International Telemetering Conference Proceedings / October 17-20, 1994 / Town & Country Hotel and Conference Center, San Diego, California / A real time distributed computer telemetry system based on network is described. It is a new generation of open telemetry system in China, which can parallel acquire and process up to 8 data streams of 100bps~3.5Mbps and optimize automatically distribution of processing tasks by using load-balance technique. PCM PSK QPSK PACM may be suitable to the system and the format switched within less than 1 second. The system has been successfully used in the field of aerospace. There are models of automobile, shipboard, airborne as well as ground station for the system. This paper discusses mainly system architecture, performance, principle, and system features.