<PAGE>     1

                    U.S. SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C.   20549

                                  FORM 10-QSB

(X)     QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE 
        SECURITIES EXCHANGE ACT OF 1934

   For the quarterly period ended          September 30, 1996                
                                   -----------------------------------
                                       or

( )    TRANSITION REPORT UNDER SECTION 13 or 15(d) OF THE EXCHANGE ACT

   For the transition period from ____________  to  __________________         

Commission file number                     0-17893               
                      ------------------------------------------------

                             TELTRONICS, INC.                         
--------------------------------------------------------------------------
       (Exact name of small business issuer as specified in its charter)

   Delaware                                                    59-2937938      
-------------------------------              -----------------------------
(State or other jurisdiction of                    (I.R.S. Employer             
 incorporation or organization)                   Identification No.)           

            2150 Whitfield Industrial Way, Sarasota, FL   34243-4046       
--------------------------------------------------------------------------
                    (Address or principal executive offices)

Issuer's telephone number           (941)  753-5000                   
                         -------------------------------------------------

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

     Check whether the issuer: (1) filed all reports required to be filed by
Section 13 or 15(d) of the Exchange Act during the past 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        
    --------     --------

                      APPLICABLE ONLY TO CORPORATE ISSUERS

      State the number of shares outstanding of each of the issuer's classes
of common equity, as of the latest practicable date:   3,366,013  shares of
voting common stock.



<PAGE>     2

PART I - FINANCIAL INFORMATION

                                        
                                TELTRONICS, INC.
<TABLE>

                                 BALANCE SHEET

                                     ASSETS

<CAPTION>
                                    September 30,    December 31,
                                        1996            1995      
                                    ------------     ------------
                                     (unaudited)

<S>                                  <C>             <C>
CURRENT ASSETS:
  Cash and cash equivalents          $   330,009     $   264,379
  Accounts receivable, net of 
    allowance for doubtful 
    accounts of $144,879 at 
    September 30, 1996 and 
    $65,239 at December 31, 1995        5,549,133      3,207,556
  Inventories                          6,951,214       3,239,658
  Prepaid expenses and other 
    current assets                        344,103        167,948
                                      -----------    -----------
      Total current assets             13,174,459      6,879,541
                                      -----------    -----------
PROPERTY AND EQUIPMENT, NET             2,840,923      1,636,067
                                      -----------    -----------
OTHER ASSETS:
  Prepaid lease guarantee, net            249,687        270,684
  Software development costs, net               0         66,822
  Other                                   270,073         60,837
                                      -----------    -----------
      Total other assets                  519,760        398,343
                                      -----------    -----------
TOTAL ASSETS                          $16,535,142    $ 8,913,951
                                      ===========    ===========
</TABLE>
                             See accompanying notes


<PAGE>     3
<TABLE>
                                 BALANCE SHEET
                                  (Continued)

                      LIABILITIES AND SHAREHOLDERS' EQUITY
<CAPTION>
                                  September 30,      December 31,
                                      1996              1995      
                                   (unaudited)

<S>                               <C>                <C>
CURRENT LIABILITIES:
  Current portion of long 
    term debt                     $ 4,428,051        $ 2,565,070
  Current portion of long 
    term lease obligations            382,127            152,646
  Accounts payable                  4,613,986          2,388,231
  Accrued liabilities                 772,910            730,122
  Deferred income                     123,378             87,169
  Other current liabilities           649,552             68,870
                                  -----------        -----------
     Total current liabilities     10,970,004          5,992,108
                                  -----------        -----------
LONG-TERM LIABILITIES:
  Capital lease obligations, 
   less current portion               280,652            218,865
  Long-term debt, 
   less current portion               987,091            364,808
                                  -----------        -----------
     Total long-term liabilities    1,267,743            583,673
                                  -----------        -----------

SHAREHOLDERS' EQUITY:
  Preferred Stock, Series A, 
    $.001 par value, 5,000,000 
    shares authorized, 3,500 
    issued and outstanding                 4                  0
  Common Stock, $.001 par 
    value, 45,000,000 shares 
    authorided, 3,366,013 
    voting shares issued and 
    outstanding                        3,367              2,611
  Additional paid-in capital      13,161,243         10,861,593
  Accumulated deficit             (8,867,219)        (8,526,034)
                                 -----------        -----------
     Total shareholders' equity    4,297,395          2,338,170
                                 -----------        -----------
TOTAL LIABILITIES AND 
  SHAREHOLDERS' EQUITY           $16,535,142        $ 8,913,951
                                 ===========        ===========
</TABLE>
                             See accompanying notes


