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 SEPTEMBER 30, 2001, 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
      INCORPORATION OR ORGANIZATION)            IDENTIFICATION NO.)

                              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 - 93,912,000 SHARES AS OF October 31, 2001
   (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 25.


<PAGE>
                        SAVVIS Communications Corporation

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>

PART I.    FINANCIAL INFORMATION                                                           PAGE
<S>                                                                                          <C>
  Item 1.   Financial Statements - UNAUDITED:

              Condensed Consolidated Balance Sheets as of
              December 31, 2000 and September 30, 2001                                       3

              Condensed Consolidated Statements of Operations
              for the three and nine-months ended September 30,
              2000 and September 30,2001                                                     5

              Condensed Consolidated Statements of Cash Flows
              for the nine-months ended September 30, 2000 and
              September 30, 2001                                                             6

              Condensed Consolidated Statements of Changes in
              Stockholders'Equity (Deficit) for the period
              January 1, 2001 to September 30, 2001                                          7

              Notes to Condensed Consolidated Financial Statements                           8

  Item 2.     Management's Discussion and Analysis of Financial
              Condition and Results of Operations                                           17

  Item 3.     Quantitative and Qualitative Disclosures about
              Market Risk                                                                   23


PART II.    OTHER INFORMATION

  Item 1.     Legal Proceedings                                                             24

  Item 2.     Changes in Securities and Use of Proceeds                                     24

  Item 3.     Defaults Upon Senior Securities                                               24

  Item 4.     Exhibits and Reports on Form 8-K                                              25

              Signatures                                                                    26
</TABLE>

Exhibits




                                       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,          SEPTEMBER 30,
                                                                           2000                   2001
                                                                  --------------------- -----------------------
<S>                                                                           <C>                     <C>
CURRENT ASSETS:

Cash and cash equivalents                                                     $ 32,262                $  4,334
Accounts receivable from Bridge Information Systems, Inc.                       32,897                  13,104
Trade accounts receivable, less allowance for doubtful accounts
 of $800 in 2000 and $1,056 in 2001                                             11,015                   6,773
Prepaid expenses                                                                 1,087                   1,786
Other current assets                                                             3,119                   3,277
                                                                  --------------------- -----------------------
TOTAL CURRENT ASSETS                                                            80,380                  29,274

Property and Equipment- Net                                                    319,008                 208,365
Goodwill and Intangible Assets-- Net of accumulated
 amortization of $24,606 in 2000 and $32,922 in 2001                            13,974                   5,545
Restricted Cash                                                                  5,565                   4,037
Other Non Current Assets                                                        19,695                   9,684
                                                                  --------------------- -----------------------
TOTAL ASSETS
                                                                              $438,622               $ 256,905
                                                                  ===================== =======================
LIABILITIES AND STOCKHOLDERS EQUITY (DEFICIT)
CURRENT LIABILITIES:

Accounts payable                                                              $ 81,901               $  67,876
Accrued compensation payable                                                     5,407                   6,623
Due to Bridge Information Systems, Inc.                                         23,090                  23,326
Deferred revenue - current                                                       3,189                   5,997
Notes payable -- current                                                        75,066                  86,185
Convertible senior secured notes - current                                          --                  59,072
Current portion of capital lease obligations                                    28,465                  42,411
Other accrued liabilities                                                       22,439                  30,720
                                                                  --------------------- -----------------------
TOTAL CURRENT LIABILITIES                                                      239,557                 322,210
                                                                  --------------------- -----------------------
</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,         SEPTEMBER 30,
                                                                          2000                   2001
                                                                  --------------------- -----------------------
<S>                                                                          <C>                    <C>
NON CURRENT LIABILITIES AND STOCKHOLDERS' EQUITY
(DEFICIT)

Capital Lease Obligation, Less Current                                          47,971                  26,149
Notes Payable - Non Current                                                     25,018                  24,106
Deferred Revenue - Non Current                                                   8,656                   7,378
Other Accrued Liabilities                                                          490                  11,400
                                                                  --------------------- -----------------------
TOTAL LIABILITIES                                                              321,692                 391,243
                                                                  --------------------- -----------------------
COMMITMENTS AND CONTINGENCIES (NOTE 6)

STOCKHOLDERS' EQUITY (DEFICIT):

Preferred stock; 50,000,000 shares authorized, none issued and
 outstanding                                                                        --                      --
Common stock; $.01 par value, 250,000,000 shares authorized,
 93,831,066 shares issued and 93,792,190 shares outstanding in 2000,
 93,911,406 shares issued and 93,872,530 shares outstanding in 2001                938                     939
Additional paid-in capital                                                     359,586                 355,517
Accumulated deficit                                                           (203,468)               (464,598)
Deferred compensation                                                          (39,581)                (25,529)
Treasury stock, at cost, 38,876 shares in 2000 and 2001                            (19)                    (19)
Accumulated other comprehensive loss:
  Cumulative foreign currency translation adjustment                              (526)                   (648)
                                                                  --------------------- -----------------------
Total stockholders' equity (deficit)                                           116,930                (134,338)
                                                                  --------------------- -----------------------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)                         $ 438,622               $ 256,905
                                                                  ===================== =======================
</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                     NINE MONTHS ENDED
                                                                  SEPTEMBER 30,                          SEPTEMBER 30,
                                                        ----------------------------------------------------------------------
                                                              2000             2001             2000              2001
                                                        ----------------- ----------------- ---------------- -----------------
<S>                                                       <C>                <C>               <C>              <C>
REVENUES:

Managed data networks (including $42,965 and $41,816
from Bridge Information Systems, Inc. for the three
months ended September 2000 and 2001, respectively,
and $101,878 and $129,488 for the nine months ended
September 30, 2000 and 2001, respectively)                $       43,466     $      47,562     $    102,532     $     142,038

Internet access (including $501 and $470 from Bridge
Information Systems, Inc. for the three months ended
September 2000 and 2001, respectively, and $758 and
$1,402 for the nine months ended September 30, 2000
and 2001, respectively)                                            8,631             7,360           23,285            23,744

Hosting and colocation (including $0 and $741 from
Bridge Information Systems, Inc. for the three months
ended September 2000 and 2001, respectively, and $0
and $2,227 for the nine months ended September 30,
2000 and 2001, respectively)                                         163             2,601              172             7,459

Other                                                                551               829            1,526             2,599
                                                        ----------------- ----------------- ---------------- -----------------
TOTAL REVENUES                                                    52,811            58,352          127,515           175,840

DIRECT COSTS AND OPERATING EXPENSES:
Data communications and operations (excluding $0.6 million
and $0.4 million of equity-based compensation in the
three months ended September 30, 2000 and 2001, and
$1.7 million and $1.4 million in the nine months ended
September  30, 2000 and 2001, respectively)                       61,610            57,717          145,140           189,296

Sales and marketing (excluding $1.9 million and $1.5
million of equity-based compensation in the three
months ended September 30, 2000 and 2001, and $5.5
million and $4.4 million in the nine months ended
September  30, 2000 and 2001, respectively)                        8,610             7,547           23,749            26,838

General and administrative (excluding $1.8 million
and $1.4 million of equity-based compensation in the
three months ended September 30, 2000 and 2001, and
$5.2 million and $4.1 million in the nine months
ended September 30, 2000 and 2001, respectively)                   7,047            12,099           17,054            29,145

Depreciation and amortization                                     17,341            21,723           41,767            67,873

Asset impairment and writedowns                                       --            31,500               --            89,633

Restructuring charges                                                 --                --               --             4,821

Non-cash equity based compensation                                 4,275             3,300           12,450             9,943
                                                        ----------------- ----------------- ---------------- -----------------
Total direct costs and operating expenses                         98,883           133,886          240,160           417,549
                                                        ----------------- ----------------- ---------------- -----------------
LOSS FROM OPERATIONS                                            (46,072)           (75,534)        (112,645)         (241,709)

NONOPERATING INCOME (EXPENSE):

Interest income                                                    1,730               115            5,450               665

