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  <TITLE>DYNAMICS RESEARCH CORPORATION</TITLE>
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  <P align="center"><FONT size="2">As filed with the Securities and Exchange Commission on October&nbsp;24, 2003</FONT>
  <DIV align="right"><FONT size="2">Registration No.&nbsp;333 - &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></DIV>
  <HR noshade size="1">
  <P align="center"><FONT size="2">UNITED STATES<BR>
  SECURITIES AND EXCHANGE COMMISSION<BR>
  Washington, D.C. 20549</FONT>
  <P><HR noshade size="1" width="30%" align="center">
  
  <P align="center"><FONT size="5">FORM S-8</FONT><BR>
  <FONT size="2">REGISTRATION STATEMENT<BR>
  UNDER<BR>
  THE SECURITIES ACT OF 1933</FONT>
  
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  <P align="center"><FONT size="5"><B>Dynamics Research Corporation</B>
  </FONT>
  <P align="center"><FONT size="2">(Exact name of registrant as specified in its charter)
  </FONT>
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      <TD width="50%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="45%">&nbsp;</TD>
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      <TD align="center" valign="top"><FONT size="2">Massachusetts<BR>
  (State or other jurisdiction of<BR>
  incorporation or organization)</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="center" valign="top"><FONT size="2">
  04-2211809<BR>
  (I.R.S. Employer<BR>
  Identification No.)</FONT></TD>
  </TR>
  <TR>
      <TD><FONT size="2">&nbsp;</FONT></TD>
  </TR>
  
  <TR valign="bottom">
      <TD align="center"><FONT size="2">60 Frontage Road<BR>
  Andover, Massachusetts<BR>
  (Address of principal executive offices)</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="center"><FONT size="2">
  01810-5498<BR>
  (Zip Code)</FONT></TD>
  </TR>
  </TABLE>
  </CENTER>
  
  <P align="center"><FONT size="2"><B>2003 Incentive Plan<BR>
  William Hoover Non-Qualified Stock Option Agreement</B><BR>
  (Full title of the plans)
  </FONT>
  <P align="center"><FONT size="2">Richard A. Covel, Esq.<BR>
  Vice President and General Counsel<BR>
  Dynamics Research Corporation<BR>
  60 Frontage Road<BR>
  Andover, Massachusetts<BR>
  (Name and address of agent for service)<BR>
  Telephone No.: (978)&nbsp;475-9090 / Facsimile No.: (978)&nbsp;474-9204<BR>
  (Telephone number, including area code, of agent for service)
  </FONT>
  
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  <P align="center"><FONT size="2">Copy to:<BR>
  Richard F. Langan, Jr., Esq.<BR>
  Nixon Peabody LLP<BR>
  437 Madison Avenue, New York, New York 10022<BR>
  Telephone No.: (212)&nbsp;940-3140/Facsimile No.: (866)&nbsp;947-2436
  </FONT>
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      <TD colspan="17" align="center"><FONT size="2">CALCULATION OF REGISTRATION FEE</FONT></TD>
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      <TD><FONT size="1">&nbsp;</FONT></TD>
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      <TD><FONT size="1">&nbsp;</FONT></TD>
      <TD><FONT size="1">&nbsp;</FONT></TD>
      <TD nowrap align="center" colspan="3"><FONT size="1"><B>Proposed maximum</B></FONT></TD>
      <TD><FONT size="1">&nbsp;</FONT></TD>
      <TD nowrap align="center" colspan="3"><FONT size="1"><B>Proposed maximum</B></FONT></TD>
      <TD><FONT size="1">&nbsp;</FONT></TD>
      <TD><FONT size="1">&nbsp;</FONT></TD>
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      <TD><FONT size="1">&nbsp;</FONT></TD>
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      <TD nowrap align="center"><FONT size="1"><B>Title of each class of</B></FONT></TD>
      <TD><FONT size="1">&nbsp;</FONT></TD>
      <TD nowrap align="center" colspan="3"><FONT size="1"><B>Amount to be</B></FONT></TD>
      <TD><FONT size="1">&nbsp;</FONT></TD>
      <TD nowrap align="center" colspan="3"><FONT size="1"><B>offering price</B></FONT></TD>
      <TD><FONT size="1">&nbsp;</FONT></TD>
      <TD nowrap align="center" colspan="3"><FONT size="1"><B>aggregate offering</B></FONT></TD>
      <TD><FONT size="1">&nbsp;</FONT></TD>
      <TD nowrap align="center" colspan="3"><FONT size="1"><B>Amount of</B></FONT></TD>
  </TR>
  <TR valign="bottom">
      <TD nowrap align="center"><FONT size="1"><B>securities to be registered</B></FONT></TD>
      <TD><FONT size="1">&nbsp;</FONT></TD>
      <TD nowrap align="center" colspan="3"><FONT size="1"><B>registered (1)</B></FONT></TD>
      <TD><FONT size="1">&nbsp;</FONT></TD>
      <TD nowrap align="center" colspan="3"><FONT size="1"><B>per share (2)</B></FONT></TD>
      <TD><FONT size="1">&nbsp;</FONT></TD>
      <TD nowrap align="center" colspan="3"><FONT size="1"><B>price (2)</B></FONT></TD>
      <TD><FONT size="1">&nbsp;</FONT></TD>
      <TD nowrap align="center" colspan="3"><FONT size="1"><B>registration fee</B></FONT></TD>
  </TR>
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      <TD><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Common Stock, $0.10 par
  value</FONT></DIV></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="right"><FONT size="2">500,000</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="right"><FONT size="2">$</FONT></TD>
      <TD align="right"><FONT size="2">16.23</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="right"><FONT size="2">$</FONT></TD>
      <TD align="right"><FONT size="2">8,115,000.00</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="right"><FONT size="2">$</FONT></TD>
      <TD align="right"><FONT size="2">656.50</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
  </TR>
  
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  <P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;&nbsp;&nbsp; Represents (i)&nbsp;400,000 shares issuable upon the exercise of options
  granted under the 2003 Incentive Plan, and (ii)&nbsp;100,000 shares issuable upon
  the exercise of options granted pursuant to the William Hoover Non-Qualified
  Stock Option Agreement. In addition, pursuant to Rule&nbsp;416(c) of the Securities
  Act of 1933, this registration statement also covers an indeterminate number of
  shares as may be issued by reason of any stock split, stock dividend,
  recapitalization or other similar transaction effected without the receipt of
  consideration which results in an increase in the number of outstanding shares
  of the Company&#146;s common stock.
  </FONT>
  <P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;&nbsp;&nbsp; Estimated in accordance with Rule&nbsp;457(c) under the Securities Act
  of 1933 solely for the purpose of calculating the registration fee. The
  computation is based upon the average of the high and low prices of the
  Company&#146;s common stock as reported on the Nasdaq Stock Market&#146;s National Market
  on October&nbsp;22, 2003.
  </FONT>
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  <A name="toc"><DIV align="CENTER" style="page-break-before:always"><U><B>TABLE OF CONTENTS</B></U></DIV></A>
  
