SHARED TECHNOLOGIES INC
10-Q/A, 1995-06-27
TELEPHONE INTERCONNECT SYSTEMS
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          SECURITIES AND EXCHANGE COMMISSION
          Washington, D.C.  20549

          Form 10-Q/A
          Amendment No. 1

          SECURITIES AND EXCHANGE COMMISSION

          WASHINGTON, D.C.  20549

          [X]   QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15d
                 OF THE SECURITIES AND EXCHANGE ACT OF 1934

          For Quarterly Period Ended March 31, 1995
                                     --------------

          [ ]   TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
                  OF THE SECURITIES EXCHANGE ACT OF 1934

          Commission File Number 0-17366
          ------------------------------

          SHARED TECHNOLOGIES INC.
          ------------------------
          (exact name of registrant as specified in its charter)

          Delaware                                 87-0424558
          ----------                              -------------
          (State or other jurisdiction of        (I.R.S. Employer
           Incorporation or organization)         Identification No.)

          100 Great Meadow Road, Suite 104
          Wethersfield, CT 06109
          ----------------------------------
          (Address of principal executive offices)

          (203) 258-2400
          -----------------
          (Registrant's telephone number, including area code)


          Indicate by check mark whether the registrant (1) has filed all
          reports to be filed by Section 13 or 15(d) of the Securities
          Exchange Act of 1934 during the preceding 12 months (or such
          shorter period that the registrant was required to file such
          reports), and (2) has been subject to such filing requirements
          for the past 90 days.

          Yes  X         No _ _ _ _
             -------

          Indicate the number of shares outstanding of each of the issuer's
          classes of common stock, as of the close of the latest
          practicable date.

          Class                          Outstanding at June 26, 1995
          -------------                  ----------------------------
          Common Stock, $.004 par value      7,624,412 shares

          The purpose of this Amendment is to provide the Financial Data
          Schedule.


          <TABLE>
          PART II.              OTHER INFORMATION
          <S>                   <C>

          Item 6.               Exhibits and Reports on Form 8-K:

                                (a)   Exhibits

                                      Exhibit 27 as required by Item 60-1(c)
                                      of Regulation S-K and Regulation S-B
                                      and Rule 401 of Regulation S-T.

                                (b)   Reports on Form 8-K

                                      None

          </TABLE>

          SIGNATURE



               Pursuant to the requirements of the Securities Exchange Act
          of 1934, the Registrant has duly caused this report to be signed
          on its behalf by the undersigned hereunto duly authorized.



          SHARED TECHNOLOGIES INC.



          By:      /s/ Vincent DiVincenzo
              ----------------------------
              Vincent DiVincenzo
              Senior Vice President-Finance
              and Administration, Treasurer,
              Chief Financial Officer



          Date:  June 26, 1995




<TABLE> <S> <C>

          <ARTICLE>  5
          <MULTIPLIER> 1,000
                 
          <S>                                            <C>
          <PERIOD-TYPE>                                   3-MOS
          <FISCAL-YEAR-END>                               DEC-31-1994
          <PERIOD-START>                                  JAN-01-1995
          <PERIOD-END>                                    MAR-31-1995
          <CASH>                                                        300
          <SECURITIES>                                                    0
          <RECEIVABLES>                                                9209
          <ALLOWANCES>                                                  523
          <INVENTORY>                                                     0
          <CURRENT-ASSETS>                                            10476
          <PP&E>                                                      32047
          <DEPRECIATION>                                              16350
          <TOTAL-ASSETS>                                              38361
          <CURRENT-LIABILITIES>                                       13198
          <BONDS>                                                         0
          <COMMON>                                                       30
                                                     0
                                                              21
          <OTHER-SE>                                                    541
          <TOTAL-LIABILITY-AND-EQUITY>                                38361
          <SALES>                                                     12843
          <TOTAL-REVENUES>                                            12843
          <CGS>                                                        7752
          <TOTAL-COSTS>                                                7752
          <OTHER-EXPENSES>                                             4672
          <LOSS-PROVISION>                                                0
          <INTEREST-EXPENSE>                                            166
          <INCOME-PRETAX>                                               285
          <INCOME-TAX>                                                    0
          <INCOME-CONTINUING>                                           285
          <DISCONTINUED>                                                  0
          <EXTRAORDINARY>                                                 0
          <CHANGES>                                                       0
          <NET-INCOME>                                                  285
          <EPS-PRIMARY>                                                 .02
          <EPS-DILUTED>                                                   0

                  
          
</TABLE>


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