SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                   FORM 10-Q/A


                 [X]   Quarterly Report Pursuant to Section 13 or
                  15(d) of the Securities Exchange Act of 1934.
                                        
                  For the quarterly period ended March 31, 1998
                                        
                                        
                                       or
                                        
                                        
            [ ]    Transition Report Pursuant to Section  13 or 15(d)
                     of the Securities Exchange Act of 1934.
                                        
                    For the transition period _____ to ______
                                        
                                        
                         Commission File Number 1-12577


                                        
                                SITEL CORPORATION
             (Exact name of registrant as specified in its charter)

                 MINNESOTA                            47-0684333
         (State or jurisdiction of                 (I.R.S. Employer
        incorporation or organization)           Identification No.)


                          111 SOUTH CALVERT, STE. 1910
                              BALTIMORE,  MD  21202
                                 (410) 659-5700
                                        
 (Address, including zip code, and telephone number, including area code, of
registrant's principal executive offices)
                                        
     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
                                                _____    _____

     As of May 4, 1998, the Company had 63,777,115 shares of Common Stock
outstanding.

<PAGE>
                                        
                       SITEL CORPORATION AND SUBSIDIARIES
                       __________________________________
                                        
                                     PART I
                                     _______
                                        
The registrant hereby amends Part I, Item 1 of its Form 10-Q for the period
ended March 31, 1998 to provide additional disclosure regarding Supplemental
Guarantor Financial Information in Note #8 to its financial statements.  The
Consolidated Condensed Balance Sheets, Statements of Income, and Statements of
Cash Flows included in the 10-Q are not changed by this amendment.
                                        
                                        
                                        
Item 1.  Financial Statements


     Consolidated Condensed Balance Sheets.......................   1
     
     Consolidated Condensed Statements of Income.................   2
     
     Consolidated Condensed Statements of Cash Flows.............   3
     
     Notes to Consolidated Condensed Financial Statements........   4
     


PART II - OTHER INFORMATION


  Signature......................................................  13



<PAGE>










                           SITEL CORPORATION AND SUBSIDIARIES
                         CONSOLIDATED CONDENSED  BALANCE SHEETS
                          December 31, 1997 and March 31, 1998
                        (dollars in thousands, except share data)
                                                                         
                                                       December 31,  March 31,
                       ASSETS
                                                           1997        1998
                                                       ____________ ___________
Current assets:                                                     (unaudited)
   Cash and cash equivalents.......................  $      24,285  $    12,318
   Trade accounts receivable (net of allowance for                              
   doubtful accounts of $ 5,099 and$4,904, 
   respectively)...................................         107,697     120,430
   Marketable securities...........................             159          --
   Prepaid expenses................................           3,916       5,469
   Other assets....................................           9,548      20,438
   Deferred income taxes...........................           3,153       2,787
                                                       ____________  __________
         Total current assets......................         148,758     161,442
   Property and equipment, net ....................         120,600     113,444
   Deferred income taxes ..........................          11,114      12,689
   Goodwill, net...................................          94,381      92,792
   Other assets....................................          11,027      12,799
                                                       ____________  __________
         Total assets..............................  $     385,880  $   393,166
                                                       ============  ==========
                                                           
                        LIABILITIES AND STOCKHOLDERS' EQUITY      
Current liabilities:                                                 
   Note payable-bank...............................  $       14,376 $     23,748
   Current portion of long-term debt...............          10,793        7,014
   Current portion of  capitalized lease                      4,934        4,215
   obligations ....................................
   Trade accounts payable..........................          27,322       23,459
   Income taxes payable............................           8,398        6,494
   Accrued compensation............................          14,120       14,636
   Accrued operating expenses......................          22,984       20,017
   Deferred revenue and other......................           6,286        5,044
                                                        ____________  __________
         Total current liabilities.................         109,213      104,627
Long-term debt, excluding current portion..........         102,505      107,620
Capitalized lease obligations, excluding current
portion............................................          12,983       11,506
Deferred compensation .............................           1,407        1,466
                                                                                
Minority interest..................................           1,384        7,707
                                                                                
Stockholders' equity:                                                           
   Common stock, voting, $.001 par value                                        
   200,000,000 shares authorized, 63,099,597 and
   63,745,558 shares issued and outstanding,                              
   respectively....................................              63           64
   Paid-in capital.................................         155,326      157,036
   Accumulated other comprehensive income..........         (6,415)      (7,738)
   Retained earnings...............................           9,414       10,878
                                                       ____________  ___________
          Total stockholders' equity...............         158,388      160,240
                                                       ____________  ___________
                                                                                
          Total liabilities and stockholders'
          equity...................................   $     385,880 $    393,166
                                                       ============  ===========
                          
The accompanying notes are an integral part of the consolidated condensed 
financial statements.
                          