Interest expense                                                  (2,825)           (5,973)          (5,535)          (20,086)
                                                        ----------------- ----------------- ---------------- -----------------
Total non-operating income (expense)                              (1,094)           (5,858)             (85)          (19,421)
                                                        ----------------- ----------------- ---------------- -----------------
NET LOSS                                                  $      (47,166)    $     (81,392)    $    (112,730)   $    (261,130)
                                                        ================= ================= ================ =================
BASIC AND DILUTED LOSS PER COMMON SHARE                   $        (0.53)    $       (0.89)    $       (1.31)   $       (2.84)
                                                        ================= ================= ================ =================
WEIGHTED AVERAGE SHARES OUTSTANDING                           89,301,053        91,887,152        86,316,703       91,814,769
                                                        ================= ================= ================ =================
</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>


                                                                               NINE MONTHS ENDED

                                                                      SEPTEMBER 30,         SEPTEMBER 30,
                                                                          2000                  2001
                                                                  --------------------- -------------------
<S>                                                                         <C>                 <C>
OPERATING ACTIVITIES:

Net Loss                                                                    $ (112,730)         $ (261,130)
Reconciliation of net loss to net cash used in operating
 activities:
Asset impairment and writedowns                                                     --              89,633
Restructuring charges                                                               --               4,821
Deferred financing charges                                                          --               3,845
Depreciation and amortization                                                   41,767              67,873
Non-cash equity based compensation                                              12,450               9,943
Net changes in operating assets and liabilities:
Accounts receivable (including from Bridge Information
 Systems, Inc.)                                                                (55,656)             24,035
Other current assets                                                              (943)               (167)
Other assets                                                                   (18,153)                116
Prepaid expenses                                                                  (634)               (699)
Accounts payable (including to Bridge Information Systems, Inc.)                50,896              (4,039)
Deferred revenue                                                                    --               1,530
Other accrued liabilities                                                       40,944               6,387
                                                                  --------------------- -------------------
Net cash used in operating activities                                          (42,059)            (57,852)
                                                                  --------------------- -------------------
INVESTING ACTIVITIES:

Capital expenditures                                                          (131,304)            (22,374)
                                                                  --------------------- -------------------
Net cash used in investing activities                                         (131,304)            (22,374)
                                                                  --------------------- -------------------
FINANCING ACTIVITIES:

Purchase of treasury stock                                                         (16)                 --
Proceeds from common stock issuance                                            333,364                  --
Exercise of stock options                                                          466                  40
Proceeds from borrowings from Bridge Information Systems, Inc.                   1,300                  --
Proceeds from convertible senior secured notes                                      --              57,500
Issuance of PIK Note on Convertible Senior Secured Notes                            --               1,572
Principal payments under capital lease obligations                             (11,766)             (7,877)
Repayment of Vendor Financed Debt                                                   --                (201)
Repayment of borrowings from Bridge Information Systems, Inc.                   (5,585)                 --
Funding of letters of credit (restricted cash)                                  (5,137)              1,528
Preferential distribution to Bridge Information Systems                        (68,991)                 --
                                                                  --------------------- -------------------
Net cash provided by financing activities                                      243,635              52,562
                                                                  --------------------- -------------------
Effect of exchange rate changes on cash and cash equivalents                      (136)               (264)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS                            70,136             (27,928)

CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD                                   2,867              32,262
                                                                  --------------------- -------------------
CASH AND CASH EQUIVALENTS, END OF PERIOD                                    $   73,003          $    4,334
                                                                  ===================== ===================

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
NON-CASH INVESTING AND FINANCING ACTIVITIES:
Debt incurred under capital lease obligations                               $   76,501          $       --
Debt incurred in equipment acquisition                                          71,129              10,410
Capital expenditures accrued and unpaid                                         59,106              15,032
Netting of amounts due to against amounts due from Bridge
 Information Systems, Inc.                                                      19,439                  --

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid for interest                                                      $    3,942          $    6,188
</TABLE>


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


                                        6
<PAGE>




                        SAVVIS Communications Corporation
  CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIT)
                             (Dollars in thousands)
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                                                   NUMBER OF SHARES
                                                                                   ----------------
                                                                           COMMON STOCK       TREASURY STOCK
                                                                       ------------------- -------------------
<S>                                                                            <C>                   <C>
         BALANCE, January 1, 2001                                              93,831,066            (38,876)

         Net Loss                                                                      --                --

         Foreign currency translation adjustment                                       --                --

         Issuance of common stock upon exercise of stock options                   80,340                --

         Recognition of deferred compensation cost                                     --                --
                                                                       ------------------- -------------------
         BALANCE, September 30, 2001                                           93,911,406           (38,876)
                                                                       =================== ===================
</TABLE>


<TABLE>
<CAPTION>
                                                       AMOUNTS


                                                         OTHER
                                                      COMPREHENSIVE
                                                          LOSS:
                                          ADDITIONAL   CUMULATIVE
                                 COMMON    PAID-IN     TRANSLATION     DEFERRED    ACCUMULATED   TREASURY
                                 STOCK     CAPITAL     ADJUSTMENT    COMPENSATION    DEFICIT       STOCK      TOTAL
                               ---------- ----------- -------------- ------------- ------------- ---------- -----------
<S>                             <C>        <C>           <C>            <C>           <C>         <C>        <C>
BALANCE, January 1, 2001        $    938    $359,586     $    (526)    $  (39,581)   $ (203,468)  $    (19)  $ 116,930

Net Loss                              --          --             --            --      (261,130)         --   (261,130)

Foreign currency translation
adjustment                            --          --           (122)           --            --         --        (122)


Issuance of common stock
 upon exercise  of
 stock options                         1          40             --            --            --         --          41


Recognition of deferred
 compensation cost                    --      (4,109)            --        14,052            --         --       9,943
                               ---------- ----------- -------------- ------------- ------------- ---------- -----------
BALANCE, September 30, 2001     $    939   $ 355,517     $     (648)    $ (25,529)    $(464,598)  $    (19)  $(134,338)
                               ========== =========== ============== ============= ============= ========== ===========
</TABLE>

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



                                        7

<PAGE>




                        SAVVIS Communications Corporation
              NOTES TO CONDENSED 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, 2000 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. The independent auditors' report which
accompanies such consolidated financial statements includes a paragraph
concerning the Company's ability to continue as a going concern. 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 September 30, 2001 and the results of its
operations and cash flows for the three and nine month periods ended September
30, 2001. See Note 3. The results of operations for the three and nine month
periods ended September 30, 2001 may not be indicative of the results expected
for any succeeding quarter or for the entire year ending December 31, 2001.

RESTRICTED CASH - Restricted cash consists of amounts supporting outstanding
letters of credit, principally related to office space and a data center.

REVENUE RECOGNITION - Service revenues consist primarily of managed data
networking, internet access and hosting/colocation 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, including installation and equipment revenue deferred
in accordance with Securities and Exchange Commission Staff Accounting Bulletin
101. The current portion of installation and equipment costs deferred in
accordance with SAB 101 is recorded on the balance sheet in other assets. We
recognize these costs on a straight-line basis over periods of up to twenty-four
months, the estimated period over which the related revenues from installation
and equipment sales are recognized.

OFFSETTING - The Company, as a result of the application of the rights of
offset, nets certain trade liabilities to Bridge Information Systems, Inc.
("Bridge") with the accounts receivable for network services from Bridge.

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

RECLASSIFICATIONS - Certain amounts from prior periods have been reclassified to
conform to current period presentation.

NEW ACCOUNTING STANDARDS -- In June 1998, the Financial Accounting Standards
Board ("FASB") issued Statement of Financial Accounting Standards No. 133,
"Accounting for Derivative Instruments and Hedging Activities," which, as
amended by SFAS No. 138 in June 2000, establishes accounting and reporting
standards for derivative instruments, including some derivative instruments
embedded in other contracts, and for hedging activities. FASB Statement No. 133
requires that all derivatives be recognized on the balance sheet as either
assets or liabilities, and measured by fair value. Additionally, it requires
that changes in the derivative instrument's fair value be recognized in the
statement of operations unless specific hedge accounting criteria are met.
Effective January 1, 2001, the Company adopted FASB Statement No. 133. The
adoption did not have a material impact on the Company's financial position,
results of operations, or cash flows.


