SECURITIES AND EXCHANGE COMMISSION

                            WASHINGTON, D.C.   20549


                                 FORM 10-Q


                   QUARTERLY REPORT UNDER SECTION 13 OR 15(d)
                     OF THE SECURITIES EXCHANGE ACT OF 1934

                  FOR THE QUARTER ENDED FEBRUARY 29, 2000

                         COMMISSION FILE NUMBER 0-9061


                             ELECTRO RENT CORPORATION
              Exact name of registrant as specified in its charter


        CALIFORNIA                                    95-2412961
(State or other jurisdiction of                   (I.R.S. Employer
incorporation or organization)                   Identification No.)


       6060 SEPULVEDA BOULEVARD
         VAN NUYS, CALIFORNIA                          91411-2501
(Address of principal executive offices)             (Zip code)

                                 (818)  786-2525
              (Registrant's telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to
such filing requirements for the past 90 days.

                            Yes       X    NO

At April 4, 2000 registrant had 24,632,585 shares of common stock
outstanding.

<PAGE>
                              ELECTRO RENT CORPORATION

                                      FORM 10-Q

                                  FEBRUARY 29, 2000

                                  TABLE OF CONTENTS


                                                                           Page
Part I:     FINANCIAL INFORMATION

      Condensed Consolidated Statements of Income for the Three
       and Nine Months Ended February 29, 2000 and February 28, 1999          3

      Condensed Consolidated Balance Sheets at
       February 29, 2000 and May 31, 1999                                     4

      Condensed Consolidated Statements of Cash Flows for the
       Nine Months Ended February 29, 2000 and February 28, 1999              5

      Notes to Condensed Consolidated Financial Statements                    6

      Management's Discussion and Analysis of Financial
        Condition and Results of Operations                                   8

Part II:    OTHER INFORMATION                                                13

SIGNATURES                                                                   14


                                     Page 2
<PAGE>
<TABLE>
Part I.  FINANCIAL INFORMATION
-----------------------------------
Item 1. Financial Statements

                              ELECTRO RENT CORPORATION

                     CONDENSED CONSOLIDATED STATEMENTS OF INCOME
                   (Unaudited) (000 omitted except per share data)
<CAPTION>
                                    Three Months Ended      Nine Months Ended
                                   February 29 February 28 February 29 February 28
                                     2000        1999        2000        1999
                                   --------    --------    ---------   ---------
<S>                                <C>         <C>         <C>         <C>
Revenues:
  Rentals and leases             $  47,601   $  56,382   $  152,166  $  179,086
  Sales of equipment
    and other revenues              11,488       8,430       31,141      27,320
                                   --------    --------    ---------   ---------
    Total revenues                  59,089      64,812      183,307     206,406
                                   --------    --------    ---------   ---------
Costs and expenses:
  Depreciation of equipment         23,254      27,092       73,530      81,111
  Costs of revenues other
    than depreciation               10,352       6,287       26,844      25,589
  Selling, general and
    administrative expenses         15,521      17,164       49,458      60,770
  Interest                           1,270       2,708        4,512       9,908
                                   --------    --------    ---------   ---------
    Total costs and expenses        50,397      53,251      154,344     177,378
                                   --------    --------    ---------   ---------
Income before income taxes           8,692      11,561       28,963      29,028

Income taxes                         3,303       4,740       11,005      11,901
                                   --------    --------    ---------   ---------
Net income                       $   5,389   $   6,821   $   17,958  $   17,127
                                   ========    ========    =========   =========
Earnings per share:
  Basic                          $    0.22   $    0.28   $     0.73  $     0.70
  Diluted                        $    0.22   $    0.27   $     0.72  $     0.68

Average shares used in
  per share calculation:
  Basic                             24,621      24,453       24,547      24,434
  Diluted                           24,982      24,941       24,972      25,032



<FN>
                              See accompanying notes to
                    condensed consolidated financial statements.
                                     Page 3
<PAGE>

</TABLE>
<TABLE>
                              ELECTRO RENT CORPORATION

                        CONDENSED CONSOLIDATED BALANCE SHEETS
                              (Unaudited) (000 omitted)

                                       ASSETS
<CAPTION>
                                                          February 29,  May 31,
                                                              2000        1999
                                                           ---------   ---------
<S>                                                        <C>         <C>
Cash                                                     $      861  $    4,039
Accounts receivable, net
  of allowance for doubtful accounts                         36,051      45,874
Rental and lease equipment, net
  of accumulated depreciation                               202,613     229,317
Other property, net of accumulated
  depreciation and amortization                              21,159      22,651
Goodwill and intangibles, net of amortization                60,156      61,469
Other                                                         5,624       5,358
                                                           ---------   ---------
                                                         $  326,464  $  368,708
                                                           =========   =========

