<PAGE>
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
--------------------------------------------
FORM 11-K
ANNUAL REPORT PURSUANT TO SECTION 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
--------------------------------------------
FOR THE FISCAL YEAR ENDED DECEMBER 31, 1995
COMMISSION FILE NUMBER 33-55090
A. Full title of the plan and the address of the plan, if different from
that of the issuer named below:
GTSI EMPLOYEES' 401(k) INVESTMENT PLAN
B. Name of issuer of the securities held pursuant to the plan and the
address of its principal executive office:
GOVERNMENT TECHNOLOGY SERVICES, INC.
4100 Lafayette Center Drive
Chantilly, Virginia 20151-1200
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<PAGE>
Government Technology Services, Inc.
Employees 401(k) Investment Plan
Financial Statements
As of December 31, 1995 and 1994
Together With Auditors' Report
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<PAGE>
Government Technology Services, Inc.
Employees 401(k) Investment Plan
Table of Contents
Page
Reports of Independent Public Accountants 4
Statement of Net Assets Available For Benefits With Fund Information
As of December 31, 1995 6
Statement of Net Assets Available for Benefits With Fund Information
As of December 31, 1994 7
Statement of Changes in Net Assets Available for Benefits With
Fund Information
For the Year Ended December 31, 1995 8
Notes to Financial Statements
As of December 31, 1995 9
Item 27(a) - Schedule of Assets Held For Investment Purposes
As of December 31, 1995 16
Item 27(d) - Schedule of Reportable Transactions
For the Year Ended December 31, 1995 17
Schedules Omitted Because There Were No Such Items
For the Year Ended December 31, 1995:
Item 27 (b) - Loans or Fixed Income Obligations Due in
Default or Classified as Uncollectible
Item 27 (c) - Leases in Default or Classified as Uncollectible
Item 27 (e) - Nonexempt Transactions
Item 27 (f) - Nonexempt Transactions
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<PAGE>
Report of Independent Public Accountants
To the Advisory Committee of the
Government Technology Services, Inc.
Employees 401(k) Investment Plan:
We have audited the accompanying statement of net assets available for
benefits of the Government Technology Services, Inc., Employees 401(k)
Investment Plan (the "Plan") as of December 31, 1995, and the related
statement of changes in net assets available for benefits for the year
ended December 31, 1995. These financial statements and the schedules
referred to below are the responsibility of the Plan's Advisory Committee.
Our responsibility is to express an opinion on these financial statements
and schedules based on our audit. The statement of net assets available
for benefits as of December 31, 1994 was audited by other auditors whose
report dated June 9, 1995 expressed an unqualified opinion on this
statement.
We conducted our audit in accordance with generally accepted auditing
standards. Those standards require that we plan and perform an audit to
obtain reasonable assurance about whether the financial statements are free
of material misstatement. An audit includes examining, on a test basis,
evidence supporting the amounts and disclosures in the financial
statements. An audit also includes assessing the accounting principles
used and significant estimates made by management, as well as evaluating
the overall financial statement presentation. We believe that our audit
provides a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly,
in all material respects, the net assets available for benefits of the Plan
as of December 31, 1995, and the changes in net assets available for
benefits for the year ended December 31, 1995, in conformity with generally
accepted accounting principles.
Our audit was performed for the purpose of forming an opinion on the basic
financial statements taken as a whole. The supplemental schedules of
assets held for investment purposes and reportable transactions are
presented for the purpose of additional analysis and are not a required
part of the basic financial statements but are supplementary information
required by the Department of Labor's Rules and Regulations for Reporting
and Disclosure under the Employee Retirement Income Security Act of 1974.
The fund information in the statement of net assets available for benefits
and the statement of changes in net assets available for benefits is
presented for the purpose of additional analysis rather than to present the
net assets available for benefits and the changes in net assets available
for benefits of each fund.
The supplemental schedules and fund information have been subjected to the
auditing procedures applied in the audit of the basic financial statements
and, in our opinion, are fairly stated, in all material respects, in
relation to the basic financial statements taken as a whole.