<PAGE>

                           SITEL CORPORATION AND SUBSIDIARIES
                       CONSOLIDATED CONDENSED STATEMENTS OF INCOME
                                      (unaudited)
                                       
                                       
                                                   For The Three Months Ended
                                                March 31, 1997     March 31,1998
                                                ______________     _____________
                                                                       
(in thousands, except per share data)                                  
                                                                               
Revenues................................       $        104,260 $        137,748
                                                ______________    ______________
Operating expenses:                                                             
  Cost of services......................                 56,357           77,820
  Selling, general and administrative                                           
  expenses..............................                 37,242           54,672
                                                 ______________    _____________
                                                                                
      Total operating expense...........                 93,599         132,492
                                                 ______________    _____________
                                                                                
      Operating income .................                 10,661           5,256
                                                                                
Other income (expense):                                                   
  Interest expense, net.................                  (534)          (2,590)
  Other income, net.....................                    --              135
                                                 ______________    _____________
                                                                                
  Income before income taxes                                                    
     and minority interest..............                10,127            2,801
                                                                               
  Income tax expense....................                 3,643            1,117
                                                                                
  Minority interest ....................                    30            (294)
                                                 ______________    _____________
                                                                                
  Net income from continuing operations.                 6,454            1,978
  Extraordinary loss on refinancing of                                    
  debt, net of taxes....................                    --              514
                                                 ______________    _____________
  Net income............................      $          6,454  $         1,464
                                                 ==============    =============
                                                                                
Income from continuing operations per common share:
 Basic..................................      $           0.11  $          0.03
 Diluted................................      $           0.10  $          0.03
                                                                               
Income per common share:                                                      
 Basic..................................      $           0.11  $          0.02
 Diluted................................      $           0.10  $          0.02
                                                                               
Weighted average common shares outstanding:                                 
 Basic..................................                59,875           63,295
 Diluted................................                67,509           69,611
                                                                           
The accompanying notes are an integral part of the consolidated condensed
financial statements.
<PAGE>

                          SITEL CORPORATION AND SUBSIDIARIES
                   CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS
                                     (unaudited)
<TABLE>
                                                        
                                                    For Three Months Ended
      (dollars in thousands)                     March 31, 1997    March 31, 1998
<S>                                             <C>              <C>
                                                 ______________   ______________
Net income..................................    $        6,454  $         1,464
Adjustments to reconcile net income to net cash                               
used in operating  activities:
  Depreciation and amortization.............             4,881            9,654
  Extraordinary loss on refinancing of debt.                --              792
  Gain on marketable securities.............                --             (208)
  Change in assets and liabilities:                                            
     Trade accounts receivable..............           (21,528)         (12,829)
     Other assets...........................            (1,204)          (4,711)
     Trade accounts payable.................             1,525           (3,808)
     Other liabilities......................            (3,133)          (4,552)
                                                _______________   ______________
                                                                               
      Net cash used in operating activities.           (13,005)         (14,198)
                                                _______________   ______________
                                                                       
  Cash flows from investing activities:                                        
  Purchases of property and equipment.......           (18,692)         (11,683)
  Proceeds from sale-leasebacks of                                        
  facilities................................                --            9,336
  Acquisition of businesses, net of cash                                      
  acquired..................................           (20,666)              --
  Sale of marketable securities.............                --              257
  Changes in other assets, net..............               108               55
                                                _______________   ______________
                                                                               
      Net cash used in investing activities.           (39,250)          (2,035)
                                                _______________   ______________
                                                                               
 Cash flows from financing activities:                                         
  Borrowings on note payable................            28,862           10,720
  Repayments of note payable................            (9,291)          (1,303)
  Borrowings on long-term debt .............            14,574          125,808
  Repayment of long-term debt and                        
  capitalized lease obligations.............               (27)        (130,354)
  State incentive credits received..........               900               --
  Common stock issued for option exercises..               200               76
                                                _______________   ______________
                                                                               
      Net cash provided by financing 
      activities............................            35,218            4,947
                                                _______________   ______________
                                                                 
      Effect of exchange rates on cash......              (526)            (681)
                                                _______________   ______________
                                                                               
      Net increase (decrease) in cash.......           (17,563)         (11,967)
      Cash and cash equivalents, beginning 
      of period.............................            25,710           24,285
                                                _______________   ______________
      Cash and cash equivalents, end of
      period................................  $          8,147  $        12,318
                                                ===============   ==============
                                                                 
Supplemental schedule of non-cash financing and investing activities:

In the first quarter of 1997, the Company issued approximately 1,298,000
shares of the Company's common stock in connection with acquisitions.
                   