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  <TR><TD colspan="9"><A HREF="#000">PART I. INFORMATION REQUIRED IN THE 10(a) PROSPECTUS</A></TD></TR>
  <TR><TD colspan="9"><A HREF="#001">PART II. INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</A></TD></TR>
  <TR><TD></TD><TD colspan="8"><A HREF="#002">Item&nbsp;3. Incorporation of Documents by Reference.</A></TD></TR>
  <TR><TD></TD><TD colspan="8"><A HREF="#003">Item&nbsp;4. Description of Securities.</A></TD></TR>
  <TR><TD></TD><TD colspan="8"><A HREF="#004">Item&nbsp;5. Interests of Named Experts and Counsel.</A></TD></TR>
  <TR><TD></TD><TD colspan="8"><A HREF="#005">Item&nbsp;6. Indemnification of Officers and Directors.</A></TD></TR>
  <TR><TD></TD><TD colspan="8"><A HREF="#006">ITEM 7. Exemption from Registration Claimed.</A></TD></TR>
  <TR><TD></TD><TD colspan="8"><A HREF="#007">ITEM 8. Exhibits</A></TD></TR>
  <TR><TD></TD><TD colspan="8"><A HREF="#008">Item&nbsp;9. Undertakings.</A></TD></TR>
  <TR><TD colspan="9"><A HREF="#009">SIGNATURES</A></TD></TR>
  <TR><TD colspan="9"><A HREF="#010">EXHIBIT INDEX</A></TD></TR>
  <TR><TD colspan="9"><A HREF="b48204s8exv5w1.htm">EX-5.1 OPINION OF RICHARD A. COVEL, ESQ</A></TD></TR>
  <TR><TD colspan="9"><A HREF="b48204s8exv10w1.htm">EX-10.1 W. HOOVER NON-QUALIFIED STOCK OPTION AGMNT</A></TD></TR>
  <TR><TD colspan="9"><A HREF="b48204s8exv23w1.htm">EX-23.1 CONSENT OF KPMG LLP</A></TD></TR>
  </TABLE>
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  <!-- link1 "PART I. INFORMATION REQUIRED IN THE 10(a) PROSPECTUS" -->
  <DIV align="left"><A NAME="000"></A></DIV>
  <P align="center"><FONT size="2">PART I.
  </FONT>
  <P align="center"><FONT size="2">INFORMATION REQUIRED IN THE 10(a) PROSPECTUS
  </FONT>
  <P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The documents containing the information specified in Part I will be sent
  or given to employees participating in the Plan, as specified by Rule&nbsp;428(b)(1)
  promulgated under the Securities Act. In accordance with the instructions to
  Part I of Form&nbsp;S-8, such documents will not be filed with the Commission either
  as part of this registration statement or as prospectuses or prospectus
  supplements pursuant to Rule&nbsp;424 promulgated under the Securities Act. These
  documents and the documents incorporated by reference pursuant to Item&nbsp;3 of
  Part II of this registration statement, taken together, constitute the
  prospectus as required by Section&nbsp;10(a) of the Securities Act.
  </FONT>
  <P align="center"><FONT size="2">&nbsp;</FONT>
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  <!-- link1 "PART II. INFORMATION REQUIRED IN THE REGISTRATION STATEMENT" -->
  <DIV align="left"><A NAME="001"></A></DIV>
  <P align="center"><FONT size="2">PART II.
  </FONT>
  <P align="center"><FONT size="2">INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
  </FONT>
  <!-- link2 "Item&nbsp;3. Incorporation of Documents by Reference." -->
  <DIV align="left"><A NAME="002"></A></DIV>
  <P align="left"><FONT size="2">Item&nbsp;3.&nbsp; Incorporation of Documents by Reference.
  </FONT>
  
