Natural MicroSystems Corporation

PART IV

ITEM 14

Exhibits, Financial Statement Schedules and Reports on Form 8K

(A) (1) FINANCIAL STATEMENTS

The following are included in Part II of this report:
Report of Independent Accountants
Consolidated Balance Sheets as of December 31, 1998 and 1999.
Consolidated Statements of Operations for the Years Ended December 31, 1997, 1998 and 1999.
Consolidated Statements of Stockholders’ Equity for the Years Ended December 31, 1997, 1998 and 1999.
Consolidated Statements of Cash Flow for the Years Ended December 31, 1997, 1998 and 1999.
Notes to the Consolidated Financial Statements.

(A) (2) FINANCIAL STATEMENT SCHEDULES

The following are included on the indicated pages of this report:
HTML Page No.
Report of Independent Accountants on Schedule
Schedule VIII Valuation and Qualifying Accounts

Schedules not listed above are omitted because they are not required or because the required information is given in the Consolidated Financial Statements or Notes thereto.

(A) (3) EXHIBITS

The Exhibit Index, appearing after the signature page on sequentially numbered page 57, is incorporated herein by reference.

(A) (4) REPORTS ON FORM 8-K

None.

Signatures

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

Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Natural MicroSystems Corporation
By: /s/ Robert P. Schechter
Robert P. Schechter
President, Chief Executive Officer and Chairman of the Board

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant in the capacities and on the dates indicated.

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