The accompanying notes are an integral part of the consolidated condensed 
financial statements.
<PAGE>
                       SITEL CORPORATION AND SUBSIDIARIES
               NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATMENTS



1.   BASIS OF PRESENTATION:

The consolidated condensed balance sheet of  SITEL Corporation and Subsidiaries
(the "Company") at December 31, 1997 was obtained from the Company's audited
balance sheet as of that date.  All other financial statements contained herein
are unaudited and, in the opinion of management, contain all adjustments
necessary for a fair presentation of  the financial position, operating results,
and cash flows for the periods presented.  Such adjustments consist only of
normal recurring items.  The consolidated condensed financial statements should
be read in conjunction with the consolidated financial statements and notes
thereto, together with management's discussion and analysis of financial
condition and results of operations, contained in the Company's Form 10-K for
the year ended December 31, 1997.

2.   SALE OF STOCK OF SUBSIDIARIES:

During the first quarter of 1998 the Company sold newly issued stock of certain
subsidiaries located in the Asia Pacific region to Lend Lease Corporation
Limited, Sydney, Australia and certain of its subsidiaries ("Lend Lease").  Lend
Lease paid approximately $6.6 million for a 20% interest in these subsidiaries,
which provide outsourced call center solutions throughout the region.

Lend Lease has several options to increase its ownership percentage in amounts
up to a total of 49% which, subject to meeting certain conditions, expire at
various times through on or about March 2004.  The option exercise prices are
intended to approximate fair value through formulas tied to the subsidiary's
revenue levels for certain prior periods.  The Company also has an option to
reacquire the original shares sold to Lend Lease at an agreed formula price from
on or about March 2000 through on or about March 2001 so long as Lend Lease has
not exercised its option to increase its ownership percentage.  Lend Lease also
has an option to sell its shares back to the Company at an agreed formula price
(the "put option").  The put option expires upon the earlier of Lend Lease
exercising its option to increase its ownership percentage or on or about March
2001.

Operations of these subsidiaries are controlled by a management committee on
which Lend Lease and the Company have equal representation.  The Company,
however, effectively controls the operations of these subsidiaries through
certain dispute resolution processes that are included in the shareholder
agreements.  Should the Company exercise its control through these dispute
resolution processes, Lend Lease has the option to sell its shares back to the
Company at an agreed formula price which is intended to approximate fair value.

Although the purchase price paid by Lend Lease exceeds the book value of the 20%
ownership that they acquired, due to the put option the Company has included the
entire amount of the stock purchase price as minority interest. The Company will
accrete to the put option formula price if earnings credited to the minority
interest are not sufficient to record the amount that would be required to be
paid to Lend Lease upon their exercise of the put option.

3.  INCOME TAXES:

The difference between the Company's income tax expense as reported in the
accompanying financial statements and that which would be calculated using the
statutory Federal income tax rate of 34% on income is primarily due to non-
deductible business acquisition expenses and international, state and local
income taxes.
<PAGE>
                       SITEL CORPORATION AND SUBSIDIARIES
               NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATMENTS



4.  LONG TERM DEBT AND NOTES PAYABLE:

On March 10, 1998, the Company completed the private placement of $100 million
of 9.25% Senior Subordinated Notes due 2006 (the "Notes").  The proceeds from
the offering were used to repay borrowings outstanding under the Company's long
term revolving credit facility (the "Credit Facility"), which was also amended
on that date.
     
The Notes, which include interest payable semiannually, are general unsecured
obligations of the Company and will be subordinated in right of payment to all
existing and future senior debt of the Company.  The Notes are guaranteed by
certain of the Company's subsidiaries and contain certain  covenants that limit
the ability of the Company and certain of its subsidiaries to, among other
things, incur additional indebtedness, pay dividends or make certain other
restricted payments, consummate certain asset sales, enter into certain
transactions with affiliates, incur liens, merge or consolidate with  another
company and sell or otherwise dispose of all or substantially all of the assets
of the Company.
     