<PAGE>     4

<TABLE>
               CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)

<CAPTION>
                              3 MONTHS ENDED           9 MONTHS ENDED       
                               SEPTEMBER 30,            SEPTEMBER 30,
                              1996        1995         1996       1995   
                          ===========  ===========  ===========  ===========
<S>                       <C>          <C>          <C>          <C>

SALES                     $ 7,063,549  $ 5,461,479  $20,372,810  $16,811,973
COST OF GOODS SOLD          4,729,187    3,190,689   13,686,934   10,687,728
                          -----------  -----------  -----------  -----------
GROSS PROFIT                2,334,362    2,270,790    6,685,876    6,124,245
                          -----------  -----------  -----------  -----------
OPERATING EXPENSES
  General and 
  administrative              667,335      480,423    1,681,862    1,249,591
  Research and 
    development                 4,823      352,022    1,014,145    1,150,583
  Selling and marketing 
    expenses                1,381,532    1,035,438    3,945,159    2,853,764
                          -----------  -----------  -----------  -----------
                            2,393,690    1,867,883    6,641,166    5,253,938
                          -----------  -----------  -----------  -----------
OPERATING INCOME (LOSS)       (59,328)     402,907       44,710      870,307

OTHER INCOME (EXPENSES)
  Interest                   (138,011)    (102,633)    (397,874)    (280,921)
  Miscellaneous                (8,931)       1,161       11,979       (1,453)
  Financing expense                 0            0            0      (65,500)
                          -----------  -----------  -----------  -----------
                             (146,942)    (101,472)    (385,895)    (347,874)
                          -----------  -----------  -----------  -----------
INCOME (LOSS) BEFORE
  INCOME TAXES               (206,270)     301,435     (341,185)     522,433

PROVISION (BENEFIT) FOR
  INCOME TAXES                      0            0            0            0

NET INCOME (LOSS)           $(206,270)   $ 301,435   $ (341,185)  $  522,433
                          ===========  ===========  ===========  ===========
NET INCOME (LOSS) 
  PER SHARE                 $   (0.06)   $    0.12     $  (0.10)   $    0.29
                          ===========  ===========  ===========  ===========
AVERAGE NUMBER OF COMMON 
  SHARES OUTSTANDING        3,366,013    2,550,168    3,366,013    1,811,611
                          ===========  ===========  ===========  ===========
</TABLE>
                             See accompanying notes

<PAGE>     5
<TABLE>                                                    
                              STATEMENT OF SHAREHOLDERS' EQUITY (UNAUDITED)
<CAPTION>
                                                           SERIES A          
                                                          PREFERRED
                              COMMON STOCK                  STOCK
                          =====================         ============== 
                           Shares       Amount          Shares  Amount     
                          =========     =======         ======  ======  
<S>                       <C>           <C>             <C>      <C>   

BALANCE AT, 
   December 31, 1995      2,610,168     $ 2,611             0      0    

Shares issued pursuant
   to exercise of 
   Purchase Warrants          1,845           2             0      0 

Shares issued pursuant
   to exercise of 1995
   Incentive Stock 
   Option Plan                4,000           4             0      0   

Shares issued for 
   purchase of assets of 
   Shared Resource 
   Exchange, Inc.           750,000         750             0      0 

Shares issued pursuant
   to Subscription 
   Agreement                      0           0         3,500      4 

Net Profit                        0           0             0      0  
                          ---------       -----         -----    ---  
BALANCE AT,
   September 30, 1996     3,366,013    $  3,367         3,500    $ 4 
                          =========    ========         =====    === 

<CAPTION>
                                         Retained
                          Additional     Earnings
                           Paid-In     (Accumulated
                           Capital       Deficit)        Total
                          ==========   ============    =========
<S>                       <C>          <C>             <C>

BALANCE AT
   December 31, 1995      $10,861,593  $(8,526,034)    $2,338,170

Shares issued pursuant
   to exercise of
   Purchase Warrants            5,533            0          5,535

Shares issued pursuant
   to exercise of 1995
   Incentive Stock
   Option Plan                  6,496            0          6,500

Shares issued for
   purchase of assets of
   Shared Resource
   Exchange, Inc.           2,286,750            0      2,287,500

