SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                  --------------------------------------------
                                 F O R M  10-Q

 
                   Quarterly Report Under Section 13 or 15(d)
                     of the Securities Exchange Act of 1934
                  -------------------------------------------


For Quarter Ended  September 27, 1997              Commission File Number 0-7282
                   

                            COMPUTER HORIZONS CORP.
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)


           New York                                         13-2638902
-------------------------------                       ----------------------
(State or other jurisdiction of                          (I.R.S. Employer
incorporation or organization)                        Identification Number)

        49 Old Bloomfield Avenue, Mountain Lakes, New Jersey 07046-1495
--------------------------------------------------------------------------------
(Address of principal executive offices)                          (Zip code)

       Registrant's telephone number, including area code (973) 299-4000
                                                          --------------

                                 Not Applicable
            -------------------------------------------------------
            (Former name, former address and former fiscal year, if
                           changed since last report)

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  twelve 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.

                                X
                               ---              --
                               Yes              No

As of  October  22,  1997,  the  issuer had  27,100,399  shares of common  stock
outstanding.
<PAGE>

                             COMPUTER HORIZONS CORP.


                                      Index


                                                              

Part I            Financial Information

                  Consolidated Balance Sheets
                  September 27, 1997 and December 31, 1996         

                  Consolidated Statements of Income
                  Three Months and Nine Months Ended
                  September 27, 1997 and 1996                      

                  Condensed Consolidated Statements of
                  Cash Flows - Nine Months Ended
                  September 27, 1997 and 1996                     

                  Notes to Consolidated Financial Statements  

                  Management's Discussion and Analysis
                  of Financial Condition and Results of
                  Operations                                  

Part II           Other Information                           

                  Signatures                                  



<PAGE>
<TABLE>
<CAPTION>
COMPUTER HORIZONS CORP. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS                        (Unaudited)

                                                                 Sept. 27,  December 31,
                                                                   1997        1996
                                                                 ---------  ------------
                                                                    (in thousands)
<S>                                                              <C>        <C>     
ASSETS
CURRENT ASSETS:
  Cash and cash equivalents ..................................   $ 90,987   $ 10,937
  Accounts receivable, net of allowance for doubtful
    accounts of $2,158,000 and $1,203,000 at Sept. 27, 1997
    and December 31, 1996, respectively ......................     76,700     54,280
  Deferred income tax benefit ................................      1,467      1,024
  Other ......................................................      1,528        962
                                                                 --------   --------
          TOTAL CURRENT ASSETS ...............................    170,682     67,203
                                                                 --------   --------

PROPERTY AND EQUIPMENT .......................................     10,935      9,449
  Less accumulated depreciation ..............................      6,542      5,228
                                                                 --------   --------
                                                                    4,393      4,221
                                                                 --------   --------

OTHER ASSETS - NET:
  Goodwill ...................................................     12,987     13,322
  Deferred income tax benefit ................................        797        583
  Other ......................................................      3,883      3,083
                                                                 --------   --------
          TOTAL OTHER ASSETS .................................     17,667     16,988
                                                                 --------   --------


TOTAL ASSETS .................................................   $192,742   $ 88,412
                                                                 ========   ========

<PAGE>
<CAPTION>
COMPUTER HORIZONS CORP. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS                        (Unaudited)

                                                                 Sept. 27,  December 31,
                                                                   1997        1996
                                                                 ---------  ------------
                                                                    (in thousands)
<S>                                                              <C>        <C>     


LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
  Current portion of long-term debt ..........................   $  1,432   $  1,867
  Accrued payroll, payroll taxes and benefits ................     12,977     11,963
  Accounts payable ...........................................        969      1,122
  Income taxes payable .......................................      2,461        940
  Other accrued expenses .....................................      1,492        749
                                                                 --------   --------
          TOTAL CURRENT LIABILITIES ..........................     19,331     16,641
                                                                 --------   --------

LONG-TERM DEBT ...............................................          0      1,432
                                                                 --------   --------

