FORM 3
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of
1934, Section 17(a) of the Public Utility Holding Company Act
of 1935 or Section 30(f) of the Investment Company Act of 1940
<TABLE>
<CAPTION>
<S> <C> <C> <C>
------------------------------------- ------------------------ ---------------------------
1. Name and Address of Reporting Person 2. Date of Event 4. Issuer Name and Ticker
Requiring Statement or Trading Symbol
(Month/Day/Year)
Viswanathan Sundar February 24, 1998 AremisSoft Corporation (AMFT)
- ----------------------------------------- ------------------------ ----------------------------- ------------------
(Last) (First) (Middle) 3. IRS or Social Security 5. Relationship of Reporting 6. If Amendment,
Number of Reporting Person to Issuer Date of Original
Person (Voluntary) (Check all applicable) (Month/Day/Year)
[X] Director [ ] 10% Owner
[X] Officer [ ] Other ------------------
(title (specify 7. Individual or Joint/
c/o LK Global Information Systems below) below) Group Filing (Check
Duke's Court, Duke Street applicable line)
- ------------------------------- Vice President of Finance
(Street) and Treasurer _X_Form filed by One
Reporting Person
___Form filed by More
than One Reporting
Woking Surrey GU215BH United Kingdom Person
- -------------------------------------------------------------------------------------------------------------------------
(City) (State) (Zip)
TABLE I -- NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
1.Title of Security 2. Amount of Securities 3. Ownership Form: 4. Nature of Indirect Beneficial
(Instr. 4) Beneficially Owned Direct (D) or Ownership (Instr. 5)
(Instr. 4) Indirect (I)
(Instr. 5)
No Securities Are Beneficially Owned
</TABLE>
Reminder: Report on a separate line for each class of securities
beneficially owned directly or indirectly. (Over)
(Print or Type Responses)
<PAGE>2
FORM 3 (continued)
TABLE II -- DERIVATIVE SECURITIES BENEFICIALLY OWNED (E.G., PUTS,
CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
- ------------------------ ---------------------- ------------------------ -------------- ---------------- --------------
1. Title of Derivative 2. Date Exercisable 3. Title and Amount of 4. Conversion 5. Ownership 6. Nature of
(Instr. 4) and Expiration Date Securities Underlying or Exercise Form of Indirect
(Month/Day/Year) Derivative Security of Price of Derivative Beneficial
(Instr. 4) Derivative Security: Ownership
Security Direct (D) (Instr.5)
or Indirect (I)
(Instr. 5)
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Date Expiration Title Amount or
Exercisable Date Number of
Shares
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There are no securities
beneficially owned
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</TABLE>
Explanation of Responses:
N/A
SUNDAR VISWANATHAN March 5, 1998
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**Signature of Reporting Person Date
**Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. and 15 U.S.C. 78ff(a).
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