                        LIABILITIES AND SHAREHOLDERS' EQUITY

Liabilities:
  Bank borrowings                                        $   49,100  $  107,500
  Accounts payable                                           23,508      21,555
  Accrued expenses                                           22,484      26,725
  Deferred income taxes                                      16,863      16,754
                                                           ---------   ---------
    Total liabilities                                       111,955     172,534
                                                           ---------   ---------
Shareholders' equity:
  Common stock                                               10,887      10,510
  Retained earnings                                         203,622     185,664
                                                           ---------   ---------
    Total shareholders' equity                              214,509     196,174
                                                           ---------   ---------
                                                         $  326,464  $  368,708
                                                           =========   =========
<FN>
                              See accompanying notes to
                    condensed consolidated financial statements.

</TABLE>
                                     Page 4
<PAGE>
                              ELECTRO RENT CORPORATION

                   CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                              (Unaudited) (000 omitted)
<TABLE>
<CAPTION>
                                                           Nine Months Ended
                                                           February 29 February 28
                                                             2000        1999
                                                           ---------   ---------
<S>                                                        <C>         <C>
Cash flows from operating activities:
  Net income                                             $   17,958  $   17,127
  Adjustments to reconcile net income to net cash
    provided by operating activities:
    Depreciation and amortization                            77,185      84,822
    Provision for losses on accounts receivable                 923       2,362
    Gain on sale of equipment                                (3,907)     (2,698)
    Change in operating assets and liabilities:
      Decrease in accounts receivable                         8,900      10,235
      Decrease (increase) in other assets                      (851)        485
      Increase (decrease) in accounts payable                (6,124)        541
      Increase (decrease) in accrued expenses                (4,241)      1,055
      Increase (decrease) in deferred income taxes              109        (356)
                                                           ---------   ---------
      Net cash provided by operating activities              89,952     113,573
                                                           ---------   ---------
Cash flows from investing activities:
  Proceeds from sale of equipment                            27,025      23,480
  Payments for purchase of rental and lease equipment       (61,885)    (57,963)
  Payments for purchase of other property                      (247)       (327)
                                                           ---------   ---------
      Net cash used in investing activities                 (35,107)    (34,810)
                                                           ---------   ---------
Cash flows from financing activities:
  Decrease in short-term bank borrowings                    (58,400)    (80,200)
  Proceeds from issuance of common stock                        377          47
                                                           ---------   ---------
      Net cash used in financing activities                 (58,023)    (80,153)
                                                           ---------   ---------
Net decrease in cash                                         (3,178)     (1,390)
Cash at beginning of period                                   4,039       2,281
                                                           ---------   ---------
Cash at end of period                                    $      861  $      891
                                                           =========   =========
<FN>
                              See accompanying notes to
                    condensed consolidated financial statements.
</TABLE>

                                     Page 5
<PAGE>
             NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                (UNAUDITED)

Note 1 -- Basis of Presentation
-----------------------------------
The unaudited consolidated financial statements are condensed and do not
contain all information required by generally accepted accounting principles
to be included in a full set of financial statements.  The condensed
consolidated financial statements include Electro Rent Corporation and the
accounts of its wholly owned subsidiaries. All intercompany balances and
transactions have been eliminated.  The information furnished reflects all
adjustments which are, in the opinion of management, necessary to a fair
statement of the financial position and the results of operations of the
Company.  All such adjustments are of a normal recurring nature. The
preparation of financial statements in conformity with generally accepted
accounting principles requires management to make estimates and assumptions
that affect the reported amounts of assets and liabilities and disclosure of
contingent assets and liabilities at the date of the financial statements and
the reported amounts of revenues and expenses during the reporting period.
Actual results could differ from those estimates.


Note 2 -- Interest and Income Taxes Paid
-------------------------------------------
Total interest paid during the nine month periods ended February 29, 2000 and
February 28, 1999 was $3,949,000 and $11,507,000, respectively.  Total income
taxes paid during the nine month period ended February 29, 2000 were
$15,040,000 compared to $8,399,000 during the same period in the prior year.
Interest and income taxes paid will vary from amounts recorded in the
financial statements.


Note 3 -- Noncash Investing and Financing Activities
-------------------------------------------------------
The Company acquired equipment totaling $23,054,000 and $14,977,000 as of
February 29, 2000 and May 31, 1999, respectively, and $14,642,000 and
$19,231,000 as of February 28, 1999 and May 31, 1998, respectively, payable
during subsequent quarters.