OTHER LIABILITIES ............................................      1,811      1,525
                                                                 --------   --------

SHAREHOLDERS' EQUITY:
  Preferred stock, $.10 par; authorized and unissued
    200,000 shares,  including 50,000 Series A
  Common stock, $.10 par, authorized 60,000,000 shares; issued
    28,886,157 shares and 25,918,363 shares at Sept. 27, 1997
    and December 31, 1996, respectively ......................      2,889      2,592
  Additional paid-in capital .................................    117,466     29,880
  Retained earnings ..........................................     65,893     50,990
                                                                 --------   --------
                                                                  186,248     83,462
  Less 1,786,883 shares held in treasury, at cost ............     14,648     14,648
                                                                 --------   --------
          TOTAL SHAREHOLDERS' EQUITY .........................    171,600     68,814
                                                                 --------   --------


TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY ...................   $192,742   $ 88,412
                                                                 ========   ========
</TABLE>

See notes to consolidated financial statements.

<PAGE>
<TABLE>
<CAPTION>
COMPUTER HORIZONS CORP. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME               (Unaudited)

                                                THREE MONTHS ENDED                                NINE MONTHS ENDED
                                     ------------------------------------------     -----------------------------------------
                                          SEPT. 27, 1997        SEPT. 27, 1996        SEPT. 27, 1997        SEPT. 27, 1996
                                     --------------------  --------------------     -------------------  --------------------
                                                              (in thousands, except per share data)
<S>                                  <C>          <C>      <C>          <C>         <C>         <C>      <C>          <C>
REVENUES                                $81,383   100.0%      $57,275   100.0%        $226,846  100.0%     $170,338   100.0%
                                     --------------------  --------------------     -------------------  --------------------
COSTS AND EXPENSES:
     Direct costs                        54,421    66.9%       39,756    69.4%         153,542   67.7%      119,084    69.9%
     Selling, general and
        administrative                   16,477    20.2%       13,177    23.0%          47,542   21.0%       37,802    22.2%
                                     --------------------  --------------------     -------------------  --------------------
                                         70,898    87.1%       52,933    92.4%         201,084   88.6%      156,886    92.1%
                                     --------------------  --------------------     -------------------  --------------------

INCOME FROM OPERATIONS                   10,485    12.9%        4,342     7.6%          25,762   11.4%       13,452     7.9%
                                     --------------------  --------------------     -------------------  --------------------
OTHER INCOME (expense):
     Interest income                        121     0.1%           83     0.1%             314    0.1%          248     0.1%
     Interest expense                      (44)    -0.1%         (99)    -0.2%           (202)   -0.1%        (388)    -0.2%
     Equity in Joint Venture
       net earnings                        (75)    -0.1%          200     0.3%             138    0.1%          643     0.4%
                                     --------------------  --------------------     -------------------  --------------------
                                              2     0.0%          184     0.3%             250    0.1%          503     0.3%
                                     --------------------  --------------------     -------------------  --------------------

INCOME BEFORE INCOME TAXES               10,487    12.9%        4,526     7.9%          26,012   11.5%       13,955     8.2%
                                     --------------------  --------------------     -------------------  --------------------
INCOME TAXES:
     Current                              4,422     5.4%        1,358     2.4%          11,766    5.2%        5,929     3.5%
     Deferred                                87     0.1%          535     0.9%           (657)   -0.3%         (47)     0.0%
                                     --------------------  --------------------     -------------------  --------------------
                                          4,509     5.5%        1,893     3.3%          11,109    4.9%        5,882     3.5%
                                     --------------------  --------------------     -------------------  --------------------

NET INCOME                               $5,978     7.3%       $2,633     4.6%         $14,903    6.6%       $8,073     4.7%
                                     ====================  ====================     ===================  ====================

EARNINGS PER SHARE:
     Net income                           $0.23                 $0.10                    $0.58                $0.32
                                     ===========           ===========              ===========          ===========