The Notes are redeemable, at the Company's option, in whole or in part from time
to time on or after March 15, 2002.  If redeemed during the twelve-month period
commencing on March 15 of the year set forth below, the redemption prices are as
follows, plus in each case, accrued and unpaid interest thereon, if any, to the
date of redemption:

            Year                                   Percentage
            ____                                   __________
            2002       ..........................  104.625%
            2003       ..........................  103.083%
            2004       ..........................  101.542%
            2005 and thereafter    ..............  100.000%


In addition, the Company may redeem up to 35% of the aggregate principal amount
of the Notes at any time on or prior to March 15, 2001 at 109.25% of the
principal amount thereof, plus accrued interest to the date of redemption, from
the net proceeds of one or more public equity offerings, as defined.  Also, upon
a change of control of the Company, as defined, the Company may be required to
repurchase the Notes at a price equal to 101% of the principal amount thereof,
plus accrued interest to the date of repurchase.

In connection with the repayment of the amounts due under the existing Credit
Facility from the proceeds of the Notes, the Company also reached an agreement
with a syndicate of commercial banks to amend the Company's existing Credit
Facility to limit borrowings under the Credit Facility to an amount based upon a
percentage of the Company's eligible domestic accounts receivable, as defined,
up to $75 million.  Certain of the financial covenants and restrictions were
amended and the Company's eligible domestic accounts receivable were pledged as
security.   As a result of the amendment the Company recognized an extraordinary
charge of $514,000, net of tax, to write off the deferred costs of the original
Credit Agreement.

5.  EMPLOYEE STOCK PURCHASE PLAN:

During  the  first  quarter of 1998, the Company implemented an  Employee  Stock
Purchase  Plan ("ESPP" or the "Plan").  The Plan enables eligible  employees  to
Purchase  the Company's stock at 85% of the current market value on a  quarterly
basis.
<PAGE>
                       SITEL CORPORATION AND SUBSIDIARIES
               NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATMENTS



6.  ACCOUNTING PRONOUNCEMENT:

Statement of Financial Accounting Standard ("SFAS") 130, Reporting Comprehensive
Income establishes standards for the reporting and display of comprehensive
income and its components in a full set of general purpose financial statements.
The standard also requires disclosure of the total of comprehensive income in
interim financial statements.  The Company's comprehensive income was $1,706,000
and $141,000 for the three month periods ended March 31, 1997 and 1998,
respectively.  The difference between the Company's reported net  income and
comprehensive income for those three month periods is primarily due to the
change in the currency exchange adjustment.  The accumulated other comprehensive
income included in the Company's Consolidated Condensed Balance Sheet at
December 31, 1997 and March 31, 1998 is primarily the accumulated currency
exchange adjustment.

7.    RESTRUCTURING:

In the fourth quarter of 1997, the Company recorded a $15.7 million charge for
restructuring expenses.  Included in that charge were severance and other costs
of $3.6 million, of which $3.4 million was recorded as a liability at December
31, 1997, as well as $1.1 million of liabilities related to losses on
contractual obligations.  The amount of actual termination benefits paid and
actual losses charged against the liability for contractual obligations during
the three months ended March 31, 1998 was approximately $650,000 and $100,000,
respectively.

8.  SUPPLEMENTAL GUARANTOR FINANCIAL INFORMATION:

The Notes are guaranteed, on a full, unconditional and joint and several basis,
by all wholly-owned domestic subsidiaries of the Company.  Separate financial
statements of the guarantor subsidiaries are not presented because management
has determined that they would not be material to investors.  However, the
following condensed consolidating information presents:

     (1)  Condensed consolidating financial statements as of December 31, 1997 
and March 31, 1998, and for the three months ended, March 31, 1997 and 1998 of 
(a) SITEL Corporation, the parent, (b) the guarantor subsidiaries, (c) the
nonguarantor subsidiaries and (d) SITEL Corporation on a consolidated basis,

     (2)  SITEL Corporation, the parent, with the investments in all
subsidiaries accounted for on the equity method, and the guarantor subsidiaries
with the nonguarantor subsidiaries accounted for on the equity method (one of
the guarantor subsidiaries is the parent of the nonguarantor subsidiaries), and

     (3)  Elimination entries necessary to consolidate SITEL Corporation, the
parent, with all subsidiaries.
<PAGE>

