securities Exchange Act of 1934 (the "Exchange Act") since the end of the
Company's fiscal year ended June 30, 1997; and

(c) the description of Common Stock and purchase rights for shares of
Common Stock associated with Common Stock set forth in the Company's
registration statements on Form 8-A filed with the Commission pursuant to
Section 12 of the Exchange Act and any amendment or report filed for the
purpose of updating such descriptions.

All documents filed by the Registrant pursuant to Sections 13(a), 13(c),
14 and 15(d) of the Exchange Act after the date of this Registration
Statement and prior to the filing of a post-effective amendment hereto that
indicates that all securities offered have been sold or that deregisters all
such securities then remaining unsold, shall be deemed to be incorporated by
reference herein and to be a part hereof from the date of filing of such
documents.

Any statement contained in a document incorporated by reference herein
shall be deemed to be modified or superseded for purposes of this
Registration Statement to the extent that a statement contained herein or in
any other subsequently filed document that also is incorporated or deemed to
be incorporated by reference herein modifies or supersedes such statement.
Any such statement so modified or superseded shall not be deemed, except as
so modified or superseded, to constitute a part of this Registration
Statement.

Item 4. Description of Securities.

Not applicable.

Item 5. Interests of Named Experts and Counsel.

None.

Item 6. Indemnification of Directors and Officers.

The Registrant is organized under the laws of the State of Delaware.
Section 145 of the Delaware General Corporation Law permits a Delaware
corporation to indemnify any person who is a party (or is threatened to be
made a party) to any threatened, pending or completed action, suit or
proceeding whether civil, criminal, administrative or investigative (other
than an action by or in the right of the corporation) by reason of the fact
that he or she is or was a director, officer, employee or agent of the
corporation or is or was serving at the request of the corporation as a
director, officer, employee or agent of another corporation or enterprise. A
corporation may similarly indemnify such person in the case of actions or
suits brought by or in the right of the corporation, except (unless otherwise
ordered by the court) that no indemnification shall be made in respect of any
claim, issue or matter as to which such person shall have been adjudged to be
liable to the corporation.

A corporation may indemnify such person against expenses (including
attorneys' fees), judgments, fines and amounts paid in settlement actually
and reasonably incurred by such person in connection with such action, suit
or proceeding if he acted in good faith and in a manner he reasonably
believed to be in or not opposed to the best interests of the corporation,
and, with respect to any criminal action or proceeding, had no reasonable
cause to believe his conduct was unlawful. Any indemnification shall be made
by the corporation only as authorized in the specific case upon a
determination that indemnification is proper in the circumstances because the
person has met the aforesaid standard of conduct. Such determination shall
be made (1) by a majority vote of the directors who were not parties to the
action, suit, or proceeding, whether or not a quorum, or (2) if there are no
such directors, or if such directors so direct, by independent legal counsel
in a written opinion, or (3) by the stockholders. To the extent that a
director, officer, employee or agent of a corporation has been successful on
the merits, or otherwise, in defense of any action, suit or proceeding
described above, or in defense of any claim, issue or matter therein, such
person shall be indemnified against expenses (including attorneys' fees)
actually and reasonably incurred in connection therewith. The statute also
provides that it is not exclusive of any other rights to which those seeking
indemnification may be entitled under any by-laws, agreement, vote of
stockholders or disinterested directors or otherwise. The Registrant's
By-Laws provide for the indemnification of its directors and officers to the
fullest extent permitted by law.

Section 102(b)(7) of the Delaware General Corporation Law allows a
Delaware corporation to limit or eliminate the personal liability of
directors to the corporation and its stockholders for monetary damages for
breach of fiduciary duty as a director. However, this provision excludes any
limitation on liability (1) for any breach of the director's duty of loyalty
to the corporation or its stockholders, (2) for acts or omissions not in good
faith or which involved intentional misconduct or a knowing violation of law,
(3) for intentional or negligent payment of unlawful dividends or stock
purchases or redemptions, or (4) for any transaction from which the director
derived an improper benefit. Moreover, while this provision provides
directors with protection against awards for monetary damages for breaches of
their duty of care, it does not eliminate such duty. Accordingly, this
provision will have no effect on the availability of equitable remedies such
as an injunction or rescission based on a director's breach of his or her
duty of care. Finally, this provision applies to an officer of a corporation
only if he or she is a director of such corporation and is acting in his or
her capacity as director, and does not apply to officers of the corporation
who are not directors.

