Miami Computer Supply Corporation

Ticker: MCSC		3884 Indian Ripple Road
Exchange: NASDAQ-National Market		Dayton, Ohio 45440
Industry: Service		(937) 429-5211

Type of Shares:	Common Shares	Filing Date:	9/25/96
U.S. Shares:	1,000,000	Offer Date:	11/12/96
Non-U.S. Shares:	0	Filing Range:	$7.00 - $9.00
Primary Shares:	1,000,000	Offer Price:	$8.50
Secondary Shares:	0	Gross Spread:	$0.68
Offering Amount:	$8,000,000	Selling:	$0.40
Expenses:	$360,000	Reallowance:	$0.10
Shares Out After:	3,388,000

Manager	Tier	Phone
Friedman, Billings, Ramsey & Co., Inc.	Lead Manager	(703) 312-9500

	Audited Income	Latest Unaudited Income	Prior Unaudited Income		Balance Sheet
	12/31/95	6/30/96	6/30/95		6/30/96
Revenue:	$43.32	$26.25	$21.38	Assets:	$13.02
Net Income:	$0.79	$0.54	$0.37	Liabilities:	$9.85
EPS:	$0.33	$0.23	$0.16	Equity:	$3.17
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year

Business Description

MIami Computer Supply Corporation is a distributor of computer and office automation supplies and accessories, including a line of computer projection products, principally in the midwest and northeast regions of the United States and in foreign countries The company distributes over 1800 different core products primarily to middle market and smaller companies and to governmental, educational and institutional customers, including federal, state and local governmental agencies, universities and hospitals and, to a lesser extent, to computer supply dealers. The company's net sales increased from $19.6 million in fiscal year 1991 to $43.3 million in fiscal year 1995, a compound annual growth rate of 22%, while operating income has increased from $.5 million to $1.6 million over the same period, a compound annual growth rate of 34%.

Use of Proceeds

The proceeds from the proposed offering will be used to repay indebtedness, for working capital and general corporate purposes and to finance the expansion of the company's business.

Last updated: 12/8/96