WEIGHTED AVERAGE NUMBER OF
SHARES OUTSTANDING                   26,093,000            25,376,000               25,878,000           25,427,000
                                     ===========           ===========              ===========          ===========
</TABLE>
See notes to consolidated financial statements.
<PAGE>
<TABLE>
<CAPTION>
COMPUTER HORIZONS CORP. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS               (Unaudited)

                                                             Nine Months Ended
                                                           ---------------------
                                                           Sept. 27,   Sept. 27,
                                                             1997        1996
                                                           --------    --------
                                                              (in thousands)
<S>                                                        <C>         <C>     
CASH FLOWS FROM OPERATING ACTIVITIES ...................   ($ 1,941)   $    424
                                                           --------    --------

CASH FLOWS FROM INVESTING ACTIVITIES
   Purchases of property and equipment .................     (1,486)     (1,871)
   Acquisitions ........................................       (115)       (362)
   (Increase) / decrease in other assets ...............       (800)       (251)
                                                           --------    --------
                                                             (2,401)     (2,484)
                                                           --------    --------

CASH FLOWS FROM FINANCING ACTIVITIES
   Long-term debt, net .................................     (1,867)     (2,428)
   Stock options exercised .............................      2,546       1,664
   Proceeds from issuance of stock .....................     83,713
                                                           --------    --------
                                                             84,392        (764)
                                                           --------    --------

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS ...     80,050      (2,824)

CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR .........     10,937       9,166
                                                           --------    --------

CASH AND CASH EQUIVALENTS AT END OF PERIOD .............   $ 90,987    $  6,342
                                                           ========    ========
</TABLE>


See notes to consolidated financial statements.
<PAGE>
                             COMPUTER HORIZONS CORP.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

               For the Quarters Ended September 27, 1997 and 1996



              The information  furnished  reflects all adjustments which, in the
opinion  of the  Company,  are  necessary  to present  fairly  its  consolidated
financial  position and the results of its  operations  and changes in financial
position for the periods indicated.

              Reference is made to the Company's annual financial statements for
the year ended December 31, 1996, for a description of the accounting  policies,
which have been continued without change. Also refer to the footnotes with those
annual statements for additional details of the Company's  financial  condition,
results of operations and changes in cash flows. The details in those notes have
not  changed  except as a result of normal  transactions  in the interim and the
stock split and public offering described below.

              On May 7, 1997,  the Board of Directors  declared a  three-for-two
common stock split in the form of a 50% stock  distribution,  payable on June 9,
1997,  to  shareholders  of record on May 22, 1997. An amount equal to the $0.10
par value of the common shares  distributed has been  retroactively  transferred
from additional paid-in capital to common stock. All references in the financial
statements  with  regard to the  number of shares of common  stock and per share
amounts have been retroactively adjusted.

              On September 23, 1997,  the Company sold  2,500,000  shares of its
common  stock in a public  offering,  realizing  net  proceeds of  approximately
$83,700,000.  The Company intends to use the net proceeds  primarily for working
capital and general corporate purposes.  A portion of such net proceeds may also
be used to fund future acquisitions, if any.


Impact of Accounting Pronouncements, Not Yet Adopted

Earnings per Share: In February 1997, the Financial  Accounting  Standards Board
(FASB)  issued  SFAS No.  128,  "Earnings  per  Share",  which  requires  public
companies to present basic earnings per share (EPS) and, if applicable,  diluted
earnings  per share,  instead of primary  and fully  diluted  EPS.  Basic EPS is
calculated by dividing the net income by the weighted  average  number of shares
outstanding for the period,  without consideration for common stock equivalents.
Diluted EPS is computed  similarly to fully diluted EPS under the  provisions of
APB  Opinion No. 15.  Revision  of the EPS  standard  had two  objectives  -- to
simplify  the  earnings  per  share  calculation  and to make  the EPS  standard
applicable to US entities  comparable  to the standards of most other  countries
and to the international standard, which was also recently revised.
<PAGE>
              Although  presentation  of this new format is required for periods
ending after  December 15,  1997,  early  application  is not  permitted.  Staff
Accounting  Bulletin No. 74, however,  requires public  companies to discuss the
expected impact of adopting the new accounting pronouncement.