Washington, D.C. ARTHUR ANDERSEN LLP
December 15, 1996
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<PAGE>
Report of Independent Accountants
The Advisory Committee
Government Technology Services, Inc. Employees' 401(k) Investment Plan
We have audited the accompanying statement of net assets available for
benefits of Government Technology Services, Inc. Employees' 401(k)
Investment Plan (the Plan) as of December 31, 1994. This financial
statement is the responsibility of the Plan's management. Our respon-
sibility is to express an opinion on this financial statement based on our
audit.
We conducted our audit in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audit to
obtain reasonable assurance about whether the financial statement is free
of material misstatement. An audit includes examining, on a test basis,
evidence supporting the amounts and disclosures in the financial statement.
An audit also includes assessing the accounting principles used and
significant estimates made by management, as well as evaluating the overall
financial statement presentation. We believe that our audit provides a
reasonable basis for our opinion.
In our opinion, the financial statement referred to above presents
fairly, in all material respects, the net assets available for benefits of
the Plan as of December 31, 1994, in conformity with generally accepted
accounting principles.
Our audit was performed for the purpose of forming an opinion on the
basic financial statement taken as a whole. The fund information in the
statement of net assets available for benefits is presented for purposes of
additional analysis rather than to present the net assets available for
benefits of each fund. The fund information has been subjected to the
auditing procedures applied in the audit of the basic financial statement
and, in our opinion, is fairly stated in all material respects in relation
to the basic financial statement taken as a whole.
COOPERS & LYBRAND, L.L.P.
Washington, D.C.
June 9, 1995
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<PAGE>
Government Technology Services, Inc.
Employees 401(k) Investment Plan
Statement of Net Assets Available For Benefits With Fund Information
As of December 31, 1995
<TABLE>
<CAPTION>
Participant Directed
--------------------------------------------------------------------------------------------------
Money Guaranteed
Market Common Investment
Fund Mutual Funds Stock Contract
---------- ------------------------------------------------ ---------- ----------
Washington Deposit
Nations Cash Growth Mutual Bond Fund Admini- Parti-
Bank Management Fund of Investors of GTSI stration cipant
Cash Trust America Fund America Stock Fund Loans Total
---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Assets:
Investments $ - $ 82,494 $1,333,589 $ 971,939 $ 437,100 $ 13,843 $ 144,070 $ 54,327 $3,037,362
Cash 65,616 - - - - - - - 65,616
Contributions
receivable 20,499 - - - - - - - 20,499
---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
86,115 82,494 1,333,589 971,939 437,100 13,843 144,070 54,327 3,123,477
Liabilities:
Excess
contributions
refundable - (363) (14,397) (11,377) (5,610) - (669) - (32,416)
---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
Net assets
available for
benefits $ 86,115 $ 82,131 $1,319,192 $ 960,562 $ 431,490 $ 13,843 $ 143,401 $ 54,327 $3,091,061
========== ========== ========== ========== ========== ========== ========== ========== ==========
</TABLE>
The accompanying notes are an integral part of this statement.
- 6 -
<PAGE>
Government Technology Services, Inc.
Employees 401(k) Investment Plan
Statement of Net Assets Available For Benefits With Fund Information
As of December 31, 1994
<TABLE>
<CAPTION>
Participant Directed
--------------------------------------------------------------------------------------
Guaranteed
Common Investment
Mutual Funds Stock Contract
------------------------------------------------ ---------- ----------
Washington Deposit
Cash Growth Mutual Bond Fund Admini- Parti-
Management Fund of Investors of GTSI stration cipant
Trust America Fund America Stock Fund Loans Total
---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Assets:
Investments $ 67,097 $ 831,253 $ 527,850 $ 311,977 $ 15,028 $ 105,991 $ 41,512 $1,900,708
Cash 2,190 27,189 17,275 10,219 486 3,467 - 60,826
Contributions receivable 504 6,726 4,580 1,556 778 259 - 14,403
---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
Net assets available for
benefits $ 69,791 $ 865,168 $ 549,705 $ 323,752 $ 16,292 $ 109,717 $ 41,512 $1,975,937
========== ========== ========== ========== ========== ========== ========== ==========
</TABLE>
The accompanying notes are an integral part of this statement.
- 7 -
<PAGE>
Government Technology Services, Inc.
