<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-C
REPORT BY ISSUER OF SECURITIES QUOTED ON NADAQ
INTERDEALER QUOTATION SYSTEM
Filed pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934 and Rule 13a-17
or 15d-17 thereunder
WATSON GENERAL CORPORATION
----------------------------------------------
(Exact name of issuer as specified in charter)
32-B Mauchly, Irvine, California 92718
----------------------------------------
(Address of principal executive offices)
Issuer's telephone number, including area code: (714) 727-4020
I. CHANGE IN NUMBER OF SHARES OUTSTANDING
1. Title of security: Common Stock
2. Number of shares outstanding before change: 8,268,080
3. Number of shares outstanding after change: 9,886,591
4. Effective date of change: November 17, 1995
5. Method of change:
Specify method (such as merger, acquisition, exchange, distribution,
stock split, reverse split, acquisition of stock for treasury, etc.)
Distribution
Give brief description of transaction: The company sold common stock
pursuant to terms defined in Regulation D promulgated by the Securities and
Exchange Commission.
II. CHANGE IN NAME OF ISSUER
1. Name prior to change: N/A
2. Name After change: N/A
3. Effective date of charter amendment changing name: N/A
4. Date of shareholder approval of change, if required: N/A
Date: December 27, 1995 /s/ Joseph L. Christoffel
---------------------------------
Joseph L. Christoffel,
Chief Financial Officer
