CSP INC /MA/ — Director's Dealing 2005

May 3, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CSP INC /MA/ (CSPI)
CIK: 0000356037
Period of Report: 2005-04-29

Reporting Person: LEVINE GARY W (CFO VP Finance)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-04-29	Common Stock	I	608	$6.17	Acquired	6292	Direct

Footnotes

F1: Common stock purchased from the employee stock purchase plan