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<P ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Registration No. 333- <BR></font>
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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=5>SECURITIES AND EXCHANGE
COMMISSION </FONT><BR>
<FONT FACE="Times New Roman, Times, Serif" SIZE=2>Washington, D.C. 20549 </FONT></P>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=5>FORM S-8 </FONT></H1>

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<A NAME=A006></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=4>REGISTRATION STATEMENT<BR>
UNDER<BR>
THE SECURITIES ACT OF
1933 </FONT></P>

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<A NAME=A009></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=4><BR><BR>
Arrhythmia Research Technology, Inc. </FONT><BR>
<FONT FACE="Times New Roman, Times, Serif" SIZE=1><I>(Exact Name of
Registrant as Specified in Its Charter)</I> </FONT></P>

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     <TD WIDTH=48% ALIGN=center><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Delaware</B> </FONT></TD>
     <TD WIDTH=2% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=48% ALIGN=center><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>72-0925679</B></FONT></TD>
     <TD WIDTH=2% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
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     <TD ALIGN=center><FONT FACE="Times New Roman, Times, Serif" SIZE=1><I>(State or Other Jurisdiction of</I></FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=center><FONT FACE="Times New Roman, Times, Serif" SIZE=1><I>(I.R.S. Employer</I></FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
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     <TD ALIGN=center><FONT FACE="Times New Roman, Times, Serif" SIZE=1><I>Incorporation or Organization)</I></FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=center><FONT FACE="Times New Roman, Times, Serif" SIZE=1><I>Identification Number)</I></FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
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<p ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>25 Sawyer Passway</B> <BR>
Fitchburg, Massachusetts 01420 </FONT><BR>
<FONT FACE="Times New Roman, Times, Serif" SIZE=1>(<I>Address of Principal
Executive Offices and Zip Code) </i></FONT></p>

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<A NAME=A015></A>
<p ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>2001 Stock Option Plan<BR>
2003 Employee Stock Bonus Plan</b> </FONT>
<BR><FONT FACE="Times New Roman, Times, Serif" SIZE=1><I>(Full Title of the
Plans)</I> </FONT></P>

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<p ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>David A. Garrison <BR>
Chief Financial Officer<BR>
Arrhythmia Research Technology, Inc.<BR>
25 Sawyer Passway <BR>
Fitchburg, Massachusetts 01420 </B></FONT><BR>
<FONT FACE="Times New Roman, Times, Serif" SIZE=1><I>(Name and Address of Agent For Service)</I> </FONT></P>

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<p ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>(978) 345-5000</B> </FONT><BR>
<FONT FACE="Times New Roman, Times, Serif" SIZE=1><I>(Telephone Number,Including Area Code, of Agent For Service)</I> </FONT></P>


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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><I><B>Copy to:</B></I> </FONT></P>

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<p ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Merritt A. Cole, Esq.<BR>
Dilworth Paxson LLP <BR>
3200 Mellon Bank Center<BR>
1735 Market Street <BR>
Philadelphia, Pennsylvania 19103-7595<BR>
(215) 575-7000</B> <BR><BR><BR><BR></FONT></p>



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     <TH align=center COLSPAN=10><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CALCULATION OF REGISTRATION FEE</FONT></TH></TR>
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     <TD WIDTH=22% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=1>Title Of Securities<BR>To Be Registered</FONT></TD>
     <TD WIDTH=2% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></TD>
     <TD WIDTH=17% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=1>Amount To<BR>Be Registered</FONT></TD>
     <TD WIDTH=2% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></TD>
     <TD WIDTH=17% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=1>Proposed Maximum<BR>Offering Price<BR>Per Share</FONT></TD>
     <TD WIDTH=2% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></TD>
     <TD WIDTH=17% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=1>Proposed Maximum<BR>Aggregate Offering<BR>Price</FONT></TD>
     <TD WIDTH=2% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></TD>
     <TD WIDTH=17% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=1>Amount Of<BR>Registration Fee</FONT></TD>
     <TD WIDTH=2% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></TD></TR>
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     <TD ALIGN=CENTER COLSPAN=2><FONT FACE="Times New Roman, Times, Serif" SIZE=1>Common Stock, $.01 Par Value</FONT></TD>
     <TD ALIGN=CENTER COLSPAN=2><FONT FACE="Times New Roman, Times, Serif" SIZE=1>200,000 shares (1)</FONT></TD>
     <TD ALIGN=CENTER COLSPAN=2><FONT FACE="Times New Roman, Times, Serif" SIZE=1>$ 20.42 (2)</FONT></TD>
     <TD ALIGN=CENTER COLSPAN=2><FONT FACE="Times New Roman, Times, Serif" SIZE=1>$ 4,084,000</FONT></TD>
     <TD ALIGN=CENTER COLSPAN=2><FONT FACE="Times New Roman, Times, Serif" SIZE=1>$ 335.00</FONT></TD></TR>
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     <TD COLSPAN=14><HR NOSHADE COLOR=Black SIZE=1></TD></TR>
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<TD ALIGN="RIGHT" WIDTH="10%"><FONT FACE="Times New Roman, Times, Serif" SIZE=1>(1)</FONT></TD>
<TD WIDTH="2%"><FONT FACE="Times New Roman, Times, Serif" SIZE=1>&nbsp; </FONT></TD>
<TD WIDTH="78%"><p align=justify><FONT FACE="Times New Roman, Times, Serif" SIZE=1>
Pursuant to Rule 416 under the Securities Act of 1933, as amended, an indeterminate amount of
additional shares of Common Stock, which may become issuable pursuant to the
anti-dilution provisions of the 2001 Stock Option Plan are also being registered.
The shares being registered consist of (a) 197,000 shares that are being registered
pursuant to the 2001 Stock Option Plan; and (b) 3,000 shares that are being
registered pursuant to the 2003 Employee Stock Bonus Plan.</FONT></p></TD>
<TD WIDTH="10%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD></TR>
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<TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE=1>(2) </FONT></TD>
<TD ALIGN="JUSTIFY" WIDTH=2%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD ALIGN="JUSTIFY"><p align=justify><FONT FACE="Times New Roman, Times, Serif" SIZE=1>
Estimated solely for the purpose of calculating the registration fee, pursuant to Rule 457(c) and
(h)(1) under the Securities Act of 1933, as amended. The price per share and
aggregate offering price are based on $20.42 (being the average of high and low
prices of Registrant&#146;s Common Stock as reported on the American Stock Exchange on
December 12, 2003.)</FONT></p></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD></TR>
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<P Align=justify><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;This
Registration Statement relates to a total of 200,000 shares of common stock, par value
$.01 per share (&#147;Common Stock&#148;) of Arrhythmia Research Technology, Inc. (the
&#147;Company&#148;), consisting of (i) 197,000 shares which may be offered and sold
pursuant to options granted or which may be granted under the Company&#146;s 2001 Stock
Option Plan; and (ii) 3,000 shares which may be granted under the 2003 Employee Stock
Bonus Plan.  Pursuant to Rule 416 under the Securities Act of 1933, as amended, an indeterminate
amount of additional shares, which may become issuable pursuant to the respective anti-dilution
provisions of the 2001 Stock Option Plan (or pursuant to options granted thereunder) and the 2003
Employee Stock Bonus Plan are also being registered hereunder.</FONT></P>

