FORM 10-Q
                  SECURITIES AND EXCHANGE COMMISSION
                        WASHINGTON, D.C.  20549
                                   
              Quarterly Report Under Section 13 or 15 (d)
                of the Securities Exchange Act of 1934
                                   
                   For Quarter Ended March 31, 1997
                                   
                    Commission File Number 0-13898
                                   
                               MOSCOM Corporation
                                   
        (Exact name of registrant as specified in its charter)

          Delaware                                     16-1192368
(State  or other jurisdiction of Incorporation       (IRS  Employer
       or Organization)                           Identification Number)


     3750 Monroe Avenue, Pittsford, NY                        14534
(Address of principal executive offices)                    (Zip Code)

                         (716) 381-6000
(Registrant's telephone number, including area code)

                              N.A.
(Former name, former address and former fiscal year, if changed  since
last report)

      Indicate by check mark whether the Registrant (1) has filed  all
reports required to be filed by Section 13 or 15 (d) of the Securities
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 requirement for the past 90 days.

          YES        _XX_         NO ____

     Indicate the number of shares outstanding of each of the issuer's
classes of common stock, as of March 31, 1997.

     Common stock, par value $.10                 7,219,967 shares

     This report consists of 14 pages.

<PAGE>
                                 INDEX
                                   
                                   

                                                            Page

PART I    FINANCIAL INFORMATION

  Item 1    Financial Statements
  
            Consolidated Balance Sheets -                   3,   4
            March 31, 1997 and December 31, 1996
  
            Consolidated Statements of Operations -         5
            Three Months Ended March 31, 1997 and 1996
  
            Consolidated Statements of Cash Flows -         6
            Three Months Ended March 31, 1997 and 1996
  
            Notes To Consolidated Financial Statements      7,   8
  
  Item 2    Management's Discussion and Analysis of         9 - 11
            Financial Condition and Results of Operations
  

PART II   OTHER INFORMATION
  
  Item 6    Exhibits and Reports on Form 8-K               12 - 13

<PAGE>
                   PART  I -  FINANCIAL INFORMATION
                                   
                          MOSCOM CORPORATION
                           And Subsidiaries
                                   
                      CONSOLIDATED BALANCE SHEETS
                                   
                                          March 31,           December 31,
ASSETS                                    1997                1996*
CURRENT ASSETS:                           (Unaudited)           
 Cash and Cash Equivalents                                     
  (Including Short-term investments                                      
   of $197,801 and $1,353,590                                           
   respectively)                          $    583,278         $ 2,025,535
 Investments                                 1,907,397             250,180
 Accounts Receivable, trade (net of                                       
  allowance for doubtful accounts                                        
  of $122,000 and $118,000,                                              
  respectively)                              2,903,248           3,477,384
 Inventories                                 1,743,449           1,887,808
 Prepaid Expenses                              166,446              69,719
                                           -----------         -----------
      Total Current Assets                   7,303,818           7,710,626
                                                                       
PLANT AND EQUIPMENT                          5,698,870           5,655,706
 Less Accumulated Depreciation              (4,613,570)         (4,520,657)
                                           -----------         -----------
 Plant and Equipment (Net)                   1,085,300           1,135,049
                                                                       
OTHER ASSETS:
 License fees and purchased software                                      
  (Net of accumulated amortization                                       
   of $244,777 and $223,065                                               
   respectively)                                72,487              93,520
 Software Development Costs                                             
   (Net of accumulated                                               
    amortization of $1,801,273                                       
    and $1,531,780 respectively)             3,169,063           3,145,298
 Deposits and Other Assets                   1,508,070           1,520,130
                                           -----------         -----------
Total Other Assets                           4,749,620           4,758,948
                                           -----------         -----------
TOTAL ASSETS                               $13,138,738         $13,604,623
                                           ===========         ===========
                                                              
See notes to Consolidated Financial Statements.
                                   