Note 4 -- Capital Leases
----------------------------
The Company has certain customer leases providing bargain purchase options
with a portion of lease revenue deferred until option exercise.   At February
29, 2000 investment in sales-type leases of $1,339,000 net of deferred
interest of $75,000 is included in other assets.  Interest income is
recognized over the life of the lease using the interest method.

Note 5 -- Derivative Positions
----------------------------
The Company has entered into an interest rate protection agreement. The
Company's exposure under this agreement is limited to the impact of variable
interest rate fluctuations and the periodic settlement of amounts due under
this agreement if the other party fails to perform.  The Company does not
anticipate nonperformance by the counterparty, which is a major financial
institution.

As of February 29, 2000, the Company held one interest rate swap agreement
with a notional amount of $25,000,000, interest rate of 5.939% and expiration
date of December 2000.


<PAGE>
Item 2.     Management's Discussion and Analysis of Financial Condition and
                  Results of Operations

The following discussion addresses the financial condition of the Company as
of February 29, 2000 and the results of operations for the three and nine
month periods ended February 29, 2000 and February 28, 1999.  This discussion
should be read in conjunction with the Management's Discussion and Analysis
section included in the Company's 1999 Annual Report on Form 10-K (pages
15-18) to which the reader is directed for additional information.


Results of Operations

Comparison of Three Months Ended February 29, 2000 and February 28, 1999

Total revenues for the three months ended February 29, 2000 decreased 8.8% to
$59.1 million from $64.8 million, primarily as a result of continuing
attrition of the TMS business acquired in November 1997 and a generally weak
PC market during the last twelve months, but partially offset by continuing
improvement of test and measurement equipment rentals in the
telecommunications segment.  Rental and lease revenues decreased 15.6% to
$47.6 million, largely for the reasons noted above, and sales of equipment and
other revenues increased 36.3% to $11.5 million, primarily  reflecting a
higher volume of PC sales.

Depreciation of equipment increased from 48.1% of rental and lease revenues in
the third quarter of fiscal 1999 to 48.9% of rental and lease revenues in the
third quarter of fiscal 2000.  This increase is primarily due to lower
personal computer utilization and an acceleration of depreciation for personal
computers which was implemented at the beginning of fiscal 1999.

Costs of revenues other than depreciation primarily includes the cost of
equipment sales, which increased from 69.3% of equipment sales in the third
quarter of fiscal 1999 to 90.8% of equipment sales in the third quarter of
fiscal 2000.  This increase primarily reflects a higher volume of PC sales
which have lower sales margins than test and measurement equipment.

Selling, general and administrative expenses totaled $15.5 million for the
third quarter of fiscal 2000, or 26.3% of revenues, as compared to $17.2
million, or 26.5% of revenues, for the third quarter of fiscal 1999.  This
increase of the expense ratio reflects revenue declines experienced during the
last twelve months, which were almost offset by cost savings resulting from
organizational changes, including the reduction of excess capacity.

As a result of the changes in revenues, operating costs and expenses discussed
above, earnings before interest and taxes were $10.0 million or 16.9% of total
revenues in the third quarter of fiscal 2000 compared to $14.3 million or
22.0% of total revenues in the third quarter of fiscal 1999.

Interest expense decreased to $1.3 million in the third quarter of fiscal
2000 from $2.7 million in the third quarter of fiscal 1999.  This decrease is
primarily due to a reduction of the Company's loans with various banks from
$146.7 million at February 28, 1999 to $49.1 million at February 29, 2000,
partially offset by higher interest rates.


Comparison of Nine Months Ended February 29, 2000 and February 28, 1999

Total revenues for the nine months ended February 29, 2000 decreased 11.2% to
$183.3 million from $206.4 million, primarily as a result of continuing
attrition of the TMS business acquired in November 1997 and a generally weak
PC market during the last twelve months.  Rental and lease revenues decreased
15.0% to $152.2 million, largely for the reasons noted above, and sales of
equipment and other revenues increased 14.0% to $31.1 million, primarily
reflecting a higher volume of PC sales.

Depreciation of equipment increased from 45.3% of rental and lease revenues in
the first nine months of fiscal 1999 to 48.3% of rental and lease revenues in
the first nine months of fiscal 2000.  This increase is primarily due to lower
personal computer utilization and an acceleration of depreciation for personal
computers which was implemented at the beginning of fiscal 1999.

