UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                    FORM 10-Q

     [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES
     EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2002, OR

    [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES
                              EXCHANGE ACT OF 1934

                         COMMISSION FILE NUMBER 0-29375

                        SAVVIS COMMUNICATIONS CORPORATION
             (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)



          DELAWARE                                     43-1809960
(STATE OR OTHER JURISDICTION OF             (I.R.S. EMPLOYER IDENTIFICATION NO.)
 INCORPORATION OR ORGANIZATION)

                              12851 WORLDGATE DRIVE
                                HERNDON, VA 20170
               (ADDRESS OF PRINCIPAL EXECUTIVE OFFICE) (ZIP CODE)

                                 (703) 234-8000
              (REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)



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 /_/

       COMMON STOCK, $.01 PAR VALUE - 94,060,602 SHARES AS OF May 1, 2002
   (INDICATE THE NUMBER OF SHARES OUTSTANDING OF EACH OF THE ISSUER'S CLASSES
               OF COMMON STOCK, AS OF THE LATEST PRACTICABLE DATE)

                    The Index of Exhibits appears on page 21.




<PAGE>
                        SAVVIS COMMUNICATIONS CORPORATION

                                TABLE OF CONTENTS





<TABLE>
<CAPTION>

PART I.    FINANCIAL INFORMATION                                                                                 PAGE
                                                                                                            ------------------


ITEM 1. FINANCIAL STATEMENTS -UNAUDITED:
<S>                                                                                                                <C>
        Condensed Consolidated Balance Sheets as of December 31, 2001 and March 31, 2002                           3

        Condensed Consolidated Statements of Operations for the three-months ended March                           5
        31, 2001 and 2002

        Condensed Consolidated Statements of Cash Flows for the three-months ended March                           6
        31, 2001 and 2002

        Condensed Consolidated Statements of Changes in Stockholders' Equity (Deficit) and                         7
        Comprehensive Loss for the period January 1, 2002 to March 31, 2002

        Notes to Condensed Consolidated Financial Statements                                                       8

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS                     13

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK                                                18


PART II.   OTHER INFORMATION


ITEM 1. LEGAL PROCEEDINGS                                                                                         19

ITEM 2. CHANGES IN SECURITIES AND USE OF PROCEEDS                                                                 19

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS                                                       20

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K                                                                          21

SIGNATURES                                                                                                        23

EXHIBITS
</TABLE>






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                                       2
<PAGE>
PART I. FINANCIAL INFORMATION

ITEM 1.   FINANCIAL STATEMENTS-UNAUDITED



                        SAVVIS COMMUNICATIONS CORPORATION
                      CONDENSED CONSOLIDATED BALANCE SHEETS
                 (Dollars in thousands except per share amounts)
                                   (Unaudited)

<TABLE>
<CAPTION>

                                                                                               DECEMBER 31,    MARCH 31,
                                                                                                  2001           2002
                                                                                                ---------      --------
                                         ASSETS
CURRENT ASSETS:
<S>                                                                                             <C>            <C>
Cash and cash equivalents                                                                       $ 14,405       $ 33,235

Trade accounts receivable (including non-Bridge affiliates),  less allowance for doubtful
accounts of $1,125 in 2001 and $1,163 in 2002                                                     14,332         19,292

Accounts receivable from Bridge Information Systems, Inc. ("Bridge")                              12,795            440

Prepaid expenses                                                                                   1,554            731

Other current assets                                                                               2,919          2,069
                                                                                                --------       --------
TOTAL CURRENT ASSETS                                                                              46,005         55,767

Property and Equipment- Net                                                                      193,282        177,274

Goodwill and Intangible Assets-Net of accumulated amortization of $35,695 in 2001                  2,772             --

Restricted Cash                                                                                    4,062          4,081

Other Non-Current Assets                                                                           9,519         10,992
                                                                                                --------       --------
TOTAL ASSETS                                                                                    $255,640       $248,114
                                                                                                ========       ========

                     LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

CURRENT LIABILITIES:

Accounts payable                                                                                $ 80,447       $ 55,058

Accrued compensation payable                                                                       7,045          6,086

Due to Bridge Information Systems, Inc.                                                           23,326             --

Deferred revenue - current                                                                        12,145          6,203

Notes payable - current                                                                           86,572          1,306

Convertible senior secured notes - current                                                        60,112             --

Current portion of capital lease obligations                                                      45,800          6,614

Other accrued liabilities                                                                         33,451         27,440

                                                                                                --------       --------
TOTAL CURRENT LIABILITIES                                                                       $348,898       $102,707
                                                                                                --------       --------
</TABLE>

The accompanying notes are an integral part of these condensed consolidated
financial statements.

-------------------------------------------------------------------------------
                                       3
<PAGE>
                        SAVVIS COMMUNICATIONS CORPORATION
                Condensed CONSOLIDATED BALANCE SHEETS - CONTINUED
                 (Dollars in thousands except per share amounts)
                                   (Unaudited)



<TABLE>
<CAPTION>


                                                                                          DECEMBER 31,      MARCH 31,
                                                                                             2001            2002
                                                                                          ----------       ---------

               NON CURRENT LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

<S>                                                                                      <C>              <C>
Capital Lease Obligations, Less Current                                                  $   19,975       $   58,030

Notes Payable - Non Current                                                                  23,719           23,719

Deferred Revenue - Non Current                                                                6,865            6,674

Other Accrued Liabilities                                                                    12,769           13,638
                                                                                          ---------        ---------
TOTAL LIABILITIES                                                                           412,226          204,768
                                                                                          ---------        ---------

COMMITMENTS AND CONTINGENCIES (NOTE 6)

                        STOCKHOLDERS' EQUITY (DEFICIT):

Convertible Preferred stock; 210,000 shares authorized, 158,070 issued and
outstanding (Note 3)                                                                             --          156,651

Common stock; $.01 par value, 250,000,000 shares authorized, 93,957,229 and
94,022,383 shares issued in 2001 and 2002, respectively, 93,918,353 and
93,986,507 shares outstanding in 2001 and 2002, respectively                                    940              940

Additional paid-in capital                                                                  356,443          368,423

Accumulated deficit                                                                        (492,364)        (460,198)

Deferred compensation                                                                       (21,122)         (21,050)


Treasury stock, at cost, 38,876 and 35,876 shares in 2001 and 2002, respectively                (19)             (18)

Accumulated other comprehensive loss:


Cumulative foreign currency translation adjustment                                             (464)          (1,402)
                                                                                          ---------        ---------
Total Stockholders' Equity (deficit)                                                       (156,586)          43,346
                                                                                          ---------        ---------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)                                      $ 255,640        $ 248,114
                                                                                          =========        =========

</TABLE>

The accompanying notes are an integral part of these condensed consolidated
financial statements.

-------------------------------------------------------------------------------
                                       4



<PAGE>


                        SAVVIS COMMUNICATIONS CORPORATION
                 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                (Dollars in thousands, except per share amounts)
                                   (Unaudited)


<TABLE>
<CAPTION>

                                                                                                             THREE MONTHS ENDED
                                                                                                                 MARCH 31,
                                                                                                           2001             2002
                                                                                                        ------------    ------------
REVENUES:
<S>                                                                                                     <C>             <C>
Managed IP                                                                                              $     48,167    $    51,198
Managed Hosting                                                                                                2,033          5,105
Internet Access                                                                                                8,860          4,957
Other                                                                                                            684            920
                                                                                                        ------------    ------------


TOTAL REVENUES (Including $46,727 and $27,453 from affiliates in 2001 and 2002, respectively)                 59,744         62,180
                                                                                                        ------------    ------------

DIRECT COSTS AND OPERATING EXPENSES:

Data communications and operations (excluding $0.5 million and $0.4 million of equity-based compensation
in the three months ended in March 31, 2001 and 2002, respectively)                                           67,096         45,095

Sales and marketing (excluding $1.4 million and $1.2 million of equity-based compensation in the three
months ended March 31, 2001 and 2002, respectively)                                                           10,695          9,225

General and administrative (excluding $1.3 million and $1.1 million of equity-based compensation in the
three months ended March 31, 2001 and 2002, respectively)                                                      8,313          6,697

Depreciation and amortization                                                                                 22,122         16,449
Asset impairment & other write-downs of assets                                                                    --          1,000
Non-cash equity-based compensation                                                                             3,240          2,674
                                                                                                        ------------    ------------

Total direct costs and operating expenses                                                                    111,466         81,140
                                                                                                        ------------    ------------

LOSS FROM OPERATIONS                                                                                         (51,722)       (18,960)
                                                                                                        ------------    ------------

NONOPERATING INCOME (EXPENSE):

Interest income                                                                                                  411            78
Interest expense                                                                                              (5,142)       (4,805)
                                                                                                        ------------    ------------
Total nonoperating income (expense)                                                                           (4,731)       (4,727)
                                                                                                        ------------    ------------

LOSS BEFORE EXTRAORDINARY GAIN AND CUMULATIVE EFFECT OF CHANGE IN ACCOUNTING PRINCIPLE                       (56,453)      (23,687)
                                                                                                        ------------    ------------

Extraordinary gain                                                                                                --        58,625
                                                                                                        ------------    ------------
(LOSS) INCOME BEFORE CUMULATIVE EFFECT OF CHANGE IN ACCOUNTING PRINCIPLE                                     (56,453)       34,938
                                                                                                        ------------    ------------
Cumulative effect of change in accounting principle                                                               --        (2,772)
                                                                                                        ------------    ------------
NET (LOSS) INCOME                                                                                            (56,453)       32,166
Accreted and deemed dividend on preferred stock                                                                   --       (53,633)
                                                                                                        ------------    ------------
LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS                                                                $    (56,453)   $  (21,467)
                                                                                                        ============    ============

BASIC AND DILUTED LOSS PER SHARE BEFORE EXTRAORDINARY GAIN AND CUMULATIVE EFFECT OF CHANGE IN
ACCOUNTING PRINCIPLE                                                                                    $      (0.62)   $    (0.83)
Extraordinary gain                                                                                                --          0.63
Cumulative effect of change in accounting principle                                                               --         (0.03)
                                                                                                        ------------    ------------
BASIC AND DILUTED LOSS PER COMMON SHARE                                                                 $      (0.62)   $    (0.23)
                                                                                                        ============    ============
WEIGHTED AVERAGE SHARES OUTSTANDING                                                                       90,898,126    93,386,548
                                                                                                        ============    ============
</TABLE>



The accompanying notes are an integral part of these condensed consolidated
financial statements.