  <P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following documents that have been filed by Dynamics Research
  Corporation with the Securities and Exchange Commission are incorporated herein
  by reference:
  </FONT>
  <P>
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      <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
      <TD width="1%" align="left" nowrap><FONT size="2">(1)</FONT></TD>
      <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
      <TD width="93%"><FONT size="2">Annual report on Form&nbsp;10-K for the fiscal year ended December
  31, 2002;</FONT></TD>
  </TR>
  <TR>
      <TD><FONT size="2">&nbsp;</FONT></TD>
  </TR>
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      <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
      <TD width="1%" align="left" nowrap><FONT size="2">(2)</FONT></TD>
      <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
      <TD width="93%"><FONT size="2">Quarterly reports on Form&nbsp;10-Q for the quarters ended June
  30, 2003 and March&nbsp;31, 2003.</FONT></TD>
  </TR>
  <TR>
      <TD><FONT size="2">&nbsp;</FONT></TD>
  </TR>
  <TR valign="top">
      <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
      <TD width="1%" align="left" nowrap><FONT size="2">(3)</FONT></TD>
      <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
      <TD width="93%"><FONT size="2">Current reports on Form&nbsp;8-K dated:</FONT></TD>
  </TR>
  <TR>
      <TD><FONT size="2">&nbsp;</FONT></TD>
  </TR>
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      <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
      <TD width="1%" align="left" nowrap><FONT size="2">&nbsp;</FONT></TD>
      <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
      <TD width="93%"><FONT size="2">&#149; &nbsp;&nbsp;&nbsp;&nbsp;January&nbsp;6, 2003</FONT></TD>
  </TR>
  <TR>
      <TD><FONT size="2">&nbsp;</FONT></TD>
  </TR>
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      <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
      <TD width="1%" align="left" nowrap><FONT size="2">&nbsp;</FONT></TD>
      <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
      <TD width="93%"><FONT size="2">&#149; &nbsp;&nbsp;&nbsp;&nbsp;March&nbsp;5, 2003</FONT></TD>
  </TR>
  <TR>
      <TD><FONT size="2">&nbsp;</FONT></TD>
  </TR>
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      <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
      <TD width="1%" align="left" nowrap><FONT size="2">&nbsp;</FONT></TD>
      <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
      <TD width="93%"><FONT size="2">&#149; &nbsp;&nbsp;&nbsp;&nbsp;May&nbsp;16, 2003</FONT></TD>
  </TR>
  <TR>
      <TD><FONT size="2">&nbsp;</FONT></TD>
  </TR>
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      <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
      <TD width="1%" align="left" nowrap><FONT size="2">&nbsp;</FONT></TD>
      <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
      <TD width="93%"><FONT size="2">&#149; &nbsp;&nbsp;&nbsp;&nbsp;October&nbsp;8, 2003</FONT></TD>
  </TR>
  <TR>
      <TD><FONT size="2">&nbsp;</FONT></TD>
  </TR>
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      <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
      <TD width="1%" align="left" nowrap><FONT size="2">(4)</FONT></TD>
      <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
      <TD width="93%"><FONT size="2">The description of our common stock contained in our
  Registration Statement on Form&nbsp;8-A filed October&nbsp;30, 1973 and all
  amendments or reports filed for the purpose of updating such
  description.</FONT></TD>
  </TR>
  </TABLE>
  <P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We are also incorporating by reference in this registration statement all
  reports and other documents that we file pursuant to Sections&nbsp;13(a), 13(c), 14
  and 15(d) of the Securities Exchange Act of 1934 subsequent to the date of this
  registration statement and prior to the filing of a post-effective amendment
  which indicates that all securities offered hereby have been sold or which
  deregisters all securities remaining. These reports and documents will be
  incorporated by reference in and considered to be a part of this registration
  statement as of the date of filing of such reports and documents.
  </FONT>
  <P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any statement contained in this registration statement or in a document
  which is incorporated by reference herein shall be deemed to be modified or
  superseded for purposes of this registration statement to the extent that a
  statement contained herein or in any subsequently filed document that also is
  incorporated by reference herein modifies or supersedes such prior statement.
  Any such statement so modified or superseded shall not, except as so modified
  or superseded, constitute a part of this registration statement.
  </FONT>
  <!-- link2 "Item&nbsp;4. Description of Securities." -->
  <DIV align="left"><A NAME="003"></A></DIV>
  <P align="left"><FONT size="2">Item&nbsp;4.&nbsp; Description of Securities.
  </FONT>
  <P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
  </FONT>
  <!-- link2 "Item&nbsp;5. Interests of Named Experts and Counsel." -->
  <DIV align="left"><A NAME="004"></A></DIV>
  <P align="left"><FONT size="2">Item&nbsp;5.&nbsp; Interests of Named Experts and Counsel.
  </FONT>
  <P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
  </FONT>
  <P align="center"><FONT size="2">&nbsp;</FONT>
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  <!-- link2 "Item&nbsp;6. Indemnification of Officers and Directors." -->
  <DIV align="left"><A NAME="005"></A></DIV>
  <P align="left"><FONT size="2">Item&nbsp;6.&nbsp; Indemnification of Officers and Directors.
  </FONT>
  
  <P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Registrant is organized under the laws of The Commonwealth of
  Massachusetts. The Massachusetts Business Corporation Law provides that
  indemnification of directors, officers, employees and other agents of a
  corporation and persons who serve at its request as directors, officers,
  employees or other agents of another organization or who serve at its request
  in any capacity with respect to any employee benefit plan, may be provided by
  the corporation to whatever extent specified in or authorized by its articles
  of organization, a by-law adopted by the stockholders or a vote adopted by the
  holders of a majority of the shares of stock entitled to vote on the election
  of directors, except that no indemnification may be provided for any person
  with respect to any matter as to which the person shall have been adjudicated
  in any proceeding not to have acted in good faith in the reasonable belief that
  his action was in the best interest of the corporation. Under Massachusetts
  law, a corporation can purchase and maintain insurance on behalf of any person
  against liability incurred as a director, officer, employee, agent or person
  serving at the request of the corporation as a director, officer, employee or
  other agent of another organization or with respect to any employee benefit
  plan, in his capacity as such, whether or not the corporation would have the
  power to itself indemnify him against such liability.
  </FONT>
  
  <P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Registrant&#146;s Restated Articles of Organization provide that the
  Registrant shall, to the extent legally permissible, indemnify each of its
  directors, officers and other persons who serve at its request as directors,
  officers or trustees of another organization, or in any capacity with respect
  to any employee benefit plan, against all liabilities and expenses
  incurred by such person in connection with the defense or disposition
  of any legal claim or action in which such person may be involved by
  reason of such person&#146;s position as such officer or director, except with respect to any matter as to which
  such person shall have been adjudicated in any proceeding not to have acted in
  good faith in the reasonable belief that his or her action was in the best
  interest of the corporation or such other organization or where a majority of
  the disinterested directors of the corporation, upon the written opinion of
  counsel, shall determine that such person did not act in good faith in the
  reasonable belief that his or her action was in the best interest of the
  corporation. The Registrant&#146;s directors shall not be liable to the Registrant
  or its stockholders for monetary damages for breach of fiduciary duty as a
  director, except to the extent that exculpation from liabilities is not
  permitted under the Massachusetts Business Corporation Law as in effect at time
  such liability is determined. The By-laws provide that the Registrant shall
  indemnify its directors and officers to the full extent permitted by the laws
  of The Commonwealth of Massachusetts against certain liabilities.
  </FONT>
  
  <!-- link2 "ITEM 7. Exemption from Registration Claimed." -->
  <DIV align="left"><A NAME="006"></A></DIV>
  <P align="left"><FONT size="2">ITEM 7.&nbsp; Exemption from Registration Claimed.
  </FONT>
  <P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
  </FONT>
  <P align="center"><FONT size="2">&nbsp;</FONT>
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  <!-- link2 "ITEM 8. Exhibits" -->
  <DIV align="left"><A NAME="007"></A></DIV>
  <P align="left"><FONT size="2">ITEM 8.&nbsp; Exhibits
  </FONT>
  <P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;See Exhibit&nbsp;Index.
  </FONT>
  <!-- link2 "Item&nbsp;9. Undertakings." -->
  <DIV align="left"><A NAME="008"></A></DIV>
  <P align="left"><FONT size="2">Item&nbsp;9. &nbsp;Undertakings.
  </FONT>
  <P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp; The undersigned registrant hereby undertakes:
  </FONT>
  <P>
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      <TD width="3%"></TD>
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      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;&nbsp;&nbsp; To file, during any period in which offers or sales are being
  made, a post-effective amendment to this registration statement:</FONT></TD>
  </TR>
  
  </TABLE>
  <P>
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  <TR>
      <TD width="6%"></TD>
      <TD width="94%"></TD>
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      <TD><FONT size="2">&nbsp;</FONT></TD>
  
  <TD><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp; To include any prospectus required by Section&nbsp;10(a)(3) of
  the Securities Act of 1933;</FONT></TD>
  </TR>
  