Employees 401(k) Investment Plan
Statement of Changes in Net Assets Available
For Benefits With Fund Information
As of December 31, 1995
<TABLE>
<CAPTION>
Participant Directed
--------------------------------------------------------------------------------------------------
Money Guaranteed
Market Common Investment
Fund Mutual Funds Stock Contract
---------- ------------------------------------------------ ---------- ----------
Washington Deposit
Nations Cash Growth Mutual Bond Fund Admini- Parti-
Bank Management Fund of Investors of GTSI stration cipant
Cash Trust America Fund America Stock Fund Loans Total
---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Employee
contributions $ 86,115 $ 24,367 $ 343,652 $ 240,581 $ 84,553 $ 13,809 $ 41,901 $ - $ 834,978
Interest and
dividends - 4,228 105,958 70,473 29,039 24 8,313 - 218,035
Unrealized/realized
gains and losses
on investments - - 151,038 167,117 32,195 (12,787) 61 - 337,624
---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
Total additions 86,115 28,595 600,648 478,171 145,787 1,046 50,275 - 1,390,637
---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
Distributions to
participants - (16,935) (136,653) (69,021) (36,547) (2,126) (14,231) - (275,513)
Transfers between
funds:
Between investment
funds - 680 (2,895) 6,247 (2,137) (1,369) (526) - -
Loans to
participants - - (9,400) (5,481) - - (1,869) 16,750 -
Loan repayments - - 2,324 941 635 - 35 (3,935) -
---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
Total transfers - 680 (9,971) 1,707 (1,502) (1,369) (2,360) 12,815 -
---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
Net increase
(decrease) 86,115 12,340 454,024 410,857 107,738 (2,449) 33,684 12,815 1,115,124
Net assets
available for
benefits:
Beginning of year - 69,791 865,168 549,705 323,752 16,292 109,717 41,512 1,975,937
---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
End of year $ 86,115 $ 82,131 $1,319,192 $ 960,562 $ 431,490 $ 13,843 $ 143,401 $ 54,327 $3,091,061
========== ========== ========== ========== ========== ========== ========== ========== ==========
</TABLE>
The accompanying notes are an integral part of this statement.
- 8 -
<PAGE>
Government Technology Services, Inc.
Employees 401(k) Investment Plan
Notes to Financial Statements
As of December 31, 1995
1. Description of Plan:
The following description of the Government Technology Services, Inc.
("GTSI" or the "Company") Employees 401(k) Investment Plan (the "Plan") is
provided for general information purposes only. Participants should refer
to the Plan document for more detailed information.
General
The Plan was established effective April 1, 1991, in accordance with
Section 401(k) of the Internal Revenue Code ("IRC"), and was subsequently
amended effective April 1, 1991 in order to comply with the Tax Reform Act
of 1986. The Plan is subject to the provisions of the Employee Retirement
Income Security Act of 1974, as amended ("ERISA"). The Plan is a
voluntary, defined contribution plan that allows eligible employees to
contribute up to 15 percent of their compensation up to a statutory limit.
Employees are eligible to participate upon the completion of six months of
service and the attainment of 21 years of age.
Contributions
Twice annually, on January 1 and July 1, participants may elect to defer
from 1 percent to 15 percent of their annual compensation to any of the
funds in which the Plan has invested on a pretax basis, subject to limits
detailed in the IRC. In addition, participants may amend their salary
deferral election to terminate such election or to increase or decrease the
portion of their compensation to be deferred, with such amendments becoming
effective on January 1 or July 1. The Plan also contains a feature for
discretionary employer contributions. Contributions are subject to
limitations to comply with the nondiscrimination requirements of the IRC.
The Company made no such contributions to the Plan during the year ended
December 31, 1995.
- 9 -
<PAGE>
Vesting
Employee contributions and any earnings thereon are fully vested upon
receipt by the Plan. A participant's vesting percentage with respect to
the discretionary employer contributions is determined according to the
following table:
Years of service Percentage
----------------- ----------
Less than 2 0
2 but less than 3 20
3 but less than 4 40
4 but less than 5 60
5 but less than 6 80
6 or more 100
Upon termination from service, that portion of a participant's
discretionary employer contribution account in which he or she is not
vested is forfeited. Forfeitures are utilized to reduce any employer
contributions in the current or future years.