--------------------------------------------------------------------------------
                                       5

<PAGE>
                        SAVVIS COMMUNICATIONS CORPORATION
                 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                             (Dollars in Thousands)
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                                      THREE MONTHS ENDED
                                                                           MARCH 31,
                                                                     2001            2002
                                                                   ---------       ---------
OPERATING ACTIVITIES:
<S>                                                                <C>             <C>
NET (LOSS)/INCOME                                                  $(56,453)       $ 32,166
Reconciliation of net (loss)/income to net cash used in
operating activities:
Extraordinary gain                                                       --         (58,625)
Asset impairment & other write-downs of assets                           --           1,000
Cumulative effect of change in accounting principle                      --           2,772
Accrued interest                                                         --           2,965
Depreciation and amortization                                        22,122          16,449
Stock compensation expense                                            3,240           2,674
Net changes in operating assets and liabilities:
Accounts receivable                                                 (17,405)        (15,901)
Other current assets                                                   (794)            849
Other assets                                                           (767)          1,051
Prepaid expenses                                                       (585)            824
Accounts payable                                                     21,768         (12,458)
Deferred revenue                                                        595          (6,133)
Accrued compensation payable and other accrued liabilities            7,130           2,627
                                                                   --------        --------
             Net cash used in operating activities                  (21,149)        (29,740)
                                                                   --------        --------
INVESTING ACTIVITIES:

Capital expenditures                                                (14,560)           (654)
                                                                   --------        --------
             Net cash used in investing activities                  (14,560)           (654)
                                                                   --------        --------

FINANCING ACTIVITIES:

Exercise of stock options                                                25              33
Proceeds from convertible senior secured notes                       19,767              --
Issuance of preferred stock, net of issue costs                          --          55,374
Principal payments under capital lease obligations                   (4,410)         (5,143)
Funding of letters of credit (restricted cash)                          (80)            (19)
                                                                   --------        --------
           Net cash provided by financing activities                 15,302          50,245
                                                                   --------        --------
Effect of exchange rate changes on cash and cash equivalents           (483)         (1,021)

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS                (20,890)         18,830
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD                       32,262          14,405
                                                                   --------        --------
CASH AND CASH EQUIVALENTS, END OF PERIOD                           $ 11,372        $ 33,235
                                                                   ========        ========
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
NON-CASH INVESTING AND FINANCING ACTIVITIES:
Debt incurred in equipment acquisition                             $  6,755        $     --
Issuance of warrants                                                     --          10,053
Capital expenditures accrued and unpaid                               2,056           1,063
Netting of amounts due to against amounts due from Bridge
Information Systems, Inc.                                            19,365              --
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid for interest                                             $  2,419        $  1,682

</TABLE>

The accompanying notes are an integral part of these condensed consolidated
financial statements.

--------------------------------------------------------------------------------
                                       6
<PAGE>

                        SAVVIS COMMUNICAITONS CORPORATION
  CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIT)
                             AND COMPREHENSIVE LOSS
                             (Dollars in thousands)
                                   (Unaudited)



<TABLE>
<CAPTION>

                                                                            NUMBER OF SHARES
                                                                            ----------------
                                                                                                             PREFERRED
                                                                     COMMON STOCK       TREASURY STOCK         STOCK
                                                                   ------------------- ------------------- ---------------
          <S>                                                         <C>                 <C>              <C>
          BALANCE, January 1, 2002
                                                                      93,957,229          (38,876)                  --

          Issuance of preferred stock                                        --                --              158,070

          Treasury shares                                                 (3,000)           3,000                   --

          Issuance  of  common  stock  upon  exercise  of  stock
          options                                                         68,154               --                   --
                                                                     -----------      -----------          -----------

          BALANCE, March 31, 2002                                     94,022,383          (35,876)             158,070
                                                                     ===========      ===========          ===========

</TABLE>



                                                      AMOUNTS

<TABLE>
<CAPTION>

                                                                      Accumulated
                                                                      Other
                                                                      Comprehensive
                                                          Additional  Loss:
                                 Preferred    Common      Paid-In     Cumulative    Deferred     Accumulated  Treasury
                                 Stock        Stock       Capital     Translation   Compensation Deficit      Stock       Total
                                                                      Adjustment
<S>                              <C>          <C>         <C>         <C>           <C>          <C>          <C>        <C>
BALANCE, January 1, 2002         $      --    $     940   $ 356,443   $    (464)    $(21,122)    $(492,364)   $   (19)    $(156,586)

Net Income (Loss)                                    --          --          --           --        32,166         --        32,166

Foreign currency translation
adjustment                                           --          --        (938)          --            --         --          (938)

Comprehensive loss                                                                                                           31,228

Issuance of preferred stock        155,944                                                                                  155,944
Proceeds of preferred stock        (52,926)                  52,926
issuance allocated to beneficial
conversion feature
Deemed dividends on preferred       53,633                  (53,633)
stock

Issuance of common stock upon
exercise of stock options                                        33          --           --             --         --           33

Issuance of treasury shares                                      (1)                                                 1           --
Issuance of warrants                                         10,053                                                          10,053

Recognition of deferred
compensation cost                                    --       2,602          --           72             --         --        2,674
                               ------------   ---------- -----------  ------------ -----------   -----------  ----------  ----------
BALANCE, March 31, 2002          $ 156,651    $     940   $ 368,423   $  (1,402)    $(21,050)    $ (460,198)  $    (18)   $  43,346
                               ============   ========== ===========  ============ ===========   ===========  ==========  ==========

</TABLE>

The accompanying notes are an integral part of these condensed consolidated
financial statements.

-------------------------------------------------------------------------------
                                       7
<PAGE>
                        SAVVIS COMMUNICATIONS CORPORATION
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
            (Tabular dollars in thousands, except per share amounts)
                                   (Unaudited)

NOTE 1 - BASIS OF PRESENTATION

These unaudited condensed consolidated financial statements have been prepared
under the rules and regulations of the Securities and Exchange Commission on a
basis substantially consistent with the audited consolidated financial
statements of SAVVIS Communications Corporation and its subsidiaries
(collectively, "SAVVIS" or the "Company") as of and for the year ended December
31, 2001 included in the Company's Annual Report on Form 10-K (the "Annual
Report") as filed with the Securities and Exchange Commission. These financial
statements should be read in conjunction with the audited consolidated financial
statements and the related notes to the consolidated financial statements of the
Company included in the Annual Report. In the opinion of management, the
accompanying condensed consolidated financial statements contain all adjustments
(consisting of normal recurring adjustments), which management considers
necessary to present fairly the condensed consolidated financial position of the
Company at March 31, 2002 and the results of its operations and cash flows for
the three month period ended March 31, 2002. See Note 3. The results of
operations for the three month period ended March 31, 2002 may not be indicative
of the results expected for any succeeding quarter or for the entire year ending
December 31, 2002.

REVENUE RECOGNITION - Service revenues consist primarily of Managed IP networks,
Managed Hosting and Internet access service fees, which are fixed monthly
amounts, and are recognized in the financial statements when earned during the
life of the contract. For all periods, any services billed and payments received
in advance of providing services are deferred until the period such services are
earned. In December 1999, the Securities and Exchange Commission issued Staff
Accounting Bulletin No. 101("SAB 101"), "Revenue Recognition in Financial
Statements", which provides guidance on the recognition, presentation and
disclosure of revenue in financial statements. Installation and equipment costs
deferred in accordance with SAB 101 are recorded on the balance sheet in other
assets. Such costs are recognized on a straightline basis over periods of up to
24 months, the estimated period over which the related revenues from
installation and equipment sales are recognized.

USE OF ESTIMATES - The preparation of financial statements in conformity with
accounting principles generally accepted in the United States of America
requires management to make estimates and assumptions that affect the amounts
reported in the consolidated financial statements and accompanying notes. Actual
results could differ from those estimates.