  <TR>
      <TD><FONT size="2">&nbsp;</FONT></TD>
  </TR>
  <TR valign="top">
      <TD><FONT size="2">&nbsp;</FONT></TD>
  
  <TD><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;&nbsp;&nbsp; To reflect in the prospectus any facts or events arising
  after the effective date of the registration statement (or the most
  recent post-effective amendment thereof) which, individually or in
  the aggregate, represent a fundamental change in the information
  set forth in the registration statement. Notwithstanding the
  foregoing, any increase or decrease in volume of securities offered
  (if the total dollar value of securities offered would not exceed
  that which was registered) and any deviation from the low or high
  end of the estimated maximum offering range may be reflected in the
  form of prospectus filed with the Commission pursuant to Rule
  424(b) if, in the aggregate, the changes in volume and price
  represent no more than 20&nbsp;percent change in the maximum aggregate
  offering price set forth in the &#147;Calculation of Registration Fee&#148;
  table in the effective registration statement;</FONT></TD>
  </TR>
  
  <TR>
      <TD><FONT size="2">&nbsp;</FONT></TD>
  </TR>
  <TR valign="top">
      <TD><FONT size="2">&nbsp;</FONT></TD>
  
  <TD><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;&nbsp;&nbsp; To include any material information with respect to the
  plan of distribution not previously disclosed in the registration
  statement or any material change to such information in the
  registration statement;</FONT></TD>
  </TR>
  
  </TABLE>
  <P>
  <TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
  <TR>
      <TD width="3%"></TD>
      <TD width="97%"></TD>
  </TR>
  <TR valign="top">
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD><FONT size="2"><I>provided, however</I>, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply
  if the registration statement is on Form&nbsp;S-3, Form&nbsp;S-8 or Form&nbsp;F-3, and
  the information required to be included in a post-effective amendment by
  those paragraphs is contained in periodic reports filed with or furnished
  to the Commission by the registrant pursuant to Section&nbsp;13 or 15(d) of
  the Securities Exchange Act of 1934 that are incorporated by reference in
  the registration statement.</FONT></TD>
  </TR>
  
  <TR>
      <TD><FONT size="2">&nbsp;</FONT></TD>
  </TR>
  <TR valign="top">
      <TD><FONT size="2">&nbsp;</FONT></TD>
  
  <TD><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;&nbsp;&nbsp; That, for the purpose of determining any liability under the
  Securities Act of 1933, each such post-effective amendment shall be
  deemed to be a new registration statement relating to the securities
  offered therein, and the offering of such securities at that time shall
  be deemed to be the initial <I>bona fide </I>offering thereof.</FONT></TD>
  </TR>
  
  <TR>
      <TD><FONT size="2">&nbsp;</FONT></TD>
  </TR>
  <TR valign="top">
      <TD><FONT size="2">&nbsp;</FONT></TD>
  
  <TD><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp;&nbsp;&nbsp; To remove from registration by means of a post-effective
  amendment any of the securities being registered that remain unsold at
  the termination of the offering.</FONT></TD>
  </TR>
  
  </TABLE>
  <P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp; The undersigned registrant hereby undertakes that, for purposes of
  determining any liability under the Securities Act of 1933, each filing of the
  registrant&#146;s annual report pursuant to Section&nbsp;13(a) or 15(d) of the Securities
  Exchange Act of 1934 (and, where applicable, each filing of an employee benefit
  plan&#146;s annual report pursuant to Section&nbsp;15(d) of the Securities Exchange Act
  of 1934) that is incorporated by reference in the registration statement shall
  be deemed to be a new registration statement relating to the securities offered
  therein, and the offering of such securities at that time shall be deemed to be
  the initial <I>bona fide </I>offering thereof.
  </FONT>
  <P align="center"><FONT size="2">&nbsp;</FONT>
  <!-- PAGEBREAK -->
  <P><HR noshade><P>
  <H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
  <P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp; Insofar as indemnification for liabilities arising under the
  Securities Act of 1933 may be permitted to directors, officers and controlling
  persons of the registrant pursuant to the foregoing provisions, or otherwise,
  the registrant has been advised that in the opinion of the Securities and
  Exchange Commission such indemnification is against public policy as expressed
  in the Act and is, therefore, unenforceable. In the event that a claim for
  indemnification against such liabilities (other than the payment by the
  registrant of expenses incurred or paid by a director, officer or controlling
  person of the registrant in the successful defense of any action, suit or
  proceeding) is asserted by such director, officer or controlling person in
  connection with the securities being registered, the registrant will, unless in
  the opinion of its counsel the matter has been settled by controlling
  precedent, submit to a court of appropriate jurisdiction the question whether
  such indemnification by it is against public policy as expressed in the Act and
  will be governed by the final adjudication of such issue.
  </FONT>
  <P align="center"><FONT size="2">&nbsp;</FONT>
  <!-- PAGEBREAK -->
  <P><HR noshade><P>
  <H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
  <!-- link1 "SIGNATURES" -->
  <DIV align="left"><A NAME="009"></A></DIV>
  <P align="center"><FONT size="2"><B>SIGNATURES</B>
  </FONT>
  
  <P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, the registrant
  certifies that it has reasonable grounds to believe that it meets all of the
  requirements for filing on Form&nbsp;S-8 and has duly caused this registration
  statement to be signed on its behalf by the undersigned, thereunto duly
  authorized in the City of Andover, Commonwealth of Massachusetts on October&nbsp;24,
  2003.
  </FONT>
  <P>
  <TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
  <TR valign="top">
      <TD width="50%"><FONT size="2">&nbsp;</FONT></TD>
      <TD width="50%"><FONT size="2">DYNAMICS RESEARCH CORPORATION</FONT></TD>
  </TR>
  </TABLE>
  <P>
  <TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
  <TR valign="top">
      <TD width="50%"><FONT size="2">&nbsp;</FONT></TD>
      <TD width="50%"><FONT size="2">By: /s/ David Keleher</FONT>
  <div style="Margin-left: 20px"><HR noshade size="1" width="60%" align="left">
  <FONT size="2">
  David Keleher<BR>
  Vice President and Chief Financial Officer</FONT></div></TD>
  </TR>
  </TABLE>
  <P align="center"><FONT size="2">POWER OF ATTORNEY
  </FONT>
  <P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears
  below hereby constitutes and appoints David Keleher and Richard A. Covel, and
  each or any of them, his true and lawful attorney-in-fact and agent, with full
  power of substitution and resubstitution, for him and in his name, place and
  stead, in any and all capacities, to sign any and all
  amendments (including post-effective amendments) to this registration statement
  and to file
  same, with all exhibits thereto and other documents in connection therewith,
  with the Securities and Exchange Commission, granting unto each said
  attorney-in-fact and agent full power and authority to do and perform each and
  every act and thing requisite and necessary to be done in and about the
  foregoing, as fully to all intents and purposes as he might or could do in
  person, hereby ratifying and confirming all that said attorney-in-fact and
  agent or either of them, or their or his substitute or substitutes, may
  lawfully do or cause to be done by virtue hereof.
  </FONT>
  <P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, this
  registration statement has been signed by the following persons in the
  capacities and on the dates indicated.
  </FONT>
  <CENTER>
  <TABLE cellspacing="0" border="0" cellpadding="0" width="75%">
  <TR valign="bottom">
      <TD width="34%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="39%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="17%">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
      <TD nowrap align="center"><FONT size="1"><B>Name</B></FONT></TD>
      <TD><FONT size="1">&nbsp;</FONT></TD>
      <TD nowrap align="center"><FONT size="1"><B>Title</B></FONT></TD>
      <TD><FONT size="1">&nbsp;</FONT></TD>
      <TD nowrap align="center"><FONT size="1"><B>Date</B></FONT></TD>
  </TR>
  