              Had  EPS  been  calculated  under  SFAS  No.  128,  the  Company's
Pro-Forma Basic EPS and Diluted EPS would have been as follows:
<TABLE>
<CAPTION>
                                                   Three Months                   Nine Months
                                                  Ended Sept. 27,                Ended Sept. 27,
                                            -----------------------        -----------------------
                                                1997        1996              1997         1996
                                            ----------   ----------        ----------   ----------
<S>                                         <C>          <C>               <C>          <C>       
Pro-forma earnings per share:
     Basic                                       $0.24        $0.11             $0.61        $0.34
     Diluted                                      0.23         0.10              0.58         0.32

Pro-forma weighted average
number of shares outstanding:
     Basic                                  24,602,000   24,091,000        24,451,000   23,861,000
     Diluted                                26,093,000   25,376,000        25,878,000   25,427,000
</TABLE>

Comprehensive  Income:  In June  1997,  FASB  issued  SFAS No.  130,  "Reporting
Comprehensive  Income",  which  requires  that all items that are required to be
recognized under accounting standards as components of comprehensive  income, be
reported in a financial statement that displays total  comprehensive  income for
the period. This standard is effective for fiscal years beginning after December
15,  1997 and is not  expected  to have a  significant  impact on the  Company's
financial statement presentation.

Segments of an Enterprise  and Related  Information:  In June 1997,  FASB issued
SFAS  No.  131,  "Disclosures  about  Segments  of  an  Enterprise  and  Related
Information", which requires disclosure of information about operating segments,
products and services,  geographic areas and major  customers.  This standard is
effective for financial  statements  for periods  beginning  after  December 15,
1997.  The  impact  of  this  standard  on  the  Company's  financial  statement
presentation has not as yet been determined.
<PAGE>
                     MANAGEMENT'S DISCUSSION AND ANALYSIS OF
                  FINANCIAL CONDITION AND RESULTS OF OPERATIONS

               For the Quarters Ended September 27, 1997 and 1996


     Revenues.  Revenues  increased  from $57.3  million in the third quarter of
1996 to $81.4 million in the third quarter of 1997, an increase of $24.1 million
or 42.1%. Staffing revenues increased from $44.3 million in the third quarter of
1996 to $52.4  million in the third quarter of 1997, an increase of $8.0 million
or 18.0%. Total solutions revenues, including Year 2000 revenues, increased from
$12.9 million in the third quarter of 1996 to $29.0 million in the third quarter
of 1997,  an increase of $16.1 million or 124.6%.  Year 2000  services  revenues
increased from $2.8 million in the third quarter of 1996 to $19.6 million in the
third quarter of 1997,  an increase of $16.8  million.  The Company's  Year 2000
business  accounted  for 4.9% of total  revenues  in the third  quarter  of 1996
versus 24.1% of total revenues in the third quarter of 1997. Solutions revenues,
excluding Year 2000 services, decreased slightly from $10.1 million in the third
quarter of 1996 to $9.4  million in the third  quarter of 1997,  primarily  as a
result of a shift in client demand and the Company's increased focus on its Year
2000 business.

     Revenues  increased from $170.3 million in the first nine months of 1996 to
$226.8 million in the first nine months of 1997, an increase of $56.5 million or
33.2%.  Staffing revenues increased from $121.3 million in the first nine months
of 1996 to $151.2 million in the first nine months of 1997, an increase of $29.9
million  or 24.7%.  Total  solutions  revenues,  including  Year 2000  revenues,
increased  from $49.0  million in the first nine months of 1996 to $75.6 million
in the first nine months of 1997,  an increase of $26.6  million or 54.2%.  Year
2000 services  revenues  increased from $5.3 million in the first nine months of
1996 to $47.5  million in the first nine  months of 1997,  an  increase of $42.1
million.  The Company's Year 2000 business  accounted for 3.1% of total revenues
in the first nine  months of 1996  versus  20.9% of total  revenues in the first
nine months of 1997. Solutions revenues, excluding Year 2000 services, decreased
from  $43.7  million in the first  nine  months of 1996 to $28.2  million in the
first nine months of 1997, a decrease of $15.5  million or 35.6%.  The Company's
solutions revenues  were  impacted  by the  unexpected  termination  of  certain
contracts in the second quarter of 1996, as well as a shift in client demand and
the Company's increased focus on its Year 2000 business.