</TABLE>
<TABLE>

                       SITEL CORPORATION AND SUBSIDIARIES
               NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATMENTS
                                        
8.  SUPPLEMENTAL GUARANTOR FINANCIAL INFORMATION (Continued):
                                        
                      Condensed Consolidating Balance Sheet
                                December 31, 1997
                                 (in thousands)

                                                          Guarantor       Nonguarantor                           
                                             Parent      Subsidiaries     Subsidiaries     Eliminations    Consolidated
                                            _________    ____________    _____________     ____________    ____________
<S>                                       <C>          <C>             <C>              <C>              <C>            
ASSETS                                                                                                     
Current assets:                                                                                            
  Cash and cash equivalents.............. $    11,514  $        2,075  $         10,696 $            --  $       24,285
  Trade accounts receivable, net.........      21,832          22,167            65,313         (1,615)         107,697
  Marketable securities..................         159              --                --              --             159
  Prepaid expenses and other current                                                                                     
  asset..................................       6,523             264             9,830              --          16,617
                                            _________    ____________     _____________    ____________    ____________
    Total current assets.................      40,028          24,506            85,839         (1,615)         148,758
  Property and equipment, net............      37,585          24,251            58,764              --         120,600
  Deferred income taxes..................      11,070              --                44              --          11,114
  Goodwill, net..........................       1,627          21,926            70,828              --          94,381
  Other assets...........................       7,532             121             3,374              --          11,027
  Investments in subsidiaries............     180,112          94,999                --       (275,111)              --
  Notes receivable, intercompany.........          --          22,203                --        (22,203)              --
                                            _________    ____________     _____________    ____________    ____________
    Total assets......................... $   277,954  $      188,006  $        218,849 $     (298,929)  $      385,880
                                            =========    ============     =============    ============    ============
                                                                                                                          
LIABILITIES AND STOCKHOLDERS' EQUITY                                                                  
Current Liabilities:                                                                                                      
  Notes payable.......................... $         -- $           --  $         14,376 $            --  $       14,376
Current portion of long-term debt........        2,026             --             8,767              --          10,793
Current portion of capitalized lease                                                                                   
  obligations............................          308             98             4,528              --           4,934
  Trade accounts payable.................        2,841          1,202            24,894         (1,615)          27,322
Accrued expenses and other current                                                                                     
  liabilities............................       11,168          6,210            34,410              --          51,788
                                             _________   ____________     _____________    ____________    ____________
    Total current liabilities............       16,343          7,510            86,975         (1,615)         109,213
  Long-term debt, excluding current                                                                                      
  portion................................      101,488             --             1,017              --         102,505
  Capitalized lease obligations, excluding                                                                               
  current portion........................          328            140            12,515              --          12,983
  Notes payable, intercompany and                                                                                        
  other..................................           --            244            21,959        (22,203)              --
  Deferred compensation .................        1,407             --                --              --           1,407
                                                                                                                       
  Minority interest......................           --             --             1,384              --           1,384
                                                                                                                       
  Stockholders' equity...................      158,388        180,112            94,999       (275,111)         158,388
                                             _________   ____________     _____________    ____________    ____________
  Total liabilities and stockholders'                                                                                  
    equity............................... $    277,954 $      188,006  $        218,849 $     (298,929)  $      385,880
                                             =========   ============     =============    ============    ============
</TABLE>
<TABLE>
                                    SITEL CORPORATION AND SUBSIDIARIES
                           NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS



8.  SUPPLEMENTAL GUARANTOR FINANCIAL INFORMATION (Continued):

                                    Condensed Consolidating Balance Sheet
                                                  March 31, 1998
                                                  (in thousands)
                                                         Guarantor         Nonguarantor                          
                                            Parent      Subsidiaries       Subsidiaries    Eliminations    Consolidated
                                          __________   ______________     _____________    ____________    ____________
<S>                                     <C>          <C>               <C>               <C>             <C>          
ASSETS                                                                                                                  
Current assets:                                                                                                         
  Cash and cash equivalents..........   $      5,561 $          1,491   $          5,266 $           --  $        12,318
  Trade accounts receivable, net.....         28,342           26,355             67,662        (1,929)          120,430
  Prepaid expenses and other current           7,614              172             20,908             --           28,694
  assets.............................     __________   ______________      _____________   ____________     ____________
  Total current assets...............         41,517           28,018             93,836        (1,929)          161,442
  Property and equipment, net........         30,823           22,278             60,343             --          113,444
  Deferred income taxes..............          9,733            (244)              3,200             --           12,689
  Goodwill, net......................          1,605           21,699             69,488             --           92,792
  Other assets.......................          9,947              100              2,752             --           12,799
  Investments in subsidiaries........        184,112           90,546                 --      (274,658)               --
  Notes receivable, intercompany.....             --           27,683                 --       (27,683)               --
                                          __________   ______________      _____________   ____________     ____________
Total assets.........................   $    277,737  $       190,080    $       229,619 $    (304,270)  $       393,166
                                          ==========   ==============      =============   ============     ============
                                                                                                 