             *  Derived from Audited Financial Statements

<PAGE>

                          MOSCOM CORPORATION
                           And Subsidiaries
                                   
                      CONSOLIDATED BALANCE SHEETS

                                           March 31,           December
                                           1997                31,
                                           (Unaudited)         1996*
                                             
LIABILITIES AND STOCKHOLDERS' EQUITY                              

CURRENT LIABILITIES:                                              
  Accounts Payable                         $   688,728         $ 1,170,508
  Accrued Compensation and Related Taxes       898,707             961,155
  Other Accrued Expenses                     1,352,359           1,452,688
                                           -----------         -----------
     Total Current Liabilities               2,939,794           3,584,351

 Pension Obligation                          1,395,682           1,320,682
                                           -----------         -----------
                                             4,335,476           4,905,033
                                                                         
STOCKHOLDERS' EQUITY:                                                    
 Common Stock, par value $.10,                                             
  20,000,000 shares authorized; issued                                 
  and outstanding, 7,219,967                                                
  and 6,934,872, respectively                  721,997             693,487
 Additional Paid-in Capital                 17,315,920          15,785,850
 Retained Earnings                          (9,064,040)         (7,723,351)
 Cumulative Translation Adjustment            (170,615)            (56,396)
                                           -----------         -----------
                                             8,803,262           8,699,590
                                           -----------         -----------
TOTAL LIABILITIES AND STOCKHOLDERS'        
 EQUITY                                    $13,138,738         $13,604,623
                                           ===========         ===========
                                                                  

See notes to Consolidated Financial Statements.

             *  Derived from Audited Financial Statements

<PAGE>
                          MOSCOM CORPORATION
                           And Subsidiaries
                                   
                 CONSOLIDATED STATEMENTS OF OPERATIONS
                                   
                                          Three Months Ended
                                               March 31,
                                              (Unaudited)

                                          1997           1996
                                   
SALES                                     $ 2,771,059    $ 2,804,280
                                          -----------    -----------
COSTS AND OPERATING EXPENSES:                                  
 Cost of Sales                                812,791        954,659
 Engineering & Software Development           730,393        603,585
 Selling, General and Administrative        2,598,239      2,606,085
                                          -----------    -----------
  Total Costs and Operating Expenses        4,141,423      4,164,329
                                          -----------    -----------

 LOSS FROM OPERATIONS                      (1,370,364)    (1,360,049)
                                      
INTEREST INCOME                                29,675         88,646
                                          -----------    -----------
                                                               

LOSS BEFORE INCOME TAXES                   (1,340,689)    (1,271,403)
                                          
INCOME TAXES                                                   
                                                    -        (84,000)
                                          -----------    -----------
NET LOSS                                  $(1,340,689)   $(1,187,403)
                                          ============   ============

LOSS PER SHARE                                  $(.19)         $(.17)
                                          ============   ============


See notes to Consolidated Financial Statements.

<PAGE>

                          MOSCOM CORPORATION
                           And Subsidiaries
                 CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   
                                                    Three Months Ended
                                                         March 31,
                                                1997            1996
                                                       (Unaudited)
CASH FLOWS FROM OPERATING ACTIVITIES:                            
Net Loss                                        $(1,340,689)    $(1,187,403)
                                                -----------     -----------
Adjustments to Reconcile Loss to Net Cash                
 Provided by Operating Activities
  Depreciation and Amortization                     384,517         466,847
  Provision for Losses on Accounts                    
    Receivable                                        3,750           6,000
  Provision for Inventory Obsolescence               25,000          50,001
                                                         
  Changes in Assets and Liabilities                      
    Short Term Investments                       (1,657,217)        259,724
    Accounts Receivable                             570,386       1,108,473
    Inventories                                     119,359          62,358
    Prepaid Expenses                                (96,727)         (8,113)
    License Fees                                     (1,078)         (7,700)
    Other Assets                                     12,060          13,664
    Accounts Payable                               (481,780)        (98,372)
    Other Liabilities                                75,000          58,749
    Other Current Liabilities                      (276,996)       (495,487)
                                                -----------     -----------
  Net Adjustments                                (1,323,726)      1,416,144
                                                -----------     -----------
  Net Cash Provided (Used) by Operating          
   Activities                                    (2,664,415)        228,741
                                                -----------     -----------