                                       8

<PAGE>


In June 2001, FASB issued SFAS No. 141 "Business Combinations" and No. 142
"Goodwill and Other Intangible Assets". SFAS No. 141 addresses the accounting
and reporting for business combinations and broadens the criteria for recording
intangible assets separate from goodwill. On July 1, 2001 the Company adopted
SFAS No. 141 which requires the use of the purchase method of accounting for all
business combinations initiated after June 30, 2001. SFAS No. 142 addresses the
accounting and reporting for acquired goodwill and other intangible assets. SFAS
No. 142 requires goodwill and intangible assets with indefinite useful lives to
no longer be amortized but to be tested for impairment at least annually.
Intangible assets that have finite lives will continue to be amortized over
their useful lives. The amortization and non-amortization provisions of SFAS No.
142 will be applied to all goodwill and intangible assets acquired after June
30, 2001. Effective January 1, 2002, we are required to and will apply all other
provisions of SFAS No. 142 to all goodwill and intangible assets recognized on
our financial statements at that date. We are in the process of evaluating the
impact of applying these provisions on our financial position and results of
operations. At September 30, 2001 goodwill, net approximated $3.9 million and
other intangible assets, net, approximated $1.6 million. Goodwill amortization
was $2.0 million and $5.9 million for the three and nine months ended September
30, 2001, respectively.

NOTE 2 - BRIDGE BANKRUPTCY AND RELATIONSHIPS WITH BRIDGE, REUTERS AND MONEYLINE

BRIDGE BANKRUPTCY AND ASSET PURCHASES FROM BRIDGE

On February 15, 2001, Bridge (which owns 48% of our common stock and represented
76% of our total revenues for the nine-months ended September 30, 2001) filed a
voluntary petition ("Bridge's Voluntary Petition") for relief under Chapter 11
of Title 11 of the United States Code, 11 U.S.C. Sections 101 et seq. (the
"Bankruptcy Code") in the United States Bankruptcy Court (the "Bankruptcy
Court") for the Eastern District of Missouri.

On September 28, 2001 Reuters America, Inc. ("Reuters") acquired certain of the
assets of Bridge (the "Reuters Asset Acquisition") and entered into a network
services agreement with SAVVIS. As a result, SAVVIS expects Reuters will become
its largest customer representing approximately 50% of SAVVIS' revenue.

In connection with the Reuters Asset Acquisition, Reuters received an option to
acquire and vote up to approximately 45 million shares of SAVVIS common stock
currently owned by Bridge. The option which expires on December 27, 2001, may
be exercised at the greater of $2.50 per share or the volume weighted average
trading price of SAVVIS common stock during the five trading day period
immediately preceding the date on which Reuters gives notice of its exercise. In
addition, Reuters Holdings Switzerland SA ("Reuters SA") acquired $37.5 million
aggregate principal amount of the Company's 12% convertible senior secured
notes, which are convertible into approximately 28.7 million shares of SAVVIS
common stock.

On October 17, 2001, MoneyLine Networks, Inc.("MoneyLine") acquired
substantially all of Bridge's remaining operating assets (the "MoneyLine Asset
Acquisition"). MoneyLine has entered into a binding letter of intent to enter
into a network services contract with us. We expect MoneyLine will represent
approximately 30% of our revenue.


NETWORK SERVICES AND OTHER AGREEMENTS

In connection with the Reuters Asset Acquisition, Reuters has entered into an
agreement under which SAVVIS will provide Internet Protocol network services,
Internet access, and colocation services for a period of five years with respect
to the Bridge customers acquired by Reuters. The 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 SAVVIS between May 3,
2001 and September 28, 2001. Also pursuant to this agreement, the network must
perform in accordance with specific quality of services 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.
SAVVIS anticipates the billings under the Reuters network services agreement
initially to be approximately $10 million per month.


                                       9
<PAGE>


In connection with the MoneyLine Asset Acquisition, MoneyLine has entered into a
binding letter of intent to enter into a network services agreement with SAVVIS.
The letter of intent calls for MoneyLine 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. We expect billings initially to be
approximately $6 million per month. The Company expects the existing network
services agreements between Bridge and SAVVIS will be terminated in the near
future.

Reuters and Moneyline 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.


REUTERS AND WELSH CARSON FINANCING

On May 16, 2001, the Company entered into a Securities Purchase Agreement (the
"Securities Purchase Agreement") with Reuters SA. Reuters SA agreed to purchase
up to $45 million of 12% convertible senior secured notes due 2005 which are
convertible into common stock at $1.35 per share. $10 million aggregate
principal amount of notes were issued on each of May 16, 2001 and June 1, 2001,
$7.5 million on July 2, 2001, $2.5 million on August 1, 2001 and $7.5 million on
September 4, 2001. The notes are secured by a second lien on the Company's data
center building located in St. Louis, MO. Interest is payable in the form of
additional notes until August 1, 2004. Notes issued in lieu of cash interest
payments will have the same rights and privileges as the notes issued in
conjunction with the funding requests discussed above. Interest payments due
after July 31, 2004 are payable in cash. The agreement also provides that the
notes will be exchanged for convertible preferred stock upon the Company raising
an additional $30 million of funding and upon the exchange of the $20 million
10% Convertible Senior Secured Notes issued by the Company in February 2001 to
affiliates of Welsh, Carson, Anderson & Stowe ("Welsh Carson") for such
convertible preferred stock. Reuters SA also has received the right to have an
observer attend all Board and committee meetings or to have elected to the Board
a number of directors proportionate to their holdings of the Company's voting
stock. Reuters SA has also received certain registration rights in connection
with the financing. As a result of defaults under some of SAVVIS' other debt
facilities, Reuters SA has the right to declare the notes due and payable.

On February 19, 2001, Welsh Carson and its affiliates agreed to purchase $20
million aggregate principal amount of our 10% convertible senior secured notes
due 2006, convertible into common stock at $1 5/16 per share. The notes are
collateralized by the Company's data center building located in St. Louis, MO.
Interest is payable in kind, compounded on a semi-annual basis, in the form of
additional notes, which are convertible into common stock at a conversion price
of $1 5/16 per share. The transaction closed on February 20, 2001. Under the
terms of the notes, Welsh Carson had the right to declare the notes due and
payable upon the acceleration of any of our other indebtedness. On May 21, 2001,
the Company obtained a default waiver through August 31, 2001 from Welsh Carson.
On September 2, 2001 this waiver was extended to September 30, 2001. The waiver
expired on September 30, 2001. The Company and Welsh Carson are in discussions
regarding a restructuring of this obligation.


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. At September 30, 2001, the Company
had amounts payable to Bridge of approximately $28.8 million including a
promissory note payable and accrued interest of $23 million due February 18,
2001. In addition, at September 30, 2001, the Company had amounts receivable
from Bridge of $18.7 million, relating to network services provided by SAVVIS to
Bridge. The $18.7 million represented pre-petition receivables from the Bridge
entities which filed for bankruptcy.

For the period January 1, 2001 to February 15, 2001, Bridge paid SAVVIS
approximately $19 million in cash within the US for services rendered. In the
event any payments received from Bridge prior to its declaration of bankruptcy
are considered to be preferential, the trustee of the bankruptcy estate may have
the right to seek return of the payments previously received.


                                       10
<PAGE>

Pursuant to a court approved settlement agreement dated May 3, 2001, Bridge has
agreed to offset the $23 million promissory note payable against the approximate
$18.0 million of pre-petition receivables owed to SAVVIS and SAVVIS will issue
$12 million of convertible preferred stock to Bridge in exchange for the balance
due to Bridge upon the effectiveness of the shareholder consents. Upon the
issuance of the preferred stock, SAVVIS will record a charge of up to $7 million
related to the difference between the fair value of the preferred stock and the
$5 million net difference between the note payable to Bridge and the amounts
receivable from Bridge.

Additionally, Bridge has entered into a settlement agreement with SAVVIS wherein
it has agreed to pay SAVVIS up to $5.25 million in connection with potential
termination liabilities associated with the termination of network services that
will no longer be required following purchase of the Bridge's assets by Reuters.
As of September 30, 2001, $3.5 million of this amount was earned upon the
closing of the Reuters' acquisition of the Bridge assets. Up to $1.75 million
may be earned to the extent termination liabilities are actually incurred in
SAVVIS' Asian operations. Bridge has also agreed to use its best efforts to
cause the Bridge foreign affiliates, that are not debtors-in-possession, to pay
SAVVIS all amounts due under the foreign local network service agreements.