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<A NAME=A033></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>PART I </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
ITEM&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PLAN INFORMATION</FONT></P>

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<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=90%> <p align=justify><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
The
Company will send or give document(s) containing the information specified in Part I to
participants as specified by Rule 428(b)(1). These documents are not required to be filed
as part of this Registration Statement. </FONT></p></TD>
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<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>ITEM&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. </FONT></TD>
<TD WIDTH=90% align=justify><p align=justify><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Upon written or oral request by a participant in the 2001 Stock Option Plan or the 2003
Employee Stock Bonus Plan, the Company will provide any of the documents incorporated by
reference into the Section 10(a) prospectus, without charge. Any document required to be
delivered to the participants pursuant to Rule 428(b) will also be delivered without
charge. </FONT></p></TD>
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<BR>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>PART II </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>ITEM&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;INCORPORATION OF DOCUMENTS BY REFERENCE</FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following documents previously filed with the Commission by the Company are incorporated
in this Registration Statement by reference: </FONT></P>


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     <TD ALIGN=RIGHT WIDTH=12%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>a. </FONT></TD>
     <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
     <TD WIDTH=85%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><A HREF="http://www.sec.gov/Archives/edgar/data/819689/000092701603001161/d10k.txt">Annual Report on Form 10-K for the fiscal year ended December 31, 2002, filed on
          March 19, 2003</A>. </FONT></P></TD></TR>
<TR VALIGN=TOP>
     <TD ALIGN=RIGHT WIDTH=12%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
     <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
     <TD WIDTH=85%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></P></TD></TR>
<TR VALIGN=TOP>
     <TD ALIGN=RIGHT WIDTH=12%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>b. </FONT></TD>
     <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
     <TD WIDTH=85%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><A HREF="http://www.sec.gov/Archives/edgar/data/819689/000092701603001231/d8k.htm">Current Report on Form 8-K filed on March 21, 2003</A>. </FONT></P></TD></TR>
<TR VALIGN=TOP>
     <TD ALIGN=RIGHT WIDTH=12%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
     <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
     <TD WIDTH=85%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></P></TD></TR>

