MANAGEMENT SCIENCE AMERICA INC <MSAI.O> 1ST QTR
Shr loss 29 cts vs loss two cts
    Net loss 5,168,000 vs loss 410,000
    Revs 46.5 mln vs 29.4 mln
    Avg shrs 17.6 mln vs 17.1 mln
    NOTE: Net includes tax credits of 3,938,000 dlrs vs 394,000
dlrs.
 Reuter