Costs of revenues other than depreciation primarily includes the cost of
equipment sales, which decreased from 88.5% of equipment sales in the first
nine months of fiscal 1999 to 85.5% of equipment sales in the first nine
months of fiscal 2000.  This decrease is primarily attributable to a more
normal sale activity for the current year.

Selling, general and administrative expenses totaled $49.5 million for the
first nine months of fiscal 2000, or 27.0% of revenues, as compared to $60.8
million, or 29.4% of revenues, for the first nine months of fiscal 1999.  This
decrease of the expense ratio reflects revenue declines experienced during the
last twelve months, which were offset in greater proportion by cost savings
resulting from organizational changes, including the reduction of excess
capacity.

As a result of the changes in revenues, operating costs and expenses discussed
above, earnings before interest and taxes were $33.5 million or 18.3% of total
revenues in the first nine months of fiscal 2000 compared to $38.9 million or
18.9% of total revenues in the first nine months of fiscal 1999.

Interest expense decreased to $4.5 million in the first nine months of fiscal
2000 from $9.9 million in the first nine months of fiscal 1999.  This decrease
is primarily due to a reduction of the Company's loans with various banks from
$146.7 million at February 28, 1999 to $49.1 million at February 29, 2000,
partially offset by higher interest rates.


Liquidity and Capital Resources

The Company's primary capital requirements are purchases of rental and lease
equipment and debt service.  The Company purchases equipment throughout each
year to replace equipment which has been sold and to maintain adequate levels
of rental equipment to meet existing and new customer needs.  The market for
personal computers has declined during the last twelve months.  However,
during the first three quarters of fiscal 2000, increased purchases of
equipment were made to support some areas of growth for both personal
computers and test and measurement equipment.  In spite of these increased
purchases, bank borrowings are expected to continue declining during fiscal
2000 and 2001.

During the nine months ended February 29, 2000 and February 28, 1999 net cash
provided by operating activities was $90.0 million and $113.6 million,
respectively.  The decrease in fiscal 2000 results primarily from lower
earnings before depreciation and gain on sale of equipment and decreases in
accounts payable and accrued expenses.  During the nine months ended February
29, 2000 and February 28, 1999 net cash used in investing activities was $35.1
million and $34.8 million, respectively.  This increase is primarily
attributable to a higher level of payments for equipment purchases, primarily
in the test and measurement area, which more than offset increased proceeds
from the sale of equipment.  During the first nine months of fiscal 2000 net
cash used in financing activities was $58.0 million, compared to $80.2 million
in the first nine months of fiscal 1999, reflecting a decline in repayments of
bank borrowings.

The Company has available a revolving line of credit of $63.0 million, subject
to certain borrowing base restrictions, to meet equipment acquisition needs as
well as working capital and general corporate requirements.  The Company had
borrowings of $49.1 million under the Credit Facility at February 29, 2000.


Year 2000 Compliance

General.  The computer systems issue relating to dates beyond 1999 is the
result of many computer programs being written to use and store dates with only
the last two digits of the applicable year.  As a result, these programs may
assume that all two-digit dates are twentieth century dates.  This could result
in system failure, anomalous system behavior or incorrect system reporting.
System failure could, in turn, temporarily affect the Company's ability to
process customer transactions, interface with vendors and engage in similar
normal business activities.

Prior to 2000, the Company completed implementation of its plan to address
all known aspects of the issue, with immaterial associated costs.  During the
first three months of 2000, the Company assessed how it was impacted.

Software Information Systems.  Software information systems consist of the
Company's base financial and operations system (internally-developed PERFECT
system), other smaller scale software applications and other programs
developed internally.  All of these systems were found to be Year 2000
compliant.

Vendor Provided Computer Hardware and Operating Systems.  Vendor provided
computer hardware and operating systems include all data center equipment (Sun
Microsystems Enterprise 6000) and networks (Novell and Microsoft NT).  All of
these systems were found to be Year 2000 compliant.

Communications Systems.  Communications systems include all data center
equipment and software systems used to support external communications with
customers, employees, suppliers and business partners, and all corporate
equipment and software systems used to support internal business management
communications.  Corporate and field office communications systems were found
to be Year 2000 compliant.

Suppliers and Other Business Partners.  This area of the plan called for all
significant suppliers and other business partners to be monitored for Year
2000 readiness.  The Company is not currently aware of any single vendor or
business partner with Year 2000 compliance issues that could have a material
impact on the Company.   The Company can provide no assurance that Year 2000
compliance was successfully implemented by all of its suppliers.