NEW ACCOUNTING STANDARDS - In June 2001, the FASB issued SFAS No. 142, "Goodwill
and Other Intangible Assets." The provisions of this statement are required to
be applied starting with fiscal years beginning after December 15, 2001. This
statement is required to be applied at the beginning of an entity's fiscal year
and to be applied to all goodwill and other intangible assets recognized in its
financial statements at that date. SFAS No. 142 addresses how intangible assets
should be accounted for in financial statements upon their acquisition. This
statement also addresses how goodwill and other intangible assets should be
accounted for after they have been initially recognized in the financial
statements. The statement requires that goodwill and certain other intangibles
with an indefinite life, as defined in the standard, no longer be amortized.
However, goodwill and intangibles would have to be assessed each year to
determine whether an impairment loss has occurred. Any impairments recognized
upon adoption would be recorded as a change in accounting principle. Future
impairments would be recorded in income from continuing operations. The
statement provides specific guidance for testing goodwill for impairment. As a
result of the adoption of SFAS No. 142, the Company recognized a $2.8 million
charge in the three months ended March 31, 2002.

In August 2001, FASB issued SFAS No. 144, "Accounting for the Impairment or
Disposal of Long-Lived Assets" which requires that one accounting model be used
for the long-lived assets to be disposed of by sale, whether previously held and
used or newly acquired. It also broadens the presentation of discontinued
operations to include more disposal transactions. The adoption of SFAS No. 144
on January 1, 2002 did not have a material impact on our financial position or
results of operations.

NOTE 2.   RELATED PARTY TRANSACTIONS

At December 31, 2001, the Company had amounts payable to BIS Administration,
Inc., the successor to Bridge Information Systems, Inc. or Bridge of
approximately $23 million consisting of a note payable and accrued interest on
the note. In addition, at December 31, 2001, the Company had amounts receivable
from Bridge of approximately $12.8 million, relating to network services
provided by us to Bridge. As described in Note 3, the Company entered into a
series of agreements that resolved substantially all of the outstanding
balances, both due to and due from Bridge (see Note 3).

--------------------------------------------------------------------------------
                                       8
<PAGE>

In March 2002, the Company issued $40.9 million of convertible preferred stock
to Reuters Holdings Switzerland S.A. in satisfaction of all of the outstanding
principal and accrued interest on the Company's 12% convertible senior notes due
(see Note 3).

Revenue from affiliates was as follows:

                                   Three Months Ended March 31,
                                   ----------------------------
                                    2001                 2002
                                   -------              -------
Bridge Information Systems, Inc.   $46,727              $    --
Reuters SA                              --               27,453
                                   -------              -------
Total                              $46,727              $27,453
                                   =======              =======

NOTE 3 - SIGNIFICANT TRANSACTIONS

In March 2002, the Company issued $158.1 million of convertible preferred stock
(the "Preferred"). Preferred totaling $117.2 million was issued to entities and
individuals affiliated with Welsh, Carson, Anderson and Stowe, or Welsh Carson
and its affiliates in exchange for $57.5 million in cash, satisfaction of all of
the outstanding principal and accrued interest on the Company's 10% convertible
senior notes totaling $22.2 million, and satisfaction of all of the principal
and interest owed in respect of notes issued pursuant to the Credit Agreement
with Nortel Networks, Inc., or Nortel totaling $90.9 million. Preferred totaling
$40.9 million was also issued to Reuters Holdings Switzerland S.A. in
satisfaction of all of the outstanding principal and accrued interest on the
Company's 12% convertible senior notes totaling $40.9 million. The Company
incurred $2.1 million in offering costs related to the issuance of 158,070
shares of the Preferred which is recorded net of proceeds.

The Preferred accrues dividends at the rate of 11.5% per annum on the
outstanding accreted value thereof (initially $1,000 per share). Dividends may
not be paid in cash until after the eighth anniversary of the original issuance
date. Accrued but unpaid dividends will be added to the outstanding accreted
value quarterly. As of March 31, 2002, the Company incurred accrued dividends of
$0.7 million related to the Preferred. The Preferred is convertible into such
number of our common stock equal to the outstanding accreted value divided by
the conversion price. The Preferred was initially convertible into 210.8 million
shares of common stock, at a conversion price of $0.75 per common share. The
Preferred is entitled to vote on all matters (other than any voluntary
repurchase of the Preferred) submitted to the common stockholders on an
as-if-converted basis and represented approximately 69% of the voting stock of
the Company as of May 1, 2002. The conversion price of $0.75 was set a few days
before the commitment date for the Preferred. On the commitment date, the
closing price of the Company's common stock was $1.00. Accordingly, the Company
recorded a non-cash beneficial conversion feature of $52.7 million, representing
the $0.25 per share intrinsic value of that feature, as a return to the
Preferred shareholders in March 2002. The Company also recorded a non-cash
beneficial conversion feature of $0.2 million related to accrued dividends for
the period ended March 31, 2002.

In March 2002, the Company also entered into a $56.5 million amended and
restated master lease agreement with General Electric Capital Corporation, or
GECC. The amended lease carries a 12% interest rate, which accrues through
December 31, 2004, and is payable in cash thereafter. The principal amount of
the amended lease is due on March 8, 2007. The amended lease calls for excess
cash flow, as defined, to be used first for the payment of any accrued and
unpaid interest and second for the prepayment of principal on the capital
leases. The amended lease places limits on the level of capital expenditures
that can be made by the Company and restricts the payment of dividends. In
connection with this transaction, the Company also issued five year warrants to
purchase approximately 9.6 million shares of its common stock at $0.75 per
share.

In February 2002, the Company entered into an agreement with Bridge wherein the
Company agreed to pay Bridge $11.9 million in satisfaction of $27.5 million
representing all amounts due to Bridge. The Company also agreed not to pursue
the collection of $18.7 million of pre-petition receivables owed to it by Bridge
and to assign to Bridge any claims it had against other Bridge entities with the
exception of Bridge Canada where the Company retained its right to receive a pro
rata distribution of assets from the liquidation of Bridge Canada. All amounts
due under the settlement agreement were paid in March 2002.

In March 2002, the Company entered into agreements with three of its vendors to
settle certain obligations of the Company as follows: amended its Global
Purchase Agreement with Nortel releasing the Company from its obligation to
purchase optical equipment; entered into an agreement with a communications
services vendor providing for the payment of $2.5 million over 18 months, the
lease of communications capacity and the release of the Company from its
obligations under the IRU agreements entered into in August 2000 so long as the
Company is not in default under the communications capacity agreement; and
satisfied all of its outstanding obligations to a vendor for a cash payment of
$10.0 million. In connection with these vendor transactions, the Company also
issued five year warrants to purchase approximately 6.4 million shares of its
common stock at $0.75 per share.

--------------------------------------------------------------------------------
                                       9
<PAGE>

As a result of these transactions the Company recorded an extraordinary net gain
of $58.6 million in the first quarter of 2002.




NOTE 4 - PROPERTY, PLANT AND EQUIPMENT

<TABLE>
<CAPTION>

                                                 December 31, 2001  March 31, 2002
                                                 -----------------  --------------
<S>                                                <C>                <C>
Communications equipment                            $ 139,877         $ 140,093
Data centers                                           59,618            59,558
Construction in progress                               10,365            10,364
Equipment under capital leases                         95,872            95,874
Other                                                  11,631            11,771
                                                    ---------         ---------
Total                                                 317,363           317,660
Less accumulated depreciation and amortization       (124,081)         (140,386)
                                                    ---------         ---------
Total                                               $ 193,282         $ 177,282
                                                    =========         =========
</TABLE>


NOTE 5 - ASSET IMPAIRMENT

On March 22, 2002, Yipes Communications, Inc ("Yipes") filed voluntary petition
for reorganization under Chapter 11 of Title 11 of the United States Bankruptcy
Code. As a result of these proceedings, the Company has recorded a $1.0 million
impairment charge related to its investment in Yipes.

NOTE 6 - COMMITMENTS AND CONTINGENCIES

In March 2002, the Company entered into a $56.5 million amended and restated
master lease agreement with GECC. The amended lease carries a 12% interest rate,
which accrues through December 31, 2004, and payable in cash thereafter. The
principal amount of the amended lease is due on March 8, 2007. The amended lease
calls for excess cash flow, as defined, to be used first for the payment of any
accrued and unpaid interest and second for the prepayment of principal on the
capital leases. The amended lease places limits on the level of capital
expenditures that can be made by the Company and restricts the payment of
dividends. In connection with this transaction, the Company also issued five
year warrants to purchase approximately 9.6 million shares of its common stock
at $0.75 per share.

In August 2000, the Company entered into a 20-year agreement with Kiel Center
Partners, L.P. ("KCP") pursuant to which it acquired the naming rights to an
arena in St. Louis, MO. Upon execution of the agreement, total consideration for
these rights amounted to approximately $72 million, including 750,000 shares of
its common stock issued by the Company to KCP. The related expense will be
recognized over the term of the agreement. The parties entered into an
amendment, dated August 21, 2001, of the agreement providing for the payment of
$1.25 million on each December 31, through 2005. These payments will be deducted
from payments otherwise owed under the agreement in 2007 through 2010. As of
March 31, 2002, the Company has recorded approximately $4.2 million of deferred
charges resulting from the issuance of common stock under this agreement.