The Registrant's Certificate of Incorporation provides for the
limitation on liability permitted by Section 102(b)(7). The Registrant
maintains directors and officers' liability insurance.

Item 7. Exemption from Registration Claimed.

Not applicable.

Item 8. Exhibits.

Exhibit
Number Description
- ------ -----------

4.1 Amended and Restated Certificate of Incorporation of The BISYS
Group, Inc. (incorporated by reference to Exhibit 4.1 to the
Registrant's Registration Statement on Form S-8, No. 333-02932).

4.2 Amended and Restated By-laws of The BISYS Group, Inc.
(incorporated by reference to Exhibit 3.2 to the Registrant's
Annual Report on Form 10-K for the fiscal year ended June 30,
1997 filed with the Securities and Exchange Commission on
September 29, 1997).

4.3 Agreement and Plan of Merger dated as of August 5, 1997 among
the Registrant, BICHART Acquisition Corp., Charter Systems,
Inc., and the stockholders of Charter Systems, Inc.
(incorporated by reference to the Registrant's Registration
Statement on Form S-3, No. 333-37109).

4.4.* Non-Qualified Stock Option Agreement dated as of June 30, 1995,
by and between Charter Systems, Inc. (formerly called HARRIS
CLARKE SYSTEMS, INC. (d/b/a New England Systems)) and Philip
Kubat.

4.5* Non-Qualified Stock Option Agreement dated as of June 30, 1995
by and between Charter Systems, Inc. (formerly called HARRIS
CLARKE SYSTEMS, INC. (d/b/a New England Systems) ) and Carl
Caron.

4.6 Rights Agreement dated as of May 8, 1997 by and between The
BISYS Group, Inc. and The Bank of New York, as Rights Agent
(including the form of Rights Certificate as Exhibit A)
(incorporated by reference to Exhibit 2.1 of Form 8-A filed
on May 8, 1997 with the Securities and Exchange Commission).

5* Opinion of Shanley & Fisher, P.C.

23.1* Consent of Shanley & Fisher, P.C. (included in Exhibit 5).

23.2* Consent of Coopers & Lybrand L.L.P.

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* Filed herewith.

Item 9. Undertakings.

(a) The undersigned Registrant hereby undertakes:

(1) To file, during any period in which offers or sales are
being made, a post-effective amendment to this registration
statement:

(i) To include any prospectus required by Section 10(a)(3)
of the Securities Act of 1933;

(ii) To reflect in the prospectus any facts or events
arising after the effective date of the registration statement (or
the most recent post-effective amendment thereof) which, individually
or in the aggregate, represent a fundamental change in the
information set forth in the registration statement. Notwithstanding
the foregoing, any

increase or decrease in volume of securities offered (if the total
dollar value of securities offered would not exceed that which was
registered) and any deviation from the low or high end of the
estimated maximum offering range may be reflected in the form of
prospectus filed with the Commission pursuant to Rule 424(b) if,
in the aggregate, the changes in volume and price represent no more
than a 20 percent change in the maximum aggregate offering price
set forth in the "Calculation of Registration Fee" table in
the effective registration statement;

(iii) To include any material information with respect to the
plan of distribution not previously disclosed in the registration
statement or any material change to such information in the
registration statement;

provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply
if the registration statement is on Form S-3, Form S-8 or Form F-3 and the
information required to be included in a post-effective amendment by those
paragraphs is contained in periodic reports filed with or furnished to the
Commission by the Registrant pursuant to Section 13 or Section 15(d) of the
Securities Exchange Act of 1934 that are incorporated by reference in the
registration statement.

(2) That, for the purpose of determining any liability under
the Securities Act of 1933, each such post-effective amendment
shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at
that time shall be deemed to be the initial bona fide offering
thereof.

