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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549

Form 10-Q

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d)

OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarter ended September 30, 2000

Commission file number 0-20165

STERIS Corporation
(Exact name of registrant as specified in its charter)

|Ohio                                     | 34-1482024                     
|---------------------------------------- | -------------------------------
|(State or other jurisdiction of          | (IRS Employer                  
|incorporation or organization)           | Identification No.)            
|                                        
|                                        
|5960 Heisley Road,                       | 440-354-2600                   
|Mentor, Ohio 44060-1834                  | (Registrants telephone number,
|(Address of principal executive offices) | 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 [ ].

The number of Common Shares outstanding as of October 31, 2000: 67,873,435

---



|STERIS Corporation                   
|-------------------------------------
|                                     
|Index                                
|                                     
|                                     
|                                     
|                                     
|                                     
|Part I - Financial Information       
|                                     
|                                     
|Item 1.                              
|                                     
|Item 2.                              
|                                     
|                                     
|                                     
|Item 3.                              
|                                     
|                                     
|                                     
|Part II - Other Financial Information
|                                     
|Item 1.                              
|                                     
|Item 6.                              
|                                     
|                                     





|PART I - FINANCIAL INFORMATION                                                                
|----------------------------------------------------------------------------------------------
|ITEM 1. FINANCIAL STATEMENTS                                                                  
|                                                                                              
|                                                                                              
|STERIS CORPORATION                                                                            
|CONSOLIDATED BALANCE SHEETS                                                                   
|(Dollars in thousands)                                                                        
|                                                                                              
|                                                                                              
|                                                                                              
|                                                                                              
|                                                                                              
|                                                                                              
|                                                                                              
|Assets                                                                                        
|Current assets:                                                                               
|Cash and cash equivalents                                                                     
|Accounts receivable (net of allowances of $6,234 and $6,047, respectively)                    
|Inventories                                                                                   
|Current portion of deferred income taxes                                                      
|Prepaid expenses and other assets                                                             
|                                                                                              
|Total current assets                                                                          
|                                                                                              
|Property, plant, and equipment                                                                
|Accumulated depreciation                                                                      
|                                                                                              
|Net property, plant, and equipment                                                            
|Intangibles                                                                                   
|Accumulated amortization                                                                      
|                                                                                              
|Net intangibles                                                                               
|Other assets                                                                                  
|                                                                                              
|Total assets                                                                                  
|                                                                                              
|                                                                                              
|Liabilities and shareholders' equity                                                          
|Current liabilities:                                                                          
|Current portion of long-term in debtedness                                                    
|Accounts payable                                                                              
|Accrued expenses and other                                                                    
|                                                                                              
|Total current liabilities                                                                     
|Long-term indebtedness                                                                        
|Deferred income taxes                                                                         
|Other long-term liabilities                                                                   
|                                                                                              
|Total liabilities                                                                             
|Shareholders' equity:                                                                         
|Serial preferred shares, without par value, 3,000,000 shares authorized; no shares outstanding
|Common Shares, without par value; 300,000,000 shares authorized;                              
|issued and outstanding shares of 67,682,425 at September 30, 2000                             
|and 67,517,075 at March 31, 2000, excluding 796,521 and 1,052,419                             
|treasury shares, respectively                                                                 
|Retained earnings                                                                             
|Cumulative translation adjustment                                                             
|                                                                                              
|Total shareholders' equity                                                                    
|                                                                                              
|Total liabilities and shareholders' equity                                                    
|                                                                                              

See notes to consolidated financial statements.





STERIS CORPORATION
CONSOLIDATED STATEMENTS OF INCOME

(Dollars in thousands, except per share amounts)

(Unaudited)

|                                                |  
|----------------------------------------------- | -
|                                                |  
|                                                |  
|                                                |  
|                                                |  
|                                                |  
|                                                |  
|                                                |  
|Net revenues                                    | $
|Cost of goods and services sold                 |  
|                                                |  
|Gross profit                                    |  
|                                                |  
|                                                |  
|Costs and expenses:                             |  
|General and administrative expenses             |  
|Research and development                        |  
|                                                |  
|                                                |  
|                                                |  
|                                                |  
|                                                |  
|Income from operations                          |  
|Interest expense, net                           |  
|                                                |  
|Income before income taxes                      |  
|Income tax expense                              |  
|                                                |  
|Net income                                      | $
|                                                |  
|                                                |  
|                                                |  
|Net income per share - basic                    | $
|                                                |  
|Net income per share - diluted                  | $
|                                                |  
|                                                |  
|See notes to consolidated financial statements. |  



STERIS CORPORATION

CONSOLIDATED STATEMENTS OF CASH FLOWS (Dollars in thousands)

(Unaudited)