On June 30, 2000, SAVVIS executed an agreement to acquire approximately $30
million of telecommunications equipment and related services with Winstar
Wireless, Inc. ("Winstar"). Upon execution, the Company took delivery of certain
equipment and paid approximately $5 million to Winstar. Of the remaining $25
million, approximately $16.5 million, included in Notes Payable at March 31,
2002, has been financed by Winstar over six years at 11% interest. Payments
commenced in the third quarter of 2000. The remaining balance of $8.5 million
was recorded in other accrued liabilities, with payments of approximately $2
million due every three months until July 2001. On September 29, 2000, the
Company executed an additional agreement with Winstar to acquire $10.1 million
in telecommunications equipment. This agreement called for a down payment of
$1.5 million, which was paid by SAVVIS in October 2000. The remaining $8.6
million, included in Notes Payable at March 31, 2002, was also financed by
Winstar over six years at 11% interest, with payments due quarterly beginning in
December 2000. As of March 31, 2002, approximately $4 million remains in other
accrued liabilities related to this agreement.

  On April 17, 2001, SAVVIS provided notice to Winstar that a material breach
had occurred under the Master Agreement relating to Winstar's installation of
the wireless equipment components and accordingly, terminated the equipment
purchase and installation agreements. On April 18, 2001, Winstar filed for
bankruptcy under Chapter 11 of the Bankruptcy Code. The Company to date has not
performed all obligations to Winstar, nor has Winstar performed all of its
obligations to the Company. In addition, the Company ceased making payments on
the Winstar notes in March 2001.

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                                       10
<PAGE>

On September 25, 2001, Winstar filed suit in the US Bankruptcy Court for
Delaware seeking a total of approximately $38 million from the Company for the
repayment of the note payable and professional services liabilities, as well as
the refund of $8.5 million of Internet services prepaid by Winstar. In turn, we
have filed proof of claim with the court overseeing the Winstar bankruptcy
proceeding in the amount of approximately $19 million. The court has agreed to
refer the dispute to arbitration. We believe we have substantial defenses to the
suit.

In May 2001, Bridge and SAVVIS executed a ninety-nine year land lease, effective
February 18, 2000 (subsequently acquired by Reuters in connection with the
Reuters Asset Acquisition from Bridge), with monthly rental payments of $27,443
for the first twenty-four months, beginning in December 2000, for the land on
which the St.Louis data center resides. Thereafter, the rent for each subsequent
year is increased at a rate of 2% per annum. In the lease, SAVVIS has the option
to purchase the land from Reuters at the greater of $3 million or at the Fair
Option Value, as defined in the agreement. In addition, Reuters has a put right
option during the first ten years of the lease agreement to require SAVVIS to
purchase the land from Reuters at a price of $3 million in the first year;
reduced by $0.3 million each year thereafter. The put right option can only be
exercised should the data center be damaged, SAVVIS is unwilling to repair the
damage, and SAVVIS is in default under the lease.

We have arrangements with various suppliers of communications services that
require us to maintain minimum spending levels some of which increase over time.
Our aggregate minimum spending level is approximately $59 million, $64 million,
$57 million and $18 million in years 2002 to 2005, respectively. Should SAVVIS
not meet the minimum spending level in any given year, decreasing termination
liabilities representing a percentage of the remaining contracted amount may
immediately become due and payable. Furthermore, certain of these termination
liabilities are subject to reduction should SAVVIS experience the loss of a
major customer or suffer a loss of revenues from a downturn in general economic
activity. Before considering the effects of any reductions for the business
downturn provisions, if SAVVIS were to terminate all of these agreements as of
March 31, 2002, the maximum termination liability would amount to approximately
$149 million.

On April 23, 2002, Cable & Wireless plc filed suit against the Company in the
Circuit Court for Fairfax County, Virginia, for $5.7 million in respect of an
alleged payment default of termination penalties under our communications
services agreement with Cable & Wireless plc.

The Company is subject to various other legal proceedings and other actions
arising in the normal course of its business. While the results of such
proceedings and actions cannot be predicted, management believes, based on the
advice of legal counsel, that the ultimate outcome of such proceedings and
actions will not have a material adverse effect on the Company's financial
position, results of operations or cash flows.

NOTE 7 - INDUSTRY SEGMENT AND GEOGRAPHIC REPORTING

The Company's operations are organized into three geographic operating segments:
Americas, Europe and Asia. The Company evaluates the performance of its segments
and allocates resources to them based on revenue and adjusted EBITDA, which is
defined as the respective consolidated loss before interest, taxes,
depreciation, amortization, non-cash equity-based compensation, asset impairment
and other write-downs of assets, extraordinary gain, change in accounting
principle and restructuring charges. Adjusted EBITDA is not determined in
accordance with accounting principles generally accepted in the United States of
America. Additionally, our calculation of adjusted EBITDA may not be comparable
to similarly titled measures of other companies as other companies may not
calculate it in a similar manner. Financial information for the Company's
geographic segments for the three months ended March 31, 2001 and 2002 is
presented below.


<TABLE>
<CAPTION>

                              Americas        Europe         Asia         Eliminations     Total
                             ---------      ---------      ---------      ------------   ---------
<S>                          <C>            <C>            <C>            <C>            <C>
THREE MONTHS ENDED MARCH
31, 2001
Revenue                      $  50,486      $   5,193      $   4,065      $      --      $  59,744
Adjusted EBITDA                (24,555)        (1,656)          (149)            --        (26,360)
Assets                         386,469         16,029          8,014           (752)       409,760
Capital Additions               13,330             --             --             --         13,330

THREE MONTHS ENDED MARCH
31, 2002
Revenue                      $  54,639      $   5,392      $   2,149      $      --      $  62,180
Adjusted EBITDA                  5,828         (1,198)        (3,467)            --          1,163
Assets                         261,438          5,826          4,250        (23,400)       248,114
Capital Additions                  276             --             22             --            298
</TABLE>


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                                       11
<PAGE>




Adjusted EBITDA for all reportable segments differs from the consolidated loss
before income taxes reported in the condensed consolidated statement of
operations as follows:


                                                     Three Months ended
                                                          March 31,
                                                     2001          2002
                                                   --------      --------
     Adjusted EBITDA                               $(26,360)     $  1,163

     Plus adjustments as follows:

     Depreciation and amortization                  (22,122)      (16,449)

     Interest, net                                   (4,731)       (4,727)

     Non-cash equity-based compensation              (3,240)       (2,674)

     Asset impairment & other write-downs of
     assets                                              --        (1,000)

     Extraordinary gain                                  --        58,625

     Cumulative effect of change in accounting
     principle                                           --        (2,772)

                                                   --------      --------
     Net (loss)/income                             $(56,453)     $ 32,166
                                                   ========      ========




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                                    12
<PAGE>


ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
         OF OPERATIONS

YOU SHOULD READ THE FOLLOWING DISCUSSION IN CONJUNCTION WITH (1) OUR
ACCOMPANYING UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS AND NOTES
THERETO, AND (2) OUR AUDITED CONSOLIDATED FINANCIAL STATEMENTS, NOTES THERETO
AND MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
OPERATIONS AS OF AND FOR THE YEAR ENDED DECEMBER 31, 2001 INCLUDED IN OUR ANNUAL
REPORT ON FORM 10-K FOR SUCH PERIOD AS FILED WITH THE SECURITIES AND EXCHANGE
COMMISSION. THE RESULTS SHOWN HEREIN ARE NOT NECESSARILY INDICATIVE OF THE
RESULTS TO BE EXPECTED IN ANY FUTURE PERIODS. THIS DISCUSSION CONTAINS
FORWARD-LOOKING STATEMENTS (AS SUCH TERM IS DEFINED IN THE PRIVATE SECURITIES
LITIGATION REFORM ACT OF 1995) BASED ON CURRENT EXPECTATIONS WHICH INVOLVE RISKS
AND UNCERTAINTIES. ACTUAL RESULTS AND THE TIMING OF EVENTS COULD DIFFER
MATERIALLY FROM THE FORWARD-LOOKING STATEMENTS AS A RESULT OF A NUMBER OF
FACTORS. FOR A DISCUSSION OF THE MATERIAL FACTORS THAT COULD CAUSE ACTUAL
RESULTS TO DIFFER MATERIALLY FROM THE FORWARD-LOOKING STATEMENTS, YOU SHOULD
READ "RISK FACTORS" INCLUDED IN PART I, ITEM 1 OF OUR 2001 ANNUAL REPORT ON FORM
10-K.

GENERAL

SAVVIS is a growing provider of high quality, high performance IP VPN, Managed
Hosting and Internet related services to medium and large businesses,
multinational corporations and Internet service providers. To provide our
Internet access services, we use the SAVVIS Intelligent IP NetworkSM, a data
communications network that uses our twelve PrivateNAPsSM and our proprietary
routing policies to reduce data loss and enhance performance by avoiding the
congested public access points on the Internet.

SAVVIS began commercial operations in 1996, offering Internet access services to
local and regional Internet service providers. Our customer base has grown from
15 customers at the end of 1996 to approximately 1,500 at March 31, 2002.