Subsequent to the date of Bridge's Voluntary Petition, Bridge incurred amounts
owed to SAVVIS (the "post-petition balances"). On March 22 and 23, and April 9,
2001 the Bankruptcy Court approved interim settlement stipulations between the
Company and Bridge which provide for continued payments by Bridge (either to the
Company or on behalf of the Company directly to the Company's service providers)
for networking services provided subsequent to the date of Bridge's Voluntary
Petition.


NOTE 3 - ABILITY TO CONTINUE AS A GOING CONCERN

The accompanying condensed consolidated financial statements have been prepared
on a going concern basis, which contemplates the continuity of operations,
realization of assets and satisfaction of liabilities in the normal course of
business. The Company is experiencing difficulty in generating sufficient cash
flow to meet its capital requirements and to sustain its operations. As shown in
these financial statements, during the nine-months ended September 30, 2001, the
Company incurred a net loss of $261.1 million and, as of September 30, 2001, the
Company has a working capital deficiency of $255 million and an accumulated
operating deficit of $465 million.

The Company has incurred and may continue to incur significant cash requirements
for operations, investments, and debt service. Moreover, the Company believes
uncertainty about its financial condition may negatively influence the Company's
cash position through delayed or omitted payments from customers, demands by
suppliers for advance or accelerated payments for continuing services, and
restrictions by current or prospective providers of capital. The Company
believes that it will need additional financing to meet its cash requirements
and the availability of such financing on terms acceptable to the Company is
uncertain. These factors indicate that the Company may be unable to continue as
a going concern.

The financial statements do not include any adjustments relating to the
recoverability and classification of recorded asset amounts or the amounts and
classification of liabilities that might be necessary should the Company be
unable to continue as a going concern. The Company's continuation as a going
concern is dependent upon its ability to generate sufficient cash flow to meet
its obligations on a timely basis, to obtain additional financing or refinancing
as may be required, and ultimately to attain profitable operations.

If the Company is successful in raising additional funds, we plan to manage our
working capital requirements by implementing changes intended to improve
operating results in future periods. These changes may include additional
personnel reductions, elimination of non-essential expenditures, and
compensation freezes. The Company will continue to evaluate its performance to
identify additional areas of working capital savings that may be available.
SAVVIS has retained Merrill Lynch & Co. as a financial advisor to assist in
exploring financing alternatives and/or the sale of the Company. No assessment
can be made of the likelihood that the Company's plans to manage its working
capital requirements or Merrill Lynch's assistance will lead to plans and
actions which management can effectively implement or if implemented, any such
plans and actions will result in the Company continuing as a going concern.


                                       11
<PAGE>

Assuming Reuters, MoneyLine and our other customers continue to make payments to
us for services rendered and that our principal creditors do not accelerate the
debts we owe to them, we should have enough cash to sustain our operations
through December 2001. Should we be unsuccessful in our efforts to raise
additional capital by then, we may be required to cease operations or declare
bankruptcy.

NOTE 4 - PROPERTY, PLANT AND EQUIPMENT

<TABLE>
<CAPTION>
                                                            DECEMBER 31, 2000         SEPTEMBER 30, 2001
                                                         ------------------------- --------------------------
<S>                                                                    <C>                         <C>
Computer equipment                                                     $    1,943                  $   2,212

Communications equipment                                                  166,767                    147,695

Purchased software                                                          1,089                      1,507

Furniture and fixtures                                                      2,854                      3,193

Leasehold improvements                                                      2,071                      2,397

Data Centers                                                               14,326                     58,641

Construction in progress                                                   83,884                      4,186

Equipment under capital lease obligations                                  95,446                     95,579
                                                         ------------------------- --------------------------
Total                                                                     368,380                    315,410

Less accumulated depreciation and amortization                            (49,372)                  (107,045)
                                                         ------------------------- --------------------------
Total                                                                  $  319,008                 $  208,365
                                                         ========================= ==========================
</TABLE>



Note 5 - ASSET IMPAIRMENT AND RESTRUCTURING CHARGES

During the third quarter of 2001, SAVVIS recorded asset impairments of $31.5
million (or $(0.34) per share)relating to its purchase of optical equipment from
Nortel for which the Company does not expect to recover its costs either through
the operation or disposition of such equipment.

During the second quarter, SAVVIS recorded asset impairments of $58.1 million
(or $(0.64) per share), restructuring charges of $ 4.8 million (or $(0.05) per
share) and a one-time interest charge of $3.8 million (or $(0.04)per share).
Asset impairment charges were determined and recorded in accordance with SFAS
No. 121 "Accounting for the Impairment of Long-Lived Assets and for Long-Lived
Assets to be Disposed Of". The restructuring charges were determined and
recorded in accordance with EITF No. 94-3 "Liability Recognition for Certain
Employee Termination Benefits and Other Costs to Exit an Activity (including
Certain Costs Incurred in a Restructuring)".

Asset impairment charges aggregating $44.1 million were recorded in the second
quarter, relating to the Company's wireless network build out initiative as a
result of the contractual breach by Winstar, Inc. ("Winstar") that occurred
under the Master Agreement for the installation of the wireless equipment
components. In addition, Winstar has since filed for bankruptcy and is unable to
perform according to the terms and conditions of the original contract.
Accordingly, SAVVIS is unable to proceed with the build out and has estimated
that the equipment previously purchased from both Winstar and Nortel has no
residual value and the Company has no future use for this equipment.

Asset impairment charges of $6.1 million were recorded in the second quarter
related to suspension of Fiber Optic agreement with Level 3 Communications LLC
("Level 3"). The Company has deployed optical equipment in the Texas and Midwest
rings, although it has not accepted the delivery of these rings from Level 3.
The Company does not expect to deploy any further equipment or fiber and has
written off planning and design fees paid to Level 3 associated with the
remaining portion of the planned network.

In respect to the year 2000 purchase of specialized customer application
software licenses, an asset impairment charge for the remaining net book value
of $4.4 million was recorded in the second quarter. The lack of estimated future
cash flows specific to this product offering as well as it having no alternative
use resulted in the asset impairment.


                                       12
<PAGE>

Deferred financing charges incurred for establishing the Nortel Networks, Inc.
("Nortel") $235 million credit facility were written down in the second quarter,
as a one-time charge to interest expense, in the amount of $3.8 million.


Additional restructuring and one-time charges amounting to $8.3 million were
recorded in the second quarter for: 1) initial design planning fees and
leasehold improvements originally capitalized for data center build outs in
Herndon, VA, New York, NY, Boston MA, and Creve Coeur, MO for which the Company
does not have the ability to finance such expansion - $2.5 million, 2) real
estate lease accruals relating to having to vacate planned data center
facilities - $3.6 million, and, 3) other miscellaneous charges - $2.2 million.


NOTE 6 - COMMITMENTS AND CONTINGENCIES

FIBER NETWORK DEPLOYMENT - During 2000, the Company entered into a $235 million
advancing facility (the "Term Loan"), and a purchase agreement for products and
services ("the Agreement") with Nortel. The Agreement calls for the Company to
purchase and take delivery of products and services in the amount of $155
million from the date of the Agreement through December 31, 2003. As of
September 30, 2001, the Company has drawn approximately $85 million under the
Term Loan for the purchase of equipment and services and other third-party
costs. The Bridge bankruptcy filing represented a default under the Term Loan
and resulted in the automatic acceleration of all amounts outstanding. As a
result, these amounts have been recorded in notes payable - current at both
December 31, 2000 and September 30, 2001. On May 21, 2001, the facility was
amended and the Company paid the past due interest and commitment fees due
through March 31, 2001. As a result, Nortel rescinded the acceleration of the
Term Loan, waived all defaults under the Term Loan through August 2001, deferred
all payments of interest and commitment fees from April 1, 2001 through August
31, 2001 and modified certain other provisions of the Term Loan including
limiting the Company's ability to incur any additional debt. On September 4,
2001 Nortel extended the waiver to September 30, 2001 and the Company paid all
past due interest through August 31, 2001.