Shares issued pursuant
   to Subscription
   Agreement                      871            0            875

Net Profit                          0     (341,185)      (341,185)
                            ---------    ---------      ---------
BALANCE AT,
   September 30, 1996     $13,161,243  $(8,867,219)    $4,297,395
                          ===========  ===========     ==========

</TABLE>
                                     See accompanying notes



<PAGE>     6
<TABLE>
                      STATEMENTS OF CASH FLOWS (Unaudited)

                                                     9 MONTHS ENDED             
                                                      September 30,           
                                               ---------------------------
                                                 1996              1995      
                                               ============    ===========
<S>                                            <C>             <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
  Net income                                   $  (341,185)    $   522,433

  Adjustments to reconcile net 
      income to net cash:
    Depreciation and amortization                  471,040         412,592
    Cost of conversion rights                            0          65,500
    Changes in assets and liabilities:
      Accounts receivable 
        and other assets                        (2,127,128)     (1,003,734)
      Income tax receivable                              0         638,080
      Inventories                                 (784,174)        (72,468)
      Accounts payable and 
        accrued liabilities                      1,905,490         149,047
      Deferred income                               36,209          60,577
      Other current liabilities                   (188,190)         16,236
                                               -----------     -----------
        Net cash flows from 
          operating activities                  (1,027,938)        788,263
                                               -----------     -----------

CASH FLOWS FROM INVESTING ACTIVITIES:
  Purchase of property and equipment              (792,401)       (765,630)
  Capitalized software 
    development costs                             (209,914)              0
                                               -----------     -----------
      Net cash flows from 
        investing activities                    (1,002,315)       (765,630)
                                               -----------     -----------

CASH FLOWS FROM FINANCING ACTIVITIES:
  Proceeds from line of credit                  15,956,204      16,460,667
  Repayment on line of credit                  (14,089,977)    (15,704,829)
  Repayment of notes payable and
    other long-term debt                          (254,957)       (671,386)
  Advance from related party                             0          14,000
  Cash received from issuance of stock              12,035               0
  Proceeds from notes/leases payable               267,882         441,823
                                               -----------     -----------
      Net cash flows from 
        financing activities                     1,891,187         540,275
                                               -----------     -----------
Net increase (decrease) in cash                   (139,066)        562,908
Cash received in acquisition of 
   Shared Resource Exchange, Inc.                  204,696               0
Cash and cash equivalents, 
   beginning of year                               264,379          19,824
                                               -----------     -----------
Cash and cash equivalents, end of period       $   330,009     $   582,732
                                               ===========     ===========
</TABLE>
                             See accompanying notes


<PAGE>     7

                  NOTES TO THE CONDENSED FINANCIAL STATEMENTS

NOTE A - GENERAL

The financial statements as of September 30, 1996 and for the nine month
period then ended are unaudited and, in the opinion of the Company, reflect
all adjustments necessary for a fair presentation of such data and have been
prepared on a basis consistent with the December 31, 1995 Audited Financial
Statements.  All such  adjustments were of a normal recurring nature.  The
unaudited results of operations for the interim periods reported are not
necessarily indicative of results to be expected for the year.

The year-end condensed balance sheet data included in the condensed financial
statements was derived from audited financial statements, but does not
include all disclosures required by generally accepted accounting principles. 
The statements therefore should be read in conjunction with the financial
statements and related notes included in the Company's Form 10-KSB for the
year ended December 31, 1995.

NOTE B - ACQUISITION

On September 20, 1996, the Company acquired substantially all of the assets
of Shared Resource Exchange, Inc., a Delaware corporation ("Seller") located
in Dallas, Texas.

The Company delivered an aggregate of 650,000 restricted shares of its voting
common stock for substantially all of the assets of the Seller ("Purchased
Assets") and an aggregate of 100,000 restricted shares of its voting common
stock to discharge an aggregate face amount of $600,000 of debt owed by
Seller to certain of its lenders ("Noteholders").  In addition, the Company
agreed to assume: (i) approximately $374,000 of Seller's accounts payable;
(ii) open purchase orders of approximately $207,000; (iii) funding of
severance obligations of Seller to its employees of approximately $205,000;
(iv) fees owed by Seller to professionals in the aggregate of approximately
$204,000; and (v) certain other obligations.