Reuters and Moneyline Telerate Agreements

On September 28, 2001 affiliates of Reuters acquired a portion of the assets of
Bridge. In connection with the asset acquisition, on September 28, 2001, Reuters
entered into a network services agreement with us, pursuant to which we agreed
to provide internet protocol network services, internet access, and colocation
services for a period of five years with respect to the customers of Bridge that
were acquired by affiliates of Reuters. The network services agreement calls for
a minimum purchase of these services of $96 million in year one, $90 million in
year two, $84 million in year three and $48 million in each of years four and
five, for a total of $366 million, less payments made by Bridge to us for
services provided to customers acquired by Reuters between May 3, 2001 and
September 28, 2001. The network services agreement also provides that our
network must perform in accordance with specific quality of service standards.
In the event we do not meet the required quality of service levels, Reuters
would be entitled to credits, and, in the event of a material breach of such
quality of service levels, Reuters would be entitled to terminate the network
services agreement. As a result of the network services agreement, Reuters is
our largest customer. In connection with the network services agreement, we also
entered into a transitional services agreement with Reuters, pursuant to which
Reuters has agreed to provide us with technical, administrative and other
services, including help desk support, installation, maintenance and repair of
equipment, customer related services such as processing service orders,
accounting functions and the provision of warehousing and other facilities,
pending us establishing our own capabilities. On September 28, 2001, we also
entered into a colocation agreement with Reuters, pursuant to which we granted
Reuters the right to use portions of our data center in Missouri. The
colocation agreement has an initial term of five years and may be renewed by
Reuters, at its option, for additional one-year periods. However, the agreement
will terminate concurrently with the network services agreement.

In connection with its purchase of assets from Bridge in October 2001, Moneyline
Telerate entered into a binding letter of intent to enter into a network
services agreement with SAVVIS. The letter of intent requires Moneyline Telerate
to buy a total of $200 million of services according to the following minimum
spending levels: $70 million in year one, $50 million in year two, $35 million
in year three, $25 million in year four, and $20 million in year five.

In addition, Reuters and Moneyline Telerate agreed to provide technical and
administrative services to SAVVIS for a period of up to one year. The Company is
currently engaged in transition plans to perform these services and will incur
additional costs in doing so.

Transactions with Bridge

In connection with Bridge's acquisition of the Company in April 1999, Bridge
funded the Company's operations during 1999 and up through February 18, 2000,
the date of SAVVIS' initial public offering. In February 2000, we entered into
several agreements with Bridge, related to the acquisition of its IP network
assets, the provision of network services to Bridge and the provision of
technical and

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                                       13
<PAGE>

administrative support services to SAVVIS. As a result, Bridge was our largest
customer, accounting for approximately 81% and 55% of revenues, in 2000 and
2001, respectively.

In February 2002, the Company entered into an agreement with Bridge wherein the
Company agreed to pay Bridge $11.9 million in satisfaction of $27.5 million
representing all amounts due to Bridge. The Company also agreed not to pursue
the collection of $18.7 million of pre-petition receivables owed to it by Bridge
and to assign to Bridge any claims it had against other Bridge entities with the
exception of Bridge Canada where the Company retained its right to receive a pro
rata distribution of assets from the liquidation of Bridge Canada. All amounts
due under the settlement agreement were paid in March 2002.

Transactions with Welsh Carson and Reuters

On March 18, 2002 we issued approximately $158.1 million of our Series A
convertible preferred (the "Preferred") stock to Welsh Carson and Reuters in
exchange for $57.5 million in cash and all of the outstanding principal of and
accrued interest on our 10% and 12% convertible senior notes and the notes
payable originally issued pursuant to our credit agreement with Nortel Networks.
The Series A preferred stock will accrue dividends at the rate of 11.5% per
annum on the outstanding accreted value thereof (initially $1,000 per share)
through the eighth anniversary of the issuance of the Preferred. Thereafter,
dividends will be payable in cash or in kind at the option of the Company.
Accrued but unpaid dividends will be added to the outstanding accreted value
quarterly. The Series A preferred stock is convertible into such number of our
common stock equal to the outstanding accreted value divided by the conversion
price. The Preferred is initially convertible into approximately 211 million
shares of our common stock at a conversion price of $0.75 per share. In
connection with this transaction we granted the holders registration rights with
respect to the shares of our common stock issuable upon conversion of the
Preferred, including demand registration rights and piggy back registration
rights.

On February 16, 2001, we entered into a securities purchase agreement and
related agreements and documents with two investment entities and several
individuals affiliated with Welsh Carson. Pursuant to the terms of the
securities purchase agreement, the entities and individuals affiliated with
Welsh Carson purchased $20.0 million aggregate principal amount of our 10%
convertible senior secured notes due 2006. All of the outstanding principal and
accrued interest on these notes were exchanged for the Preferred on March 18,
2002.

On May 16, 2001, we entered into a securities purchase agreement and certain
related agreements and documents with Reuters Holdings Switzerland SA, or
Reuters, a societe anonyme organized under the laws of Switzerland. Pursuant to
the terms of the securities purchase agreement, Reuters purchased $37.5 million
aggregate principal amount of our 12% convertible senior secured notes due 2005.
All of the outstanding principal and accrued interest on these notes were
exchanged for the Preferred on March 18, 2002.

On May 16, 2001, we also granted Reuters and its successors, assigns and
affiliates the right, for so long as they hold any of our notes or preferred
stock or common stock comprising or convertible into at least 5% of our
outstanding voting stock, among other things, to (1) designate an observer to
attend all meetings of our board of directors or any board committees, and (2)
to nominate and elect such number of directors, but not fewer than one, equal to
the product of the percentage of the voting power held by Reuters on a
fully-diluted, as-converted basis, multiplied by the number of seats on the
registrant's board of directors (rounded down to the nearest whole number). In
accordance with the terms of this letter, Reuters has appointed an observer to
attend all meetings of our board of directors and committee meetings.

RESULTS OF OPERATIONS

The historical financial information included in this Form 10-Q does not reflect
our future results of operations, financial position and cash flows.

THREE MONTHS ENDED MARCH 31, 2002 AS COMPARED TO THE THREE MONTHS ENDED
MARCH 31, 2001

Revenue

Revenue was $62.2 million for the three-months ended March 31, 2002, an increase
of $ 2.4 million or 4%, from $59.7 million for the three-months ended March 31,
2001. Managed IP revenues increased 6% to $51.2 million compared to $48.2
million in the same period in 2001. Services provided to Reuters and Moneyline
declined 5% to $43.4 million versus $45.6 million of services provided to Bridge
in the prior period. The decline resulted from the elimination of excess
circuits by Bridge prior to the sale of its assets, the termination of some
service locations by Reuters and Moneyline in connection with their integration
of the Bridge acquisition and the general downturn in the financial services
industry. Managed IP services provided to other customers increased 289% to $7.8
million in the quarter as we added 348 new managed IP customers. Managed Hosting
revenue was $5.1 million, a $3.1 million or 151% increase over the first quarter
of 2001. The increase in Managed Hosting revenue is

--------------------------------------------------------------------------------
                                       14
<PAGE>

attributable to the addition of new customers following the launch of this
product in late 2000, approximately $1.9 million related to colocation charges
for Reuters and Moneyline from the fourth quarter and an increase in colocation
charges billed to Reuters and Moneyline over previous billings to Bridge.
Internet access revenues decreased 44% to $5.0 million in the first quarter of
2002, compared to $8.9 million for the comparable period in 2001. The decrease
in Internet access revenue was due to the economic downturn affecting the
Internet sector which resulted in the loss of customers, pricing pressure in the
Internet access business and the Company's continued initiatives designed to
encourage customers to purchase access services as part of their managed network
service. Other revenues, consisting of installation and equipment sales,
increased from $0.7 million in 2001 to $0.9 million for the first quarter of
2002.

Data Communications and Operations

Data communications and operations expenses consist primarily of leased long
distance and local circuit costs, internet connectivity costs, leased hosting
and colocation space, as well as related operating expenses such as repairs and
maintenance associated with network operations, operating leases for network
equipment, customer support and field service, and engineering personnel costs.
Data communications and operations expenses were $45.1 million for the quarter
ended March 31, 2002; a decrease of $22.0 million from $67.1 million for the
quarter ended March 31, 2001. The 33% decline in data communications costs is a
result of significant unit price reductions for long-haul capacity, reductions
in internet connectivity capacity and unit prices resulting from the adverse
operating conditions in that sector and reductions in local circuit costs
resulting from the elimination of excess circuits in the Bridge network,
reductions in connections with Reuters and Moneyline as they integrate the
acquisitions of the Bridge assets in to their operations and unit price
reductions from vendors.

Sales and Marketing

Sales and marketing expenses consist of personnel and related sales commission
costs, advertising and direct marketing, and travel. Sales and marketing
expenses were $9.2 million for the three-months ended March 31, 2002, down 14%
or $1.5 million as compared to the first quarter of 2001. This change is
principally attributed to a decrease in advertising and direct marketing in the
first three months of 2002.

General and Administrative

General and administrative expenses consist primarily of compensation and
occupancy costs for executive, financial, legal, tax and support personnel,
travel, and bad debt costs. General and administrative expenses amounted to $6.7
million for the three-months ended March 31, 2002 and $8.3 million for the
three-months ended March 31, 2001, a decrease of $1.6 million or 19%. This
change resulted primarily from decreased bad debt expense of $0.7 million, a
reduction of salary and related costs of $0.3 million and a decline in
professional services fees of $0.2 million for the three months ended March 31,
2002 compared to the first quarter of 2001.