---

|                                                     |  |   | 6 Months Ended |  
|---------------------------------------------------- |  | - | -------------- | -
|                                                     |  |   | September 30,  |  
|                                                     |  |   |                |  
|                                                     |  |   | 2000           |  
|                                                     |  |   |                |  
|Operating activities                                 |  |   |                |  
|Net income                                           |  | $ | 7,552          |  
|Adjustments to reconcile net income to               |  |   |                |  
|net cash provided by operating activities:           |  |   |                |  
|Depreciation and amortization                        |  |   | 22,199         |  
|Other items                                          |  |   | 525            |  
|Changes in operating assets and liabilities:         |  |   |                |  
|Accounts receivable                                  |  |   | 5,800          |  
|Inventories                                          |  |   | 18,963         |  
|Other assets                                         |  |   | (2,143         | )
|Accounts payable and accruals                        |  |   | (16,551        | )
|                                                     |  |   |                |  
|Net cash provided by operating activities            |  |   | 36,345         |  
|                                                     |  |   |                |  
|                                                     |  |   |                |  
|Investing activities                                 |  |   |                |  
|Purchases of property, plant, equipment, and patents |  |   | (26,295        | )
|Proceeds from sales of assets                        |  |   | 90             |  
|Investment in businesses                             |  |   | 0              |  
|                                                     |  |   |                |  
|Net cash used in investing activities                |  |   | (26,205        | )
|                                                     |  |   |                |  
|                                                     |  |   |                |  
|Financing activities                                 |  |   |                |  
|Payments on long-term obligations                    |  |   | (1,116         | )
|Borrowing (payments) under credit facility           |  |   | (13,000        | )
|Purchase of treasury shares                          |  |   | 0              |  
|Stock option and other equity transactions           |  |   | (739           | )
|                                                     |  |   |                |  
|Net cash (used in) provided by financing activities  |  |   | (14,855        | )
|Effect of exchange rate changes on cash and cash     |  |   | (1,714         | )
|equivalents                                          |  |   |                |  
|Increase (decrease) in cash and cash equivalents     |  |   | (6,429         | )
|Cash and cash equivalents at beginning of period     |  |   | 35,476         |  
|                                                     |  |   |                |  
|Cash and cash equivalents at end of period           |  | $ | 29,047         |  
|                                                     |  |   |                |  
|                                                     |  |   |                |  
|                                                     |  |   |                |  
|See notes to consolidated financial statements.      |  |   |                |  



STERIS CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

For the Three and Six Months Ended

September 30, 2000 and 1999

Significant Accounting and Reporting Policies

1.Reporting Entity

STERIS Corporation (the Company or "STERIS") develops, manufactures, and markets infection prevention, contamination prevention, microbial reduction, and therapy support systems, products, services, and
technologies for health care, scientific, research, food, and industrial customers throughout the world. The Company has over 4,500 employees worldwide, including nearly 2,200 direct sales, service, field, and Customer Support personnel. Customer Support
facilities are located in several major global market centers with production and manufacturing operations in the United States, Australia, Canada, Germany, Finland, and Sweden. STERIS operates in a single business segment.

2.Basis of Presentation

The Companys unaudited consolidated financial statements for the three and six months ended September 30, 2000 and September 30, 1999 included in this Quarterly Report on Form 10-Q, have been prepared in accordance
with the accounting policies described in the Notes to Consolidated Financial Statements for the fiscal year ended March 31, 2000 which were included in the Companys Annual Report on Form 10-K filed with the Securities and Exchange Commission on
June 22, 2000, and in managements opinion contain all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation of the financial position, results of operations, and cash flows for the interim periods
presented. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted in accordance with the rules and regulations of the
Securities and Exchange Commission. These financial statements should be read in conjunction with the financial statements and the notes thereto included in the Form 10-K referred to above. The consolidated financial statements include the accounts of the
Company and its wholly-owned subsidiaries. Intercompany accounts and transactions have been eliminated upon consolidation. Certain reclassifications have been made to prior year amounts to conform to the current presentation.

3.Earnings per Share

Following is a summary of Common Shares and Common Share equivalents outstanding used in the calculations of earnings per share (in thousands):

|                                 | Three Months Ended



September 30, |  | Six Months Ended



September 30, | 
|-------------------------------- | ----------------------------------- |  | --------------------------------- | 
|                                 |                                     | 
|                                 |                                     | 
|                                 |                                     |  |                                   | 
|                                 | 2000                                |  | 1999                              | 
|                                 |                                     |  |                                   | 
|Weighted average Common Shares   |                                     |  |                                   | 
|outstanding - basic              | 67,509                              |  | 67,455                            | 
|                                 |                                     |  |                                   | 
|Dilutive effect of stock options | 821                                 |  | 1,020                             | 
|                                 |                                     |  |                                   | 
|Weighted average Common Shares   |                                     |  |                                   | 
|and equivalents - diluted        | 68,330                              |  | 68,475                            | 
|                                 |                                     |  |                                   | 



STERIS CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

For the Three and Six Months Ended

September 30, 2000 and 1999



4.Comprehensive Income

Comprehensive income amounted to $4,953,000 and $14,879,000, net of tax, for the quarters ended September 30, 2000 and 1999, respectively. Comprehensive income amounted to $5,838,000 and $23,792,000, net of tax, for the six
months ended September 30, 2000 and 1999, respectively. The difference between net income and comprehensive income for the periods resulted from the change in the cumulative translation adjustment.