The shares of voting common stock issued to the Seller and the Noteholders
("Shares") are not registered under the Securities Act of 1933 ("Act") and
are therefore subject to the resale restrictions set forth in Rule 144
promulgated under the Act.  The holders of the Shares have been granted
certain registration rights under a Registration Rights Agreement which
allows them to elect to have their Shares registered under the Act if the
Company proposes to register any of its securities under the Act in an
offering for cash.

Seller and the Company entered into an Escrow Agreement under which 120,000
of the Shares issued to the Seller have been placed in escrow to cover
certain reimbursement and/or indemnification rights of the Company.

The Purchased Assets included purchase orders in an aggregate amount of
approximately $6,000,000 placed by various vendors including purchase orders
placed by Motorola, Inc. ("Motorola Orders") with Seller covering both E-911
products and WiLL products in an aggregate amount of approximately
$4,500,000.  The Company has assumed and agreed to perform Seller's
obligations under the Motorola Orders.

<PAGE>     8

As part of the acquisition of the assets of the Seller, the Company also
acquired certain inventory for use in completion of the Motorola Orders from
one of Seller's contract manufacturers at a price of approximately $1,443,000
paid in cash and the Company's promissory note in the principal amount of
approximately $500,000 payable over six (6) months without interest, covering
the balance of the purchase price to the manufacturer of the inventory.

NOTE C - SUBSEQUENT EVENTS

On October 18, 1996 the Company increased the Term Loan portion of its
indebtedness to The CIT Group/CREDIT FINANCE, INC. from approximately
$116,000 to $616,000 and delivered its secured promissory note in the
principal amount of $616,000.

In October, 1996 the Company granted options to certain parties to acquire up
to an aggregate of 375,000 restricted shares of the Company's voting common
stock at a price of $3.21 per share.  The options, if not exercised, are
scheduled to expire on December 31, 1996.



<PAGE>     9

               MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
                      CONDITION AND RESULTS OF OPERATIONS

GENERAL OVERVIEW

The first nine months of 1996 reflected sales of $20,373,000 compared to
$16,812,000 for the first nine months of 1995.  The increased sales were the
result of additional sales of $5,850,000 provided by AT Supply, Inc. ("AT
Supply"), an 80% owned subsidiary located in San Antonio, Texas and formed in
October 1995.  Gross profit increased to $6,686,000 from $6,124,000 for the
same period last year, primarily as a result of the increased sales.  Total
operating expenses increased to $6,641,000 from $5,254,000 for the first nine
months of the prior year.  The increased operating expenses were primarily
the result of $769,000 attributable to AT Supply coupled with $434,000 in R&D
and general expenses recorded by the Company's wholly owned subsidiary,
Interactive Solutions, Inc. ("IS").  The first nine months of 1996 reflected
a net loss of $(341,000) compared to a net profit of $522,000 for the first
nine months of 1995.  The loss for the first nine months is the direct result
of the added R&D expenditures incurred by IS as continued technological
advancements are made on the Company's small, voice driven, interactive,
multimedia computer.

RESULTS OF OPERATIONS 

THREE MONTHS ENDED SEPTEMBER 30, 1996 AND 1995

For the three months ended September 30, 1996 sales increased to $7,063,549
from $5,461,479.  The sales increase was the result of approximately
$2,335,000 in sales contributed by AT Supply.  Gross profit increased to
$2,334,362 compared to $2,270,790 as a direct result of increased sales.  The
gross profit percentage of sales declined from 41.6% to 33.05% as a result of
AT Supply, whose margins are typically in the 16%-18% range as well as some
changes in other product mixes.

Total operating expenses for the three months ended September 30, 1996 were
$2,393,690 compared to $1,867,883 for the comparable period of 1995.  The
increase in operating expenses is primarily the result of approximately
$291,000 in expenses attributable to AT Supply and $177,000 in expenses
associated with IS.  As a direct result of the increased  expenditures, an
operating loss of $(59,328) was reflected for the three month period ended
September 30, 1996 compared to an operating profit of $402,907 for the
corresponding three month period of 1995.

Other income and expenses for the three month period ended September 30, 1996
reflected expenses of $146,942 compared to expenses of $101,472 for the three
month period ended September 30, 1995.

The three month period ended September 30, 1996 reflected a net loss of
$(206,270) compared to a profit of $301,435 for the same period of 1995
primarily as a direct result of the Company's decision to pursue the
opportunities associated with research and development efforts of IS.



