SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549

   
                                   FORM 10-K/A
                                   AMENDMENT NO. 1
    

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


[x]  ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
      EXCHANGE ACT OF 1934 (FEE REQUIRED)

For the fiscal year ended DECEMBER 31, 1995

                OR

[    ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
        SECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED]

Commission file number 0-15355

                                  J.A.M., INC.
            (exact name of registrant as specified in its charter)

               NEW YORK                              16-1092174
      (State of Incorporation)          (IRS Employer Identification No.)



           530 WILLOWBROOK OFFICE PARK, FAIRPORT, NEW YORK     14450
              (Address of Principal Executive Offices)            (Zip Code)


Registrant's telephone number, including area code 716-385-6740

Securities registered pursuant to Section 12(b) of the Act:  None

Securities registered pursuant to Section 12(g) of the Act:

                         Common STOCK, $.01 par value
                               (Title of Class)

Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period
that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days.    Yes   X
No______


Indicate by check mark if disclosure of delinquent filers pursuant to Item 405
of Regulation S-K is not contained herein, and will not be contained, to the
best of the Registrant's knowledge, in definitive
proxy or information statements incorporated by reference in Part III of this
Form 10-K or any amendment to this Form 10-K.  [  ]

                                      -1-


The aggregate market value of common stock held by non-affiliates of the
Registrant at March 29, 1996 was not verifiable due to delisting.

The number of shares of the Registrant's voting stock outstanding on  March 29,
1996 was 15,274,447.

Portions of the 1995 Annual Report to stockholders of Registrant are
incorporated by reference in Parts I and II of this Report.

The Index of Exhibits filed with this Report begins at page 16.

The total number of pages in this Report is 39.


                                 PART I


ITEM 1.  DESCRIPTION OF BUSINESS


GENERAL DEVELOPMENT OF BUSINESS.  The information contained in the J.A.M., Inc.
1995 Annual Report to Stockholders for the year ended December 31, 1995 ("1995
Annual Report") on pages 1 through 7 inclusive is incorporated herein by
reference.


FINANCIAL INFORMATION ABOUT INDUSTRY SEGMENTS.  The business operations of
J.A.M., Inc. are primarily development of interactive multimedia products and
services.   At the present time, J.A.M. can offer clients "Total Turnkey
Solutions" that encompass both hardware and customized software and
applications.  Such solutions might range from stand alone CD-ROM based
multimedia applications to video-on-demand computer-based multimedia
applications such as kiosks or server-based applications utilizing local and
wide area networking.  Using our technology and expertise, J.A.M. can offer
immensely effective solutions to our clients in the areas of training,
education, public information, corporate communications, sales, and marketing.


INFORMATION AS TO LINES OF BUSINESS.  The Company's multimedia product and
services include:

SALES OF IT2000 PRODUCT AND RELATED HARDWARE AND SOFTWARE -- This includes
IT2000 digital video file servers, kiosks, PCs, and support hardware and
software including DCP (Digital Conversion Process) which consists of the
conversion of existing paper and analog-based materials to digital platforms.
DCP is ideal for the conversion of video and videodisc programs to multimedia
PC platforms.

DEVELOPMENT OF MULTIMEDIA APPLICATIONS AND CONTENT  --  Sales of production
services and custom development of projects to meet the various needs to our
customers (training, informational, sales and marketing, database
requirements).

NETWORK CONSULTING AND INTEGRATION SERVICES -- Sales of consulting and
integration services to enable customers to upgrade their computing
environments and implement multimedia networking.

IN-HOUSE SERVICES include:

      *     Multimedia Design/Production
      *     Video Production/Post Production/Computer Graphics
      *     Instructional Design/Writing
      *     CD-ROM & CD-i Production/Mastering
      *     Conversion of Existing Material to Digital Platforms
      *     Network Design/Integration


NARRATIVE DESCRIPTION OF BUSINESS.

The information contained in the J.A.M., Inc. 1995 Annual Report, page 4, is
incorporated herein by reference, to sub-paragraphs (i) and (ii) of this sub
item.


PRINCIPAL PRODUCTS CUSTOM-DESIGNED TRAINING PROGRAMS.