  
  
  <TR valign="bottom">
      <TD nowrap align="center"><HR size="1" noshade></TD>
      <TD><FONT size="1">&nbsp;</FONT></TD>
      <TD nowrap align="center"><HR size="1" noshade></TD>
      <TD><FONT size="1">&nbsp;</FONT></TD>
      <TD nowrap align="center"><HR size="1" noshade></TD>
  </TR>
  <TR>
      <TD><FONT size="2">&nbsp;</FONT></TD>
  </TR>
  
  
  <TR valign="bottom">
      <TD valign="top" align="center"><FONT size="2">/s/ James P. Regan<BR>
  </FONT><HR size="1" noshade><FONT size="2">
  James P. Regan</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="center" valign="top"><FONT size="2">
  Chairman, Chief Executive<BR>Officer and Director<BR>(Principal Executive Officer)
  </FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="center" valign="top"><FONT size="2">October 24, 2003</FONT></TD>
  </TR>
  <TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
  <TR valign="bottom">
      <TD valign="top" align="center"><FONT size="2">/s/ David Keleher<BR>
  </FONT><HR size="1" noshade><FONT size="2">
  David Keleher</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="center" valign="top"><FONT size="2">
  Vice President and Chief<BR>
  Financial Officer<BR>
  (Principal Financial Officer)
  </FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="center" valign="top"><FONT size="2">October 24, 2003</FONT></TD>
  </TR>
  <TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
  <TR valign="bottom">
      <TD valign="top" align="center"><FONT size="2">/s/ Donald B. Levis<BR>
  </FONT><HR size="1" noshade><FONT size="2">
  Donald B. Levis</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="center" valign="top"><FONT size="2">
  Corporate Controller and<BR>
  Chief Accounting Officer<BR>
  (Principal Accounting Officer)
  </FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="center" valign="top"><FONT size="2">October 24, 2003</FONT></TD>
  </TR>
  </TABLE>
  </CENTER>
  <P align="center"><FONT size="2">&nbsp;</FONT>
  <!-- PAGEBREAK -->
  <P><HR noshade><P>
  <H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
  
  <CENTER>
  <TABLE cellspacing="0" border="0" cellpadding="0" width="75%">
  <TR valign="bottom">
      <TD width="34%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="39%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="17%">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
      <TD nowrap align="center"><FONT size="1"><B>Name</B></FONT></TD>
      <TD><FONT size="1">&nbsp;</FONT></TD>
      <TD nowrap align="center"><FONT size="1"><B>Title</B></FONT></TD>
      <TD><FONT size="1">&nbsp;</FONT></TD>
      <TD nowrap align="center"><FONT size="1"><B>Date</B></FONT></TD>
  </TR>
  <TR valign="bottom">
      <TD nowrap align="center"><HR size="1" noshade></TD>
      <TD><FONT size="1">&nbsp;</FONT></TD>
      <TD nowrap align="center"><HR size="1" noshade></TD>
      <TD><FONT size="1">&nbsp;</FONT></TD>
      <TD nowrap align="center"><HR size="1" noshade></TD>
  </TR>
  <TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
  <TR valign="bottom">
      <TD valign="top" align="center"><FONT size="2">/s/ John S. Anderegg, Jr.<BR>
  </FONT><HR size="1" noshade><FONT size="2">
  John S. Anderegg, Jr.</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="center" valign="top"><FONT size="2">
  Director
  </FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="center" valign="top"><FONT size="2">October 24, 2003</FONT></TD>
  </TR>
  <TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
  <TR valign="bottom">
      <TD valign="top" align="center"><FONT size="2">
  </FONT><HR size="1" noshade><FONT size="2">
  Francis J. Aguilar</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="center" valign="top"><FONT size="2">
  Director
  </FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="center" valign="top"><FONT size="2"></FONT></TD>
  </TR>
  <TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
  <TR valign="bottom">
      <TD valign="top" align="center"><FONT size="2">
  </FONT><HR size="1" noshade><FONT size="2">
  Kenneth F. Kames</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="center" valign="top"><FONT size="2">
  Director
  </FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="center" valign="top"><FONT size="2"></FONT></TD>
  </TR>
  <TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
  <TR valign="bottom">
      <TD valign="top" align="center"><FONT size="2">/s/ Charles P. McCausland<BR>
  </FONT><HR size="1" noshade><FONT size="2">
  Charles P. McCausland</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="center" valign="top"><FONT size="2">
  Director
  </FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="center" valign="top"><FONT size="2">October 24, 2003</FONT></TD>
  </TR>
  <TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
  <TR valign="bottom">
      <TD valign="top" align="center"><FONT size="2">/s/ James P. Mullins<BR>
  </FONT><HR size="1" noshade><FONT size="2">
  James P. Mullins</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="center" valign="top"><FONT size="2">
  Director
  </FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="center" valign="top"><FONT size="2">October 24, 2003</FONT></TD>
  </TR>
  </TABLE>
  </CENTER>
  <P align="center"><FONT size="2">&nbsp;</FONT>
  <!-- PAGEBREAK -->
  <P><HR noshade><P>
  <H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
  
