SECURITIES AND EXCHANGE COMMISSION
                     Washington, DC 20549
                               
                           FORM 10-K


Annual report pursuant to Section 13 or 15(d) of the Securities
Exchange Act of  1934

For the fiscal year ended September 30, 1996      
Commission file number 0-25492


                IPC INFORMATION SYSTEMS, INC.   
   (Exact Name of Registrant as Specified in Its Charter)
                              
                              
                              
                              
                              
                              
                                                     
             DELAWARE                           58-1636502
 (State or Other Jurisdiction of               (IRS Employer
  Incorporation or Organization)              Identification
                                                   No.)
                                                     
        Wall Street Plaza                            
          88 Pine Street                             
        New York, New York 				   10005
 (Address of Principal Executive                 Zip Code
             Offices)                                
                                                     
                              
                       (212) 825-9060
(Registrant's Telephone Number, Including Area Code)
                              
Securities registered pursuant to Section 12 (b) 
of the Act:None
                              
Securities registered pursuant to Section 12(g) of the Act:
                               
         Title of Class: Common Stock, $.01 Par Value
                               
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 ____

Indicate  by  check  mark if disclosure  of  delinquent  filers
pursuant to Item 405 of Regulation S-K is not contained  herein
and  will  not  be  contained, to the best of the  registrant's
knowledge,   in  definitive  proxy  or  information  statements
incorporated by reference in Part III of this Form 10-K or  any
amendment to this Form 10-K.___

The  aggregate market value of the voting stock  held  by  non-
affiliates  of  the  Registrant as of November  29,  1996,  was
approximately  $75.3  million based upon the  last  sale  price
reported for such date on the Nasdaq Stock Market.

The   number  of  shares  of  the  Registrant's  Common   Stock
outstanding as of  November 29, 1996 was 10,650,172.

              DOCUMENTS INCORPORATED BY REFERENCE

Portions  of  the  definitive Proxy Statement  for  the  Annual
Meeting  of Stockholders of IPC Information Systems, Inc.  (the
"Proxy Statement"), scheduled to be held on February 14,  1997,
are  incorporated by reference in Part III of  this  Report  on
Form 10-K.


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                          SIGNATURES

     Pursuant to the requirements of Section 13 or 15(d) 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.

                              IPC INFORMATION SYSTEMS, INC.



Date: December 27, 1996            By:/s/ Terry Clontz
                                    Terry Clontz
                                    President and Chief
                                    Executive Officer

      Pursuant  to the requirements of the Securities  Exchange
Act of 1934, this report has been signed below by the following
persons  on behalf of the Registrant and in the capacities  and
on the dates indicated.


          Signature                  Title         Date
                                                   

 /s/ RICHARD P. KLEINKNECHT  Chairman         December 27, 1996
   Richard P. Kleinknecht                          
                              
  /s/ PETER J. KLEINKNECHT   Vice Chairman    December 27, 1996
    Peter J. Kleinknecht                           
                              
      /s/ TERRY CLONTZ       Chief Executive  December 27, 1966
        Terry Clontz          Officer,            
                              President and        
                              Director
                              (Principal           
                              Executive Officer)
                                                   
   /s/  KEVIN M. ESPOSITO    Chief Accounting December 27, 1996
      Kevin M. Esposito       Officer              
                              (Principal           
                              Financial Officer)
                              (Principal           
                              Accounting Officer)
                                                   
   /s/ ROBERT J. MCINERNEY   Director         December 27, 1996
     Robert J. McInerney
                                
                              
                              

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