Non-cash Equity-based Compensation

Non-cash equity-based compensation expense was $2.7 million for the three-months
ended March 31, 2002, a decrease of $0.5 million from the three-months ended
March 31, 2001. These expenses represent the amortization charge to earnings for
the difference between the imputed fair market value of our common stock and the
exercise price for options granted to employees and non-employee members of our
Board of Directors on various dates in early 2000 and late 1999, as well as
options granted to employees on March 6, 2002.

Depreciation and Amortization

Depreciation and amortization expense was $16.4 million for the three-months
ended March 31, 2002, a decrease of $5.7 million from the three-months ended
March 31, 2001. This change is a result of a decrease in amortization expense of
$2.8 million related to a change in accounting principle for goodwill and
certain assets related to the network being fully depreciated during the period
ended March 31, 2002.

Interest

Interest income amounted to $0.1 million in the quarter ended March 31, 2002, a
decrease of $0.3 million from the three-months ended March 31, 2001 due to a
reduction of our cash balances. Interest expense for the quarter-ended March 31,
2002 amounted to $4.8 million, a decrease of $0.3 million from the comparable
period in 2001.

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                                       15
<PAGE>

Net Income/Loss

The net loss for the three months ended March 31, 2002 was $21.5 million, or
($0.23) basic and fully diluted income per share, a decrease of $35.0 million
from the net loss for the three-months ended March 31, 2001 of $56.5 million, or
($0.62) per share. The primary reasons for the decrease in net loss are:

     o    Increase in total revenue of $2.4 million.

     o    Decrease in direct costs and operating expenses of $30.3 million.

     o    Cumulative effect of change in accounting principle of $2.8 million.

     o    Asset impairment of $1.0 million related to an equity investment.

     o    Extraordinary gain of $58.6 million related to the extinguishment of
          debt.


LIQUIDITY AND CAPITAL RESOURCES

On March 18, 2002, the Company issued approximately $158.1 million of preferred
stock to (i) entities and affiliates of Welsh Carson in exchange for
approximately $57.5 million in cash, approximately $22.2 million in principal
and accrued interest in respect to our 10% convertible senior secured notes and
approximately $90.9 million in notes, and accrued interest, issued pursuant to
the credit agreement with Nortel Networks and (ii) Reuters upon conversion of
approximately $40.9 million in principal and accrued interest in respect to the
12% convertible senior secured notes. The terms of the preferred stock are more
fully described in Note 3 of the financial statements.

In addition, the Company reached agreements with GECC, Nortel, Bridge and
certain other vendors as follows:

Approximately $56.5 million of capital lease obligations were amended with GECC.
The amended lease provides for repayment at the end of the fifth year, 12%
interest payable in cash or in kind, at the Company's option, for the first
three years and an excess cash sweep provision.

Release by Nortel from all obligations to purchase optical equipment under the
Global Purchase Agreement.

The Company entered into an agreement with Bridge wherein the Company agreed to
pay Bridge $11.9 million in satisfaction of $27.5 million representing all
amounts due to Bridge. The Company also agreed not to pursue the collection of
$18.7 million of pre-petition receivables owed to it by Bridge and to assign to
Bridge any claims it had against other Bridge entities with the exception of
Bridge Canada where the Company retained its right to receive a pro rata
distribution of assets from the liquidation of Bridge Canada.

A release by a certain vendor from all obligations under the agreements in
exchange for $2.5 million paid in installments over 18 months and other
commercial arrangements.

In connection with the transactions, the Company also issued five-year warrants
to purchase 16.1 million shares of its common stock at $0.75 per share.

The balance of the proceeds $57.5 million from the issuance of the Preferred
will be used for working capital and general corporate purposes.

As a result of the transactions discussed in Note 3 of the consolidated
financial statements, the Company's financial position changed significantly
including a reduction of debt by $171.7 million, a reduction of payables by
$32.3 million and an increase in cash position by $18.8 million. Additionally,
the Company recognized an extraordinary gain of approximately $58.6 million
related to the extinguishment of debt and a non-cash beneficial conversion
feature of $52.7 million, representing the $0.25 per share intrinsic value of
that feature, as a return to the Preferred shareholders in March 2002. The
Company also recorded accrued dividends of $0.2 million related to the
beneficial conversion feature for the period ending March 31, 2002.

Negative cash flow from operations increased to $29.7 million for the three
months ended March 31, 2002 from $21.1 million in 2001.

Net cash used in investing activities for the three months ended March 31, 2002
was approximately $0.7 million, which reflects the purchase of the property and
equipment not financed.

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                                       16
<PAGE>

In connection with our purchase of the global Internet protocol network assets
from Bridge, we also entered into a network services agreement under which we
provided Bridge with managed data networking services. Because the amounts paid
to us under the network services agreement for the services provided over the
original network acquired from Bridge are based upon the cash cost to operate
the original network, the provision of such services did not have an impact on
our cash flows from operations. However, due to amortization and depreciation
relating to the network, the provision of services under the network services
agreement resulted in our incurring losses from operations. The effects of such
operating losses increased our accumulated deficit and reduced our stockholders'
equity. As of October 2001, this agreement has been replaced by the Reuters
Network Services Agreement and the MoneyLine Telerate amended letter of intent.

On June 30, 2000, SAVVIS executed an agreement to acquire approximately $30
million of telecommunications equipment and related services with Winstar
Wireless, Inc. ("Winstar"). Upon execution, the Company took delivery of certain
equipment and paid approximately $5 million to Winstar. Of the remaining $25
million, approximately $16.5 million, included in Notes Payable at December 31,
2001, has been financed by Winstar over six years at 11% interest. Payments
commenced in the third quarter of 2000. The remaining balance of $8.5 million
was recorded in the other accrued liabilities, with payments of approximately $2
million due every three months until July 2001. On September 29, 2000, the
Company executed an additional agreement with Winstar to acquire $10.1 million
in telecommunications equipment. This agreement called for a down payment of
$1.5 million, which was paid by SAVVIS in October 2000. The remaining $8.6
million, included in Notes Payable at March 31, 2002, was also financed by
Winstar over six years at 11% interest, with payments being made quarterly
beginning in December 2000. As of March 31, 2002, approximately $4 million
remains in other accrued liabilities related to Winstar.

On April 17, 2001, SAVVIS provided notice to Winstar that a material breach had
occurred under the Master Agreement relating to Winstar's installation of the
wireless equipment components and accordingly, terminated the equipment purchase
and installation agreements. On April 18, 2001, Winstar filed for bankruptcy
protection under Chapter 11 of the Bankruptcy Code. The Company to date has not
performed all obligations to Winstar, nor has Winstar performed all of its
obligations to the Company. In addition, the Company ceased making payments on
the Winstar notes in March 2001.

On September 25, 2001, Winstar filed suit in the US Bankruptcy Court for
Delaware seeking a total of approximately $38 million from the Company for the
repayment of the note payable and professional services liabilities, which
includes a refund of $8.5 million of Internet services prepaid by Winstar. In
turn, we have filed proof of claim with the court overseeing the Winstar
bankruptcy proceeding in the amount of approximately $19 million. The court has
agreed to refer the dispute to arbitration. We believe we have substantial
defenses to the suit.

In August 2000, the Company entered into a 20-year agreement with Kiel Center
Partners, L.P. ("KCP") pursuant to which it acquired the naming rights to an
arena in St. Louis, MO. Upon execution of the agreement, total consideration for
these rights amounted to approximately $72 million, including 750,000 shares of
its common stock issued by the Company to KCP. The related expense will be
recognized over the term of the agreement. On March 21, 2001, KCP notified the
Company that it was in default of the agreement relating to possible future
insolvency of SAVVIS, a claim that KCP subsequently withdrew. On August 21, 2001
the parties entered into an amendment of the agreement providing for the payment
of $1.25 million on each of December 31, 2002 through 2005. These payments will
be deducted from payments otherwise owed under the agreement in 2007 through
2010. As of March 31, 2002, the Company has recorded approximately $4.2 million
of deferred charges resulting from the issuance of common stock under this
agreement.

We have arrangements with various suppliers of communications services that
require us to maintain minimum spending levels some of which increase over time.
Our aggregate minimum spending level is approximately $59 million, $64 million,
$57 million and $18 million in years 2002 to 2005, respectively. Should SAVVIS
not meet the minimum spending level in any given year, decreasing termination
liabilities representing a percentage of the remaining contracted amount may
immediately become due and payable. Furthermore, certain of these termination
liabilities are subject to reduction should SAVVIS experience the loss of a
major customer or suffer a loss of revenues from a downturn in general economic
activity. Before considering the effects of any reductions for the business
downturn provisions, if SAVVIS were to terminate all of these agreements as of
March 31, 2002, the maximum termination liability would amount to approximately
$149 million.

Based upon our current plans, we believe we have the necessary resources to fund
our operating losses, working capital needs and capital expenditure requirements
until the Company reaches operating cash flow positive, which is expected to
occur in 2003.

We may meet any additional funding needs through a combination of equity
investments, debt financings, renegotiation of repayment terms on existing debt
and sales of assets and services. If these additional financings were required,
there can be no assurance that we would be successful in

--------------------------------------------------------------------------------
                                       17
<PAGE>

completing any of these financings or that if we were, the terms of such
financings would be favorable to us.