For the years ended December 31, 1995, 1994, and 1993, the Company derived
approximately 95%, 95%, and 75%, respectively, of its revenues from the
production and design of interactive multimedia training and communications
programs.


VIDEO PRODUCTION AND POST- PRODUCTION SERVICES.

Video production and post- production services, which include production
related to training programs, accounted for approximately 5%, 5%, and 10% of
the Company's revenues for the years ended December 31, 1995, 1994, and 1993
respectively.


DEPENDENCE UPON KEY CUSTOMERS. During 1995, the Company had three (3) major
customer which had approximately $721,600 (46%) of total revenues for 1995, as
compared to approximately $200,000 (38%) in 1994, and approximately $388,000
(47%) in 1993.


BACKLOG.  In 1995, the Company produced multimedia and communications services
under contracts with its customers.  The backlog at the end of 1995 was
approximately $350,000.


COMPETITION.  In marketing its services, the Company competes for sales with
many other businesses in training and multimedia communication services.
Several companies also compete directly with the Company in providing video-
based, computer-based, and interactive videodisc training programs.  Many of
the Company's competitors have available greater financial, technical, and
marketing resources than the Company.


EMPLOYEES.  At December 31, 1995, the Company employed 20 full-time employees.
Such  employees included 3 officers, 4 administrative and sales personnel, 2
video production professionals, 7 software
programmers and designers, and 4 instructional designers. The Company also
employs a number of part-time employees and independent contractors depending
on the volume and types of services required for various contracts.  None of
the Company's employees currently are represented by a labor union.  Management
believes that employee relations are good.

In its production of recorded performances, the Company engages various artists
and other production personnel who may be members of unions.  The Company has
not entered into any labor agreement with any such union, but complies with the
terms of union agreements when dealing with union members.


EXECUTIVE OFFICERS OF THE REGISTRANT.  John A. Marszalek is the founder of the
Company and has served as its President and as a Director since its
incorporation in 1977.  Prior to founding the Company, Mr. Marszalek 
served as general manager of two radio broadcast facilities in Rochester.  
He holds a Masters Degree from the University of Katowicace, Poland.



ITEM 2.  PROPERTIES.  During August of 1992, the Company moved its headquarters
to Fairport, which is a suburb of Rochester, New York, to reduce its expenses.
The President of the Company personally guaranteed the five year lease
agreement.  The Company leases approximately 5,000 square feet of office space
under a six-year net lease agreement expiring August 31, 1998, at an annual
rental of approximately $70,000. This is a reduction of the Company's former
annual rental by $36,000 per year.

In December, 1995, the Company signed a second lease agreement for an
additional 2,300 square feet on a one-year net lease at an annual rental of
approximately $36,000 per year.


ITEM 3.  LEGAL PROCEEDINGS.  Not Applicable.


ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.  Not Applicable.


                                 PART II


ITEM 5.  MARKET FOR THE REGISTRANT'S COMMON STOCK AND RELATED STOCKHOLDER
MATTERS.  The information concerning the principal market, sales, prices,
number of holders, dividends and dividend policy for the common stock of the
Company, contained in the J.A.M., Inc. 1995 Annual Report,  Page 5, is
incorporated herein by reference.


ITEM 6.  SELECTED FINANCIAL DATA. The information contained in the tabulation
"Five Year Summary of Selected Financial Information" in the J.A.M., Inc. 1995
Annual Report, page 8, is incorporated herein by reference.


ITEM 7.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
RESULTS OF OPERATIONS.  The information bearing the same title contained in the
J.A.M., Inc. 1995 Annual Report, pages 6 through 7, is incorporated herein by
reference.


ITEM 8.  FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.  The financial
statements, prepared by the Company and contained in the J.A.M., Inc. 1995
Annual Report, pages 9 through 14 inclusive, are incorporated herein by
reference.  Other financial schedules are filed herewith as
part of this Report, see Item 14.


ITEM 9.  CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
FINANCIAL DISCLOSURES.  The information concerning this matter appears at page
7 of the Company's 1995 Annual Report, and is incorporated herein by reference.