On August 2, 2000, the Company entered into two agreements with Level 3. These
agreements grant to SAVVIS exclusive indefeasible rights of use ("IRU") in
certain segments of a multi-conduit fiber optic communications system being
constructed by Level 3. The term of each agreement is for a twenty-year period
beginning with the acceptance of a segment and payment by SAVVIS of the segment
IRU fee. The agreements stipulate payments to Level 3 totaling approximately
$36.2 million. As of September 30, 2001, the Company has paid to Level 3
approximately $11.5 million pursuant to these agreements, which amounts were
funded by drawings on the Term Loan. Level 3 has alleged that the Company is
currently in default of these agreements.

The Company is presently in discussions with Level 3 regarding the termination
of the existing agreements and the procurement of future products and services.

As of September 30, 2001, after the write down of $31.5 million, the Company has
recorded approximately $3.5 million in its fixed assets in connection with the
fiber network deployment and deferred financing costs of $1.8 million associated
with the Term Loan are included as Other Non-Current Assets on the Company's
balance sheet.

WINSTAR - On June 30 and September 29, 2000, SAVVIS executed agreements and
acquired approximately $40 million of telecommunications equipment and related
services from Winstar. Upon execution of these agreements, the Company took
delivery of certain equipment and paid approximately $6 million to Winstar. Of
the remaining $34 million, Winstar has financed approximately $25 million over
six years at 11% interest. Payments on these notes commenced in the third
quarter of 2000. The remaining balance of approximately $9 million was recorded
in other accrued liabilities, with payments of approximately $2 million due
every three months until July 2001. As of September 30, 2001, approximately $4
million remains in other accrued liabilities. 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. As a result
of these developments the Company is considering its options with respect to its
dealings with Winstar - also see Note 5.


                                       13
<PAGE>

On September 25, 2001, Winstar filed suit in the Delaware Bankruptcy Court
seeking $38 million from the Company for the repayment of the note payable and
the professional services liabilities described above, as well as the refund of
$8.5 million of services prepaid by Winstar. We believe we have substantial
defenses to the suit.

LEASES - 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 $.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.

On February 18, 2000, the Company, as lessee, leased network assets under
capital leases with Bridge, as sublessor. Bridge leases these underlying assets
from General Electric Capital Corporation ("GECC"). The Company believes Bridge
has not made a number of payments to GECC, causing Bridge to be in default under
the sublease with SAVVIS. Accordingly, a portion of the Company's network assets
may be subject to repossession by GECC, which in turn, could cause a disruption
in our services being provided to our customers. In addition, SAVVIS did not
make the March, April, May, June and July 2001 payments amounting to $3 million
to Bridge, thus causing SAVVIS to be in default under its agreement with Bridge.
During August and September, Bridge made payments on our behalf totaling $0.9
million. We made a payment of $0.6 million in September. We anticipate entering
into a direct lease with GECC on similar economic terms as our sublease with
Bridge. The amount of the remaining obligation due to Bridge at September 30,
2001 is $7.8 million.

The Company has leased other network equipment under a number of capitalized
lease obligations directly with GECC. Beginning in April 2001, we did not make
the monthly payments aggregating approximately $1.7 million per month under
those leases causing a default in our agreement with GECC. On May 21, 2001, we
obtained a default waiver from GECC for all payments due under these lease
obligations for the months of April through August 2001. In consideration for
granting the waiver, SAVVIS immediately paid a $0.2 million fee. An additional
$0.2 million was paid on October 18, 2001. On August 29, 2001 the waiver was
extended to September 30, 2001 and expired on that day. We are presently in
discussions with GECC to restructure our obligations to them. A portion of the
Company's network assets may be subject to repossession by GECC subsequent to
the expiration of the waiver, which in turn, could cause a disruption in our
services being provided to our customers. The amount of the remaining obligation
due to GECC at September 30, 2001 is $51.0 million.

COMMUNICATIONS SERVICES COMMITMENTS - We have arrangements with various
suppliers of communications services that require us to maintain
minimum-spending levels, some of which increase over time. Our remaining
aggregate minimum spending levels are approximately $12 million, $57 million,
$58 million, $40 million and $13 million in years 2001 to 2005, respectively.
SAVVIS' current spending levels under these agreements are in excess of the
spending commitments. The majority of these minimum-spending commitments have
already been exceeded for the year 2001. 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 September
30, 2001, the maximum termination liability would amount to approximately $132
million.

OTHER - In August 2000, the Company entered into an agreement with Kiel Center
Partners, L.P. ("KCP") pursuant to which it acquired the naming rights to an
arena in St. Louis, MO for total consideration over the twenty-year term of the
agreement, of $72 million. The Company issued 750,000 shares of common stock in
satisfaction of its obligations for the first six years of the agreement. On
March 21, 2001, KCP notified the Company that it was in default under the
agreement claiming the possible future insolvency of SAVVIS. SAVVIS has recorded
as of September 30, 2001, approximately $4.7 million of deferred charges
resulting from the issuance of common


                                       14

<PAGE>

stock under this agreement. 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.

The Company is subject to various legal proceedings and other actions arising
from the Bridge Bankruptcy and the Company's lack of funding. These proceedings
and actions relate primarily to the non-payment of certain amounts due to the
Company's vendors, all of which have been accrued. 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, asset impairment, restructuring charges and non-cash
compensation charges. Financial information for the Company's geographic
segments for the three and nine months ended September 30, 2001 and 2000 is
presented below.

<TABLE>
<CAPTION>
                                               AMERICAS         EUROPE          ASIA        ELIMINATIONS       TOTAL
                                           --------------- --------------- --------------- --------------- --------------
<S>                                               <C>              <C>             <C>            <C>            <C>
    THREE MONTHS ENDED SEPTEMBER 30, 2001
    Revenue                                        48,741           5,734           3,877              --         58,352
    Adjusted EBITDA                               (18,340)           (314)           (357)             --        (19,011)
    Assets                                        263,216          13,360           5,785         (25,456)       256,905
    Capital Additions                               4,064              --              --              --          4,064

    THREE MONTHS ENDED SEPTEMBER 30, 2000
    Revenue                                        41,338           6,947           4,526              --         52,811
    Adjusted EBITDA                               (23,583)           (836)            (37)             --        (24,456)
    Assets                                        443,649           7,672           1,894          (7,894)       445,321
    Capital Additions                              64,319                                              --         64,319

    NINE MONTHS ENDED SEPTEMBER 30, 2001:
    Revenue                                       148,145          15,978          11,717              --        175,840
    Adjusted EBITDA                               (65,380)         (2,782)         (1,277)             --        (69,439)
    Assets                                        263,216          13,360           5,785         (25,456)        256,905
    Capital Additions                              33,032              --              --              --         33,032

    NINE MONTHS ENDED SEPTEMBER 30, 2000:
    Revenue                                       100,546          16,447          10,522              --        127,515
    Adjusted EBITDA                               (56,891)         (1,501)            (36)             --        (58,428)
    Assets                                        443,649           7,672           1,894          (7,894)       445,321
    Capital Additions                             293,695           7,896           6,505              --        308,096
</TABLE>

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


                                       15
<PAGE>



<TABLE>
<CAPTION>

                                                  THREE MONTHS ENDED               NINE MONTHS ENDED
                                                  ------------------               -----------------
                                           SEPTEMBER 30,     SEPTEMBER 30,    SEPTEMBER 30,     SEPTEMBER 30,
                                               2000             2001              2000             2001
                                         ----------------- ---------------- ----------------- ----------------
<S>                                              <C>              <C>              <C>              <C>
       Adjusted EBITDA                           (24,456)         (19,011)          (58,428)         (69,439)

       Plus adjustments as follows:
        Depreciation and amortization            (17,341)         (21,723)          (41,767)         (67,873)

       Interest, net                              (1,094)          (5,858)              (85)         (19,421)

       Non-cash compensation                      (4,275)          (3,300)          (12,450)          (9,943)

       Asset impairment and writedowns                --          (31,500)               --          (89,633)

       Restructuring charges                          --               --                --           (4,821)

                                         ================= ================ ================= ================
       Consolidated loss before income
        taxes                                    (47,166)         (81,392)         (112,730)        (261,130)
                                         ================= ================ ================= ================
</TABLE>



                                       16

<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, 2000 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 2000 ANNUAL REPORT ON FORM
10-K.