5.Inventories

Inventories are stated at cost, which does not exceed market. The Company uses the last-in, first-out (LIFO) and first-in, first-out (FIFO) cost methods. Inventory costs include material, labor, and overhead. Inventories
were as follows (in thousands):

|                  |  | September 30, |  | March 31, | 
|----------------- |  | ------------- |  | --------- | 
|                  |  | 2000          |  | 2000      | 
|                  |  |               |  |           | 
|Raw material      |  | $22,868       |  | $29,346   | 
|                  |  |               |  |           | 
|Work in process   |  | 23,661        |  | 24,743    | 
|                  |  |               |  |           | 
|Finished goods    |  | 39,132        |  | 50,535    | 
|                  |  |               |  |           | 
|                  |  |               |  |           | 
|Total Inventories |  | $85,661       |  | $104,624  | 
|                  |  |               |  |           | 




6.Financing

On June 19, 2000, the Company entered into a $325,000,000 Revolving Credit Facility (the Facility) which replaced the prior credit facility. The Facility matures on June 29, 2003 and provides financial covenants
and borrowing alternatives which are more appropriate for the Companys strategic objectives. The Facility may be used to refinance existing indebtedness, as well as for general corporate purposes. The Facility bears interest at LIBOR plus 1.25 to
2.25 percent or KeyBank National Associations prime rate. The Facility contains customary covenants which include maintenance of certain financial ratios such as a fixed charge covenant and consolidated leverage ratios. The Facility also places
restrictions on the Companys ability to pay dividends.

7.Contingencies

In December 1999, STERIS received a warning letter from the United States Food and Drug Administration ("FDA") in connection with the FDA's inspection of STERIS's manufacturing facility in Mentor, Ohio. From
August 28 through September 15, 2000, the FDA conducted a follow-up inspection of this facility to assess STERIS's response to the concerns identified by the FDA in the warning letter. On October 5, 2000, the FDA issued a letter to the Company which
stated that the FDA's observations from this inspection "do not appear to warrant consideration of regulatory follow-up at this time." Based on the FDA's findings, the agency stated that it will endorse applicable pending premarket (PMA)
submissions or Export Certificates for products manufactured at the Mentor facility. The FDA subsequently reiterated that the Company has addressed the concerns identified in the warning letter, and therefore is no longer subject to warning letter
conditions. As is its practice, the Company will continue to cooperate with the FDA to ensure effective compliance with applicable FDA laws and regulations.





STERIS CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

For the Three and Six Months Ended

September 30, 2000 and 1999



8.Derivatives

In June 1998, the Financial Accounting Standards Board issued Statement No. 133, Accounting for Derivative Instruments and Hedging Activities, which is required to be adopted in fiscal years beginning after June
15, 2000. Management does not anticipate that the adoption of the new Statement will have a significant effect on earnings or the financial position of the Company.

9.Revenues

In December 1999, the SEC issued Staff Accounting Bulletin (SAB) No. 101 Revenue Recognition, which explains how the SEC staff believes existing revenue recognition rules should be applied. The
Company is currently studying the provisions of SAB No. 101 and the SEC interpretive guidance to determine if any change is required to ensure compliance with SAB No. 101.

10. Non-recurring Transactions

During the fourth quarter of fiscal 2000 the Company recorded a special charge of $39,722,000. This charge related to plans for manufacturing consolidations, productivity improvements in both manufacturing and support
functions, restructuring of the remanufactured equipment business, and associated workforce reductions in the manufacturing and support functions. The implementation of these actions has resulted in the elimination of over 150 positions. The total
termination benefits paid and charged against the restructure reserve amounted to approximately $5,800,000. The Company has also completed the closing of its sterility assurance production operations in North Carolina, which has been consolidated into a
dedicated facility in Mentor, Ohio. As of September 30, 2000, the Company has a remaining restructure reserve balance of approximately $4,409,000.





INDEPENDENT ACCOUNTANTS REVIEW REPORT

Board of Directors and Shareholders

STERIS Corporation

We have reviewed the accompanying consolidated balance sheet of STERIS Corporation and subsidiaries as of September 30, 2000, and the related consolidated statements of income and cash flows for the three and six months
ended September 30, 2000 and 1999. These financial statements are the responsibility of the Companys management.