     Direct Costs.  Direct costs increased from $39.8 million and $119.1 million
in the third  quarter  and first  nine  months of 1996,  respectively,  to $54.4
million  and  $153.5  million  in the  comparable  1997  periods.  Gross  margin
increased  from 30.6% and 30.1% in the third  quarter  and first nine  months of
1996,  respectively,  to 33.1% and 32.3% in the  comparable  1997  periods.  The
increase in gross margin was  primarily  due to stable  margins in the Company's
staffing  business  and an increase  in the  Company's  higher  margin Year 2000
business.  The Company's  margins are subject to fluctuations due to a number of
factors,  including  the level of salary  and other  compensation  necessary  to
attract and retain qualified technical personnel, and the mix of staffing versus
solutions business during a particular quarter.
<PAGE>
     Selling,  General and Administrative.  Selling,  general and administrative
expenses  increased in absolute  dollars from $13.2 million in the third quarter
of 1996 to $16.5  million in the third  quarter  of 1997,  an  increase  of $3.3
million  or  25.0%.   As  a  percentage  of  revenues,   selling,   general  and
administrative expenses decreased from 23.0% of revenues in the third quarter of
1996 to 20.2% of  revenues  in the third  quarter  of 1997.  For the first  nine
months of 1996,  selling,  general  and  administrative  expenses  increased  in
absolute dollars from $37.8 million to $47.5 million in the first nine months of
1997,  an  increase  of $9.7  million or 25.8%.  As a  percentage  of  revenues,
selling, general and administrative expenses decreased from 22.2% of revenues in
the first nine  months of 1996 to 21.0% of  revenues in the first nine months of
1997. The increases in selling,  general and administrative expenses in absolute
dollars was primarily a result of salaries and commissions for additional  sales
and  recruiting  personnel  and,  to a lesser  extent,  growth in the  Company's
general and administrative infrastructure.

     Income from Operations.  Operating  margins increased from 7.6% and 7.9% in
the  third  quarter  and first nine months of 1996,  respectively,  to 12.9% and
11.4% in the  comparable  1997 periods.  These  increases  were primarily due to
increases in the Company's higher margin Year 2000 business.

     Other  Income.  Other income  decreased  from  $184,000 and $503,000 in the
third  quarter  and first  nine  months  of 1996,  respectively,  to $2,000  and
$250,000 in the  comparable  1997 periods,  a decrease of $182,000 and $253,000,
respectively. These decreases were primarily the result of decreases in earnings
from the Joint Venture,  which were offset in part by a decrease in net interest
expense.  The Joint Venture's  decreased  earnings in 1997 were primarily due to
costs associated with increased headcount, particularly in marketing and project
management personnel as it expanded its solutions business.  The Company expects
that  the  Joint  Venture  will  continue  to make  significant  investments  in
personnel  which will result in  continued  lower  earning  levels for the Joint
Venture in the fourth quarter of 1997.

     Provision for Income Taxes. The effective tax rates for federal,  state and
local  income  taxes for the  third  quarter  and first nine months of 1996 were
41.8% and 42.1%,  respectively.  For the comparable 1997 periods, the rates were
43.0% and 42.7%, respectively.