CASH FLOWS FROM INVESTING ACTIVITIES:                    
                                                         
  Additions to Property and Equipment               (43,164)        (88,558)
  Software Development Costs                       (293,258)       (438,888)
                                                -----------     ----------- 
Net Cash Flows from Investing Activities:          (336,422)       (572,446)
                                                -----------     -----------
CASH FLOWS FROM FINANCING ACTIVITIES:                    
  Sale of Stock                                   1,540,768               -
  Dividends Paid                                          -        (136,477)
  Exercise of Stock Options and Warrants             39,310         138,000
  Stock Retirements                                 (21,498)        ( 7,625)
                                                -----------     -----------
  Net Cash Flows from Financing Activities        1,558,580          (6,102)
                                                -----------     -----------
NET DECREASE IN CASH AND CASH EQUIVALENTS        (1,442,257)       (349,807)
                                                         
CASH AND CASH EQUIVALENTS, BEGINNING OF    
     PERIOD                                       2,025,535       2,727,340
                                                -----------     -----------
CASH AND CASH EQUIVALENTS, END OF PERIOD        $   583,278     $ 2,377,533
                                                ===========     ===========
<PAGE>

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

(1)  GENERAL

    The  accompanying  unaudited consolidated  financial  statements
include all adjustments of a normal and recurring nature which are, in
the  opinion  of Registrants management, necessary to present fairly
Registrants financial position as of  March 31, 1997 and the  results
of  its operations and cash flows for the three months ended March 31,
1997 and 1996.  All significant intercompany accounts and
transactions have been eliminated.

    Certain information and footnote disclosures normally included in
financial  statements prepared in accordance with  generally  accepted
accounting  principles have been omitted pursuant  to  the  rules  and
regulations  of the  Securities  and  Exchange  Commission.  These
consolidated  financial statements should be read in conjunction  with
the  consolidated financial statements and related notes contained  in
the Annual Report for the fiscal year ended December 31, 1996.

    Management  believes that the procedures followed in preparing
these  consolidated  financial statements are reasonable under the
circumstances,  but the accuracy of the amounts in the financial
statements are in some respect dependent upon facts that will exist,
and procedures that will be accomplished by Registrant later in the
fiscal year.

    The  results of operations for the three months ended March 31,
1997 are not necessarily indicative of the results to be expected for
a full years operation.

    Except for the historical information contained herein, the
matters discussed in this report are forward-looking statements which
involve risks and uncertainties, including but not limited to
economic, competitive, governmental and technological factors
affecting  the Companys operations, markets, products,  services  and
prices, and other factors discussed in the Companys filings with  the
Securities and Exchange Commission.

(2)  INVENTORIES

     The composition of inventories at March 31, 1997 and December 31,
1996 was as follows:

                                    March 31,        December 31,
                                         1997                1996
Purchased parts and            
 components                        $  830,069          $  873,918
Work in process                       166,164             256,104
Finished goods                        747,216             757,786
                                   ----------          ----------
                                   $1,743,449          $1,887,808
                                   ==========          ==========
<PAGE>

(3)  PLANT AND EQUIPMENT

     The major classifications of plant and equipment at March  31,
     1997, and December 31, 1996 are:

                                    March 31,      December 31,
                                         1997              1996
     Machinery and equipment        1,759,921        $1,532,876
     Computer hardware and     
      software                      2,572,003         2,755,519
     Furniture and fixtures         1,043,307         1,040,879
     Leasehold improvements           323,639           326,432
                                   ----------        ----------
                                   $5,698,870        $5,655,706
                                   ==========        ==========
     
