SYSTEMED INC /DE 10-K

FORM 10-K FOR FISCAL YEAR ENDED DECEMBER 31, 1995

CHANGE OF CONTROL AGREEMENT WITH SAM WESTOVER

CHANGE OF CONTROL AGREEMENT WITH KENNETH KAY

EMPLOYMENT AGREEMENT DATED 6-30-92, M.J. BARONE

EMPLOYMENT LETTER DATED 9-15-95, R.T. NISHIMURA

EMPLOYMENT LETTER DATED 8-17-95, JERRY BREHANY

EMPLOYMENT LETTER DATED 8-1-95, P.H. HAYASE

EMPLOYMENT LETTER DATED 7-22-94, D.K. TSUYUKI

SEPERATION AGREEMENT DATED 2-16-96. M.P. HANRAHAN

AMENDMENT #1 TO 1993 EMPLOYEE STOCK OPTION PLAN

COMPUTATION OF EARNINGS PER SHARE

SUBSIDIARIES OF REGISTRANT

CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS

CONSENT OF INDEPENDENT AUDITORS

FINANCIAL DATA SCHEDULE