  <!-- link1 "EXHIBIT INDEX" -->
  <DIV align="left"><A NAME="010"></A></DIV>
  <P align="center"><FONT size="2">EXHIBIT INDEX
  </FONT>
  <CENTER>
  <TABLE cellspacing="0" border="0" cellpadding="0" width="85%">
  <TR valign="bottom">
      <TD width="3%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="3%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="42%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="40%">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
      <TD colspan="3" nowrap align="center"><FONT size="1"><B>Exhibit No.</B></FONT></TD>
      <TD><FONT size="1">&nbsp;</FONT></TD>
      <TD nowrap align="center"><FONT size="1"><B>Description</B></FONT></TD>
      <TD><FONT size="1">&nbsp;</FONT></TD>
      <TD nowrap align="center"><FONT size="1"><B>Location</B></FONT></TD>
  </TR>
  <TR valign="bottom">
      <TD colspan="3" nowrap align="center"><HR size="1" noshade></TD>
      <TD><FONT size="1">&nbsp;</FONT></TD>
      <TD nowrap align="center"><HR size="1" noshade></TD>
      <TD><FONT size="1">&nbsp;</FONT></TD>
      <TD nowrap align="center"><HR size="1" noshade></TD>
  </TR>
  <TR valign="bottom">
      <TD><FONT size="1">&nbsp;</FONT></TD>
      <TD valign="top"><FONT size="2">4.1</FONT></TD>
      <TD><FONT size="1">&nbsp;</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">
  Specimen Common Stock certificate
  </FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">Incorporated by
  reference to Exhibit
  4(c) of the
  registrant&#146;s Form&nbsp;S-8
  filed April&nbsp;27, 2001
  (File No.&nbsp;333-59706)</FONT></TD>
  </TR>
  <TR>
      <TD><FONT size="2">&nbsp;</FONT></TD>
  </TR>
  
  <TR valign="bottom">
      <TD><FONT size="1">&nbsp;</FONT></TD>
      <TD valign="top"><FONT size="2">4.2</FONT></TD>
      <TD><FONT size="1">&nbsp;</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">
  Rights Agreement, dated as of
  February&nbsp;17, 1998 between Dynamics
  Research Corporation and American
  Stock Transfer &#038; Trust Company, as
  Rights Agent
  </FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">Incorporated by
  reference to Exhibit&nbsp;1
  of the registrant&#146;s
  Form&nbsp;8-A filed June
  25, 1998.</FONT></TD>
  </TR>
  <TR>
      <TD><FONT size="2">&nbsp;</FONT></TD>
  </TR>
  
  <TR valign="bottom">
      <TD><FONT size="1">&nbsp;</FONT></TD>
      <TD valign="top"><FONT size="2">5.1</FONT></TD>
      <TD><FONT size="1">&nbsp;</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">
  Opinion of Richard A. Covel, Esq.,
  General Counsel of the Registrant
  </FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">Filed herewith</FONT></TD>
  </TR>
  <TR>
      <TD><FONT size="2">&nbsp;</FONT></TD>
  </TR>
  
  <TR valign="bottom">
      <TD><FONT size="1">&nbsp;</FONT></TD>
      <TD valign="top"><FONT size="2">10.1</FONT></TD>
      <TD><FONT size="1">&nbsp;</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">
  William Hoover Non-Qualified Stock<BR>
  Option Agreement
  </FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">Filed herewith</FONT></TD>
  </TR>
  <TR>
      <TD><FONT size="2">&nbsp;</FONT></TD>
  </TR>
  
  <TR valign="bottom">
      <TD><FONT size="1">&nbsp;</FONT></TD>
      <TD nowrap valign="top"><FONT size="2">23.1</FONT></TD>
      <TD><FONT size="1">&nbsp;</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">
  Consent of KPMG LLP
  </FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">Filed herewith</FONT></TD>
  </TR>
  <TR>
      <TD><FONT size="2">&nbsp;</FONT></TD>
  </TR>
  
  <TR valign="bottom">
      <TD><FONT size="1">&nbsp;</FONT></TD>
      <TD valign="top"><FONT size="2">23.2</FONT></TD>
      <TD><FONT size="1">&nbsp;</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">
  Consent of Richard A. Covel, Esq
  </FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">Contained in opinion
  filed as Exhibit&nbsp;5.1
  to this Registration
  Statement</FONT></TD>
  </TR>
  <TR>
      <TD><FONT size="2">&nbsp;</FONT></TD>
  </TR>
  