LIABILITIES AND STOCKHOLDERS' EQUITY                                                        
Current Liabilities:                                                                                 
Notes payable........................   $         -- $             --   $         23,748 $           --  $        23,748
Current portion of long-term debt....          2,323               --              4,691             --            7,014
Current portion of capitalized lease
  obligations........................            314               98              3,803             --            4,215
Trade accounts payable...............          2,908            1,041             21,439        (1,929)           23,459
Accrued expenses and other current                                                                                        
  liabilities........................          8,714            4,727             32,750             --           46,191
                                          __________   ______________      _____________   ____________     ____________
Total current liabilities............         14,259            5,866             86,431        (1,929)          104,627
Long-term debt, excluding current
  portion............................        101,524               --              6,096             --          107,620
Capitalized lease obligations, excluding                                                                                  
  current portion....................            248              102             11,156             --           11,506
Notes payable, intercompany..........             --               --             27,683       (27,683)               --
Deferred compensation................          1,466               --                 --             --            1,466
Minority interest....................             --               --              7,707             --            7,707
Stockholders' equity.................        160,240          184,112             90,546      (274,658)          160,240
                                          __________   ______________      _____________   ____________     ____________
Total liabilities and stockholders'               
     equity..........................  $     277,737  $       190,080    $       229,619 $    (304,270)  $       393,166
                                           =========   ==============      =============   ============     ============
</TABLE>
<TABLE>
                                 SITEL CORPORATION AND SUBSIDIARIES
                        NOTES TOCONSOLIDATED CONDENSED FINANCIAL STATMENTS
                                        
8.  SUPPLEMENTAL GUARANTOR FINANCIAL INFORMATION (Continued):

                              Condensed Consolidating Statement of Income
                               For the three months ended March 31, 1997
                                            (in thousands)
                                        
                                                         Guarantor         Nonguarantor                          
                                            Parent      Subsidiaries       Subsidiaries    Eliminations    Consolidated
                                          __________   _____________       _____________    ____________    ____________
                                                                                                                       
<S>                                     <C>          <C>                <C>              <C>               <C>   
Revenues..............................  $     34,763 $         17,455   $         52,042 $           --    $      104,260
                                          __________   ______________      _____________    ____________    ____________
Operating expenses:                                                                                               
  Cost of services....................        18,380            9,212             28,765             --          56,357
  Selling, general and administrative
  expenses............................        13,722            6,038             17,482             --          37,242
                                          __________   ______________      _____________   ____________    ____________
                                                                                                                       
     Total operating expenses.........        32,102           15,250             46,247             --          93,599
                                          __________   ______________      _____________   ____________    ____________
                                                                                                                       
     Operating income.................         2,661            2,205              5,795             --          10,661
                                          __________   ______________      _____________   ____________    ____________
                                                                                                                       
Other income (expense):                                                                                           
  Equity in earnings of subsidiaries,
  net of tax..........................         4,197            2,972                 --        (7,169)              --
  Intercompany charges................            --              369              (369)             --              --
  Interest income (expense), net .....           481            (571)              (444)             --           (534)
                                          __________   ______________      _____________   ____________    ____________
                                                                                                                       
     Total other income (expense).....         4,678            2,770              (813)        (7,169)           (534)
                                          __________   ______________      _____________   ____________    ____________
                                                                                                                       
Income before income taxes and
minority interest.....................         7,339            4,975              4,982        (7,169)          10,127
                                                                                                                       
Income tax expense....................           885              778              1,980             --           3,643
                                                                                                                       
Minority interest.....................            --               --                 30             --              30
                                          __________   ______________      _____________   ____________    ____________
                                                                                                                       
     Net income.......................  $      6,454 $          4,197   $          2,972 $      (7,169)  $        6,454
                                          ==========    =============      =============   ============    ============
</TABLE>
<TABLE>
                                        
                                  SITEL CORPORATION AND SUBSIDIARIES
                          NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATMENTS
                                        