(3) To remove from registration by means of a post-effective
amendment any of the securities being registered which remain
unsold at the termination of the offering.

(b) The undersigned Registrant hereby undertakes that, for purposes of
determining any liability under the Securities Act of 1933, each filing of
the Registrant's annual report pursuant to Section 13(a) or 15(d) of the
Securities Exchange Act of 1934 (and, where applicable, each filing of an
employee benefit plan's annual report pursuant to Section 15(d) of the
Securities Exchange Act of 1934) that is incorporated by reference in the
registration statement shall be deemed to be a new registration statement
relating to the securities offered therein, and the offering of such
securities at that time shall be deemed to be the initial bona fide offering
thereof.

(c) Insofar as indemnification for liabilities arising under the
Securities Act of 1933 may be permitted to directors, officers and
controlling persons of the Registrant pursuant to the foregoing provisions,
or otherwise, the Registrant has been advised that in the opinion of the
Securities and Exchange Commission such indemnification is against public
policy as expressed in the Act and is, therefore, unenforceable. In the
event that a claim for indemnification against such liabilities (other than
the payment by the Registrant of expenses incurred or paid by a director,
officer or controlling person of the Registrant in the successful defense of
any action, suit or proceeding) is asserted by such director, officer or
controlling person in connection with the securities being registered, the
Registrant will, unless in the opinion of its counsel the matter has been
settled by controlling precedent, submit to a court of appropriate
jurisdiction the question whether such indemnification by it is against
public policy as expressed in the Act and will be governed by the final
adjudication of such issue.

SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, the
Registrant certifies that it has reasonable grounds to believe that it meets
all of the requirements for filing on Form S-8 and has duly caused this
Registration Statement to be signed on its behalf by the undersigned,
thereunto duly authorized, in the Township of Little Falls, State of New
Jersey, on the 30th day of October, 1997.

THE BISYS GROUP, INC.

By: Lynn J. Mangum
Lynn J. Mangum
Chairman of the Board and
Chief Executive Officer

POWER OF ATTORNEY

Each person whose individual signature appears below hereby authorizes
Lynn J. Mangum, Robert J. McMullan and Kevin J. Dell, and each of them, with
full power of substitution and full power to act without the other, his or
her true and lawful attorney-in-fact and agent in his or her name, place and
stead, to execute in the name and on behalf of such person, individually and
in each capacity stated below, and to file any and all amendments to this
Registration Statement, including any and all post-effective amendments.

Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following persons in the
capacities and on the dates indicated:

Signatures Title Date
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Lynn J. Mangum Director, Chairman of the October 30, 1997
- ---------------------- Board and Chief Executive
Lynn J. Mangum Officer

Robert J. McMullan Executive Vice President, October 30, 1997
- ---------------------- Chief Financial and
Robert J. McMullan Accounting Officer

Paul H. Bourke Director October 30, 1997
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Paul H. Bourke

Robert J. Casale Director October 30, 1997
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Robert J. Casale

Thomas A. Cooper Director October 30, 1997
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Thomas A. Cooper

Jay W. DeDapper Director October 30, 1997
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Jay W. DeDapper

John J. Lyons Director October 30, 1997
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John J. Lyons

Thomas E. McInerney Director October 30, 1997
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Thomas E. McInerney

Neil P. Marcous Director October 30, 1997
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Neil P. Marcous

EXHIBIT INDEX

Exhibit
Number Description
- ------- -----------

4.4 Non-Qualified Stock Option Agreement dated as of June 30,
1995 by and between Charter Systems, Inc. (formerly called
HARRIS CLARKE SYSTEMS, INC. (d/b/a New England Systems))
and Philip Kubat.

4.5 Non-Qualified Stock Option Agreement dated as of June 30,
1995 by and between Charter Systems, Inc. (formerly called
HARRIS CLARKE SYSTEMS, INC. (d/b/a New England Systems))
and Carl Caron.

5 Opinion of Shanley & Fisher, P.C.`

23.1 Consent of Shanley & Fisher, P.C. (included in Exhibit 5)

23.2 Consent of Coopers & Lybrand L.L.P.