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     <TD ALIGN=RIGHT WIDTH=12%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>c. </FONT></TD>
     <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
     <TD WIDTH=85%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><A HREF="http://www.sec.gov/Archives/edgar/data/819689/000092701603001622/ddef14a.txt">Definitive Proxy
        Statement filed on April 4, 2003.</A> </FONT></P></TD></TR>
<TR VALIGN=TOP>
     <TD ALIGN=RIGHT WIDTH=12%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
     <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
     <TD WIDTH=85%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></P></TD></TR>
<TR VALIGN=TOP>
     <TD ALIGN=RIGHT WIDTH=12%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>d. </FONT></TD>
     <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
     <TD WIDTH=85%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
        <A HREF="http://www.sec.gov/Archives/edgar/data/819689/000092701603002451/d8k.htm">Current Report on Form 8-K filed on May 8, 2003.</A> </FONT></P></TD></TR>
<TR VALIGN=TOP>
     <TD ALIGN=RIGHT WIDTH=12%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
     <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
     <TD WIDTH=85%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></P></TD></TR>
<TR VALIGN=TOP>
     <TD ALIGN=RIGHT WIDTH=12%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>e. </FONT></TD>
     <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
     <TD WIDTH=85%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
         <A HREF="http://www.sec.gov/Archives/edgar/data/819689/000092701603002712/d10qsb.htm">Quarterly Report on Form 10-QSB for the quarter ended March 31, 2003 filed on May 15, 2003.</A></FONT></P></TD></TR>
<TR VALIGN=TOP>
     <TD ALIGN=RIGHT WIDTH=12%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
     <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
     <TD WIDTH=85%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></P></TD></TR>
<TR VALIGN=TOP>
     <TD ALIGN=RIGHT WIDTH=12%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>f. </FONT></TD>
     <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
     <TD WIDTH=85%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
         <A HREF="http://www.sec.gov/Archives/edgar/data/819689/000119312503013732/d8k.htm">Current Report on Form 8-K filed on June 27, 2003.</A> </FONT></P></TD></TR>
<TR VALIGN=TOP>
     <TD ALIGN=RIGHT WIDTH=12%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
     <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
     <TD WIDTH=85%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></P></TD></TR>
<TR VALIGN=TOP>
     <TD ALIGN=RIGHT WIDTH=12%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>g. </FONT></TD>
     <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
     <TD WIDTH=85%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
         <A HREF="http://www.sec.gov/Archives/edgar/data/819689/000081968903000003/micron-8k.htm">Current Report on Form 8-K filed on August 7, 2003.</A> </FONT></P></TD></TR>
<TR VALIGN=TOP>
     <TD ALIGN=RIGHT WIDTH=12%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
     <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
     <TD WIDTH=85%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></P></TD></TR>
<TR VALIGN=TOP>
     <TD ALIGN=RIGHT WIDTH=12%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>h. </FONT></TD>
     <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
     <TD WIDTH=85%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
         <A HREF="http://www.sec.gov/Archives/edgar/data/819689/000081968903000006/art10q3rdqtr.htm">Quarterly Report on Form 10-QSB for the quarter ended June 30, 2003 filed on
         August 13, 2003.</A> </FONT></P></TD></TR>
<TR VALIGN=TOP>
     <TD ALIGN=RIGHT WIDTH=12%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
     <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
     <TD WIDTH=85%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></P></TD></TR>
<TR VALIGN=TOP>
    <TD ALIGN=RIGHT WIDTH=12%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>i. </FONT></TD>
    <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
    <TD WIDTH=85%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
        <A HREF="http://www.sec.gov/Archives/edgar/data/819689/000081968903000014/art-8k.htm">Current Report on Form 8-K filed on October 31, 2003.</A> </FONT></P></TD></TR>
<TR VALIGN=TOP>
     <TD ALIGN=RIGHT WIDTH=12%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
     <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
     <TD WIDTH=85%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></P></TD></TR>
<TR VALIGN=TOP>
    <TD ALIGN=RIGHT WIDTH=12%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>j. </FONT></TD>
    <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
    <TD WIDTH=85%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
       <A HREF="http://www.sec.gov/Archives/edgar/data/819689/000081968903000017/art10-q3rdqtr2003.htm">Quarterly Report on Form 10-QSB for the quarter ended September 30, 2003 filed
       on November 5, 2003.</A> </FONT></P></TD></TR>
<TR VALIGN=TOP>
     <TD ALIGN=RIGHT WIDTH=12%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
     <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
     <TD WIDTH=85%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></P></TD></TR>
<TR VALIGN=TOP>
    <TD ALIGN=RIGHT WIDTH=12%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>k. </FONT></TD>
    <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
    <TD WIDTH=85%><P ALIGN=justify><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
        The description of the Company&#146;s Common Stock contained in Item 1 of the Company&#146;s
        Registration Statement on Form 8-A filed with the SEC on February 12, 1992.</FONT></P></TD></TR>
</TABLE>


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<P align=justify><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
documents subsequently filed by the registrant pursuant to Sections 13(a), 13(c), 14 and
15(d) of the Exchange Act, prior to the filing of a post-effective amendment which
indicates that all securities offered have been sold or which deregisters all securities
then remaining unsold, shall be deemed to be incorporated by reference into this
Registration Statement and to be a part hereof from the date of filing of such documents. </FONT></P>


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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>ITEM&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DESCRIPTION OF SECURITIES</FONT></P>


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<A NAME=A035></A>
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;Not applicable. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>ITEM&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;INTERESTS OF NAMED EXPERTS AND COUNSEL</FONT></P>


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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>ITEM&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;INDEMNIFICATION OF OFFICERS AND DIRECTORS</FONT></P>


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<P align=justify><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section
145 of the General Corporation Law of the State of Delaware grants each corporation
organized thereunder, such as the Company, the power to indemnify its directors and
officers against liability for certain of their acts. Section 102(b)(7) of the Delaware
Corporation Law permits a provision in the certificate of incorporation of each
corporation organized thereunder eliminating or limiting, with specified exceptions, the
personal liability of a director to the corporation or its stockholders for monetary
damages for breach of fiduciary duty as a director. The Company&#146;s certificate of
incorporation contains this provision. The foregoing statements are subject to the
detailed provisions of Sections 145 and 102(b)(7) of the Delaware General Corporation Law. </FONT></P>

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<P align=justify><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Article
VI of the Company&#146;s Amended and Restated Articles of Incorporation provides that the
Company will indemnify its officers, directors and employees to the fullest extent
permitted by the Delaware General Corporation Law in connection with proceedings with
which any such person is involved by virtue of his or her status as an officer, director
or employee. The Company maintains directors&#146; and officers&#146; liability insurance,
including a reimbursement policy in favor of the Company. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>ITEM&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EXEMPTION FROM REGISTRATION CLAIMED</FONT></P>


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<A NAME=A036></A>
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;Not
applicable.</FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>ITEM&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EXHIBITS</FONT></P>

