8-K/A

                          WASHINGTON, DC  20549



                                 FORM 8-K
                              CURRENT REPORT



                    Pursuant to Section 13 or 15(d) of
                   the Securities Exchange Act of 1934



            Date of Report (Date of earliest event reported):
                            April 24, 1998


                            CAMBEX CORPORATION
                           (Name of Registrant)



Massachusetts                   0-6933                   04-2442959
(State or other                 (Commission File         (I.R.S. Employer
jurisdiction of                 Number)                  Identification
incorporation)                                           Number)




                            360 Second Avenue
                            Waltham, MA  02154
                 (Address of principal executive offices)




                              (781) 890-6000
           (Registrant's telephone number, including area code)





ITEM 4.      CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT

         (a) On April 24, 1998, the registrant engaged Belanger & Company,P.C.
             as its accountant to replace Arthur Andersen LLP. 
         (b) Arthur Andersen LLP were the independent auditors for the Company
             since 1970. There have been no disagreements with Arthur
             Andersen LLP on any matter of accounting principles
             or practices, financial disclosure, auditing scope or
             procedure or any reportable events during any of the years for
             which Arthur Andersen LLP served as independent auditors for
             the Company or the subsequent interim period.
         (c) For the year ended December 31, 1996, Arthur Andersen LLP rendered
             a qualified report as to the financial statements of the Company,
             such qualification being subject to the ability of the Company
             to continue as a going concern. The Company did not disagree
             with the qualification.
         (d) The Company has requested Arthur Andersen LLP to furnish it with
             a letter addressed to the Securities and Exchange Commission
             stating whether they agreed with the statements made by the
             Company herein. A copy of Arthur Andersen's letter to the
             Securities and Exchange Commission, dated April 29, 1998
             is filed as an exhibit to the Form 8-K.
             


                                SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the 
Registrant has duly caused this report to be signed on its behalf by the 
undersigned hereunto duly authorized.



Cambex Corporation

By: /s/      Sheldon M. Schenkler
             Vice President of Finance and
             Chief Financial Officer




Date:  May 4, 1998

EX-16

                        Arthur Andersen LLP
                        225 Franklin Street
                        Boston, MA 02110-2812

April 29, 1998

Office of the Chief Accountants
SECPS Letter File
Securities and Exchange Commission
Mail Stop 9-5
450 Fifth Street, N.W.
Washington, DC 20549

Dear Sirs:

We have read Items (a) through (d) included in the attached Form 8-K
of Cambex Corporation to be filed with the Securities and Exchange
Commission and are in agreement with the statements contained herein.

Very truly yours,
Arthur Andersen LLP

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