GENERAL

OVERVIEW

We are a growing provider of high quality, high performance global data
networking, Internet-related and managed hosting services to medium and large
businesses, multinational corporations and Internet service providers. We
currently provide our data networking, Internet access and hosting services
directly to 1,821 customers.

We began commercial operations in 1996, offering Internet access services to
local and regional Internet service providers. In April 1999, we were acquired
by Bridge Information Systems, Inc. ("Bridge"), a global provider of real-time
and historical financial information and news regarding stocks, bonds, foreign
exchange and commodities to the financial services industry. Bridge constructed
a highly redundant, fault tolerant network based on Internet protocol and ATM
technologies to service some of the largest financial institutions and
institutional investors in the world. In September 1999, the SAVVIS Intelligent
IP Network(SM) was created through the combination of the Internet protocol
network of Bridge, which was constructed to meet the exacting requirements of
the financial services industry worldwide, and the SAVVIS network, which was
constructed to provide high quality Internet access in the United States. Both
of these networks have been operational since 1996 and we refer to the combined
network as the "SAVVIS Intelligent IP Network(SM)."

On February 18, 2000, simultaneous with the completion of our initial public
offering, we acquired the Internet protocol network assets of Bridge for total
consideration of approximately $150 million and the employees of Bridge who
operate that network were transferred to us. This transaction significantly
expanded our managed data networking services, which we began offering in
September 1999. We also entered into a network services agreement with Bridge
pursuant to which Bridge agreed to use the SAVVIS Intelligent IP Network(SM) to
deliver Bridge's content and applications to its customers.

Our revenue is derived primarily from the sale of data networking, Internet
access and hosting services, with Bridge representing approximately 76% of our
total revenue for the nine-months ended September 30, 2001.


THE BRIDGE BANKRUPTCY

BRIDGE BANKRUPTCY AND ASSET PURCHASES FROM BRIDGE

On February 15, 2001, Bridge (which owns 48% of our common stock and represented
76% of our total revenues for the nine-months ended September 30, 2001) filed a
voluntary petition ("Bridge's Voluntary Petition") for relief under Chapter 11
of Title 11 of the United States Code, 11 U.S.C. Sections 101 et seq. (the
"Bankruptcy Code") in the United States Bankruptcy Court (the "Bankruptcy
Court") for the Eastern District of Missouri.

On September 28, 2001 Reuters America, Inc. ("Reuters") acquired certain of the
assets of Bridge (the "Reuters Asset Acquisition") and entered into a network
services agreement with SAVVIS. As a result, SAVVIS expects Reuters will become
its largest customer representing approximately 50% of SAVVIS' revenue.


                                       17
<PAGE>

In connection with the Reuters Asset Acquisition, Reuters received an option to
acquire and vote up to approximately 45 million shares of SAVVIS common stock
currently owned by Bridge. The option, which expires on December 27, 2001, may
be exercised at the greater of $2.50 per share or the volume weighted average
trading price of SAVVIS common stock during the five trading day period
immediately preceding the date on which Reuters gives notice of its exercise. In
addition, Reuters Holdings Switzerland SA ("Reuters SA") acquired $37.5 million
aggregate principal amount of the Company's 12% convertible senior secured
notes, which are convertible into approximately 28.7 million shares of SAVVIS
common stock.

On October 17, 2001, MoneyLine Networks, Inc.("MoneyLine") acquired
substantially all of Bridge's remaining operating assets (the "MoneyLine Asset
Acquisition"). MoneyLine has entered into a binding letter of intent to enter
into a network services contract with us. We expect MoneyLine will represent
approximately 30% of our revenue.


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. Our results
of operations, financial position and cash flows subsequent to the purchase of
Bridge's network and the execution of the related agreements is not comparable
to prior periods.

THREE MONTHS ENDED SEPTEMBER 30, 2001 AS COMPARED TO THE THREE MONTHS ENDED
SEPTEMBER 30, 2000

Revenue

Revenue was $58.4 million for the three-months ended September 30, 2001, an
increase of $ 5.5 million or 10.5%, from $52.8 million for the three-months
ended September 30, 2000. The revenue growth resulting from the initiation of
Intelligent IP network services, accounted for $5.3 million of the increase.
Internet access revenues decreased 15% to $7.4 million in the third quarter of
2001, compared to $8.6 million for the comparable period in 2000. Hosting and
colocation revenue was $2.6 million, related to the initiation of this product
offering late in 2000. Other revenues, consisting of installation and equipment
sales, increased from $0.6 million in 2000 to $ 0.8 million for the third
quarter of 2001.

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 $57.7 million for the quarter
ended September 30, 2001; a decrease of $3.9 million from $61.6 million for the
quarter ended September 30, 2000.

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 $7.5 million for the three-months ended September 30, 2001, down
12.3% or $1.1 million as compared to the third quarter of 2000. This decrease is
principally attributed to increased personnel related costs and sales
commissions of $0.8 million associated with the growth in sales and marketing
staff and offset by a decrease in advertising and marketing costs of $1.9
million.

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
$12.1 million for the three-months ended September 30, 2001 and $7.0 million for
the three-months ended September 30, 2000, an increase of $5.1 million or 72%.
This increase resulted primarily from a bad debt expense increase from $0.5
million in 2000 versus


                                       18
<PAGE>

$5.6 million for the three-months ended September 30, 2001. Of this $5.6 million
for bad debt, $4.7 related to Bridge Canada.

Non-cash Equity-based Compensation

Non-cash equity-based compensation expense was $3.3 million for the three-months
ended September 30, 2001, a decrease of $1.0 million from the three-months ended
September 30, 2000. 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 of Bridge in 1999 and 2000.

Depreciation and Amortization

Depreciation and amortization expense was $21.7 million for the three-months
ended September 30, 2001, an increase of $4.4 million from the three-months
ended September 30, 2000. This increase resulted from network equipment
acquisitions.

Interest

Interest income amounted to $0.1 million in the quarter ended September 30,
2001, a decrease of $1.6 million from the three-months ended September 30, 2000
due to a reduction of our cash balances. Interest expense for the quarter-ended
September 30, 2001 amounted to $6.0 million, an increase of $3.1 million from
the comparable period in 2000. This increase is attributable to interest expense
on capital equipment financing and convertible senior secured notes.

Net Loss

The net loss for the three months ended September 30, 2001 was $81.4 million, or
$0.89 basic and fully diluted loss per share, an increase of $34.2 million from
the net loss for the three-months ended September 30, 2000 of $47.2 million, or
$0.53 per share. The primary reasons for the increase in net loss are:

o    Asset impairment charges of $31.5 million

o    The $4.4 million increase in depreciation and amortization expense due
     primarily to the acquisition of network equipment.

o    Increased general and administrative expenses of $5.1 million related to
     increased bad debt expense.

o    An increase in interest expense of $3.1 million related to capital
     equipment financing and convertible senior secured notes.

o    A decrease in interest income of $1.6 million related to a decrease in
     invested cash


Nine Months Ended September 30, 2001 as Compared to the Nine Months Ended
September 30, 2000


Revenue

Revenue was $175.8 million for the nine months ended September 30, 2001, an
increase of $48.3 million or 38%, from $127.5 million for the nine months ended
September 30, 2000. The revenue growth resulting from the initiation of managed
data network services, including services under the Bridge network services
agreement entered into on February 18, 2000, accounted for $39.5 million of the
increase. Internet access revenues increased 2% to $23.7 million for the nine
month period in 2001, compared to $23.3 million for the comparable period in
2000. Hosting and colocation revenue was $7.5 million, related to the initiation
of this product offering late in 2000. These increases were driven by an
increase in active customers of 12% to 1,821 as of September 30, 2001 from 1,627
as of the end of the third quarter in 2000. Other revenues, consisting of
installation and equipment sales, increased from $1.5 million in 2000 to $2.6
million for the first nine months of 2001.


