Optical Cable Corporation

Ticker: OCCF		5290 Concourse Drive
Exchange: NASDAQ-National Market		Roanoke, Virginia 24019
Industry: Manufacturing		(540) 265-0690

Type of Shares:	Common Shares	Filing Date:	9/5/95
U.S. Shares:	1,500,000	Offer Date:	3/6/96
Non-U.S. Shares:	0	Filing Range:	$7.50 - $9.50
Primary Shares:	1,500,000	Offer Price:	$10.00
Secondary Shares:	0	Gross Spread:	$0.50
Offering Amount:	$12,750,000	Selling:
Expenses:	$1,000,000	Reallowance:
Shares Out After:	10,500,000

Manager	Tier	Phone
Non-Underwritten	Lead Manager

Auditor: KPMG Peat Marwick
	Audited Income	Latest Unaudited Income	Prior Unaudited Income		Balance Sheet
	10/31/95				10/31/95
Revenue:	$36.36			Assets:	$18.82
Net Income:	$5.45			Liabilities:	$3.87
EPS:	$0.58			Equity:	$14.95
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year

Business Description

The company manufactures and markets a broad range of fiber optic cables for "high band-width" transmission through computer systems of data, video and audio communications over moderate distances up to 10 miles. The company's cables can be used both indoors and outdoors, are easy and economical to install, and provide a high degree of reliability. The company believes that its products are widely accepted for use in fiber optic local area networks and are increasingly accepted in other communications applications. The company's products directly address the needs of the moderate distance market by utilizing a tight-buffered coating that protects the optical fiber and a cable design that achieves superior mechanical and environmental performance. The company's products are derived from technology originally developed for military applications requiring very rugged, flexible and compact fiber optic cables.

Use of Proceeds

Proceeds from the offering will be used to expand its manufacturing capacity, the repayment of debt and other general corporate purposes.

Last updated: 10/28/96