Distributions
Upon termination, participants may elect to withdraw the entire amount of
their contribution accounts or delay withdrawal until a future date if
their account balances are at least $3,500. Distributions are made in a
lump-sum payment, except for investments in the Company's common stock,
which shall be distributed in whole shares and cash for any fractional
share unless the participant elects to receive the full distribution in
cash. Upon the death of a participant, the participant's beneficiary shall
be entitled to the unpaid balance of the participant's account. Such
beneficiary shall be the participant's spouse unless there is no spouse or
another beneficiary is named with the written consent of the spouse.
Loans
Plan participants may borrow from their fund accounts a minimum of $1,000
up to a maximum equal to the lesser of $50,000 or 50 percent of their
account balances. Loans accrue interest at a rate equivalent to interest
rates charged by major financial institutions for comparable loans at the
time the loan is made. As of December 31, 1995, interest rates ranged from
8.75 percent to 9.5 percent. Loans are repaid in equal payments, made at
least quarterly, over terms generally not exceeding five years. Loans are
collateralized as deemed appropriate by the Advisory Committee. Loans to
participants are recorded at cost, which approximates market value. In the
event of retirement, death, disability, or termination of employment, the
loan becomes payable in full.
- 10 -
<PAGE>
Rollovers
New employees are permitted to transfer account balances from previous
qualified plans to the Plan. Included in employee contributions for the
year ended December 31, 1995, is $24,067 of rollovers from other plans.
Plan Administration
The Plan is administered by an Advisory Committee consisting of three
individuals appointed by the Board of Directors of GTSI. The Company has
contracted with Actuarial Benefits and Design, Inc., to perform
record-keeping services for the Plan and with NationsBank Trust Company,
N.A. ("the Trustee") to maintain the assets in the Plan. The Company pays
certain administrative fees including legal, accounting, and insurance
fees. The Plan pays no administrative fees to the Company for the services
it provides.
2. Summary of Accounting Policies:
Accounting Method
The financial statements are prepared on an accrual basis in accordance
with generally accepted accounting principles.
Use of Estimates
The preparation of financial statements in conformity with generally
accepted accounting principles requires management to make estimates and
assumptions that affect the reported amounts of assets and liabilities and
disclosure of contingent assets and liabilities at the date of the
financial statements and the reported amounts of revenues and expenses
during the reporting period. Actual results could differ from those
estimates.
Security Transactions and Related Investment Income
Security transactions are recorded on the trade date, and dividend income
is recorded on the dividend date.
Investments
Investments are valued at the last reported sales price on the last
business day of the period. Employee contributions are deposited at the
direction of the participants with the American Funds Group ("AFG"), the
First Colony Life Insurance Company ("FCL"), or NationsBank Trust Company,
N.A., where they are accumulated and invested on behalf of the Plan
participants. The following presents a brief description of each
investment account alternative available for employee contributions during
1995:
- 11 -
<PAGE>
Cash Management Trust
This fund invests in money market instruments, such as U.S. Treasury bills,
commercial paper, and certificates of deposit. The objective of the fund
is to provide current income on cash reserves while preserving capital and
maintaining liquidity.
Growth Fund of America
This fund is a diversified mutual fund investing primarily in the common
stock of a wide range of companies having potential for long-term growth of
capital.
Washington Mutual Investors Fund
This fund invests in stocks of companies offering potential for current
income and the opportunity for growth of capital.
Bond Fund of America
This fund invests in bonds with the objective of obtaining a high level of
current income while preserving invested capital. At least 60 percent of
the fund's assets must be invested in government-guaranteed securities,
corporate bonds rated "A" or better, or money market instruments.
GTSI Stock
Employees may direct up to 20 percent of their contributions and may invest
up to 20 percent of their account balances in the Company's common stock.
Fair values for the GTSI stock are determined using quoted market values
based on public sources.
Deposit Administration Fund
This investment offers a return of principal and interest guaranteed at
competitive rates by the First Colony Life Insurance Company. As of
December 31, 1995, the interest rate of the First Colony Life Insurance
Investment Contract was 5.4 percent with a guaranteed minimum interest rate
of 4.0 percent. Interest rates are reset throughout the year. As a
result, contract value approximates fair value. The average yield for the
investment contract during 1995 was 6.5 percent.