                                PART III


ITEM 10.  DIRECTORS OF THE REGISTRANT.  The Company was not able to hold an
Annual Meeting in 1995 due to lack of a quorum.

JOHN A. MARSZALEK.  Mr. Marszalek, 47 years of age, is the founder of the
Company and has served as its President and as a Director since its
incorporation in 1977.  Prior to founding the Company, Mr. Marszalek served as
general manager of two radio broadcast facilities in Rochester, New York.

PETER A. SPINA.  Dr. Spina, 57 years of age, has been a Director since June,
1989.  He is President of Monroe Community College in Rochester, New York.  He
also serves as a director and officer of Blue Cross and Blue Shield of
Rochester, New York, a director of Trinity Liquid Assets Trust, a director of
Home Care Research of Rochester, New York, and is past president of the
Association of Public Community Colleges.

DAVID DELLA PENTA.  Mr. DellaPenta, 47 years of age, was elected to the Board
of Directors at the September 22, 1994 meeting.  He is the President of Nalge
Corporation, a Rochester, NY-based  manufacturer of high-quality plastic
products sold into the scientific research, industrial, and consumer markets
worldwide.

There are no family relationships between any Director, executive officer, or
person nominated or chosen by the Board to become a Director or executive
officer.  The Board of Directors held four meetings during 1995, and all of the
incumbent Directors attended more than 75% of the aggregate of the total number
of Board meetings and total number of meetings held by all committees of the
Board on which they serve.


COMPLIANCE WITH SECTION 16(A) OF THE EXCHANGE ACT.   Section 16(a) of  the
Securities Exchange Act of 1934 requires the Company's officers and directors
and persons who own more than ten percent of a registered class of the
Company's equity securities, to file reports of ownership and changes in
ownership with the Securities and Exchange Commission and the National
Association of Securities Dealers, Inc.  Officers, directors, and greater than
ten percent shareholders are required by SEC regulation to furnish the Company
with copies of all Section 16(a) forms they file.

   
As of March 29, 1996, Directors Peter Spina and David Della Penta had not yet 
filed Form 3 Reports in connection with their election as Directors, nor 
Form 4 Reports to report on the Stock Appreciation Rights ("SARs") they each 
were granted on December 14, 1995.  Also as of March 29, 1996, John
Marszalek had not filed various Form 4 Reports required to report on private
sales he had made of the Company's Sommon Stock at various times from
April 1993 through March 1995, nor to report on the 3,000,000 shares he 
was granted by the Board on December 14, 1995 as partial repayment of a loan
he had previously made to the Company.  All of these situations were rectified
by these individuals with Form 3 and 4 filings that were made by each of them 
during September and October 1996.

ITEM 11.  EXECUTIVE COMPENSATION. Under the SEC's executive compensation
disclosure rules, information is required to be provided with respect to the
compensation and benefits paid by the Company for all services rendered during
1995, 1994 and 1993 to five individuals:  the person who was, at December 31,
1995, serving as the Company's Chief Executive Officer, and the four other
individuals who were, as of  December 31, 1995, the other four most highly
compensated executive officers of the Company whose 1995 salary and bonus
exceeded $100,000 in amount.   

No officers of the Company received compensation exceeding $100,000 in any 
of such years.  Accordingly, information is presented only for Mr. Marszalek:

                                SUMMARY COMPENSATION TABLE

                        ANNUAL COMPENSATION

NAME AND                
PRINCIPAL                                               ALL OTHER
POSITION        YEAR    SALARY($)       BONUS($)        COMPENSATION($)

John A.         1995    $61,836         -0-             $11,481 (1)
Marszalek       1994    $47,470         -0-             $ 9,710 (2)
                1993    $23,576         -0-             $11,761 (3)
______________________
(1)  Of this total, $9,000 represents the value of Mr. Marszalek's
car allowance and $2,481 represents additional health insurance premiums
paid by the Company on his behalf.

(2)  Of this total, $6,264 represents the value of Mr. Marszalek's
car allowance and $3,446 represents additional health insurance premiums
paid by the Company on his behalf.

(3)  Of this total, $8,509 represents the value of Mr. Marszalek's
car allowance and $3,252 represents additional health insurance premiums
paid by the Company on his behalf.
    

