UNITED STATES
                          SECURITIES AND EXCHANGE COMMISSION
                                WASHINGTON, D.C. 20549

                                      FORM 12b-25

                                                       SEC File Number 01-10076
                                                            CUSIP Number 038229

                              NOTIFICATION OF LATE FILING
                                      (CHECK ONE):

  / /Form 10-KSB  / /Form 11-K  / /Form 20-F  /X/Form 10-QSB  / /Form N-SAR

                 For Period Ended: February 29, 1996
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If the notification relates to a portion of the filing checked above, identify
the Item(s) to which the notification relates:

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PART I -- REGISTRANT INFORMATION

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Full Name of Registrant:  APPLIED RESEARCH CORPORATION

Former Name if Applicable:

Address of Principal Executive Office (Street and Number)

                        8201 Corporate Drive, Ste. 1120
                             Landover, Maryland 20785
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PART II -- RULES 12b-25(b) AND (c)

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If the subject report could not be filed without unreasonable effort or
expense and the registrant seeks relief pursuant to Rule 12b-25(b), the
following should be completed. (Check box if appropriate)

/ /   (a)   The reasons described in reasonable detail in Part III of this 
            form could not be eliminated without unreasonable effort or 
            expense;
/X/   (b)   The subject annual report, semi-annual report, transition report
            on Form 10-K, Form 20-F, 11-K or Form N-SAR, or portion thereof,
            will be filed on or before the fifteenth calendar day following
            the prescribed due date; or the subject quarterly report of 
            transition report on Form 10-Q, or portion thereof will be filed
            on or before the fifth calendar day following the prescribed due
            date; and

/ /    (c)  The accountant's statement or other exhibit required by Rule
            12b-25(c) has been attached if applicable.






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PART III -- NARRATIVE

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State below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q,
N-SAR, or the transition report or portion thereof, could not be filed within 
the prescribed time period.

The Registrant is unable to file its Quarterly Report on Form 10-QSB within 
the prescribed time period because the Company has experienced some 
difficulty in compiling its financial records to complete the preparation of 
the unaudited financial statements for the relevant fiscal quarter.

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PART IV -- OTHER INFORMATION

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(1) Name and telephone number of person to contact in regard to this
    notification


                           Nathan L. Stone, Esq.
                              1507 Pine Street
                          Boulder, Colorado 80302
                              (303) 449-2100


(2) Have all other periodic reports required under Section 13 or 15(d) of the
    Securities Exchange Act of 1934 or Section 30 of the Investment Company 
    Act of 1940 during the preceding 12 months or for such shorter period 
    that the registrant was required to file such report(s) been filed? 
    If answer is no, identify report(s).                      /X/ Yes  / / No


(3) Is it anticipated that any significant change in results of operations 
    from the corresponding period for the last fiscal year will be reflected
    by the earnings statements to be included in the subject report or 
    portion thereof?                                          / / Yes  /X/ No

    If so, attach an explanation of the anticipated change, both narratively 
    and quantitatively, and, if appropriate, state the reasons why a reasonable
    estimate of the results cannot be made.


                         APPLIED RESEARCH CORPORATION
                 (Name of Registrant as Specified in Charter)

    has caused this notification to be signed on its behalf by the undersigned
    hereunto duly authorized.


    Date:  APRIL 12, 1996             By  /s/ S.P.S. ANAND
           ------------------------       ----------------------------
                                          S.P.S. Anand, President and CEO

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