On September 23, 1994, the American Institute of Certified Public
Accountants issued Statement of Position (SOP) 94-4, "Reporting of
Investment Contracts Held by Health and Welfare Benefit Plans and Defined
Contribution Pension Plans," which states that plan investments should be
presented at their fair values at the reporting date, with the exception of
a "fully benefit responsive" investment contract, which should be reported
at contract value. The Plan's investment contract is "fully benefit
responsive" and, as a result, is reported at contract value; which
approximates fair value. Thus, the adoption of the SOP did not have a
material impact on the Plan's financial statements.
- 12 -
<PAGE>
The fair value of the individual assets that represent 5 percent or more of
the Plan's net assets as of December 31, 1995 and 1994, is as follows:
1995 1994
---------- ----------
Mutual Funds
Growth Fund of America $1,319,192 $ 865,168
Washington Mutual Investors Fund 960,562 549,705
Bond Fund of America 431,490 323,752
Guaranteed Investment Contract
Deposit Administration Fund - 109,717
Investment income
The statement of changes in net assets available for benefits with fund
information includes unrealized and realized gains and losses on
investments, which represents the net appreciation (depreciation) in the
fair value of investments. Income, expenses, and gains or losses (realized
and unrealized) of Plan investments are allocated among participants based
upon their respective account balances at the end of each month.
Cash
Cash consists of contributions that have been transferred to the Trustee,
but not yet invested in the investment funds.
3. Benefits Payable:
Benefits are recorded when paid. As of December 31, 1995 and 1994, the
account balances of employees who left the Company and requested
distributions but have not been approved for payment were $0 and $226,452,
respectively. As of December 31, 1995, employees had made excess
contributions to the Plan and were due refunds of $32,416.
4. Federal Income Taxes:
The Internal Revenue Service ("IRS") has determined and informed the
Company by a letter dated June 13, 1995, that after considering proposed
amendments necessary to conform the Plan to the provisions of the Tax
Reform Act of 1986, the Plan and related trust were designed in accordance
with applicable sections of the IRC. The necessary Plan amendment was
adopted on February 13, 1996. GTSI and the Plan Administrator believe that
the Plan is currently designed and is being operated in compliance with
applicable requirements of the IRC. Therefore, GTSI and the Plan
Administrator believe that the Plan is qualified and the related trust
continues to be tax exempt.
- 13 -
<PAGE>
5. Termination of the Plan:
While the Plan is intended to be permanent, it may be terminated at any
time by resolution of the Board of Directors of the Company. Upon
termination, no further contributions may be made to the Plan. However,
the Advisory Committee will remain in existence and all provisions of the
Plan, other that the provisions for contributions, will remain in force
subject to review by the Advisory Committee. In the event of Plan
termination, participants will become fully vested in their account
balances.
6. Administrative Expenses:
Administrative expenses of the Plan are paid by the Company. Total
expenses paid by the Company for the years ended December 31, 1995 and
1994, were $17,746 and $26,338, respectively. The Company also provides
administrative support at no cost to the Plan.
7. Difference Between Form 5500 and Financial Statement Balances:
Pursuant to ERISA provisions, the following is a reconciliation of net
assets available for plan benefits at December 31, 1994, as reported in the
statements of net assets available for benefits, to net assets as reported
on the Form 5500 filed with the IRS. There were no reconciling items at
December 31, 1995.
1994
----------
Net assets available for plan benefits per
financial statements $1,975,937
Contributions receivable (14,403)
Other (1,621)
----------
Net assets available for plan benefits per Form 5500 $1,959,913
==========
Employee contributions $ 762,910
Contributions receivable at December 31, 1994 (14,403)
Contributions receivable at December 31, 1993 10,173
----------
Employee contributions per Form 5500 $ 758,680
==========
8. GTSI Acquisition of Falcon Microsystems, Inc.:
On August 16, 1994, the Company acquired all the outstanding shares of
stock of Falcon Microsystems, Inc. ("Falcon"). Effective December 31,
1994, a resolution was passed by the GTSI Advisory Committee that
terminated the Falcon 401(k) Retirement Savings Plan with no further salary
deferrals allowed. Effective January 1, 1995, all Falcon employees
satisfying the eligibility requirements of the GTSI 401(k) Plan became
eligible to participate in the GTSI 401(k) Plan. The Falcon 401(k) Plan
- 14 -
<PAGE>
received its final IRS determination letter on January 5, 1996. Assets of
the participating employees will be transferred to the GTSI 401(k) Plan
subsequent to the completion of the December 31, 1995 audits of the GTSI
401(k) Plan and the Falcon 401(k) Plan.