<TABLE>
<CAPTION>
                                                          PAYMENTS DUE BY

                                                   LESS THAN    2 - 3       4 - 5      AFTER 5
                                        TOTAL       1 YEAR      YEARS       YEARS       YEARS

<S>                                    <C>          <C>        <C>          <C>         <C>
Capital lease obligations               64,645       6,615          --      58,030          --
Operating  leases                       47,584       6,386      18,357       4,920      17,921
Unconditional purchase obligations     199,050      59,414     121,336      18,300          --
Notes payable                           25,025       1,306      23,719          --          --
                                       -------     -------     -------     -------     -------
Total contractual cash obligations     336,304      73,721     163,412      81,250      17,921
                                       =======     =======     =======     =======     =======
</TABLE>


SAVVIS' contractual obligations, including commitments for future payments under
non-cancelable lease arrangements and short and long- term debt arrangements,
are fully disclosed in the Notes to the condensed consolidated financial
statements.

RECENT ACCOUNTING PRONOUNCEMENTS

In June 2001, the FASB issued SFAS No. 142, "Goodwill and Other Intangible
Assets." The provisions of this statement are required to be applied starting
with fiscal years beginning after December 15, 2001. This statement is required
to be applied at the beginning of an entity's fiscal year and to be applied to
all goodwill and other intangible assets recognized in its financial statements
at that date. SFAS No. 142 addresses how intangible assets should be accounted
for in financial statements upon their acquisition. This statement also
addresses how goodwill and other intangible assets should be accounted for after
they have been initially recognized in the financial statements. The statement
requires that goodwill and certain other intangibles with an indefinite life, as
defined in the standard, no longer be amortized. However, goodwill and
intangibles would have to be assessed each year to determine whether an
impairment loss has occurred. Any impairments recognized upon adoption would be
recorded as a change in accounting principle. Future impairments would be
recorded in income from continuing operations. The statement provides specific
guidance for testing goodwill for impairment. As a result of the adoption of
SFAS No. 142, the Company recognized a $2.8 million charge in the three months
ended March 31, 2002.

In August 2001, FASB issued SFAS No. 144, "Accounting for the Impairment or
Disposal of Long-Lived Assets" which requires that one accounting model be used
for the long-lived assets to be disposed of by sale, whether previously held and
used or newly acquired. It also broadens the presentation of discontinued
operations to include more disposal transactions. The adoption of SFAS No. 144
on January 1, 2002 did not have a material impact on our financial position or
results of operations.

ITEM 3.  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Our primary market risk exposures relate to changes in interest rates. As the
Company continues to expand our business internationally, we are also exposed to
changes in foreign currency exchange rates.

We have financial instruments that are sensitive to changes in interest rates
and a number of network equipment financing arrangements. These instruments were
entered into for other than trading purposes, are denominated in U.S. Dollars
and bear interest at a fixed rate. Because the interest rate on these
instruments is fixed, changes in interest rates will not directly impact our
cash flows. As discussed in Note 3, in March 2002 a portion of the Company's
borrowings were extinguished for less than their carrying value. As discussed in
Note 6, it is not practicable to estimate the fair value of our unextinguished
debt as it is currently in dispute.

Changes in foreign exchange rates did not materially impact our results of
operations. For the three months ended March 31, 2002, 12% of our service
revenue was derived from operations outside the United States and approximately
25% of our total data communications and operations costs were incurred outside
the United States. We expect these percentages to remain relatively constant in
the periods ahead. Because our foreign revenue closely matched our foreign
costs, changes in foreign exchange rates did not have a material impact on our
results of operations in this quarter. In the future, we may engage in hedging
transactions to mitigate foreign exchange risk.

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                                       18
<PAGE>

PART II.   OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

In June 2000, SAVVIS entered into a series of agreements to acquire
approximately $30 million of telecommunications equipment and related services
with Winstar Wireless, Inc. ("Winstar"), the purchase of which was financed by
Winstar. In addition, Winstar agreed to purchase from SAVVIS certain Internet
services.

On April 17, 2001, SAVVIS provided notice to Winstar that a material breach had
occurred under the agreements relating to Winstar's installation of the wireless
equipment components and accordingly, terminated agreements relating to
equipment purchase and installation. On April 18, 2001, Winstar filed for
bankruptcy protection under Chapter 11 of the Bankruptcy Code. The Company to
date has not performed all obligations to Winstar, nor has Winstar performed all
of its obligations to the Company. In addition, in March 2001, the Company
ceased making payments on the note issued to it by Winstar to finance the
equipment purchase.

On September 25, 2001, Winstar filed suit in the US Bankruptcy Court for
Delaware seeking a total of approximately $38 million from the Company for the
repayment of the note payable and professional services liabilities, which
includes a refund of $8.5 million of Internet services prepaid by Winstar. In
turn, we have filed proof of claim with the court overseeing the Winstar
bankruptcy proceeding in the amount of approximately $19 million. The court has
agreed to refer the dispute to arbitration. We believe we have substantial
defenses to the suit.

On April 23, 2002, Cable & Wireless plc filed suit against the Company in the
Circuit Court for Fairfax County, Virginia, for $5.7 million in respect of an
alleged payment default of termination penalties under our communications
services agreement with Cable & Wireless plc.

ITEM 2.  CHANGES IN SECURITIES AND USE OF PROCEEDS

In March 2002, the Company issued $158.1 million of convertible preferred stock
(the "Preferred"). Preferred totaling $117.2 million was issued to entities and
individuals affiliated with Welsh Carson in exchange for $57.5 million in cash,
satisfaction of all of the outstanding principal and accrued interest on the
Company's 10% convertible senior notes totaling $22.2 million, and satisfaction
of all of the principal and interest owed in respect of notes issued pursuant to
the Credit Agreement with Nortel totaling $90.9 million. Preferred totaling
$40.9 million was also issued to Reuters Holdings Switzerland S.A. upon
conversion of all of the outstanding principal and accrued interest on the
Company's 12% convertible senior notes totaling $40.9 million. The Company
incurred $2.1 million in offering costs related to the issuance of the Preferred
which is recorded net of proceeds.

The Preferred accrues dividends at the rate of 11.5% per annum on the
outstanding accreted value thereof (initially $1,000 per share). Dividends may
not be paid in cash until after the eighth anniversary of the original issuance
date. Accrued but unpaid dividends will be added to the outstanding accreted
value quarterly. As of March 31, 2002, the Company incurred accrued dividends of
$0.7 million related to the Preferred. The Preferred is convertible into such
number of our common stock equal to the outstanding accreted value divided by
the conversion price. The Preferred was initially convertible into 210.8 million
shares of common stock, at a conversion price of $0.75 per common share. The
Preferred is entitled to vote on all matters (other than any voluntary
repurchase of the Preferred) submitted to the common stockholders on an
as-if-converted basis, and represented approximately 69% of the voting stock of
the Company as of May 1, 2002. The conversion price of $0.75 was set a few days
before the commitment date for the Preferred. On the commitment date, the
closing price of the Company's common stock was $1.00. Accordingly, the Company
also recorded a non-cash beneficial conversion feature of $52.7 million,
representing the $0.25 per share intrinsic value of that feature, as a return to
the Preferred shareholders in March 2002. The Company also recorded a deemed
dividend of $0.2 million related to the beneficial conversion feature for the
period ending March 31, 2002.

Between January 1, 2002 and March 31, 2002, we granted options to purchase
31,467,071 shares of our common stock at exercises prices from $0.375 to $0.75.
All of these options were granted pursuant to our 1999 Stock Option Plan as
amended. Of this total, 15,000 shares of stock options were granted to one
member of our Board of Directors. These issuances were effected in transactions
not subject to, or exempt from, the registration requirements of the Securities
Act of 1933, and these transactions were effected without the use of an
underwriter.

During the quarter ended March 31, 2002, proceeds of approximately $33,000 were
generated from the exercise of options for 68,154 shares of our common stock.
There were no significant expenses, underwriting discounts or commissions
attributable to these proceeds. We used the proceeds for general working capital
expenses incurred in the ordinary course of business. These options had been
granted under our 1999 Incentive Stock Option Plan. We issued the shares in
reliance on the exemption from registration provided by Rule 701 under the
Securities Act of 1933.

--------------------------------------------------------------------------------
                                       19
<PAGE>

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

The 2000 Annual Meeting of Stockholders of the Company was held on March 15,
2002. The only proposal presented for stockholder consideration at the 2000
Annual Meeting was the election of eight directors, which was approved. The
following is a tabulation of the voting on the election of directors and a
listing of the directors whose term of office as a director continued after the
meeting.

Proposal 1 - Election of Directors

                          Votes For      Votes Withheld
                        -------------    --------------
Robert A. McCormick       62,286,294         84,636

John M. Finlayson         62,315,289         55,461

David J. Frear            62,320,323         50,557

Clyde A. Heintzelmann     62,159,334        111,596

Thomas E. McInerney       62,338,443         37,537

Patrick J. Welsh          62,335,463         35,467

Norman K. Korey           62,337,693         34,057

Kevin J. Wiley            62,322,773         48,157







--------------------------------------------------------------------------------
                                       20

<PAGE>


ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K.

(a) Exhibits. The following exhibits are either provided with this Form 10-Q or
are incorporated herein by reference.

