SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

     Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

        Date of Report (Date of earliest event reported): October 2, 2003


                                   EPLUS INC.
              -----------------------------------------------------
             (Exact name of registrant as specified in its charter)

               Delaware                   000-28926           54-1817218
               --------------          --------------       --------------
     (State or other jurisdiction  (Commission File Number) (IRS Employer
              of incorporation)                             Identification No.)

                  400 Herndon Parkway, Herndon, Virginia 20170
              -----------------------------------------------------
          (Address, including zip code, of principal executive office)

                                 (703) 834-5710
                                 --------------
              (Registrant's telephone number, including area code)




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Item 9.           Regulation FD Disclosure

On October 1, 2003,  ePlus inc. (the "Company")  announced by press release that
its Board of Directors authorized a plan to repurchase up to 3,000,000 shares of
the Company's outstanding common stock, par value $0.01 per share, over a period
of time ending no later than  September  30,  2004,  and limited to a cumulative
purchase amount of $7,500,000.  Subject to availability,  these purchases may be
made from time to time in the open market or otherwise at prices that management
deems  appropriate.  The press  release  is  attached  hereto as  Exhibit 99 and
incorporated by reference herein.


Exhibits    Description

99        Press  Release dated October 1, 2003  regarding  announcement
          of stock repurchase program.




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                                    SIGNATURE

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

                                              ePlus inc.


                                              By: /s/ Steven J. Mencarini
                                                  ------------------------------
                                                  Steven J. Mencarini
Date: October 2, 2003                             Chief Financial Officer





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                                  EXHIBIT INDEX

Exhibit Number      Description

99                Press Release dated October 1, 2003  regarding  announcement
                  of stock repurchase program.