TELESCAN INC
10-K405/A, 1998-05-05
COMPUTER PROGRAMMING, DATA PROCESSING, ETC.
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                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-K/A
                   FOR THE FISCAL YEAR ENDED DECEMBER 31, 1997

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

                         COMMISSION FILE NUMBER: 0-17508

                                 TELESCAN, INC.
             (exact name of Registrant as specified in its charter)

                   DELAWARE                       72-1121748
       (State or other jurisdiction of         (I.R.S. Employer
        incorporation or organization)       Identification No.)

       5959 CORPORATE DRIVE, SUITE 2000             77036
                HOUSTON, TEXAS                    (Zip Code)
       (Address of principal executive
                   offices)

               Registrant's telephone number, including area code:
                                 (281) 588-9700

SECURITIES REGISTERED PURSUANT TO                   NONE
SECTION 12(b) OF THE ACT:

SECURITIES REGISTERED PURSUANT TO       COMMON STOCK, $.01 PAR VALUE
SECTION 12(g) OF THE ACT:                        PER SHARE
       (Title of Class)

Indicate by check mark whether the Registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities and Exchange Act of 1934
during the preceding 12 months (or for 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 by check mark if disclosure of delinquent filers pursuant to Item 405
of Regulation S-K is not contained herein, and will not be contained, to the
best of Registrant's knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any amendment to this
Form 10-K. [X]

The aggregate market value of the voting stock held by non-affiliates of the
Registrant on March 25, 1998, based upon the average bid and asked price of the
common stock on NASDAQ Small-Cap Market for such date, was approximately
$31,700,000. The number of outstanding shares of the Registrant's common stock
on March 25, 1998 was 11,042,901.

<PAGE>
SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Act of
1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized in the City of Houston, State of
Texas, on March 27, 1998.

Telescan, Inc.

By:        /s/  DAVID L. BROWN
                David L. Brown, Chief
                Executive Officer

Pursuant to the requirements of the Securities Act of 1934, this report has been
signed below by the following persons in the capacities and on the date
indicated

      SIGNATURE                      TITLE                   DATE
      ---------                      -----                   ----
/s/ DAVID L. BROWN         Chairman of the Board, Chief Executive Officer
    David L. Brown         and Director (Principal Executive Officer)

/s/ DR. RICHARD K.CARLIN   Vice Chairman of the Board,
Dr. Richard K. Carlin      Chief Technology Officer

/s/ RONALD WARREN          Chief Financial Officer
    Ronald Warren          (Principal Financial Officer and Principal 
                            Accounting Officer)

/s/ ROGER C. WADSWORTH     Senior Vice President and Director
    Roger C. Wadsworth

/s/ DR. RONALD W. HART             Director
    Dr. Ronald W. Hart

/s/ BURT H. KEENAN                 Director
    Burt H. Keenan

/s/ RUSSELL I. PILLAR              Director
    Russell I. Pillar

/s/ WILLIAM D. SAVOY               Director
    William D. Savoy

/s/ STEPHEN C. WOOD                Director
    Stephen C. Wood


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