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          <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
     <TD ALIGN=center WIDTH=30%><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>Exhibit Number</U> </FONT></TD>
     <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
     <TD WIDTH=67%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>Description</U> </FONT></P></TD></TR>
<TR VALIGN=TOP>
     <TD ALIGN=center WIDTH=30%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
     <TD WIDTH=67%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></P></TD></TR>
<TR VALIGN=TOP>
     <TD ALIGN=center WIDTH=30%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>4.1 </FONT></TD>
     <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
     <TD align=left WIDTH=67%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><A HREF="exh4-1stockoptionplan.htm">Arrhythmia Research
        Technology, Inc. 2001 Stock Option Plan</A> </FONT></P></TD></TR>
<TR VALIGN=TOP>
     <TD ALIGN=center WIDTH=30%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
     <TD WIDTH=67%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></P></TD></TR>
<TR VALIGN=TOP>
     <TD ALIGN=center WIDTH=30%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>4.2</FONT></TD>
     <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
     <TD WIDTH=67%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><A HREF="exh4-2employeestockplan.htm">Arrhythmia Research Technology,
        Inc. 2003 Employee Stock Bonus Plan</A> </FONT></P></TD></TR>
<TR VALIGN=TOP>
     <TD ALIGN=center WIDTH=30%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
     <TD WIDTH=67%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></P></TD></TR>
<TR VALIGN=TOP>
     <TD ALIGN=center WIDTH=30%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>5.1 </FONT></TD>
     <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
     <TD WIDTH=67%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><A HREF="exh5-1opiniondilworth.htm">Opinion of Dilworth Paxson LLP. </A></FONT></P></TD></TR>
<TR VALIGN=TOP>
     <TD ALIGN=center WIDTH=30%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
     <TD WIDTH=67%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></P></TD></TR>
<TR VALIGN=TOP>
     <TD ALIGN=center WIDTH=30%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;23.1 </FONT></TD>
     <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
     <TD WIDTH=67%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><A HREF="exh23-1consent.htm">Consent of BDO
        Seidman, LLP</A>. </FONT></P></TD></TR>
<TR VALIGN=TOP>
     <TD ALIGN=center WIDTH=30%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
     <TD WIDTH=67%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></P></TD></TR>
<TR VALIGN=TOP>
     <TD ALIGN=center WIDTH=30%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;23.2* </FONT></TD>
     <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
     <TD WIDTH=67%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><A HREF="exh5-1opiniondilworth.htm">Consent of Dilworth Paxson LLP.</A> </FONT></P></TD></TR>
<TR VALIGN=TOP>
     <TD ALIGN=center WIDTH=30%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
     <TD WIDTH=67%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></P></TD></TR>
<TR VALIGN=TOP>
     <TD ALIGN=center WIDTH=30%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;24.1 </FONT></TD>
     <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
     <TD WIDTH=67%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><A HREF="#powerofattorney">Power of Attorney is contained on the signature page of this Registration Statement</A>.</FONT></P></TD></TR>

</TABLE>
<BR>

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<P>_________________ </P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>* Included in Exhibit 5.1 to this
Registration Statement. </FONT></P>

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<HR SIZE=5 COLOR=GRAY NOSHADE>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>ITEM&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;UNDERTAKINGS</FONT></P>

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<TABLE WIDTH="100%" CELLPADDING="0" CELLSPACING="0">
<TR VALIGN=TOP>
    <TD ALIGN="RIGHT" WIDTH="12%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
    <TD ALIGN="LEFT" WIDTH="3%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
    <TD WIDTH="85%"><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></P></TD></TR>
<TR VALIGN=TOP>
    <TD ALIGN="RIGHT" WIDTH="12%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>a. </FONT></TD>
    <TD ALIGN="LEFT" WIDTH="3%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
    <TD WIDTH="85%"><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
        The undersigned Registrant will: </FONT></P></TD></TR>
<TR VALIGN=TOP>
    <TD ALIGN="RIGHT" WIDTH="12%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
    <TD ALIGN="LEFT" WIDTH="3%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
    <TD WIDTH="85%"><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></P></TD></TR>
<TR VALIGN=TOP>
    <TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(1) </FONT></TD>
    <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
    <TD><P ALIGN=justify><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
       File, during any period in which it offers or sells securities, a post-effective
       amendment to this registration statement to include any additional or changed
       material information on the plan of distribution. </FONT></P></TD></TR>
<TR VALIGN=TOP>
    <TD ALIGN="RIGHT" WIDTH="12%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
    <TD ALIGN="LEFT" WIDTH="3%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
    <TD WIDTH="85%"><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></P></TD></TR>
<TR VALIGN=TOP>
    <TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(2) </FONT></TD>
    <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
    <TD><P ALIGN=justify><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
       For determining liability under the Securities Act, treat each post-effective
       amendment as a new registration statement of the securities offered, and the
       offering of the securities at that time to be the initial <I>bona fide </I>
       offering thereof. </FONT></P></TD></TR>

<TR VALIGN=TOP>
    <TD ALIGN="RIGHT" WIDTH="12%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
    <TD ALIGN="LEFT" WIDTH="3%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
    <TD WIDTH="85%"><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></P></TD></TR>
<TR VALIGN=TOP>
    <TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(3) </FONT></TD>
    <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
    <TD><P ALIGN=justify><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
        File a post-effective amendment to remove from registration any of the
        securities that remain unsold at the end of the offering. </FONT></P></TD></TR>
<TR VALIGN=TOP>
    <TD ALIGN="RIGHT" WIDTH="12%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
    <TD ALIGN="LEFT" WIDTH="3%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
    <TD WIDTH="85%"><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></P></TD></TR>
<TR VALIGN=TOP>
    <TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>b. </FONT></TD>
    <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
    <TD><P ALIGN=justify><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
        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 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 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></TD></TR>
<TR VALIGN=TOP>
    <TD ALIGN="RIGHT" WIDTH="12%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
    <TD ALIGN="LEFT" WIDTH="3%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
    <TD WIDTH="85%"><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></P></TD></TR>
<TR VALIGN=TOP>
   <TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>c. </FONT></TD>
   <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
   <TD><P ALIGN=justify><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
       Insofar as indemnification for liabilities arising under the Securities Act of
       1933 (the &#147;Act&#148;) 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. </FONT></P></TD></TR>
<TR VALIGN=TOP>
    <TD ALIGN="RIGHT" WIDTH="12%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
    <TD ALIGN="LEFT" WIDTH="3%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
    <TD WIDTH="85%"><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></P></TD></TR>
<TR VALIGN=TOP>
   <TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
   <TD ALIGN="LEFT" WIDTH="3%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
   <TD><p align=justify><FONT FACE="Times New Roman, Times, Serif" SIZE=2>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 Securities Act and will be governed by the final adjudication of such
        issue. </FONT></p></TD></TR>
</TABLE>
<BR>


