Fourth Quarter 1997 Financial Data
                      ZOOM TELEPHONICS, INC.

                   Consolidated Balance Sheets
                            ( 000's )



                                      DEC 31,       DEC 31,
                                       1997          1996
                                    (Unaudited)   (Unaudited)

ASSETS

Current assets:

      Cash                             $11,281       $ 9,172
      Accounts receivable, net          13,189        18,970
      Inventories                       12,034        19,058
      Recoverable income taxes           3,668         1,219
      Deferred income taxes              2,514         2,033
      Prepaid expenses and other           390           532
                                        ------        ------
           Total current assets         43,076        50,984

Property and equipment, net              3,968         4,081

Other non-current assets                 1,471         1,717
                                        ------        ------
                                       $48,515       $56,782
                                        ------        ------

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

      Credit line payable              $     -       $     -
      Accounts payable                   6,204         8,074
      Accrued expenses                   1,808         1,353
      Accrued income taxes                   -             -
                                        ------        ------
           Total current liabilities     8,012         9,427
                                        ------        ------

Stockholders' equity:

      Common stock                      25,170        24,890
      Retained earnings                 15,333        22,465
                                        ------        ------
           Total stockholders' equity   40,503        47,355
                                        ------        ------
                                       $48,515       $56,782
                                        ------        ------