     
(4)  EARNINGS PER SHARE

     Weighted average shares outstanding for the three months ended
     March 31, 1997 and 1996 do not include common stock equivalents,
     as their effect on earnings per share would be anti-dilutive.  In
     February 1997, Statement of Financial Accounting Standards NO
     128(SFAS No. 128), Earnings per Share, was issued, superseding
     APB Opinion 15, Earnings per Share (Opinion 15). This
     statement specifies the computation, presentation and disclosure
     requirements for earnings per share (EPS) for companies with
     publicly held common stock or potential common stock.  This
     statement replaces the reporting of primary EPS with basic EPS
     and changes the computation of fully diluted EPS with dilutive
     EPS which uses its average share price for the period, rather
     than the more dilutive greater of the average share price or end-
     of-period share price required by Opinion 15.  The Company will
     be required to adopt SFAS No. 128 on a prospective basis at
     December 31, 1997.  The Company believes the effect of adoption
     will not be material.
     


(5)    SUBSEQUENT EVENT

     On May 6, 1997, the Company announced that it has withdrawn the
     initial public  offering of its Votan subsidiary.  The decision was
     reached following indications from the underwriter that the offering
     could not be successfully completed.  The company has decided to close
     down Votans California facility as continuing to fund Votans operation
     can no longer be justified.  Sales efforts with respect to voice
     recognition and verification products will continue through existing
     distribution channels while management evaluates its options with
     regards to this technology.  The principal assets of the Votan
     subsidiary consist primarily of inventory and capitalized software
     development costs.  Management is evaluating the utilization of these
     assets in its future operations and accordingly, has not yet determined
     the impact, if any, of adjusting these assets to their net realizable
     value.  Expenses associated with the withdrawn offering of approximately
     $250,000 will be charged against income in the second quarter.

<PAGE>

Item 2    Managements Discussion and Analysis of Financial Condition
          and Results of Operations

Results of Operations
     Sales for the three months ended March 31, 1997 were $2,771,059,
a decrease of 1% from the sales of $2,804,280 realized for the three
months ended March 31, 1996.  Domestic sales rose slightly from the
first quarter 1996 levels, with sales to Lucent Technologies
increasing 5% over first quarter 1996 levels.  This gain in domestic
sales was offset by a decline in foreign sales, primarily through the
companys German Subsidiary whose sales fell by 27% from first quarter
1996 levels.

     Gross margin for the quarter ended March 31, 1997 amounted to 71%
of sales, compared with a gross margin of 66% of sales the quarter
ended March 31, 1996.  The improved margin reflects lower amortization
costs, related to capitalized and purchased software during the first
quarter of 1997 versus the first quarter of 1996.

     Gross expenditures for engineering and software development were
reduced by 6% from $1,087,473 for the three months ended March 31, 1996
to $1,023,651 for the three months ended March 31, 1997.  However,
as a result of a reduction in the amount of engineering  and
development costs capitalized, net expense charged against income for
the quarter ended March 31, 1997 of $730,393 represented an increase
of 21% over net engineering and development expense incurred for the
same three month period of 1996.

     The table below summarizes gross expenditures for engineering and
development, amounts capitalized, and net engineering expenses
incurred for the three months ended March 31, 1997 and 1996.

                                         Three Months Ended
                                             March 31
                                        1997         1996
Gross Expenditures for Engineering &                     
 Software Development                   $1,023,651   $1,087,473
Less:  Costs capitalized                  (293,258)    (483,888)
                                        ----------   ---------- 
Net Engineering & Software                           
 development expense                    $  730,393   $  603,585
                                        ==========   ==========

     Expenses for selling, general and administrative functions  of
$2,598,239 for the three months that ended March 31, 1997 were
basically unchanged in total from the expense level of $2,606,085 for
the  same  three month period of 1996.  This decrease in expense was
achieved despite the higher expenses associated with the companys
Votan Division, formed during the second quarter of 1996.  These
higher costs were substantially offset by a reduction in the selling
and administrative costs attributable to staffing reductions at the
Companys German subsidiary.

