Abstract: Apparatus and methods for allocating shared memory utilizing linked lists are provided which are particularly useful in telecommunications applications such as ATM. A management RAM contained within a VLSI circuit is provided for controlling the flow of data into and out of a shared memory (data RAM), and stores information regarding a number of link lists and a free link list in the shared memory, and a block pointer to unused RAM locations. A head pointer, tail pointer, block counter and empty flag are stored for each data link list. The head and tail pointers each include a block pointer and a position counter. The block counter contains the number of blocks used in the particular queue. The empty flag indicates whether the queue is empty. The free link list includes a head pointer, a block counter, and an empty flag. Each memory page of the shared data RAM receiving the incoming data includes locations for storing data.