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<A NAME=A041></A>
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=4><U>SIGNATURES</U> </FONT></H1>

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<P align=justify><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&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 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 Fitchburg, State of Massachusetts,
on the 18th day of December, 2003. </FONT></P>

<TABLE WIDTH="100%" CELLPADDING="0" CELLSPACING="0">
<TR VALIGN=TOP>
    <TD ALIGN="RIGHT" WIDTH="45%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
    <TD WIDTH="55%"><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>ARRHYTHMIA RESEARCH
        TECHNOLOGY, INC.<BR><BR></FONT></P></TD></TR>
<TR VALIGN=TOP>
    <TD ALIGN="RIGHT" WIDTH="45%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
    <TD WIDTH="55%"><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>By: <U>/s/ David A. Garrison
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> <BR>
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
        David A. Garrison<BR>
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
        Chief Financial Officer</FONT></P></TD></TR>



</TABLE>


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<A NAME=A042></A>
<A NAME="powerofattorney"></A>
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=4><U>POWER OF ATTORNEY</U> </FONT></H1>

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<P align=justify><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
of the undersigned officers and directors of the Registrant, Arrhythmia Research
Technology, Inc., whose signature appears below, hereby appoints David A. Garrison and
James E. Rouse, jointly and individually, as attorneys-in-fact for the undersigned with
full power of substitution, to execute in his or her name and on behalf of such person,
individually, and in each capacity stated below, this Registration Statement on Form S-8
and one or more amendments (including post-effective amendments) to this Registration
Statement and any related registration statement under Rule 462(b) under the Securities
Act of 1933 as the attorney-in-fact shall deem appropriate, and to file any such amendment
(including exhibits thereto and other documents in connection herewith) to this
Registration Statement on Form S-8 or Rule 462(b) registration statement with the
Securities and Exchange Commission, granting unto said attorneys-in-fact, and each of
them, full power and authority to do and perform each and every act and thing requisite
and necessary to be done in and about the premises, as fully to all intents and purposes
as such person might or could do in person, hereby ratifying and confirming all that said
attorneys-in-fact, or either of them, may lawfully do or cause to be done by virtue
hereof. </FONT></P>

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<P align=justify><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the requirements of the Securities Act of 1933, as amended, this Registration Statement
has been signed by the following persons in the capacities and on the dates indicated. </FONT></P>



<TABLE WIDTH="100%" CELLPADDING="0" CELLSPACING="0">
<TR VALIGN=TOP>
    <TD ALIGN=LEFT WIDTH="5%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN="Center" WIDTH="25%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>Signature</U></FONT></TD>
    <TD ALIGN=LEFT WIDTH="5%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN=Center WIDTH="40%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>Title</U></FONT></TD>
    <TD ALIGN=LEFT WIDTH="5%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN=Center WIDTH="20%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>Date</U></FONT></TD></TR>
<TR VALIGN=TOP>
    <TD ALIGN=LEFT WIDTH="5%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN="Center" WIDTH="25%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN=LEFT WIDTH="5%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN=Center WIDTH="40%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN=LEFT WIDTH="5%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN=Center WIDTH="20%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=TOP>
    <TD ALIGN=LEFT WIDTH="5%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN="LEFT" WIDTH="25%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>/s/  James E. Rouse
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>
        James E. Rouse </FONT></TD>
    <TD ALIGN=LEFT WIDTH="5%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN=LEFT WIDTH="40%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>President, Chief Executive
         Officer and Director<BR>
        (Principal Executive Officer)</FONT></TD>
    <TD ALIGN=LEFT WIDTH="5%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN=Center WIDTH="20%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>December 18, 2003</FONT></TD></TR>