8.  SUPPLEMENTAL GUARANTOR FINANCIAL INFORMATION (Continued):
                                        
                              Condensed Consolidating Statement of Income
                               For the three months ended March 31, 1998
                                             (in thousands)
                                                              Guarantor      Nonguarantor                         
                                                  Parent     Subsidiaries    Subsidiaries   Eliminations    Consolidated
                                                 ________    ____________    ____________   ____________    ____________
                                                                                                                             

<C>                                            <S>           <C>             <C>            <C>             <C> 
Revenues.....................................  $    34,072   $     41,006    $     62,670   $         --    $    137,748
                                                  ________   ____________    ____________   ____________    ____________
Operating expenses:                                                                                                     
 Cost of services............................       17,960         23,346          36,514             --          77,820
 Selling, general and administrative                                                                                     
   expenses..................................       15,124         14,326          25,222             --          54,672
                                                  ________   ____________    ____________   ____________    ____________
                                                                                                                         
    Total operating expenses.................       33,084         37,672          61,736             --         132,492
                                                  ________   ____________    ____________   ____________    ____________
                                                                                                                        
 Operating income............................          988          3,334             934             --           5,256
                                                  ________   ____________    ____________   ____________    ____________
                                                                                                          
Other income (expense):
 Equity in earnings (losses) of subsidiaries,                                                                                
   net of tax................................        1,781           (163)             --         (1,618)             --
 Intercompany charges........................           56            436            (492)            --              --
 Interest expense, net.......................       (1,113)          (780)           (697)            --          (2,590)
 Other income................................          135             --              --             --             135
                                                  ________   ____________    ____________   ____________    ____________
                                                                                                                               
                                                                                                                                 
   Total other income (expense)..............          859          (507)          (1,189)        (1,618)         (2,455)
                                                  ________   ____________    ____________   ____________    ____________
                                                                                                                               
Income (loss) before income taxes and                                                                                   
  minority interest..........................        1,847          2,827            (255)        (1,618)          2,801
                                                                                                                               
Income tax expense  (benefit)................         (131)         1,046             202             --           1,117
                                                                                                                               
Minority interest............................           --             --            (294)             --           (294)
                                                  ________   ____________    ____________   ____________    ____________
                                                                                                                               
    Net income (loss) from continuing                                                                                   
      operations.............................        1,978          1,781           (163)        (1,618)           1,978
                                                                                                                                
Extraordinary loss on refinancing of debt, net                                                                          
  of taxes...................................          514             --              --             --             514
                                                  ________   ____________    ____________   ____________    ____________
                                                                                                                               
 Net income (loss) ..........................    $   1,464  $       1,781  $        (163)  $     (1,618)   $       1,464
                                                  ========   ============    ============   ============    ============
</TABLE>
<TABLE>
                                     SITEL CORPORATION AND SUBSIDIARIES
                             NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATMENTS

8.  SUPPLEMENTAL GUARANTOR FINANCIAL INFORMATION (Continued):
           
                               Condensed Consolidating Statement of Cash Flows
                                  For the three months ended March 31, 1997
                                               (in thousands)

                                                              Guarantor      Nonguarantor                         
                                                 Parent      Subsidiaries    Subsidiaries   Eliminations    Consolidated
                                                ________     ____________    ____________   ____________    ____________

<S>                                            <C>          <C>              <C>           <C>             <C>  
Net cash provided by (used in) operating
   activities................................  $ (12,705)   $       (749)    $       449  $          --   $      (13,005)
                                                ________     ____________    ____________   ____________    ____________
                                                                                                                        
Cash flows from investing activities:                                                                               
  Investments in subsidiaries................    (11,979)         (9,050)              --         21,029              --
  Purchases of property and equipment........     (9,099)         (2,772)          (6,821)            --         (18,692)
  Acquisitions of  businesses, net of cash
  acquired...................................    (11,941)             --           (8,725)            --         (20,666)
  Changes in other assets, net...............         --              --              108             --             108
                                                 ________    ____________    ____________   ____________    ____________
Net cash used in investing activities......       (33,019)        (11,822)       (15,438)         21,029        (39,250)
                                                 ________    ____________    ____________   ____________    ____________
Cash flows from financing activities:
  Borrowings on notes payable...............       27,380              --          1,482              --          28,862
  Repayments of notes payable...............       (9,152)             --           (139)             --          (9,291)
  Borrowings on long-term debt..............       14,300              --            274              --          14,574
  Repayment of long-term debt and capital 
  lease obligations.........................           (3)            (24)            --              --             (27)
  Net capital contribution from parent......           --          11,979          9,050         (21,029)             --
  State incentive credits received..........          900              --             --              --             900
  Common stock issued for option exercises..          200              --             --              --             200
                                                 ________    ____________    ___________    ____________    ____________
                                                                                                                        