Rental and Lease Equipment Pool.  The Company has reviewed its rental and
lease equipment pool to determine whether its use and market value may be
materially adversely affected by the Year 2000 conversion.  The Company may
encounter Year 2000 risk as a result of the Year 2000 failure of equipment
rented, leased or sold by the Company.  The Company may face claims from
customers and their end users arising in connection with bodily injury,
property damage and business interruption as a result of a Year 2000 failure
in equipment provided by the Company.  Based on the Company's standard rental
and lease agreements, the Company believes that it would not be liable for
such claims.  However, there can be no assurance that such claims will not be
brought against the Company.

Additionally, Year 2000 may have an impact on the fair market value of the
Company's rental and lease equipment pool for which the manufacturer does not
make available a Year 2000 compliance upgrade path or in the event an available
Year 2000 upgrade is cost prohibitive relative to the market value of the
equipment.  Although the Company is still in the process of evaluating any
potential Year 2000 market value risks, nothing has come to the Company's
attention that would lead it to believe that the amounts the Company will
ultimately realize would result in gross margins materially different from
current levels.

Contingency Planning.  The Company determined that a comprehensive contingency
plan was not required to address the risk of operational problems and costs
likely to result from a failure by the Company or by a supplier or business
partner to address Year 2000 readiness.  The Company believes that failure
will not alone adversely affect the continuity of the core business.  The
Company believes it is substantially Year 2000 compliant and that business
risks have been minimized.  However, there can be no guarantee that Year 2000
compliance issues not yet identified or fully addressed will not materially
affect the Company's operations or expose it to third party liability.


Qualitative And Quantitative Market Risk Disclosures

The Company's primary market risk exposure is interest rate risk, primarily
related to its borrowings under its unsecured revolving credit facility.
However, a changing interest rate environment does not necessarily impact the
Company's margins since the effects of higher or lower borrowing costs may be
reflected in the rates on newly rented and leased assets. The Company attempts
to reduce this risk by utilizing derivative financial instruments, namely
interest rate caps and swaps, pursuant to Company policies. All derivative
financial instruments are for purposes other than trading.

The table below presents the principal (or notional) amounts of the Company's
bank borrowings and derivative financial instruments by expected maturity
dates.  The table reflects expected maturities as of February 29, 2000 and does
not reflect changes which could arise after that time. There are no expected
maturities after May 31, 2001. The Company's ultimate realized gain or loss
with respect to interest rate fluctuations will depend on exposures that arise
during the respective period, the Company's hedging strategies at the time, and
actual interest rates.


<TABLE>
<CAPTION>
                                   Year ended May 31,                    Fair
(in thousands except percentages)    2000        2001        Total       Value
<S>                                <C>         <C>                     <C>

 Bank Borrowings
    Principal amount(a)          $  19,300   $  29,800   $   49,100  $   49,100
    Average interest rate(b)         VR%         VR%          VR%
 Interest Rate SWAP
    Notional amount(c)                       $  25,000   $   25,000  $       98
    Rate to be paid by the Company               5.939%       5.939%
    Rate to be received by the Company         3-month      3-month
                                                Libor        Libor
</TABLE>

(a) Bank borrowings consist of the Company's unsecured revolving line of
credit, which provided for total available credit of $63.0 million at February
29, 2000. Interest on the line of credit is payable in accordance with the
applicable London Interbank Offering Rate (LIBOR) agreement or quarterly, and
accrues, at the Company's option, either at the LIBOR plus margin (as defined)
or the Base Rate (as defined).

(b) Variable Rate (VR) based on LIBOR plus margin or Base Rate as defined in
the Credit Agreement.

(c) In December 1997, the Company entered into one 3-year floating rate to
fixed rate interest rate swap agreement in the notional amount of $25.0
million.

The Company is also subject to foreign currency rate risk relating to rentals
and leases denominated in Canadian dollars. The Company has determined that
hedging of these assets is not cost effective and instead attempts to minimize
currency exposure risk through working capital management. The Company does not
believe that any foreseeable change in currency rates would have a material
effect on its financial position or results of operations.
<PAGE>
Part II.  OTHER INFORMATION
----------------------------

Items 1. through 3.
----------------------------
      Nothing to report.


Item 4.  Submission of Matters to a Vote of Security Holders

      Nothing to report.

Item 5.
----------------------------
      Nothing to report.


Item 6.  Exhibits and Reports on Form 8-K
-------------------------------------------
      Nothing to report.

<PAGE>
                                  SIGNATURES
      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 thereto duly authorized.

                                         ELECTRO RENT CORPORATION

DATED:        April 13, 2000            /s/ Craig R. Jones

                                          Craig R. Jones
                                          Vice President and
                                          Chief Financial Officer

<PAGE>