<TR VALIGN=TOP>
    <TD ALIGN=LEFT WIDTH="5%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN="Center" WIDTH="25%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN=LEFT WIDTH="5%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN=Center WIDTH="40%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN=LEFT WIDTH="5%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN=Center WIDTH="20%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=TOP>
    <TD ALIGN=LEFT WIDTH="5%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN="LEFT" WIDTH="25%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>/s/  David A. Garrison
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>
        David A. Garrison </FONT></TD>
    <TD ALIGN=LEFT WIDTH="5%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN=LEFT WIDTH="40%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Chief Financial Officer<BR>
        (Principal Financial Officer and<BR>
        Principal Accounting Officer)</FONT></TD>
    <TD ALIGN=LEFT WIDTH="5%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN=Center WIDTH="20%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>December 18, 2003</FONT></TD></TR>
<TR VALIGN=TOP>
    <TD ALIGN=LEFT WIDTH="5%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN="Center" WIDTH="25%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN=LEFT WIDTH="5%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN=Center WIDTH="40%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN=LEFT WIDTH="5%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN=Center WIDTH="20%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=TOP>
    <TD ALIGN=LEFT WIDTH="5%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN="LEFT" WIDTH="25%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>/s/  E.P. Marinos
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>
        E.P. Marinos </FONT></TD>
    <TD ALIGN=LEFT WIDTH="5%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN=LEFT WIDTH="40%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Chairman of the Board of Directors
</FONT></TD>
    <TD ALIGN=LEFT WIDTH="5%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN=Center WIDTH="20%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>December 18, 2003</FONT></TD></TR>
<TR VALIGN=TOP>
    <TD ALIGN=LEFT WIDTH="5%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN="Center" WIDTH="25%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN=LEFT WIDTH="5%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN=Center WIDTH="40%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN=LEFT WIDTH="5%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN=Center WIDTH="20%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=TOP>
    <TD ALIGN=LEFT WIDTH="5%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN="LEFT" WIDTH="25%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>/s/  Russell C. Chambers
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>
        Russell C. Chambers </FONT></TD>
    <TD ALIGN=LEFT WIDTH="5%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN=LEFT WIDTH="40%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Director</FONT></TD>
    <TD ALIGN=LEFT WIDTH="5%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN=Center WIDTH="20%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>December 18, 2003</FONT></TD></TR>
<TR VALIGN=TOP>
    <TD ALIGN=LEFT WIDTH="5%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN="Center" WIDTH="25%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN=LEFT WIDTH="5%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN=Center WIDTH="40%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN=LEFT WIDTH="5%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN=Center WIDTH="20%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=TOP>
    <TD ALIGN=LEFT WIDTH="5%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN="LEFT" WIDTH="25%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>/s/  Julius Tabin
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>
        Julius Tabin </FONT></TD>
    <TD ALIGN=LEFT WIDTH="5%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN=LEFT WIDTH="40%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Director</FONT></TD>
    <TD ALIGN=LEFT WIDTH="5%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN=Center WIDTH="20%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>December 18, 2003</FONT></TD></TR>
<TR VALIGN=TOP>
    <TD ALIGN=LEFT WIDTH="5%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN="Center" WIDTH="25%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN=LEFT WIDTH="5%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN=Center WIDTH="40%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN=LEFT WIDTH="5%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN=Center WIDTH="20%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=TOP>
    <TD ALIGN=LEFT WIDTH="5%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN="LEFT" WIDTH="25%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>
        Paul F. Walter </FONT></TD>
    <TD ALIGN=LEFT WIDTH="5%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN=LEFT WIDTH="40%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Director</FONT></TD>
    <TD ALIGN=LEFT WIDTH="5%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN=Center WIDTH="20%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>

</TABLE>


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<A NAME=A043></A>
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=4><U>EXHIBIT INDEX</U> </FONT></H1>

<!-- MARKER FORMAT-SHEET="Head Sub 2 Left"  -->
<A NAME=A044></A>
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><I> </I> </FONT></P>

<TABLE align=center CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=600>
<TR VALIGN=Bottom>
     <TH align=center COLSPAN=3><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Exhibit Number</FONT></TH>
     <TH align=LEFT COLSPAN=2><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Description</FONT></TH></TR>
<TR VALIGN=Bottom>
        <TD WIDTH=12% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
       <TD WIDTH=13% ALIGN=left><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
        <TD WIDTH=2% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=71% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=2% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
        <TD WIDTH=12% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
       <TD WIDTH=13% ALIGN=left><FONT FACE="Times New Roman, Times, Serif" SIZE=2>4.1</FONT></TD>
        <TD WIDTH=2% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=71% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><A HREF="exh4-1stockoptionplan.htm">Arrhythmia Research Technology, Inc. 2001 Stock Option Plan</A></FONT></TD>
     <TD WIDTH=2% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
        <TD WIDTH=12% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
       <TD WIDTH=13% ALIGN=left><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
        <TD WIDTH=2% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=71% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=2% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>4.2</FONT></TD>
        <TD ALIGN=center><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><A HREF="exh4-2employeestockplan.htm">Arrhythmia Research Technology, Inc. 2003 Stock Bonus Plan</A></FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
        <TD WIDTH=12% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
       <TD WIDTH=13% ALIGN=left><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
        <TD WIDTH=2% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=71% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=2% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>5.1</FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><A HREF="exh5-1opiniondilworth.htm">Opinion of Dilworth Paxson LLP.</A></FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
        <TD WIDTH=12% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
       <TD WIDTH=13% ALIGN=left><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
        <TD WIDTH=2% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=71% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=2% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>23.1</FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><A HREF="exh23-1consent.htm">Consent of BDO Seidman, LLP.</A></FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
        <TD WIDTH=12% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
       <TD WIDTH=13% ALIGN=left><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
        <TD WIDTH=2% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=71% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=2% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>23.2*</FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><A HREF="exh5-1opiniondilworth.htm">Consent of Dilworth Paxson.</A></FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
        <TD WIDTH=12% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
       <TD WIDTH=13% ALIGN=left><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
        <TD WIDTH=2% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=71% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=2% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>24</FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><A HREF="#powerofattorney">Power of Attorney is contained on the signature page of this</A></FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>

<TR VALIGN=Bottom>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><A HREF="#powerofattorney">Registration Statement</a></FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
        <TD WIDTH=12% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
       <TD WIDTH=13% ALIGN=left><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
        <TD WIDTH=2% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=71% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=2% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>

