* IF Scotland believes it is on the periphery of the European market,

where does that leave Iceland? Nearer the centre -- if it creates a base

in Scotland -- is the answer as far as Atlantic Information Systems is

concerned.

Iceland Softwear Inc was looking for a European base, and after

considering Germany and the Benelux countries it plumped earlier this

year for a site near Glasgow Airport.

David Farquhar was made managing director of the Scottish subsidiary

and already he has a number of Scottish clients including the Scottish

Ambulance Service and the Forth Road Bridge.

''The bridge has to carry a stock of 3000 different spare parts for

maintenance purposes,'' he says, ''and we have provided them with a

small stock management system.''

The Icelandic parent company sees Atlantic Information Systems as its

European headquarters. ''Our first task is to build up a customer base

in Scotland, then cover the rest of the United Kingdom,'' says David.

''Then we will look at Europe. The intention is to have a physical

presence on the Continent.''

Atlantic Information Systems at present employs six people but

Farquhar believes that by the end of 1996 the number will have grown to

between 25 and 30.

He was a Captain in the Royal Corps of Transport until 1989, then

worked for Glasgow Location Services, a part of the GDA, before moving

over to Atlantic Information Systems.

''Scotland was chosen because Icelandic people are bi-lingual and

speak English, and it is easy to get here with flights into Glasgow

Airport,'' he says.

David now visits Iceland regularly and has taken Scottish business

representatives to Reykjavik to see at first hand the systems the

company has installed there for major customers such as the Bank of

Iceland.