                                       19
<PAGE>

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 $189.3 million for the nine
months ended September 30, 2001; an increase of $44.2 million from $ 145.1
million for the nine months ended September 30, 2000. The increase in expenses
related principally to a full nine months of costs incurred by SAVVIS to operate
the Internet protocol network acquired from Bridge since February 18, 2000 and
other increases in the number of leased long distance, dedicated customer and
dial-up circuits to support the increased customer circuits in operation.

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 $26.8 million for the nine months ended September 30, 2001, up 13%
or $3.1 million as compared to the same period of 2000. This increase is
principally attributed to increased personnel related costs and sales
commissions of $6.0 million associated with the growth in sales and marketing
staff offset by a decrease in advertising and marketing expenses of $3.8
million.


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
$29.1 million for the nine-months ended September 30, 2001 and $17.1 million for
the nine-months ended September 30, 2000, an increase of $12.1 million or 71%.
This increase resulted from increased personnel costs of $1.6 million to support
the expansion of the customer base and the overall growth of the business, an
increase of $0.7 million in services provided by Bridge under an Administrative
Services agreement and an increase of $2.1 million in taxes and licenses expense
related principally to property taxes on network assets. Bad debt expense
amounted to $0.7 million in 2000 versus $8.3 million for the nine-months ended
September 30, 2001.

Non-cash Equity-based Compensation

Non-cash equity-based compensation expense was $9.9 million for the nine-months
ended September 30, 2001, a decrease of $2.5 million from the nine-months ended
September 30, 2000. 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 of Bridge in 1999 and 2000.

Depreciation and Amortization

Depreciation and amortization expense was $67.9 million for the nine-months
ended September 30, 2001, an increase of $26.1 million from the nine-months
ended September 30, 2000. This increase resulted primarily from $21.5 million in
increased depreciation on the network acquired on February 18, 2000 and
subsequent network equipment acquisitions.

Interest

Interest income amounted to $0.7 million in the nine-months ended September 30,
2001, a decrease of $4.7 million from the nine-months ended September 30, 2000.
Interest expense for the period ended September 30, 2001 amounted to $20.1
million, an increase of $14.6 million from the comparable period in 2000. This
increase is attributable to interest expense on capital equipment financing
incurred since the acquisition of the Internet protocol network in February 2000
and convertible senior secured notes and the write-off of deferred financing
charges.


                                       20
<PAGE>

Net Loss.

The net loss for the nine-months ended September 30, 2001 was $261.1 million, or
$2.84 basic and fully diluted loss per share, an increase of $ 148.4 million
from the net loss for the nine-months ended September 30, 2000 of $ 112.7
million, or $1.31 per share. The primary reasons for the increase in net loss
are:

   o   Asset impairment charges of $89.6 million and restructuring charges of
       $4.8 million and writedown of deferred financing charges of $3.8 million.

   o   The $26.1 million increase in depreciation and amortization expense due
       primarily to the acquisition of the Internet protocol network from Bridge
       and other network equipment.

   o   Increased sales and marketing expenses of $3.1 million related to growth
       in staff.

   o   Increased general and administrative expenses of $12.1 million related
       to growth in staff, increased property taxes, and increased bad debt
       expense.

   o   An increase in interest expense of $14.6 million related to capital
       equipment financing and convertible senior secured notes.

   o   A decrease in interest income of $4.8 million related to a decrease in
       invested cash.


LIQUIDITY AND CAPITAL RESOURCES

We generated negative cash flows from operations of $57.8 million and $42.0
million for the nine-month periods ended September 30, 2001 and 2000,
respectively. This increase in negative cash flow primarily resulted from
personnel costs, sales and marketing efforts, general and administrative
enhancements, and cash interest costs necessary to support the increase in our
customer base, internal infrastructure support and growth, and financing costs
for network equipment purchases.

Net cash used in investing activities for the nine-months ended September 30,
2001 was approximately $22.4 million, which primarily reflects the purchase of
network equipment and data center construction. Amounts owed to Bridge have been
applied, pursuant to existing rights of offset, against the outstanding
receivable from Bridge as of September 30, 2001.

Capital expenditures for fixed assets totaled approximately $22.4 million in the
nine-month period ended September 30, 2001, excluding approximately $10.4
million that has been financed under existing financing arrangements and $15
million accrued but unpaid as of September 30, 2001, $12 million of which
represents sales tax liabilities due over 7 years. We expect to incur capital
expenditures of approximately $2 million for the remainder of 2001 to support
the anticipated growth in our customer base.

The Company has leased other network equipment under a number of capitalized
lease obligations directly with GECC. Beginning in April 2001, we did not make
the monthly payments aggregating approximately $1.7 million per month under
those leases causing a default in our agreement with GECC. On May 21, 2001, we
obtained a default waiver from GECC for all payments due under these lease
obligations for the months of April through August 2001. In consideration for
granting the waiver, SAVVIS immediately paid a $0.2 million fee. An additional
$0.2 million was paid on October 18, 2001. On August 29, 2001 the waiver was
extended to September 30, 2001 and expired on that date. We are presently in
discussions with GECC to restructure our obligations to them. A portion of the
Company's network assets may be subject to repossession by GECC subsequent to
the expiration of the waiver, which in turn, could cause a disruption in our
services being provided to our customers.

In 2000, we entered into a Term Loan with Nortel for the financing of
approximately $235 million of network equipment, installation services and third
party expenses. Also in 2000 we entered into an agreement with Nortel to
purchase and take delivery of products and services from Nortel in the amount of
$155 million from the date of the agreement through December 31, 2003, and we
entered into an arrangement with Level 3 to purchase IRU segments in Level 3's
fiber network. The arrangement with Level 3 stipulates payments to Level 3
totaling approximately $36.2 million, of which $11.5 million has been paid to
Level 3, which amounts were funded by drawings


                                       21
<PAGE>

on the Term Loan. As of September 30, 2001, we have drawn approximately $85
million under the Term Loan, including approximately $4 million in August 2001.
All amounts drawn have been recorded in notes payable - current, because of our
default under the agreement. In connection with the Reuters financing (as
discussed below), the Company has paid the past due interest and commitment fees
due through August 31, 2001. As a result, Nortel rescinded the acceleration of
the Term Loan September 30, 2001, waived all defaults under the Term Loan
through September 2001, deferred all payments of interest from April 1, 2001
through September 30, 2001 and modified certain other provisions of the Term
Loan including limiting the Company's ability to incur any additional debt.
Nortel's waiver of defaults under the Term Loan expired on September 30, 2001.
The Company is presently in discussions with Nortel and Level 3 regarding the
termination of the existing agreements and the restructuring of the Term Loan.

On February 20, 2001, Welsh Carson purchased $20 million of 10% convertible
senior secured notes due 2006, convertible into common stock at $1 5/16 per
share. The notes are collateralized by the Company's data center building
located in St. Louis, MO. Interest is payable in kind, compounded on a
semi-annual basis, in the form of additional notes, which are convertible into
common stock at a conversion price of $1 5/16 per share commencing August 31,
2001 through maturity. Under the terms of the notes, Welsh Carson has the right
to declare the notes due and payable upon the acceleration of any of our other
indebtedness. As a result of the Nortel acceleration, these notes have been
classified as currently due in the September 30, 2001 balance sheet. In
connection with the Reuters financing, we obtained a waiver of the acceleration
provisions through September 30, 2001.

On May 16, 2001, the Company entered into a Securities Purchase Agreement with
Reuters SA. Reuters SA agreed to purchase up to $45 million of 12% convertible
senior secured notes due 2005 which are convertible into common stock at $1.35
per share. $10 million of notes were issued on each of May 16, 2001 and on June
1, 2001 and $7.5 million on July 2, 2001, $2.5 million on August 1, 2001, and
$7.5 million on September 4, 2001.

In connection with the asset purchase agreement between Bridge and Reuters,
Reuters has entered into an agreement with SAVVIS under which SAVVIS would
provide Internet Protocol network services, Internet access, and co-location
services for a period of five years. The 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 for SAVVIS between May 3,
2001 and September 28, 2001. Also pursuant to this agreement, the 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.

We anticipate the global monthly billings under the Reuters network services
agreement initially to be approximately $10 million per month.