9. Party-In-Interest Transaction:
The Plan has invested certain amounts with the Plan's Trustee, NationsBank.
- 15 -
<PAGE>
Government Technology Services, Inc.
Employees 401(k) Investment Plan
Item 27(a) - Schedule of Assets Held For Investment Purposes
As of December 31, 1995
<TABLE>
<CAPTION>
Current
Identity of Issuer Description Cost Value
- --------------------------------- -------------------------- ---------- ----------
<S> <C> <C> <C>
NationsBank Cash Money Market Fund $ 86,115 $ 86,115
Cash Management Trust Mutual Fund 82,494 82,494
Growth Fund of America Mutual Fund 1,183,483 1,333,589
Washington Mutual Investors Fund Mutual Fund 761,855 971,939
Bond Fund of America Mutual Fund 433,831 437,100
GTSI Stock* Common Stock 25,853 13,843
First Colony Life Insurance Group Guaranteed Investment
Deposit Administration Fund Contract, 5.4% at 12/31/95 144,070 144,070
Participant loans Fully amortized loans to
participants at 8.75% to
9.5% per annum 54,327 54,327
---------- ----------
Totals $2,772,028 $3,123,477
========== ==========
* Represents a party-in-interest.
</TABLE>
The accompanying notes are an integral part of this schedule.
- 16 -
<PAGE>
Government Technology Services, Inc.
Employees 401(k) Investment Plan
Item 27(d) - Schedule of Reportable Transactions
For the Year Ended December 31, 1995
<TABLE>
<CAPTION>
Identity of Party Purchase Sales
Involved ------------------------- --------------------------------------------------
Description Description Number of Purchase Number of Sales Historical Gain
of Asset of Investment Transactions Price Transactions Price Cost (Loss)
- ------------------ -------------- ------------- ---------- ------------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C>
Growth Fund of
America Mutual Fund 20 $ 440,420 14 $ 146,916 $ 127,418 $ 19,498
NationsBank Cash* Money Market
Fund 59 1,384,792 50 1,380,380 1,380,380 -
Washington Mutual
Investors Fund Mutual Fund 20 308,011 11 75,365 67,733 7,632
* Represents a party-in-interest.
</TABLE>
The accompanying notes are an integral part of this schedule.
- 17 -
<PAGE>
Pursuant to the requirements of the Securities Exchange Act of 1934,
the trustees (or other persons who administer the employee benefit plan)
have duly caused this annual report to be signed on behalf of the employee
benefit plan by the undersigned, thereunto duly authorized.
Date: October 22, 1997
GTSI EMPLOYEES' 401(k) INVESTMENT PLAN
By: /s/ H. ROBERT BOEHM
-----------------------------------------
H. Robert Boehm
Vice President, Human Resources and
401(k) Plan Advisory Committee Member
- 18 -
<PAGE>
===========================================================================
INDEX TO EXHIBITS
===========================================================================
EXHIBIT |
NUMBER | DESCRIPTION
- ---------------------------------------------------------------------------
23.1 | Consent of Arthur Andersen LLP
- ---------------------------------------------------------------------------
23.2 | Consent of Coopers & Lybrand, L.L.P.
===========================================================================
<PAGE>
Exhibit 23.1
CONSENT OF INDEPENDENT ACCOUNTANTS
As independent public accountants, we hereby consent to the incorpor-
ation of our report dated December 15, 1996, included in this Form 11-K,
into the Company's previously filed Registration Statement, File No.
33-55090.
/s/ Arthur Andersen LLP
-----------------------------
ARTHUR ANDERSEN LLP
Washington, D.C.
October 21, 1997
<PAGE>
Exhibit 23.2
CONSENT OF INDEPENDENT ACCOUNTANTS
We consent to the incorporation by reference in the Registration
Statements on Form S-8 of Government Technology Services, Inc. (File Nos.
33-44363 and 33-55090) of our report dated June 9, 1995, on our audit of
the financial statement of the GTSI Employees' 401(k) Investment Plan as of
December 31, 1994, which report is included in this Annual Report on Form
11-K.
/s/ Coopers & Lybrand, L.L.P.
-----------------------------
COOPERS & LYBRAND, L.L.P.
Washington, D.C.
October 20, 1997
