SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-C
REPORT BY ISSUER OF SECURITIES QUOTED ON NASDAQ
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
SITEL CORPORATION
(Exact name of issuer as specified in charter)
13215 Birch Street
Omaha, Nebraska 68164
(Address of principal executive offices)
(402) 498-6810
(Issuer's telephone number, including area code)
____________________________________________
I. CHANGE IN NUMBER OF SHARES OUTSTANDING
Indicate any change (increase or decrease) of 5% or more in the number of
shares outstanding:
1. Title of security: Common Stock, $.001 par
2. Number of shares outstanding before the change: 18,645,806
3. Number of shares outstanding after the change: 20,017,032
4. Effective date of change: June 28, 1996
5. Method of change:
Specify method (such as merger, acquisition, exchange, distribution,
stock split, reverse split, acquisition of stock for treasury, etc.):
Acquisition.
Give brief description of transaction: Issuance of 1,371,226 shares in
connection with the acquisition of National Action Financial Services,
Inc.
II. CHANGE IN NAME OF ISSUER
(not applicable)
1. Name prior to change:
2. Name after change:
3. Effective date of charter amendment changing name:
4. Date of shareholder approval of change, if required:
____________________________________________
SITEL CORPORATION
Date: July 8, 1996 By: /s/
James F. Lynch, Chairman and Chief Executive Officer
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