  <TR valign="bottom">
      <TD><FONT size="1">&nbsp;</FONT></TD>
      <TD valign="top"><FONT size="2">24</FONT></TD>
      <TD><FONT size="1">&nbsp;</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">
  Power of Attorney
  </FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">Included on the
  signature page of this
  registration
  statement.</FONT></TD>
  </TR>
  </TABLE>
  </CENTER>
  <P align="center"><FONT size="2">&nbsp;</FONT>
  </BODY>
  </HTML>
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text: DYNAMICS RESEARCH CORPORATION
  Table of Contents
  As filed with the Securities and Exchange Commission on October 24, 2003
  Registration No. 333 -
  UNITED STATES
  SECURITIES AND EXCHANGE COMMISSION
  Washington, D.C. 20549
  FORM S-8
  REGISTRATION STATEMENT
  UNDER
  THE SECURITIES ACT OF 1933
  Dynamics Research Corporation
  (Exact name of registrant as specified in its charter)
  Massachusetts
  (State or other jurisdiction of
  incorporation or organization)
  04-2211809
  (I.R.S. Employer
  Identification No.)
  60 Frontage Road
  Andover, Massachusetts
  (Address of principal executive offices)
  01810-5498
  (Zip Code)
  2003 Incentive Plan
  William Hoover Non-Qualified Stock Option Agreement
  (Full title of the plans)
  Richard A. Covel, Esq.
  Vice President and General Counsel
  Dynamics Research Corporation
  60 Frontage Road
  Andover, Massachusetts
  (Name and address of agent for service)
  Telephone No.: (978) 475-9090 / Facsimile No.: (978) 474-9204
  (Telephone number, including area code, of agent for service)
  Copy to:
  Richard F. Langan, Jr., Esq.
  Nixon Peabody LLP
  437 Madison Avenue, New York, New York 10022
  Telephone No.: (212) 940-3140/Facsimile No.: (866) 947-2436
  CALCULATION OF REGISTRATION FEE
  Proposed maximum
  Proposed maximum
  Title of each class of
  Amount to be
  offering price
  aggregate offering
  Amount of
  securities to be registered
  registered (1)
  per share (2)
  price (2)
  registration fee
  Common Stock, $0.10 par
  value
  500,000
  $
  16.23
  $
  8,115,000.00
  $
  656.50
  (1)    Represents (i) 400,000 shares issuable upon the exercise of options
  granted under the 2003 Incentive Plan, and (ii) 100,000 shares issuable upon
  the exercise of options granted pursuant to the William Hoover Non-Qualified
  Stock Option Agreement. In addition, pursuant to Rule 416(c) of the Securities
  Act of 1933, this registration statement also covers an indeterminate number of
  shares as may be issued by reason of any stock split, stock dividend,
  recapitalization or other similar transaction effected without the receipt of
  consideration which results in an increase in the number of outstanding shares
  of the Company's common stock.
  (2)    Estimated in accordance with Rule 457(c) under the Securities Act
  of 1933 solely for the purpose of calculating the registration fee. The
  computation is based upon the average of the high and low prices of the
  Company's common stock as reported on the Nasdaq Stock Market's National Market
  on October 22, 2003.
  TABLE OF CONTENTS
  PART I. INFORMATION REQUIRED IN THE 10(a) PROSPECTUS
  PART II. INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
  Item 3. Incorporation of Documents by Reference.
  Item 4. Description of Securities.
  Item 5. Interests of Named Experts and Counsel.
  Item 6. Indemnification of Officers and Directors.
  ITEM 7. Exemption from Registration Claimed.
  ITEM 8. Exhibits
  Item 9. Undertakings.
  SIGNATURES
  EXHIBIT INDEX
  EX-5.1 OPINION OF RICHARD A. COVEL, ESQ
  EX-10.1 W. HOOVER NON-QUALIFIED STOCK OPTION AGMNT
  EX-23.1 CONSENT OF KPMG LLP
  Table of Contents
  PART I.
  INFORMATION REQUIRED IN THE 10(a) PROSPECTUS
  The documents containing the information specified in Part I will be sent
  or given to employees participating in the Plan, as specified by Rule 428(b)(1)
  promulgated under the Securities Act. In accordance with the instructions to
  Part I of Form S-8, such documents will not be filed with the Commission either
  as part of this registration statement or as prospectuses or prospectus
  supplements pursuant to Rule 424 promulgated under the Securities Act. These
  documents and the documents incorporated by reference pursuant to Item 3 of
  Part II of this registration statement, taken together, constitute the
  prospectus as required by Section 10(a) of the Securities Act.
  Table of Contents
  PART II.
  INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
  Item 3.  Incorporation of Documents by Reference.
  The following documents that have been filed by Dynamics Research
  Corporation with the Securities and Exchange Commission are incorporated herein
  by reference:
  (1)
  Annual report on Form 10-K for the fiscal year ended December
  31, 2002;
  (2)
  Quarterly reports on Form 10-Q for the quarters ended June
  30, 2003 and March 31, 2003.
  (3)
  Current reports on Form 8-K dated:
  •     January 6, 2003
  •     March 5, 2003
  •     May 16, 2003
  •     October 8, 2003
  (4)
  The description of our common stock contained in our
  Registration Statement on Form 8-A filed October 30, 1973 and all
  amendments or reports filed for the purpose of updating such
  description.
  We are also incorporating by reference in this registration statement all
  reports and other documents that we file pursuant to Sections 13(a), 13(c), 14
  and 15(d) of the Securities Exchange Act of 1934 subsequent to the date of this
  registration statement and prior to the filing of a post-effective amendment
  which indicates that all securities offered hereby have been sold or which
  deregisters all securities remaining. These reports and documents will be
  incorporated by reference in and considered to be a part of this registration
  statement as of the date of filing of such reports and documents.
  Any statement contained in this registration statement or in a document
  which is incorporated by reference herein shall be deemed to be modified or
  superseded for purposes of this registration statement to the extent that a
  statement contained herein or in any subsequently filed document that also is
  incorporated by reference herein modifies or supersedes such prior statement.
  Any such statement so modified or superseded shall not, except as so modified
  or superseded, constitute a part of this registration statement.
  Item 4.  Description of Securities.
  Not applicable.
  Item 5.  Interests of Named Experts and Counsel.
  Not applicable.
  Table of Contents
  Item 6.  Indemnification of Officers and Directors.
  The Registrant is organized under the laws of The Commonwealth of
  Massachusetts. The Massachusetts Business Corporation Law provides that
  indemnification of directors, officers, employees and other agents of a
  corporation and persons who serve at its request as directors, officers,
  employees or other agents of another organization or who serve at its request
  in any capacity with respect to any employee benefit plan, may be provided by
  the corporation to whatever extent specified in or authorized by its articles
  of organization, a by-law adopted by the stockholders or a vote adopted by the
  holders of a majority of the shares of stock entitled to vote on the election
  of directors, except that no indemnification may be provided for any person
  with respect to any matter as to which the person shall have been adjudicated
  in any proceeding not to have acted in good faith in the reasonable belief that
  his action was in the best interest of the corporation. Under Massachusetts
  law, a corporation can purchase and maintain insurance on behalf of any person
  against liability incurred as a director, officer, employee, agent or person
  serving at the request of the corporation as a director, officer, employee or
  other agent of another organization or with respect to any employee benefit
  plan, in his capacity as such, whether or not the corporation would have the
  power to itself indemnify him against such liability.
  The Registrant's Restated Articles of Organization provide that the
  Registrant shall, to the extent legally permissible, indemnify each of its
  directors, officers and other persons who serve at its request as directors,
  officers or trustees of another organization, or in any capacity with respect
  to any employee benefit plan, against all liabilities and expenses
  incurred by such person in connection with the defense or disposition
  of any legal claim or action in which such person may be involved by
  reason of such person's position as such officer or director, except with respect to any matter as to which
  such person shall have been adjudicated in any proceeding not to have acted in
  good faith in the reasonable belief that his or her action was in the best
