ZOOM TELEPHONICS, INC.
Consolidated Balance Sheets
( 000's )

                                     JUNE 30,         DEC 31,
                                       1996            1995
                                   (Unaudited)       (Audited)

Assets

Current assets:

Cash                                 $  11,064       $     151
Accounts receivable, net                10,385          20,396
Inventories                             21,920          24,174
Deferred income taxes                    3,280           1,513
Prepaid expenses and other                 180             222

Total current assets                    46,829          46,456

Property and equipment, net              3,699           3,139

Other non-current assets                 1,424               -

                                      $ 51,952         $49,595

Liabilities and Stockholders' Equity

Current liabilities:

Credit line payable             $          -    $        2,500
Accounts payable                         3,729          18,635
Accrued expenses                           949             949
Accrued income taxes                       -               237

Total current liabilities                4,678          22,321

Stockholders' equity:

Common stock                            24,820           7,290
Retained earnings                       22,454          19,984

Total stockholders' equity              47,274          27,274
                                      $ 51,952         $49,595