     As of the date of this report the company is exploring further
reductions in its three European subsidiaries in an effort to further
reduce its operating expenses going forward.
<PAGE>

     The net loss of $1,340,689 or $0.19 per share for the quarter
ended March 31, 1997 compared with a net loss of $1,187,403  or  $0.17
per share for the quarter ended March 31, 1996.


Liquidity and Capital Resources

     The Companys cash position (cash plus investments) at March 31,
1997 was $2,490,675.  This compared with a total cash position of
$2,275,715  at  December 31, 1996 and $5,085,618 at March 31, 1996.
Current ratios for the periods ended March 31, 1997, December 31, 1996
and March 31, 1996 were 2.5, 2.2 and 4.9 respectively.

     During the first quarter of 1997 the company completed a private
placement of 281,593 shares of its common stock to two institutional
investors for $1,620,000, yielding net proceeds of $1,540,768.

     Total assets of $13,138,738 at March 31, 1997 were down 3% total
assets of $13,604,623 at December 31, 1996 mainly as a result of
reductions in accounts receivable.

     Total liabilities of $4,335,476 of March 31, 1997 compared with
total liabilities of $4,905,033 at December 31 1996 primarily as a
result of an approximate $482,000 decline in trade payables.

     During the first quarter the Company finalized an agreement with
a major commercial bank for a line of credit agreement for up to
$500,000.   Any amounts borrowed against the line would be secured by
all the companys assets.  There were no borrowings against this
agreement during the first quarter of 1997.

     The  company  believes that sufficient capital resources are
available to meet its financial needs over the next twelve months.

<PAGE>

                       PART II - OTHER INFORMATION
                                    
Item 6:             Exhibits and Reports on From 8-K

(1)  Registrants Consolidated Financial Statements for the three months
     ended March 31, 1997 and 1996 are set forth in Part I, Item 1 of
     this Quarterly Report on Form 10-Q.

(2)  Calculation of earnings per share.

<PAGE>     

                                          Exhibit A:     (2)
                           MOSCOM CORPORATION
                             and Subsidiary
                                    
                   Calculations of Earnings Per Share
                                    
                                      Three Months Ended              
                                          March 31,                   
                                      1997             1996
Primary                                   
Net Loss                               $(1,340,689)    $(1,187,403)
                                       ===========     ===========
                                                      
Weighted Common Shares Outstanding       7,089,101       6,831,250
                           
                                                      
Dilutive Effect of Stock                              
 Options After Application of                                
 Treasury Stock Method                           -               -
                                       -----------     -----------

Weighted Average Shares          
 Outstanding                             7,089,101       6,831,250
                                       ===========     ===========       
Loss Per Common and Common                    
 Equivalent Share                            $(.19)          $(.17)
                                       ===========     ===========

Assuming Full Dilution
Net Loss                               $(1,340,689)    $(1,187,403)
                                       ===========     ===========
                                              
Weighted Average Shares          
 Outstanding                             7,089,101       6,831,250
                                                      
Additional Dilutive Effect of                         
 Stock Options and Warrants                                    
 after Application of Treasury                 
 Stock Method                                    -               -
                                       -----------     -----------
Weighted Average Shares          
 Outstanding                             7,089,101       6,831,250
                                       ===========     ===========
Loss per Common Share Assuming                
 Full Dilution                               $(.19)          $(.17)
                                       ===========     ===========
<PAGE>

                              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.



                          MOSCOM CORPORATION
                                   
                              REGISTRANT
                                   
Date:          _________________________

_____________________________________________
Albert J. Montevecchio
Chairman of the Board and CEO



Date:          _________________________

_____________________________________________
Ronald C. Lundy
Treasurer (Chief Accounting Officer)
<PAGE>