In connection with the MoneyLine Asset Acquisition, MoneyLine has entered into a
binding letter of intent to enter into a network services agreement with SAVVIS.
The letter of intent calls for MoneyLine to buy $200 million of services
according to the following minimums: $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. We expect billings initially to be approximately $6 million per
month. The Company expects the existing network services agreements between
Bridge and SAVVIS will be terminated in the near future.

We have arrangements with various suppliers of communications services that
require us to maintain minimum spending levels some of which increase over time.
Our remaining aggregate minimum spending level is approximately $12 million, $57
million, $58 million, $40 million and $13 million in years 2001 to 2005,
respectively. SAVVIS' current spending levels under these agreements are in
excess of the spending commitments. The majority of these minimum-spending
commitments have already been exceeded for the year 2001. 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


                                       22
<PAGE>

terminate all of these agreements as of September 30, 2001, the maximum
termination liability would amount to approximately $132 million.

We may meet our funding needs beyond 2001 through a combination of equity
investments, debt financings, renegotiation of repayment terms on existing debt
and sales of assets and services. We have retained Merrill Lynch & Co. to advise
us in our discussions with potential strategic partners.

If the Company is successful in raising additional funds, we plan to manage our
working capital requirements by implementing changes intended to improve
operating results in future periods. These changes may include additional
personnel reductions, elimination of non-essential expenditures, and
compensation freezes. The Company will continue to evaluate its performance to
identify additional areas of working capital savings that may be available.
SAVVIS has retained Merrill Lynch & Co. as a financial advisor to assist in
exploring financing alternatives and/or the sale of the Company. No assessment
can be made of the likelihood that the Company's plans to manage its working
capital requirements or Merrill Lynch's review will lead to plans and actions
which management can effectively implement or if implemented, any such plans and
actions will result in the Company continuing as a going concern.

Assuming Reuters, Moneyline and our other customers continue to make payments to
us for services rendered and that our principal creditors do not accelerate the
debts we owe to them, we should have enough cash to sustain our operations
through December 2001. Based upon our current operating plans and assuming we do
not proceed with the fiber network deployment, we will require approximately $70
million to fund our operating losses, working capital needs and capital
expenditure requirements through the end of 2002. Should we be unsuccessful in
our efforts to raise additional capital, we may be required to cease operations
or declare bankruptcy.


ITEM 3.  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Our primary market risk exposures relate to changes in interest rates. As we
have continued 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,
including our note payable to Bridge 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, with the exception of amounts
drawn under the Term Loan facility with Nortel, 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. Borrowings under the Nortel Term
Loan facility bear interest at a market-based variable rate. The basis for the
variable rate is selected by the Company, along with the interest rate period,
which may range from overnight to six months. At the end of the interest rate
period, the rate is reset in accordance with the Company's selection and changes
in market rates. Due to the relatively short nature of the interest rate
periods, we do not expect our operating results or cash flow to be materially
affected by changes in market interest rates. As of September 30, 2001, the
aggregate fair value of our borrowings approximated their carrying value.

Prior to our purchase of the network assets from Bridge in February 2000,
changes in foreign exchange rates did not impact our results of operations. For
the nine-months ended September 30, 2001, approximately 23% of our total service
revenue was derived from operations outside the United States and approximately
21% of our total data communications and operations costs were incurred outside
the United States. 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.


                                       23

<PAGE>


PART II.   OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

The Company is subject to various legal proceedings and other actions arising
from the Bridge Bankruptcy and the Company's lack of funding. These proceedings
and actions relate primarily to the non-payment of certain amounts due to the
Company's vendors, all of which have been accrued. 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 other than disclosed in these
financial statements.

ITEM 2.  CHANGES IN SECURITIES AND USE OF PROCEEDS

Between July 1, 2001 and September 30, 2001, we granted options to purchase
43,000 shares of our common stock each at an exercise price of $0.70 per share,
and options to purchase 59,500 shares, each at an exercise price of $0.72 per
share and options to purchase 82,000 shares each at an exercise price of $0.99
per share. All of these options were granted pursuant to our 1999 Incentive
Stock Option Plan. 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 September 30, 2001, proceeds of approximately $10
thousand were generated from the exercise of options for 19,875 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.


ITEM 3. DEFAULTS UPON SENIOR SECURITIES

During 2000, the Company entered into a financing and a purchase agreement with
Nortel. This agreement called for the Company to purchase and take delivery of
products and services in the amount of $235 million from the date of the
Agreement through December 31, 2003. As of September 30, 2001, the Company has
drawn approximately $85 million under this financing arrangement for the
purchase of equipment and services and other third-party costs. The Bridge
bankruptcy filing represented a default under this facility and resulted in the
automatic acceleration of all amounts outstanding. On June 30, 2001, the Company
defaulted on the payment of approximately $1.2 million of interest and
commitment fees due to Nortel under the term loan. On May 21, 2001, the Company
and Nortel entered into an amendment to the agreement, providing for, among
other things, a waiver of the existing defaults under the agreement through the
earlier of August 31, 2001 or the occurrence of certain specified events. On
September 4, 2001, this waiver was extended to September 30, 2001 and the
Company paid all past due interest through August 31, 2001. The waiver has now
expired and accordingly the Company is in default under the agreement.

The Company has leased network equipment under a number of capitalized lease
obligations directly with GECC. Beginning in April 2001, the Company did not
make the monthly payments aggregating approximately $1.7 million per month under
those leases causing a default in the Company's agreement with GECC. On May 21,
2001, the Company obtained a default waiver from GECC for all payments due under
these lease obligations for the months of April through the earlier of September
30, 2001 or the occurrence of certain specified events. In consideration for
granting the waiver, SAVVIS immediately paid a $.2 million fee. An additional
$0.2 million was paid on October 18, 2001. On August 29, this waiver was
extended to September 30, 2001. The waiver has now expired and accordingly the
Company is in default under the agreement.A portion of the Company's network
assets may be subject to repossession by GECC, which in turn, could cause a
disruption in the Company's services being provided to its customers.

The defaults under these agreements also constitute an event of default under
the terms of the convertible senior secured notes issued to Reuters SA and Welsh
Carson.


                                       24
<PAGE>


ITEM 4. EXHIBITS AND REPORTS ON FORM 8-K.

(a) Exhibits. None.

EXHIBIT INDEX

Number   Exhibit Description
------   -------------------

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

10.1     Agreement Regarding the Supplemental Terms of the Interim SAVVIS
         Financing as Approved by the May 3, 2001 Order of the United States
         Bankruptcy Court for the Eastern District of Missouri.

10.2     First Amendment to Amended and Restated Credit Agreement, dated as of
         May 21, 2001, by and among the Registrant, SAVVIS Communications
         Corporation, a Missouri corporation and Nortel Networks Inc. and the
         lenders named therein.

10.3     First Amendment to Amended and Restated Pledge and Security Agreement,
         dated as of May 21, 2001, by and between SAVVIS Communications
         Corporation, a Missouri corporation and Nortel Networks Inc., as
         administrative agent for the lenders.

10.4+    Network Services Agreement, dated as of September 28, 2001, by and
         between the Registrant and Reuters Limited.

10.5+    Transitional Services Agreement, dated as of September 28, 2001, by
         and between the Registrant and Reuters Limited.

10.6+    Co-location Agreement, dated as of September 28, 2001, by and between
         SAVVIS Communications Corporation, a Missouri corporation, and Reuters
         America Inc.

10.7     Ground Lease, effective as of February 18, 2000, by and between
         SAVVIS Communications Corporation, a Missouri corporation, and
         Reuters America Inc.

11.1     Calculation of Basic and Diluted per share and weighted average shares
         used in EPS calculation


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


+ 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 July 17, 2001, SAVVIS filed a Current Report on Form
8-K. This Report was amended on July 18, 2001 and July 20, 2001.

                                       25


<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    November 14, 2001               By:  /s/  Robert McCormick
     -------------------------        ---------------------------------------
                                      Robert McCormick
                                      Chief Executive Officer

Date      November 14, 2001             By:  /s/  David J. Frear
     -------------------------        ---------------------------------------
                                      David J. Frear
                                      EVP & Chief Financial Officer







                                       26