<PAGE>     10

NINE MONTHS ENDED SEPTEMBER 30, 1996 AND 1995

Total sales for the nine months ended September 30, 1996 increased by 21.2%
to $20,372,810 compared to $16,811,973 for the first nine months of 1995. 
The sales increase was the result of approximately $5,850,000 in sales
recorded by AT Supply.

Gross profit for the first nine months increased to $6,685,876 from
$6,124,245 for the same period of 1995. Gross profit reflected at 32.8% of
sales for the first nine months of 1996 as compared to 36.4% for the same
period of 1995.  The decline in gross profit percentage is related to the
increased sales of AT Supply whose margins are typically in the 16%-18% range
coupled with some changes in other product mixes.

Total operating expenses for the first nine months were $6,641,166, an
increase of $1,387,228 from the same period of last year.  The increase in
operating expenses is directly attributable to At Supply which recorded
$769,265 in operating expenses and IS which recorded $433,935 in expenses
during the first nine months of 1996.

Operating income for the first nine months of 1996 was $44,710 compared to
$870,307 for the first nine months of 1995.  The reduced operating income
level for this period is tied to the R&D expenditures of approximately
$434,000 recorded by IS during the first nine months coupled with the decline
in gross margin percentage, due primarily to AT Supply.

Other income and expenses reflected expenses of $385,895 for the first nine
months of 1996 compared to $347,874 for the corresponding period of 1995. 
Interest expense increased by $116,953 to $397,874 for the first nine months
of 1996.

The nine month period ended September 30, 1996 reflected a net loss of
$(341,185) compared to a profit of $522,433 for the first nine months of
1995.  The net loss position at the end of nine months is directly related to
the decision to invest approximately $434,000 in expenditures during the year
to pursue the opportunities related to the technology of IS.

FINANCIAL CONDITION

Total assets at September 30, 1996 were $16,535,142 compared to $8,913,951 at
December 31, 1995.  The Company's current ratio at September 30, 1996 was
1.20:1 compared to 1.14:1 at December 31, 1995.

LIQUIDITY AND CAPITAL RESOURCES

Cash requirements were met with cash provided by borrowings from The CIT
Group/Credit Finance ("CIT").  The CIT facility was modified May 14, 1996 to
provide borrowings up to $4,950,000.  Previously the line had provided for
borrowing up to $3,500,000.  On October 18, 1996 the Company signed a new
term loan with CIT in the amount of $616,300, secured by fixed assets at an
interest rate of 3% above the prime rate to be repaid monthly until fully
paid on October 28, 1999.  The remaining line facility is a revolving loan
secured by inventory and receivables at an interest rate of prime plus 3%. 
Effective November 1, 1996, the interest rate was reduced to an interest rate
of 2.5% above the prime rate.




<PAGE>     11

The Company's working capital ratio at September 30, 1996 was 1.20:1.  Net
working capital was $2,204,455 at September 30, 1996.  Short term
requirements are expected to be met through cash flows from operations
augmented by the credit line facility.

In addition, the Company is exploring the possibility of other equity or debt
financing.

OUTLOOK

The Company anticipates continued positive results from its subsidiary AT
Supply which contributed $5,850,000 in additional sales and $190,000 in
operating income during the first nine months of 1996.

The Company continues to invest in the product development of Mentis by IS. 
The Company has successfully produced a number of prototypes, one of which is
undergoing evaluation by a major international company.  The Company believes
that Mentis has a niche market in the marketplace of procedural assists,
hands free training.  If the Company is successful with its current
prototypes, it believes it should have production versions ready during the
first quarter of 1997.

On September 19, 1996, the Company successfully closed on the purchase of
substantially all of the assets of Shared Resource Exchange, Inc. ("SRX"), a
digital switching company based in Dallas, Texas.  The Company currently has
orders in backlog of over $6,000,000 to be delivered over the next six
months.  Due to the specialized nature of SRX's business, the Company has
decided to set up a development and support center in Dallas.  The Company
has successfully recruited a number of the former SRX employees, which will
allow it to develop products more quickly.  The main sales, marketing and
manufacturing have all been moved to Sarasota, Florida.  

The Company's traditional business of Remote Monitoring and Contract
Manufacturing continue to grow.  Our Long Distance Management products, as
anticipated, have slowed and our Communications Management business is
currently flat.  

The Company believes that its investment in AT Supply, Interactive Solutions
and now SRX, together with its profitable mainstream business, should enable
the Company to return to profit during 1997.


