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<SEC-DOCUMENT>0000914317-96-000087.txt : 19960429
<SEC-HEADER>0000914317-96-000087.hdr.sgml : 19960429
ACCESSION NUMBER:		0000914317-96-000087
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	19960422
ITEM INFORMATION:		Other events
ITEM INFORMATION:		Financial statements and exhibits
FILED AS OF DATE:		19960426
SROS:			NASD

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CONTINENTAL INFORMATION SYSTEMS CORP
		CENTRAL INDEX KEY:			0000024071
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER RENTAL & LEASING [7377]
		IRS NUMBER:				160956508
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			0531

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-25104
		FILM NUMBER:		96551666

	BUSINESS ADDRESS:	
		STREET 1:		ONE NORTHERN CONCOURSE
		STREET 2:		P O BOX 4785
		CITY:			SYRACUSE
		STATE:			NY
		ZIP:			13221-4785
		BUSINESS PHONE:		3154551900

	MAIL ADDRESS:	
		STREET 1:		ONE NORTHERN CONCOURSE
		STREET 2:		P O BOX 4785
		CITY:			SYRACUSE
		STATE:			NY
		ZIP:			13221-4785
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<DESCRIPTION>CIS CORP   8-K   4/26/96
<TEXT>

            --------------------------------------------------------

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                              --------------------


                                    FORM 8-K


                 CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d)
                     OF THE SECURITIES EXCHANGE ACT OF 1934

                              ---------------------


        Date of Report (Date of earliest event reported) April 22, 1996

                         Commission File Number 0-25104


                         CONTINENTAL INFORMATION SYSTEMS
                                   CORPORATION
                           (Exact name of registrant)



      New York                                           16-0956508
(State of organization)                  (I.R.S. Employer Identification Number)



      One Northern Concourse, P.O. Box 4785, Syracuse, New York 13221-4785
              (Address of principal executive offices and zip code)


                                 (315) 455-1900
                         (Registrant's telephone number)


                ------------------------------------------------













                                   Page 1 of 4
<PAGE>
ITEM 5.    OTHER EVENTS

                  Continental   Information  Systems  Corporation   incorporates
herein by reference  the  information  contained in the press  release  filed as
Exhibit 99 to this Current Report.


ITEM 7.    EXHIBITS


                                                                   Sequentially
Exhibit No.                                                        Numbered Page
- -----------                                                        -------------

99             Press Release by Continental Information Systems
               Corporation dated April 22, 1996, announcing
               financing facility and vendor program . . . . . . . . . .  4









































                                  Page 2 of 4
<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 hereunto duly authorized.


                                                 CONTINENTAL INFORMATION SYSTEMS
                                                 CORPORATION





                                                  BY:   /s/ Frank J. Corcoran
                                                       -------------------------
                                                       Frank J. Corcoran
                                                       Senior Vice President,
                                                       Chief Financial Officer
                                                       and Treasurer


Dated:    April 24, 1996


































                                  Page 3 of 4
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<TEXT>

                                                                      EXHIBIT 99


FOR IMMEDIATE RELEASE

For Further Information Contact:
Frank J. Corcoran
Senior Vice President and Chief Financial Officer
(315) 455-4882





                   CONTINENTAL INFORMATION SYSTEMS CORPORATION
                 ANNOUNCES FINANCING FACILITY AND VENDOR PROGRAM


SYRACUSE,   NEW  YORK,  April  22,  1996  --  Continental   Information  Systems
Corporation  (NASDAQ - CISC)  today  announced  it has  finalized  a $5  million
revolving loan agreement with the Vendor Finance  Division of Heller  Financial,
Inc.  The  agreement  represents  a  commitment  to provide  warehouse  and term
financing facilities for the Company's lease origination activity.

The Company  also  announced  it has entered  into a vendor  program  with C-Cam
International,  a Tulsa,  Oklahoma based manufacturer of intermodal  containers.
The Company will provide lease  financing for C-Cam  containers  leased to major
shippers of chemicals and other liquid  commodity  products.  Under the program,
the  Company  expects  to  finance  in  excess  of  $10  million  of  new  lease
originations over the next two years.

Continental Information Systems Corporation is engaged in the business of buying
and selling  telecommunications  equipment,  printing  systems,  and  commercial
aircraft, and providing leasing services in connection with such equipment,  and
certain other industrial equipment.


                                      #####














                                   Page 4 of 4
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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