VTEL CORP
8-K/A, 1997-07-22
RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT
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                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549
                            -------------------------

                                   FORM 8-K/A

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

                          Date of Report: May 23, 1997



                                VTEL CORPORATION

             (Exact name of registrant as specified in its charter)


                DELAWARE                    0-20008                74-2415696
- ----------------------------------- ------------------------ ------------------
    (State or other jurisdiction of (Commission File Number)    (IRS Employer
     incorporation or organization)                          Identification No.)

108 Wild Basin Road
     Austin, Texas                                                  78746
- ----------------------------------------      ---------------------------------
(Address of principal executive offices)                          (Zip Code)



Registrant's telephone number, including area code (512) 314-2700.

CORPDAL:67896.1  22768-00022
                                                         1

<PAGE>



VTEL Corporation ("VTEL") hereby amends the following item of its Current Report
on Form 8-K, dated May 23, 1997.

ITEM 7.           FINANCIAL STATEMENTS AND EXHIBITS

                  1.       Press  Release,  dated May 27, 1997,  relating to the
                           transactions between VTEL Corporation and Compression
                           Labs,  Incorporated  (which is set  forth as  Exhibit
                           99.1 to VTEL's  Current Report on Form 8-K, dated May
                           23, 1997).

                  2(a)     Financial    statements   for    Compression    Labs,
                           Incorporated    contained    in   the   Joint   Proxy
                           Statement/Prospectus   forming   a  part  of   VTEL's
                           Registration   Statement   on  Form  S-4,   File  No.
                           333-25247,  at the time such  Registration  Statement
                           became   effective,   are   incorporated   herein  by
                           reference.

                  (b)      The pro forma financial  statements  appearing in the
                           Joint  Proxy  Statement/Prospectus  forming a part of
                           VTEL's  Registration  Statement on Form S-4, File No.
                           333-25247,  at the time such  Registration  Statement
                           became   effective,   are   incorporated   herein  by
                           reference.

                  3.       Consent of KPMG Peat Marwick LLP




CORPDAL:67896.1  22768-00022
                                                         2

<PAGE>



                                    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, thereunto duly authorized.

Dated:   July 22, 1997


                                           VTEL CORPORATION


                                           By:    /s/Rodney S. Bond
                                                  ---------------------------- 
                                           Name:  Rodney S. Bond
                                           Title: Vice President-Finance



CORPDAL:67896.1  22768-00022
                                                         3

<PAGE>


                                                                      Exhibit 3


                         Consent of Independent Auditors


The Board of Directors
VTEL Corporation:

We consent to the incorporation by reference in the report on Form 8-K/A of VTEL
Corporation  of our report dated March 10,1997 with respect to the  consolidated
financial statements of Compression Labs, Inc. as of December 31, 1996 and 1995,
and the related consolidated statements of operations, stockholders' equity, and
cash  flows  for  each of the  years in the  three-year  period  ended  December
31,1996,  which report  appears in the  registration  statement on Form S-4 (No.
333-25247) of VTEL Corporation


                                                       /s/KPMG PEAT MARWICK LLP

San Jose, California
July 16, 1997


CORPDAL:67896.1  22768-00022
                                                         4



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