MANAGEMENT COMPENSATION.  The Company's President, Mr. Marszalek, has an
employment agreement with the Company, effective as of December 3, 1986.  The
agreement extends through December 31, 2000, and provides that Mr. Marszalek is
to serve full-time Chief Executive Officer and Chairman of the Board of the
Company.  Pursuant to this agreement, Mr. Marszalek is entitled to participate
in any benefit plans or programs for executive officers or employees that may
be in effect from time to time and is entitled to reimbursement for the use of
an automobile.  It also provides for the payment of the greater of one year's
salary or his then current salary for the remainder of the contract term in
connection with his termination without cause prior to the expiration of the
agreement.

   
COMPENSATION OF DIRECTORS.  Directors do not receive any compensation for
services as a Director.  Directors of the Company are reimbursed for out-of-
pocket expenses incurred on the Company's behalf.  However, in December 1995, 
the Board approved teh grant of 100,000 SARs to each of Messrs. Spina and
Della Penta for their services rendered to the Company.  These SARs entitle
these individuals, upon the exercise of an SAR, to receive the difference
between the then-fair market value of a share of the Company's Common Stock
and $.04 per share, which will be paid in cash by the Company to the SAR
holder within five days following the Company's receipt of the holder's notice
of exercise of an SAR; provided, however, that the Company reserves the 
right, at any time and in its sole discretion, to convert these SARs into
non-qualified stock options to purchase the same number of shares of its 
Common Stock at an exercise price of $.04 per share and on the same terms and
conditions as are applicable to these SARs.  These SARs are for a term of ten
years from their grant date.  None of them are exercisable for two years 
following their grant date.  Thereafter, 25% ofthese SARs become exercisable
on the second anniversary of their grant date and an additional 25% become
exercisable on each of the third, fourth and fifth anniversaries of their
grant date.
    

COMPENSATION PURSUANT TO PLANS.  STOCK OPTION PLAN.  In May of 1986, the
shareholders of the Company approved the Incentive Stock Option Plan  (the "ISO
Plan") for officers and key employees.  The ISO Plan authorizes the issuance of
options to purchase up to 200,000 shares of  the Company's common stock.
Options granted under the ISO Plan are intended to qualify as "incentive stock
options" under the Internal Revenue Code of 1986, as amended.  Under the ISO
Plan, options may be granted at not less than 100% (110% in the case of 10% or
greater shareholders) of the fair market value of the Company's common stock on
the date of grant.  Options granted under the ISO Plan must be exercised, if at
all, within ten years from the date of grant (five years in the case of 10% or
greater shareholders) and no option may be granted more than ten years from the
date of adoption of the Plan.  Options granted under the ISO Plan may not be
transferred, except by will or by the laws of descent and distribution.
Options granted under the plan must be exercised, if at all, within three 
months after termination of employment for any reason except death or 
disability and within 60 days after death or within one year after 
termination of employment due to disability. The Board of Directors of the 
Company, or the Compensation Committee of the Board, has the power to 
impose limitations, conditions, and restrictions in connection with the 
grant of any option.

   
                                     -8-

1987 STOCK OPTION PLAN.  In May of 1988, the shareholders of the Company
approved the 1987 Stock Option Plan (the "1987 Plan") under which options to
purchase stock may be granted to officers and other key employees of the
Company.  The 1987 Plan authorizes the issuance of  options to purchase up to
500,000 shares of the common stock of the Company.  The provisions of this plan
are substantially the same as those of the Incentive Stock Option Plan, except
that the 1987 Plan authorizes the issuance of both options intended to qualify
as "incentive stock options" under the Internal Revenue Code of 1986, as
well as options that do not so qualify.  As of December 31, 1995, there were
options outstanding to purchase up to 365,000 shares of  Common Stock of the
Company.  During 1995, no options were exercised under the 1987 Plan.  

During 1995, Mr. Marszalek was not granted any options under either of these 
Plans, nor did he hold or exercise any options under either of these Plans.
    