     Net Income. Net income increased from $2.6 million for the third quarter of
1996 to $6.0 million for the third  quarter of 1997, an increase of $3.3 million
or 127.0%.  Net income per share was $0.10 versus $0.23 for the third quarter of
1996 and 1997,  respectively.  Net income  increased  from $8.1  million for the
first nine months of 1996 to $14.9  million in the  comparable  1997 period,  an
increase of $6.8 million or 84.6%.  Net income per share increased from $0.32 in
the first  nine  months of 1996 to $0.58 in the first  nine  months of 1997,  on
higher weighted average shares  outstanding  (25.4 million versus 25.9 million).
All net  income  per share and share  amounts  have been  adjusted  to reflect a
three-for-two  split in the form of a 50% common stock  dividend  distributed on
June 9, 1997.

     Liquidity and Capital  Resources.  At September  27, 1997,  the Company had
$91.0  million  in cash and cash  equivalents  (including  $83.7  million of net
proceeds of its public  offering of common stock completed on September 23, 1997
-- see NOTES TO CONSOLIDATED  FINANCIAL  STATEMENTS),  $151.4 million in working
capital and no outstanding borrowings under its bank lines of credit.
<PAGE>
     Net cash provided by operating  activities  was $424,000 for the first nine
months  of  1996,  consisting  primarily  of net  income,  offset  in part by an
increase in accounts receivable.  During the first nine months of 1997, net cash
used in  operating  activities  was $1.9  million,  primarily  as a result of an
increase  in  accounts  receivable,  largely  due to  growth  in  the  Company's
solutions business.

     Net cash used in investing  activities in the first nine months of 1996 and
1997 were $2.5 million and $2.4 million,  respectively,  consisting primarily of
purchases of equipment and furniture.

     Net cash used in  financing  activities  was  $764,000  for the first  nine
months of 1996,  with  repayment  of  long-term  debt  exceeding  the  amount of
proceeds  received  from stock  option  exercises.  For the first nine months of
1997, net cash provided by financing activities (excluding the proceeds from the
public  offering),  was $679,000,  due to the fact that  proceeds  received from
stock option  exercises  exceeded the amount of long-term debt  repayment.  When
including the proceeds from the public offering,  net cash provided by financing
activities amounted to $84.4 million.

     At  September  27,  1997,  the Company had a current  ratio of 8.8 to 1, no
long-term debt and no outstanding  borrowings  under its two unsecured  lines of
credit.

     Certain Disclosures.  This report contains forward-looking  statements that
involve risks and  uncertainties.  The statements  contained in this report that
are not purely historical are forward-looking  statements within the meaning of
Section 27A of the  Securities  Act of 1933, as amended,  and Section 21E of the
Securities  Exchange  Act of 1934,  as  amended,  including  without  limitation
statements  regarding  the  Company's  expectations,   beliefs,   intentions  or
strategies regarding the future. All forward-looking statements included in this
document are based on  information  available to the Company on the date hereof,
and the  Company  assumes  no  obligation  to  update  any such  forward-looking
statements.  The Company's  actual  results could differ  materially  from those
anticipated in these forward-looking  statements as a result of certain factors,
including,  among others,  a decrease in Year 2000 conversion  projects,  to the
extent  those  projects  are not offset by an  increase in the  Company's  other
businesses,  the loss of any large  client or  contract,  and  general  economic
conditions.
<PAGE>
                            PART II Other Information



Item 6.

     b) No reports on Form 8-K have been filed during the quarter for which this
        report is filed.


                                   Signatures

Pursuant to the  requirements  of the  Securities  and Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.


                                           COMPUTER HORIZONS CORP.
                                                (Registrant)



DATE: October 23, 1997               /s/    John J. Cassese
                                     -----------------------
                                     John J. Cassese, Chairman of the Board
                                     and President


DATE: October 23, 1997               /s/    William J. Murphy
                                     -------------------------
                                     William J. Murphy, Executive Vice President
                                     and Chief Financial Officer
                                     (Principal Financial Officer)


DATE: October 23, 1997               /s/    Michael J. Shea
                                     ----------------------
                                     Michael J. Shea
                                     Vice President and Controller
                                     (Principal Accounting Officer)