  interest of the corporation or such other organization or where a majority of
  the disinterested directors of the corporation, upon the written opinion of
  counsel, shall determine that such person did not act in good faith in the
  reasonable belief that his or her action was in the best interest of the
  corporation. The Registrant's directors shall not be liable to the Registrant
  or its stockholders for monetary damages for breach of fiduciary duty as a
  director, except to the extent that exculpation from liabilities is not
  permitted under the Massachusetts Business Corporation Law as in effect at time
  such liability is determined. The By-laws provide that the Registrant shall
  indemnify its directors and officers to the full extent permitted by the laws
  of The Commonwealth of Massachusetts against certain liabilities.
  ITEM 7.  Exemption from Registration Claimed.
  Not applicable.
  Table of Contents
  ITEM 8.  Exhibits
  See Exhibit Index.
  Item 9.  Undertakings.
  (a)    The undersigned registrant hereby undertakes:
  (1)    To file, during any period in which offers or sales are being
  made, a post-effective amendment to this registration statement:
  (i)    To include any prospectus required by Section 10(a)(3) of
  the Securities Act of 1933;
  (ii)    To reflect in the prospectus any facts or events arising
  after the effective date of the registration statement (or the most
  recent post-effective amendment thereof) which, individually or in
  the aggregate, represent a fundamental change in the information
  set forth in the registration statement. Notwithstanding the
  foregoing, any increase or decrease in volume of securities offered
  (if the total dollar value of securities offered would not exceed
  that which was registered) and any deviation from the low or high
  end of the estimated maximum offering range may be reflected in the
  form of prospectus filed with the Commission pursuant to Rule
  424(b) if, in the aggregate, the changes in volume and price
  represent no more than 20 percent change in the maximum aggregate
  offering price set forth in the "Calculation of Registration Fee"
  table in the effective registration statement;
  (iii)    To include any material information with respect to the
  plan of distribution not previously disclosed in the registration
  statement or any material change to such information in the
  registration statement;
  provided, however
  , that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply
  if the registration statement is on Form S-3, Form S-8 or Form F-3, and
  the information required to be included in a post-effective amendment by
  those paragraphs is contained in periodic reports filed with or furnished
  to the Commission by the registrant pursuant to Section 13 or 15(d) of
  the Securities Exchange Act of 1934 that are incorporated by reference in
  the registration statement.
  (2)    That, for the purpose of determining any liability under the
  Securities Act of 1933, each such post-effective amendment shall be
  deemed to be a new registration statement relating to the securities
  offered therein, and the offering of such securities at that time shall
  be deemed to be the initial
  bona fide
  offering thereof.
  (3)    To remove from registration by means of a post-effective
  amendment any of the securities being registered that remain unsold at
  the termination of the offering.
  (b)    The undersigned registrant hereby undertakes that, for purposes of
  determining any liability under the Securities Act of 1933, each filing of the
  registrant's annual report pursuant to Section 13(a) or 15(d) of the Securities
  Exchange Act of 1934 (and, where applicable, each filing of an employee benefit
  plan's annual report pursuant to Section 15(d) of the Securities Exchange Act
  of 1934) that is incorporated by reference in the registration statement shall
  be deemed to be a new registration statement relating to the securities offered
  therein, and the offering of such securities at that time shall be deemed to be
  the initial
  bona fide
  offering thereof.
  Table of Contents
  (c)    Insofar as indemnification for liabilities arising under the
  Securities Act of 1933 may be permitted to directors, officers and controlling
  persons of the registrant pursuant to the foregoing provisions, or otherwise,
  the registrant has been advised that in the opinion of the Securities and
  Exchange Commission such indemnification is against public policy as expressed
  in the Act and is, therefore, unenforceable. In the event that a claim for
  indemnification against such liabilities (other than the payment by the
  registrant of expenses incurred or paid by a director, officer or controlling
  person of the registrant in the successful defense of any action, suit or
  proceeding) is asserted by such director, officer or controlling person in
  connection with the securities being registered, the registrant will, unless in
  the opinion of its counsel the matter has been settled by controlling
  precedent, submit to a court of appropriate jurisdiction the question whether
  such indemnification by it is against public policy as expressed in the Act and
  will be governed by the final adjudication of such issue.
  Table of Contents
  SIGNATURES
  Pursuant to the requirements of the Securities Act of 1933, the registrant
  certifies that it has reasonable grounds to believe that it meets all of the
  requirements for filing on Form S-8 and has duly caused this registration
  statement to be signed on its behalf by the undersigned, thereunto duly
  authorized in the City of Andover, Commonwealth of Massachusetts on October 24,
  2003.
  DYNAMICS RESEARCH CORPORATION
  By: /s/ David Keleher
  David Keleher
  Vice President and Chief Financial Officer
  POWER OF ATTORNEY
  KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears
  below hereby constitutes and appoints David Keleher and Richard A. Covel, and
  each or any of them, his true and lawful attorney-in-fact and agent, with full
  power of substitution and resubstitution, for him and in his name, place and
  stead, in any and all capacities, to sign any and all
  amendments (including post-effective amendments) to this registration statement
  and to file
  same, with all exhibits thereto and other documents in connection therewith,
  with the Securities and Exchange Commission, granting unto each said
  attorney-in-fact and agent full power and authority to do and perform each and
  every act and thing requisite and necessary to be done in and about the
  foregoing, as fully to all intents and purposes as he might or could do in
  person, hereby ratifying and confirming all that said attorney-in-fact and
  agent or either of them, or their or his substitute or substitutes, may
  lawfully do or cause to be done by virtue hereof.
  Pursuant to the requirements of the Securities Act of 1933, this
  registration statement has been signed by the following persons in the
  capacities and on the dates indicated.
  Name
  Title
  Date
  /s/ James P. Regan
  James P. Regan
  Chairman, Chief Executive
  Officer and Director
  (Principal Executive Officer)
  October 24, 2003
  /s/ David Keleher
  David Keleher
  Vice President and Chief
  Financial Officer
  (Principal Financial Officer)
  October 24, 2003
  /s/ Donald B. Levis
  Donald B. Levis
  Corporate Controller and
  Chief Accounting Officer
  (Principal Accounting Officer)
  October 24, 2003
  Table of Contents
  Name
  Title
  Date
  /s/ John S. Anderegg, Jr.
  John S. Anderegg, Jr.
  Director
  October 24, 2003
  Francis J. Aguilar
  Director
  Kenneth F. Kames
  Director
  /s/ Charles P. McCausland
  Charles P. McCausland
  Director
  October 24, 2003
  /s/ James P. Mullins
  James P. Mullins
  Director
  October 24, 2003
  Table of Contents
  EXHIBIT INDEX
  Exhibit No.
  Description
  Location
  4.1
  Specimen Common Stock certificate
  Incorporated by
  reference to Exhibit
  4(c) of the
  registrant's Form S-8
  filed April 27, 2001
  (File No. 333-59706)
  4.2
  Rights Agreement, dated as of
  February 17, 1998 between Dynamics
  Research Corporation and American
  Stock Transfer & Trust Company, as
  Rights Agent
  Incorporated by
  reference to Exhibit 1
  of the registrant's
  Form 8-A filed June
  25, 1998.
  5.1
  Opinion of Richard A. Covel, Esq.,
  General Counsel of the Registrant
  Filed herewith
  10.1
  William Hoover Non-Qualified Stock
  Option Agreement
  Filed herewith
  23.1
  Consent of KPMG LLP
  Filed herewith
  23.2
  Consent of Richard A. Covel, Esq
  Contained in opinion
  filed as Exhibit 5.1
  to this Registration
  Statement
  24
  Power of Attorney
  Included on the
  signature page of this
  registration
  statement.