UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.


SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No.1)*

Cognizant Technology Solutions Corp.
(Name of Issuer)


Common
(Title of Class of Securities)


 192446102 
(CUSIP Number)

Check the following box if a fee is being paid with this statement  .
  (A fee is not required only if the filing person: has a previous statement 
on file reporting beneficial ownership of more than five percent of the class
 of securities described in Item I; and (2) has filed no amendment 
subsequent thereto reporting beneficial ownership of five percent or 
less of such class.) (See Rule 13d-7).

*The remainder of this cover page shall be filled out for a reporting person's 
initial filing on this form with respect to the subject class of securities,
 and for any subsequent amendment containing information which would 
alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not 
be deemed to be "filed" for the purpose of Section 18 of the Securities 
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that 
section of the Act but shall be subject to all other provisions of the Act 
(however, see the Notes).





CUSIP No.  192446102 


1


NAME OF REPORTING PERSON
S.S. OR I.R.S. INDENTIFICATION NO. OF ABOVE PERSON
Gardner Lewis Asset Management      23-2778393


2


CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP * 
(a) 
(b) 

3


SEC USE ONLY




4


CITIZENSHIP OR PLACE OF ORGANIZATION

285 Wilmington - West Chester Pike, Chadds Ford, PA  19317




NUMBER OF 
SHARES 
BENEFICIALLY 
OWNED BY 
EACH 
REPORTING 
PERSON 
WITH

5


SOLE VOTING POWER

346,600


6


SHARED VOTING POWER

 0 


7


SOLE DISPOSITIVE POWER

433,000


8


SHARED DISPOSITIVE POWER

0 

9


AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 433,000 

10


CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* 


11


PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 12.36% 

12


TYPE OF REPORTING PERSON *

IA

*SEE INSTRUCTION BEFORE FILLING OUT!








Item 1.
(a) Name of Issuer.  

 Cognizant Technology Solutions Corp. 

(b) Address of Issuer's Principal Executive Offices.  

 1700 Broadway, 26th Floor, New York, NY  10019 

Item 2.
(a) Name of Person Filing.  Gardner Lewis Asset Management, L.P.

(b) Address of Principal Business Office or, if none, Residence. 

285 Wilmington - West Chester Pike, Chadds Ford, PA  19317

(c) Citizenship.  USA

(d) Title of Class of Securities.  Common

(e) CUSIP Number. 192446102

Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b), 
check whether the person filing is a:
(a)   Broker or Dealer registered under Section 15 of the Act.
(b)   Bank as defined in section 3(a)(6) of the Act
(c)   Insurance Company as defined in section 3(a)(19) of the Act
(d)   Investment Company registered under section 8 of 
the Investment Company Act
(e)   Investment Advisor registered under section 203 of the 
Investment Advisers Act of 1940
(f)   Employee Benefit Plan, Pension Fund which is subject to the 
provisions of the Employee Retirement Income Security Act of 1974 or 
Endowment Fund; see 240.13d-1(b)(1)(ii)(F)
(g)   Parent Holding Company, in accordance with 
240.13d-1(b)(1)(ii)(G) (Note: See Item 7)
(h)   Group, in accordance with 240.13d-1(b)(1)(ii)(H)

Item 4.  Ownership
If the percent of the class owned, as of December 31 of the year 
covered by the statement, or as of the last day of any month 
described in Rule 13d-1(b)(2), if applicable, exceeds five percent, 
provide the following information as of that date and identify 
those shares which there is a right to acquire.

(a)	Amount Beneficially Owned		433,000
(b) 	Percent of Class		 12.36% 
(c)	Number of shares as to which such person has:
	(i)	sole power to vote or to direct the vote		 346,600 
	(ii)	shared power to vote or to direct the vote		 0  

	(iii)	sole power to dispose or to direct the disposition of 		 433,000 
	(iv)	shared power to dispose or to direct the disposition of	0
Instruction:  For computations regarding securities which represent a 
right to acquire an underlying security see Rule 13d-3(d)(1).

Item 5.  Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the date 
hereof the reporting person has ceased to be the beneficial owner 
of more than five percent of the class of securities, check the following .
Instruction:  Dissolution of a group requires a response to this item.

Item 6.  Ownership of More than Five Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to 
direct the receipt of dividends from, or the proceeds from the sale of, 
such securities, a statement to that effect should be included in response to 
this item and, if such interest relates to more than five percent of the class,
such person should be identified. A listing of the shareholders of an investment
company registered under the Investment Company Act of 1940 or the beneficiaries
of employee benefit plan, pension fund or endowment fund is not required.

Item 7.  Identification and Classification of the Subsidiary Which Acquired 
the Security Being Reported on By the Parent Holding Company
If a parent holding company has filed this schedule, pursuant to 
Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit 
stating the identity and the Item 3 classification of the relevant subsidiary.
If a parent holding company has filed this schedule pursuant to Rule 13d-1(c), 
attach an exhibit stating the identification of the relevant subsidiary.

Item 8.  Identification and Classification of Members of the Group
If a group has filed this schedule pursuant to Rule 13d-1(b)(ii)(H), 
so indicate under Item 3(h) and attach an exhibit stating the identity 
and Item 3 classification of each member of the group.  If a group 
has filed this schedule pursuant to Rule 13d-1(c), attach an exhibit 
stating the identity of each member of the group.

Item 9.  Notice of Dissolution of Group
Notice of dissolution of a group may be furnished as an exhibit stating 
the date of the dissolution and that all further filings with respect to 
transactions in the security reported on will be filed, if required, by 
members of the group, in their individual capacity.  See Item 5.

Item 10.  Certification
The following certification shall be included if the statement is filed
pursuant to Rule 13d-1(b):
By signing below I certify that, to the best of my knowledge and belief, the 
securities referred to above were acquired in the ordinary course of business 
and were not acquired for the purpose of and do not have the effect of changing
or influencing the control of the issuer of such securities and were not 
acquired in connection with or as a participant in any transaction have such 
purposes or effect.

Signature
After reasonable inquiry and to the best of my knowledge and belief, I certify 
that the information set forth in this statement is true, complete and correct.

February 16, 1999
Date


Signature

W. Whitfield Gardner    Chairman and CEO
Name/Title
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