ITEM 12.  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT.  The
following table sets forth as of March 29, 1996, the number and percentage of
outstanding shares of common stock beneficially owned by each Director of the
Company, by all Directors and current officers of the Company as a group, and
by each person known to the Company to be the beneficial owner of more than 5%
of the Company's common stock.  The Company believes that each individual in
this group has sole investment and voting power with respect to his shares
unless otherwise noted:
   
                             Number of         Percentage of Shares
NAME OF NOMINEE              SHARES             OUTSTANDING

John A. Marszalek           3,587,572           23.5%
211 Inspiration Point
Webster, NY 14580

Peter A. Spina                  -0-               -0-

David DellaPenta                -0-               -0-

Charles D. Wimmer             896,000            5.9%
3163 Canoga Road
Seneca Falls, NY 13148

Cede & Co.*                 6,600,997           43.2%
Box 20, Bowling Gren Stn.
New York, NY 10274
___________________________
*  The shares held in this account are held in "street name" for the 
beneficial owners of such shares.  The Company is unable to determine
whether any of the beneficial owners of these shares owns more than
5% of its outstanding shares.
    

ITEM 13.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS.  Not Applicable

                                      -9-



                                 PART IV


ITEM 14.  EXHIBITS, FINANCIAL STATEMENT SCHEDULES, AND REPORTS ON FORM
8-K.  The following documents are filed as part of this Report.

The following financial statements are contained in the J.A.M., Inc. 1995
Annual Report and are incorporated herein by reference in Item 8 of this
Report:

 - Balance Sheets, December 31, 1995 and 1994

 - Statements of Operations for the years ended December 31, 1995, 1994 and
1993.

 - Statements of Stockholders' Equity for the years ended December 31, 1995,
1994 and 1993.

 - Statements of Cash Flows for the years ended December 31, 1995, 1994 and
1993.

 - Notes to Financial Statements



SCHEDULES - The following schedules are filed as a part of this Report:

 - V  Property, plant and equipment
 - VI Accumulated depreciation, depletion and amortization
 - VIII Valuation and qualifying accounts and reserves
 - X  Supplemental Income Statement Information

Other schedules are omitted because of the absence of conditions under which
they are required or because the required information is given in the financial
statements or the notes thereto.


EXHIBITS - See Exhibit Index attached.


REPORTS ON FORM 8-K.   No report on Form 8-K was filed during the fourth
quarter of 1995.



                  SCHEDULE V - PROPERTY, PLANT AND EQUIPMENT

             For The Years Ended December 31, 1995, 1994, and 1993



                          Balance at                           Balance
                          beginning                            at end
CLASSIFICATION            OF YEAR   ADDITIONS   RETIREMENTS    OF YEAR


December 31, 1995:

Leasehold improvements $   13,183  $ 14,766     $  0            $ 27,949
Production equipment      258,732   242,640        0             501,372
Design and development
      equipment           137,416         0      511             136,905
Office furniture and 
        equipment         151,239         0   88,025              63,214
                        $ 560,570  $257,406  $88,536            $729,440

December 31, 1994:

Leasehold improvements $   10,722 $  17,227 $ 14,766            $ 13,183
Production equipment      327,955    23,277   92,500             258,732
Design and development
      equipment           190,268     2,644   55,496             137,416
Office furniture and 
        equipment         112,514    65,758   27,033             151,239

                        $ 641,459  $108,906 $189,795           $ 560,570


December 31, 1993:

Leasehold improvements $   10,722  $      0  $     0           $  10,722
Production equipment      327,955         0        0             327,955
Design and development
      equipment           147,943    42,325        0             190,268
Office furniture and 
        equipment          87,508    25,292      286             112,514

                        $ 574,128  $ 67,617    $ 286            $641,459


                                     -11-



          SCHEDULE VI - ACCUMULATED DEPRECIATION AND AMORTIZATION OF
                         PROPERTY, PLANT AND EQUIPMENT

             For the Years Ended December 31, 1995, 1994 and 1993



                           Balance at                                Balance
                           beginning                                 at end
CLASSIFICATION             OF YEAR        ADDITIONS   RETIREMENTS    OF YEAR

December 31, 1995:

   Leasehold improvements $      969 $    1,843         $   0   $   2,812
   Production equipment      243,598    138,772             0     382,370
   Design and development
      equipment              132,153     11,789             0     143,942
   Office furniture and 
   equipment                  65,651          0        34,144      31,507

                        $   442,371 $152,404        $  34,144   $ 560,631

December 31, 1994:

   Leasehold improvements      2,820       940             2,791           969
   Production equipment      275,822    94,109           126,333       243,598
   Design and development
      equipment              131,405    63,159             62,411      132,153
   Office furniture and 
   equipment                  46,077    32,691             13,117       65,651

                        $    456,124  $190,899          $ 204,652   $  442,371


December 31, 1993:

Leasehold improvements $         120 $   2,700          $     0      $  2,820
   Production equipment      254,222    21,600                0       275,822
   Design and development
      equipment              120,605     10,800               0       131,405
   Office furniture 
   and equipment              27,177     18,900               0        46,077
                        $   402,124 $    54,000         $     0   $   456,124

                                     -12-



        SCHEDULE VIII - VALUATION AND QUALIFYING ACCOUNTS AND RESERVES

             For the Years Ended December 31, 1995, 1994 and 1993



                                    Additions
                        Balance at  Charged to                 Balance
                        beginning   Costs and   Deduc-         at end
DESCRIPTION             OF YEAR     EXPENSES    TIONS (1)            OF YEAR


Allowance for doubtful
accounts - deducted from
accounts and notes receivable
in the balance sheet


December 31, 1995       $  3,600    $       0   $   1,803   $1,797



December 31, 1994       $  3,600    $       0   $       0   $3,600




December 31, 1993       $  3,600    $       0   $       0   $3,600


(1) uncollectable accounts written off.



                                     -13-



            SCHEDULE X - SUPPLEMENTARY INCOME STATEMENT INFORMATION

             For The Years Ended December 31, 1995, 1994, and 1993



ITEM                          CHARGED  TO COSTS  AND  EXPENSES

                                1995         1994        1993


Maintenance and repairs       $    *      $ 8,609     $    *____


Depreciation and amortization
     of intangible assets, pre-
     operating costs and similar
     deferrals                $    0      $46,082     $55,000


Taxes, other than payroll and
     income taxes             $   *       $  *        $  *_____


Royalties                     $   0       $  0        $  *_____


Advertising costs           $28,409     $  8,072     $  *_____

* Less than 1% of total sales.

                                     -14-



                               SIGNATURES

   

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange
Act of 1934, the Company has duly caused this Amendment No. 1 to be signed on 
its behalf by the undersigned, thereunto duly authorized.
           
                                          J.A.M., Inc.



Dated:  October 31, 1996             By:/s/John A. Marszalek
                                               President and Chief
                                               Executive Officer

    




                                 EXHIBIT INDEX


Exhibit
NUMBER            DESCRIPTION                   LOCATION


3-1     Restated Certificate of                 Previously Filed 
        Incorporation of 
        J.A.M., Inc., as amended.           


3-2     Bylaws of J.A.M., Inc.                  Previously Filed             


4-1     Form of Common Stock Certificate of     Incorporated by Reference to
        J.A.M., Inc.                            Exhibit 4 (a) to Registrant's
                                                S-18, registration no. 
                                                33-7486-NY, declared effective
                                                November 10, 1986


10-1    Employment Agreement between Registrant         Previously Filed 
        and John A. Marszalek dated July 17, 1986. 

10-2    Registrant's Incentive Stock Option Plan        Previously Filed

10-3        Registrant's 1987 Stock Option Plan         Previously Filed

10-4        Employee Agreement Regarding                Previously Filed
            Proprietary Information and Inventions 
            between Registrant and       
            John A. Marszalek
   
10-5        Form of Stock Appreciation Rights           Filed herewith
            Agreement between the Company and
            certain Directors and Consultants,
            dated December 14, 1995
    

11          Statement re:  Computation of Per Share     *
            Earnings.

   
13          J.A.M., Inc. 1995 Annual Report             Filed herewith
                to Shareholders 
    
27      Financial Data Schedule                         Previously Filed

*See Note 2 to the Notes to Consolidated Financial Statements incorporated by
reference in Item e of this Report.