<PAGE>     12

PART II - OTHER INFORMATION


ITEM 1.    LEGAL PROCEEDINGS - None other than as reported in the Quarterly
           Report on Form 10-QSB for the six month period ended June 30, 1996.


ITEM 2.    CHANGES IN SECURITIES

           No change in any class of registered securities except that the
           number of shares of the Company's voting common stock, $.001 par
           value, authorized to be issued was decreased from 50,000,000 to
           40,000,000 shares under the Company's Restated Certificate of
           Incorporation filed in August, 1996.  In September, 1996, the
           Company issued 3,500 shares of its Series A Preferred Stock each 
           of which share has no liquidation preference but entitles the holder
           to 400 votes which will have a dilutive effect on the voting power
           associated with the voting common stock of the Company.


ITEM 3.    DEFAULTS UPON SENIOR SECURITIES - None


ITEM 4.    SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS 

           At the annual meeting of shareholders on August 6, 1996, the
           shareholders of the Company:

           (1)    Elected Norman R. Dobiesz, Ewen R. Cameron and Carl S.
                  Levine directors to serve until the next annual meeting of
                  the shareholders (2,145,772 votes in favor, 2,432 votes
                  withheld/abstentions, 41,683 non-votes);

           (2)    Ratified the appointment of Millward & Co. as the Company's
                  independent auditors for the 1996 fiscal year (2,146,730
                  votes in favor, 1,076 votes opposed, 292 abstentions); and

           (3)    Approved an amendment to and restatement of the Company's
                  Restated Certificate of Incorporation (1,698,652 votes in
                  favor, 15,652 votes opposed and 3,188 abstentions).

            The subject matter set forth in the AUTHORIZATION OF AMENDMENT AND
            RESTATEMENT OF THE RESTATED CERTIFICATE OF INCORPORATION (pages 9 -
            13) section of the Company's 1996 Proxy Statement filed pursuant to
            Regulation 14A, on June 24, 1996, is hereby incorporated herein by
            reference.


ITEM 5.     OTHER INFORMATION - None



<PAGE>     13

ITEM 6A.   EXHIBITS

           10.6  Stock Option Agreement dated as of October 15, 1996
                 among Teltronics, Inc. and certain parties...............(a)
         
           10.7  Term Note dated September 20, 1996 in the principal
                 amount of $490,423 delivered to Solectron Texas, L.P.....(a)

           10.8  Secured Promissory Note dated October 18, 1996 in the
                 principal amount of $616,300 delivered to The CIT Group/
                 Credit Finance, Inc......................................(a)

           10.9  Agreement of Sale dated September 19, 1996 by and 
                 among Shared Resource Exchange, inc., SRX of
                 Florida, Inc. and Teltronics, Inc........................(b)
         
           10.10 Escrow Agreement made and entered into September 19,
                 1996 by and among Shared Resource Exchange, Inc.
                 SRX of Florida, Inc., Teltronics, Inc. and Sevin Rosen
                 Bayless Management Company...............................(b)

           10.11 Registration Rights Agreement among Shared Resource
                 Exchange, Inc., Teltronics, Inc. and certain parties
                 dated as of September 19, 1996...........................(b)

           10.12 Restated Certificate of Incorporation of Teltronics, 
                 Inc. filed with the Delaware Secretary of State on 
                 August 12, 1996..........................................(b)

           10.13 Certificate of Designations of Preference of Series A
                 Preferred Stock of Teltronics, Inc. filed with the 
                 Delaware Secretary of State on August 19, 1996...........(b)
 
           27    Financial Data Schedule..................................(a)

         
ITEM 6B. REPORT ON FORM 8-K 

           Report filed on October 4, 1996 to report the acquisition of
           substantially all of the assets of Shared Resource Exchange, Inc.
           by SRX of Florida, Inc.  Financial Statements will be filed.
_________________

(a)        Filed as an Exhibit to this Quarterly Report on Form 10-QSB for 
           the nine month period ended September 30, 1996.

(b)         Filed as an Exhibit to form 8-K filed October 4, 1996.


<PAGE>     14

In accordance with the requirements of the Exchange Act, the Registrant 
caused this report to be signed on its behalf by the undersigned, 
thereunto duly authorized.


                               TELTRONICS, INC.

November 19, 1996              Ewen Cameron                      
                               President and Chief Executive Officer