</TABLE>


<TABLE align=center CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=600>
<TR align=center VALIGN=Bottom>
     <TD width=10% ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD width=90% ALIGN=left><FONT FACE="Times New Roman, Times, Serif" SIZE=2>________________________________ </FONT></TD></tr>
<TR align=center VALIGN=Bottom>
     <TD ALIGN=left><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
     <TD ALIGN=left><FONT FACE="Times New Roman, Times, Serif" SIZE=2>*Included in Exhibit 5.1 to this Registration Statement.</FONT></TD></TR>
</table>

</BODY>
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{"company-data": {"conformed-name": "ARRHYTHMIA RESEARCH TECHNOLOGY INC /DE/", "cik": "0000819689", "assigned-sic": "3845", "irs-number": "720925679", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-111326", "film-number": "031063030"}, "business-address": {"street1": "25 SAWYER PASSWAY", "city": "FITCHBURG", "state": "MA", "zip": "01420", "phone": "978-345-5000"}, "mail-address": {"street1": "25 SAWYER PASSWAY", "city": "FITCHBURG", "state": "MA", "zip": "01420"}}
Registration No. 333-
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF
1933
Arrhythmia Research Technology, Inc.
(Exact Name of
Registrant as Specified in Its Charter)
Delaware
72-0925679
(State or Other Jurisdiction of
(I.R.S. Employer
Incorporation or Organization)
Identification Number)
25 Sawyer Passway
Fitchburg, Massachusetts 01420
(
Address of Principal
Executive Offices and Zip Code)
2001 Stock Option Plan
2003 Employee Stock Bonus Plan
(Full Title of the
Plans)
David A. Garrison
Chief Financial Officer
Arrhythmia Research Technology, Inc.
25 Sawyer Passway
Fitchburg, Massachusetts 01420
(Name and Address of Agent For Service)
(978) 345-5000
(Telephone Number,Including Area Code, of Agent For Service)
Copy to:
Merritt A. Cole, Esq.
Dilworth Paxson LLP
3200 Mellon Bank Center
1735 Market Street
Philadelphia, Pennsylvania 19103-7595
(215) 575-7000
CALCULATION OF REGISTRATION FEE
Title Of Securities
To Be Registered
Amount To
Be Registered
Proposed Maximum
Offering Price
Per Share
Proposed Maximum
Aggregate Offering
Price
Amount Of
Registration Fee
Common Stock, $.01 Par Value
200,000 shares (1)
$ 20.42 (2)
$ 4,084,000
$ 335.00
(1)
Pursuant to Rule 416 under the Securities Act of 1933, as amended, an indeterminate amount of
additional shares of Common Stock, which may become issuable pursuant to the
anti-dilution provisions of the 2001 Stock Option Plan are also being registered.
The shares being registered consist of (a) 197,000 shares that are being registered
pursuant to the 2001 Stock Option Plan; and (b) 3,000 shares that are being
registered pursuant to the 2003 Employee Stock Bonus Plan.
(2)
Estimated solely for the purpose of calculating the registration fee, pursuant to Rule 457(c) and
(h)(1) under the Securities Act of 1933, as amended. The price per share and
aggregate offering price are based on $20.42 (being the average of high and low
prices of Registrant's Common Stock as reported on the American Stock Exchange on
December 12, 2003.)
This
Registration Statement relates to a total of 200,000 shares of common stock, par value
$.01 per share ("Common Stock") of Arrhythmia Research Technology, Inc. (the
"Company"), consisting of (i) 197,000 shares which may be offered and sold
pursuant to options granted or which may be granted under the Company's 2001 Stock
Option Plan; and (ii) 3,000 shares which may be granted under the 2003 Employee Stock
Bonus Plan.  Pursuant to Rule 416 under the Securities Act of 1933, as amended, an indeterminate
amount of additional shares, which may become issuable pursuant to the respective anti-dilution
provisions of the 2001 Stock Option Plan (or pursuant to options granted thereunder) and the 2003
Employee Stock Bonus Plan are also being registered hereunder.
PART I
ITEM     1.       PLAN INFORMATION
The
Company will send or give document(s) containing the information specified in Part I to
participants as specified by Rule 428(b)(1). These documents are not required to be filed
as part of this Registration Statement.
ITEM     2.
Upon written or oral request by a participant in the 2001 Stock Option Plan or the 2003
Employee Stock Bonus Plan, the Company will provide any of the documents incorporated by
reference into the Section 10(a) prospectus, without charge. Any document required to be
delivered to the participants pursuant to Rule 428(b) will also be delivered without
charge.
PART II
ITEM     
3.       INCORPORATION OF DOCUMENTS BY REFERENCE
The following documents previously filed with the Commission by the Company are incorporated
in this Registration Statement by reference:
a.
Annual Report on Form 10-K for the fiscal year ended December 31, 2002, filed on
          March 19, 2003
.
b.
Current Report on Form 8-K filed on March 21, 2003
.
c.
Definitive Proxy
        Statement filed on April 4, 2003.
d.
Current Report on Form 8-K filed on May 8, 2003.
e.
Quarterly Report on Form 10-QSB for the quarter ended March 31, 2003 filed on May 15, 2003.
f.
Current Report on Form 8-K filed on June 27, 2003.
g.
Current Report on Form 8-K filed on August 7, 2003.
h.
Quarterly Report on Form 10-QSB for the quarter ended June 30, 2003 filed on
         August 13, 2003.
i.
Current Report on Form 8-K filed on October 31, 2003.
j.
Quarterly Report on Form 10-QSB for the quarter ended September 30, 2003 filed
       on November 5, 2003.
k.
The description of the Company's Common Stock contained in Item 1 of the Company's
        Registration Statement on Form 8-A filed with the SEC on February 12, 1992.
All
documents subsequently filed by the registrant pursuant to Sections 13(a), 13(c), 14 and
15(d) of the Exchange Act, prior to the filing of a post-effective amendment which
indicates that all securities offered have been sold or which deregisters all securities
