HBO & CO
10-C, 1995-06-20
COMPUTER INTEGRATED SYSTEMS DESIGN
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FORM 10-C
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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Report by issuer of securities quoted on The Nasdaq Stock Market, filed
pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 and
Rule 13a-17 or 15d-17 thereunder.

HBO & Company
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Exact name of issuer as specified in charter

301 Perimeter Center North, Atlanta, Ga. 30346
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Address of principal executive offices

(404) 668-5927
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Issuer's telephone number including area code

I.  Change in Number of Shares Outstanding
Indicate any change (increase or decrease) of five percent or more in the
number of shares outstanding:

1. Title of security  Common Stock, Par Value $.05
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2. Number of shares outstanding before the change  32,142,576
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at May 31, 1995
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3. Number of shares outstanding after the change  36,142,576
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at June 17, 1995
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4. Effective date of the change  June 17, 1995
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5. Method of change  Issuance of 4 million shares of common stock
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Give brief description of transaction  HBO & Company of Georgia acquired 100%
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of the common stock of First Data Health Systems Corporation in exchange for
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4 million shares of HBO & Company common stock.
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6/20/95                                               /s/ Jay F. Gilbertson
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Date                                                  Jay F. Gilbertson
                                                      Vice President-Finance,
                                                      Chief Financial Officer,
                                                      Treasurer and Assistant
                                                      Secretary



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