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                       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) June 5, 1996

                         Commission File Number 0-25104



                         CONTINENTAL INFORMATION SYSTEMS
                                   CORPORATION
                           (Exact name of registrant)



      New York                                          16-0956508
(State of incorporation)                 (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)





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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

                                                                        
Exhibit No.                                                          

    99         Press Release by Continental Information Systems
               Corporation dated June 5, 1996, announcing
               fourth quarter charge



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                                    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:    June 5, 1996