then remaining unsold, shall be deemed to be incorporated by reference into this
Registration Statement and to be a part hereof from the date of filing of such documents.
ITEM     
4.       DESCRIPTION OF SECURITIES
Not applicable.
ITEM     
5.       INTERESTS OF NAMED EXPERTS AND COUNSEL
Not applicable.
ITEM     
6.       INDEMNIFICATION OF OFFICERS AND DIRECTORS
Section
145 of the General Corporation Law of the State of Delaware grants each corporation
organized thereunder, such as the Company, the power to indemnify its directors and
officers against liability for certain of their acts. Section 102(b)(7) of the Delaware
Corporation Law permits a provision in the certificate of incorporation of each
corporation organized thereunder eliminating or limiting, with specified exceptions, the
personal liability of a director to the corporation or its stockholders for monetary
damages for breach of fiduciary duty as a director. The Company's certificate of
incorporation contains this provision. The foregoing statements are subject to the
detailed provisions of Sections 145 and 102(b)(7) of the Delaware General Corporation Law.
Article
VI of the Company's Amended and Restated Articles of Incorporation provides that the
Company will indemnify its officers, directors and employees to the fullest extent
permitted by the Delaware General Corporation Law in connection with proceedings with
which any such person is involved by virtue of his or her status as an officer, director
or employee. The Company maintains directors' and officers' liability insurance,
including a reimbursement policy in favor of the Company.
ITEM     
7.       EXEMPTION FROM REGISTRATION CLAIMED
Not
applicable.
ITEM     
8.       EXHIBITS
Exhibit Number
Description
4.1
Arrhythmia Research
        Technology, Inc. 2001 Stock Option Plan
4.2
Arrhythmia Research Technology,
        Inc. 2003 Employee Stock Bonus Plan
5.1
Opinion of Dilworth Paxson LLP.
23.1
Consent of BDO
        Seidman, LLP
.
23.2*
Consent of Dilworth Paxson LLP.
24.1
Power of Attorney is contained on the signature page of this Registration Statement
.
_________________
* Included in Exhibit 5.1 to this
Registration Statement.
ITEM     
9.       UNDERTAKINGS
a.
The undersigned Registrant will:
(1)
File, during any period in which it offers or sells securities, a post-effective
       amendment to this registration statement to include any additional or changed
       material information on the plan of distribution.
(2)
For determining liability under the Securities Act, treat each post-effective
       amendment as a new registration statement of the securities offered, and the
       offering of the securities at that time to be the initial
bona fide
offering thereof.
(3)
File a post-effective amendment to remove from registration any of the
        securities that remain unsold at the end 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.
c.
Insofar as indemnification for liabilities arising under the Securities Act of
       1933 (the "Act") 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 Securities Act and will be governed by the final adjudication of such
        issue.
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 Fitchburg, State of Massachusetts,
on the 18th day of December, 2003.
ARRHYTHMIA RESEARCH
        TECHNOLOGY, INC.
By:
/s/ David A. Garrison
David A. Garrison
Chief Financial Officer
POWER OF ATTORNEY
Each
of the undersigned officers and directors of the Registrant, Arrhythmia Research
Technology, Inc., whose signature appears below, hereby appoints David A. Garrison and
James E. Rouse, jointly and individually, as attorneys-in-fact for the undersigned with
full power of substitution, to execute in his or her name and on behalf of such person,
individually, and in each capacity stated below, this Registration Statement on Form S-8
and one or more amendments (including post-effective amendments) to this Registration
Statement and any related registration statement under Rule 462(b) under the Securities
Act of 1933 as the attorney-in-fact shall deem appropriate, and to file any such amendment
(including exhibits thereto and other documents in connection herewith) to this
Registration Statement on Form S-8 or Rule 462(b) registration statement with the
Securities and Exchange Commission, granting unto said attorneys-in-fact, and each of
them, full power and authority to do and perform each and every act and thing requisite
and necessary to be done in and about the premises, as fully to all intents and purposes
as such person might or could do in person, hereby ratifying and confirming all that said
attorneys-in-fact, or either of them, may lawfully do or cause to be done by virtue
hereof.
Pursuant
to the requirements of the Securities Act of 1933, as amended, this Registration Statement
has been signed by the following persons in the capacities and on the dates indicated.
Signature
Title
Date
/s/  James E. Rouse
James E. Rouse
President, Chief Executive
         Officer and Director
(Principal Executive Officer)
December 18, 2003
/s/  David A. Garrison
David A. Garrison
Chief Financial Officer
(Principal Financial Officer and
Principal Accounting Officer)
December 18, 2003
/s/  E.P. Marinos
E.P. Marinos
Chairman of the Board of Directors
December 18, 2003
/s/  Russell C. Chambers
Russell C. Chambers
Director
December 18, 2003
/s/  Julius Tabin
Julius Tabin
Director
December 18, 2003
Paul F. Walter
Director
EXHIBIT INDEX
Exhibit Number
Description
4.1
Arrhythmia Research Technology, Inc. 2001 Stock Option Plan
4.2
Arrhythmia Research Technology, Inc. 2003 Stock Bonus Plan
5.1
Opinion of Dilworth Paxson LLP.
23.1
Consent of BDO Seidman, LLP.
23.2*
Consent of Dilworth Paxson.
24
Power of Attorney is contained on the signature page of this
Registration Statement
________________________________
*Included in Exhibit 5.1 to this Registration Statement.