Net cash provided by financing                     33,625          11,955         10,667         (21,029)         35,218
  activities................................     ________    ____________    ___________    ____________    ____________
                                             
Effect of exchange rates on cash............           --              --           (526)             --            (526)     
                                                 ________    ____________    ___________    ____________    ____________
Net decrease in cash........................      (12,099)           (616)        (4,848)             --         (17,563)
Cash and cash equivalents, beginning of
  period....................................       13,302           1,859         10,549              --          25,710
                                                 ________    ____________    ___________    ____________    ____________
Cash and equivalents, end of period........   $     1,203 $         1,243  $       5,701  $           --  $        8,147
                                                 ========    ============    ===========    ============    ============
</TABLE>
<TABLE>
                                        SITEL CORPORATION AND SUBSIDIARIES
                               NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATMENTS

8.  SUPPLEMENTAL GUARANTOR FINANCIAL INFORMATION (Continued):

                                   Condensed Consolidating Statement of Cash Flows
                                      For the three months ended March 31, 1998 
                                                      (in thousands)

                                                                Guarantor     Nonguarantor                         
                                                  Parent       Subsidiaries   Subsidiaries    Eliminations   Consolidated
                                                __________     ____________   ____________    ____________   ____________
<S>                                           <C>             <C>             <C>            <C>            <C>    
Net cash provided by (used in) operating                                                                           
  activities...............................   $    (4,746)    $     1,105    $     (10,557)  $          --  $     (14,198)
                                                __________     ____________    ____________   ____________    ____________
Cash flows from investing activities:                                                                                     
  Investments in subsidiaries..............        (4,246)         (7,781)              --         12,027              --
  Dividend on common stock.................            --          10,000               --        (10,000)             --
  Purchases of property and equipment......        (3,532)         (3,154)          (4,997)             --        (11,683)
  Proceeds from sales of property and                                                                                       
  equipment................................         9,336              --               --             --           9,336
  Sale of marketable securities............           257              --               --             --             257
  Changes in other assets..................            --              --               55             --              55
                                                __________    ____________     ____________   ____________    ____________
                                                                                                                                 
Net cash provided by (used in) investing                                                                                      
  activities...............................          1,815           (935)           (4,942)        2,027          (2,035)
                                                __________    ____________     ____________   ____________    ____________
                                                                                                                         
Cash flows from financing activities:                                             
  Borrowings on notes payable..............             --             --            10,720            --           10,720
  Repayments of notes payable..............             --             --            (1,303)           --           (1,303)
  Borrowings on long-term debt.............        124,399             --             1,409            --          125,808
  Repayment of long-term debt and capital                                                                                  
  lease obligations........................       (127,422)            --            (2,932)           --         (130,354)
  Net capital contribution from parent.....             --          4,246             7,781        12,027)              --
                                                                                                 
Net borrowings and payments on note to                                                                                       
  parent...................................             --         (5,000)            5,000            --               --
Dividend on common stock...................                                         (10,000)        10,000              --
                                                        --             --
Other......................................              1             --                75            --               76
                                                __________    ____________     ____________   ____________    ____________
Net cash provided by (used in) financing                                                                                 
  activities...............................         (3,022)          (754)           10,750         (2,027)          4,947
                                                __________    ____________     ____________   ____________    ____________
Effect of exchange rates on cash...........             --              --             (681)            --           (681)
                                                __________    ____________     ____________   ____________    ____________
Net decrease in cash.......................         (5,953)           (584)          (5,430)            --        (11,967)
Cash and cash equivalents, beginning of                                                                                  
  period...................................         11,514           2,075           10,696             --         24,285
                                                __________    ____________     ____________   ____________    ____________
Cash and equivalents, end of                                                                                              
  period...................................  $       5,561   $       1,491    $       5,266  $          --   $     12,318
                                                ==========    ============     ============   ============    ============
</TABLE>
                                    SIGNATURES


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


Date:  August 13, 1998                     SITEL Corporation


                                      By:  /s/ W. Gar Richlin
                                           ____________________________________
                                           W. Gar Richlin
                                           Executive Vice-President and Chief 
                                           Financial Officer (Principal 
                                           Financial Officer)