EXHIBIT INDEX
<TABLE>
<CAPTION>

Number                   Exhibit Description
------                   -------------------
<S>       <C>
3.1*      Amended and Restated Certificate of Incorporation of the Registrant.

3.2*      Certificate of Amendment to Amended and Restated Certificate of Incorporation of the
          Registrant.

3.3*      Amended and Restated Bylaws of the Registrant.

4.1*      Form of Common Stock Certificate.

4.2**     Certificate of Designations relating to the Registrant's Series A Convertible Preferred
          Stock.

4.3       Warrant Agreement, dated as of March 7, 2002, between the Registrant and General Electric
          Capital Corporation.

4.4       Warrant Agreement, dated as of March 15, 2002, between the Registrant and Nortel Networks
          Inc.

4.5       Warrant, dated March 18, 2002, to purchase the Registrant's common stock issued to General
          Electric Capital Corporation.

4.6       Warrant, dated March 18, 2002, to purchase the Registrant's common stock issued to Nortel
          Networks Inc.

10.1      Employment Agreement between SAVVIS Communications Corporation, a Missouri corporation and
          Richard Bubenik, dated February 8, 2002.

10.2      Agreement Resolving All Outstanding SAVVIS-BIS Issues, between the Registrant and BIS
          Administration, Inc., dated as of February 8, 2002 as approved by the Bankruptcy Court on
          February 13, 2002.

10.3      Amendment No. 1, effective February 25, 2002, to the Agreement Resolving All Outstanding
          SAVVIS-BIS Issues, between the Registrant and BIS Administration, Inc., dated as of
          February 8, 2002.

10.4      Amended and Restated Master Lease Agreement, dated as of March 8, 2002, by and among
          SAVVIS Communications Corporation, a Missouri corporation, other signatories named therein
          and General Electric Capital Corporation.

10.5      Security Agreement, effective as of March 18, 2002, between the Registrant and General
          Electric Capital Corporation, as agent for itself and other lessors.

10.6      Security Agreement, effective as of March 18, 2002, between SAVVIS Communications
          Corporation, a Missouri corporation and General Electric Capital Corporation, as agent for
          itself and other lessors.

10.7      Security Agreement, effective as of March 18, 2002, between Global Network Assets, LLC and
          General Electric Capital Corporation, as agent for itself and other lessors.

10.8      Security Agreement, effective as of March 18, 2002, between SAVVIS Procurement Corporation
          and General Electric Capital Corporation, as agent for itself and other lessors.

10.9      Security Agreement, effective as of March 18, 2002, between SAVVIS Communications
          International, Inc. and General Electric Capital Corporation, as agent for itself and
          other lessors.

10.10     Pledge Agreement, dated as of March 18, 2002, between the Registrant and General Electric
          Capital Corporation, as agent for itself and other lessors.

10.11     Pledge Agreement, dated as of March 18, 2002, between SAVVIS Communications Corporation, a
          Missouri corporation and General Electric Capital Corporation, as agent for itself and
          other lessors.

10.12     Trademark Security Agreement, dated as of March 18, 2002, between the Registrant and
          General Electric Capital Corporation, as agent for itself and other lessors.

10.13     Trademark Security Agreement, dated as of March 18, 2002, between SAVVIS Communications
          Corporation, a Missouri corporation and General Electric Capital Corporation, as agent for
          itself and other lessors.

10.14     Trademark Security Agreement, dated as of March 18, 2002, between Global Network Assets,
          LLC and General Electric Capital Corporation, as agent for itself and other lessors.

10.15     Trademark Security Agreement, dated as of March 18, 2002, between SAVVIS Procurement
          Corporation and General Electric Capital Corporation, as agent for itself and other
          lessors.

10.16     Trademark Security Agreement, dated as of March 18, 2002, between SAVVIS Communications
          International, Inc. and General Electric Capital Corporation, as agent for itself and
          other lessors.

10.17     Patent Security Agreement, dated as of March 18, 2002, between the Registrant and General
          Electric Capital Corporation, as agent for itself and other lessors.

10.18     Patent Security Agreement, dated as of March 18, 2002, between SAVVIS Communications
          Corporation, a Missouri corporation and General Electric Capital Corporation, as agent for
          itself and other lessors.
</TABLE>

--------------------------------------------------------------------------------
                                                 21
<PAGE>
<TABLE>
<CAPTION>

Number                   Exhibit Description
------                   -------------------
<S>       <C>
10.19     Patent Security Agreement, dated as of March 18, 2002, between Global Network Assets, LLC
          and General Electric Capital Corporation, as agent for itself and other lessors.

10.20     Patent Security Agreement, dated as of March 18, 2002, between SAVVIS Procurement
          Corporation and General Electric Capital Corporation, as agent for itself and other
          lessors.

10.21     Patent Security Agreement dated, as of March 18, 2002, between SAVVIS Communications
          International, Inc. and General Electric Capital Corporation, as agent for itself and
          other lessors.

10.22     Copyright Security Agreement, dated as of March 18, 2002, between the Registrant and
          General Electric Capital Corporation, as agent for itself and other lessors.

10.23     Copyright Security Agreement, dated as of March 18, 2002, between SAVVIS Communications
          Corporation, a Missouri corporation and General Electric Capital Corporation, as agent for
          itself and other lessors.

10.24     Copyright Security Agreement, dated as of March 18, 2002, between Global Network Assets,
          LLC and General Electric Capital Corporation, as agent for itself and other lessors.

10.25     Copyright Security Agreement, dated as of March 18, 2002, between SAVVIS Procurement
          Corporation and General Electric Capital Corporation, as agent for itself and other
          lessors.

10.26     Copyright Security Agreement, dated as of March 18, 2002, between SAVVIS Communications
          International, Inc. and General Electric Capital Corporation, as agent for itself and
          other lessors.

10.27     Guaranty Agreement, effective as of March 18, 2002, delivered by the Registrant to and in
          favor of General Electric Capital Corporation, as agent for itself and other lessors.

10.28     Guaranty Agreement, effective as of March 18, 2002, delivered by Global Network Assets,
          LLC to and in favor of General Electric Capital Corporation, as agent for itself and other
          lessors.

10.29     Guaranty Agreement, effective as of March 18, 2002, delivered by SAVVIS Procurement
          Corporation to and in favor of General Electric Capital Corporation, as agent for itself
          and other lessors.

10.30     Guaranty Agreement, effective as of March 18, 2002, delivered by SAVVIS Communications
          International, Inc. to and in favor of General Electric Capital Corporation, as agent for
          itself and other lessors.

10.31     Fee Letter, dated March 6, 2002, from the Registrant to WCA Management Corporation.

10.32     Stipulation and Order, dated January 22, 2002, by and among Harris Trust and Savings Bank,
          Goldman Sachs Credit Partners L.P., as Lenders, BIS Administration Inc., SAVVIS
          Communications Corporation, a Missouri corporation, General Electric Capital Corporation,
          First Bank, Heller Financial Leasing, Inc., Transamerica Equipment Financial Services
          Corporation, Pilgrim Prime Rate Trust and Highland Capital Management, L.P.

10.33     Sharing Agreement and Mutual Release, dated as of January 25, 2002, by and among Harris
          Trust and Savings Bank, Goldman Sachs Credit Partners L.P., Lenders, BIS Administration
          Inc., SAVVIS Communications Corporation, a Missouri corporation, General Electric Capital
          Corporation, First Bank, Heller Financial Leasing, Inc., Transamerica Equipment Financial
          Services Corporation, Pilgrim Prime Rate Trust and Highland Capital Management, L.P.

10.34+    Letter of Agreement regarding the Amendment to Nortel Networks Global Purchase Agreement,
          dated March 14, 2002, among the Registrant, SAVVIS Communications Corporation, a Missouri
          corporation and Nortel Networks Inc.

10.35     Amendment No. 2, effective January 8, 2002, to the Agreement Regarding the Supplemental
          Terms of the Interim Savvis Financing as approved by the United States Bankruptcy Court on
          May 3, 2001.

10.36+    Master Services Agreement, dated March 14, 2002, between SAVVIS Communications
          Corporation, a Missouri corporation and Level 3 Communications, LLC.

11.1      Calculation of Basic and Diluted per share and weighted average shares used in EPS
          calculation.
</TABLE>

----------------
* Incorporated by reference to the same numbered exhibit to SAVVIS' Registration
Statement on Form S-1, as amended (File No. 333-90881).

** Incorporated by reference to the same numbered exhibit to SAVVIS' Current
Report on Form 8-K dated March 27, 2002.

+ A request for confidential treatment has been submitted with respect to this
exhibit. The copy filed as an exhibit omits the information subject to the
request for confidential treatment.

(b) Reports on Form 8-K. On March 27, 2002, we filed a Current Report on Form
8-K with respect to Item 5, Other Events.

--------------------------------------------------------------------------------
                                       22
<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.


                                           SAVVIS Communications Corporation


Date  May 15, 2002                         By:  /s/  Robert McCormick
      ---------------                      ---------------------------

                                           Robert McCormick
                                           Chief Executive Officer

Date  May 15, 2002                         By:  /s/  David J. Frear
      ---------------                      ---------------------------

                                           David J. Frear
                                           EVP & Chief Financial Officer


--------------------------------------------------------------------------------
                                       23