We conducted our review in accordance with standards established by the American Institute of Certified Public Accountants. A review of interim financial information consists principally of applying analytical procedures to
financial data, and making inquiries of persons responsible for financial and accounting matters. It is substantially less in scope than an audit conducted in accordance with auditing standards generally accepted in the United States, which will be
performed for the full year with the objective of expressing an opinion regarding the financial statements taken as a whole. Accordingly, we do not express such an opinion.

Based upon our reviews, we are not aware of any material modifications that should be made to the accompanying consolidated financial statements referred to above for them to be in conformity with accounting principles
generally accepted in the United States.

We have previously audited, in accordance with auditing standards generally accepted in the United States, the consolidated balance sheet of STERIS Corporation and subsidiaries as of March 31, 2000 and the related
consolidated statements of income, shareholders equity and cash flows for the year then ended, not presented herein, and in our report dated April 20, 2000, except for Note E, as to which the date is June 19, 2000, we expressed an unqualified
opinion on those consolidated financial statements. In our opinion, the information set forth in the accompanying consolidated balance sheet as of March 31, 2000, is fairly stated, in all material respects, in relation to the consolidated balance sheet
from which it has been derived.

/s/ Ernst & Young LLP

Cleveland, Ohio

October 19, 2000



ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION

AND RESULTS OF OPERATIONS

Results of Operations

Net revenue decreased by 2.7% to $193,178,000 in the second quarter of fiscal 2001 from $198,602,000 in the second quarter of fiscal 2000. The decline in revenues was primarily attributable to lower levels of capital
equipment purchases by hospitals in the United States. Net revenue for the first six months increased by 0.4% to $376,991,000 from $375,415,000 in the comparable period last year. Health Care Group revenues in the second quarter decreased 6.1% to
$139,096,000 from $148,108,000 in the prior year period. Scientific and Industrial Group revenues increased 7.1% to $54,082,000 in the second quarter as compared to $50,494,000 in the prior year period. Health Care Group revenues in the first six months
of fiscal 2001 were $269,169,000 as compared to $279,263,000 for the prior year period, a decrease of 3.6%. Scientific and Industrial Group revenues were $107,822,000 in the first six months of fiscal 2001, an increase of 12.1% from $96,152,000 in the
first six months of fiscal 2000.

The costs of products and services sold for the 3 and 6 months ended September 30, 2000 increased to $108,043,000 and $213,647,000, respectively, from $108,001,000 and $202,802,000 for the comparable periods last year. The
cost of products and services sold as a percentage of net revenues was 55.9% and 56.7% for the 3 and 6 months ended September 30, 2000, respectively, as compared to 54.4% and 54.0% for the comparable periods last year. The increase in the cost of products
and services sold as a percentage of net revenues was primarily due to the Companys initiative to improve the efficiency and productivity of its manufacturing operations. As part of this efficiency improvement program, inventories were reduced by
$18,963,000 as compared to year-end March 31, 2000. This inventory decline led to higher plant overhead expense recognition of $6,470,000 for the 6 months ended September 30, 2000.

General and administrative expenses were $63,717,000 or 32.9% and $130,499,000 or 34.6% of net revenues for the 3 and 6 months ended September 30, 2000, respectively, as compared to $58,634,000 or 29.5% and $116,285,000 or
30.9% for the 3 and 6 months ended September 30, 1999, respectively. This increase reflects the Companys continued efforts to implement programs which are targeted at improving the sales and operating planning process, improving the efficiency and
productivity of its major manufacturing operations and investments in future growth opportunities such as sales and marketing activities and system upgrades.

Research and development expenses for the 3 months ended September 30, 2000 decreased by 4.1% to $5,479,000 in the second quarter of fiscal 2001 from $5,715,000 in the second quarter of fiscal 2000. Research and development
expenses decreased by 5.2% to $11,300,000 in the first 6 months of fiscal 2001 from $11,923,000 in the first 6 months of fiscal 2000.

Interest expense, net, increased by 70.1% to $5,191,000 in the second quarter of fiscal 2001 from $3,051,000 in the second quarter of fiscal 2000. Interest expense, net, increased by 53.9% to $9,462,000 in the first 6
months of fiscal 2001 from $6,148,000 in the first six months of fiscal 2000. The increase was primarily due to the effect of higher interest rates.

Net income, as a result of the foregoing factors, was $6,724,000 for the second quarter of fiscal 2001 as compared to $14,408,000 for the second quarter of fiscal 2000. Net income in the first 6 months of fiscal 2001 was
$7,552,000 as compared to $23,743,000 in the first 6 months of fiscal 2000.

Liquidity and Capital Resources

The Companys operating activities generated $36,345,000 of cash during the 6 months ended September 30, 2000, which was an increase of $11,764,000 over the comparable period last year. Decreases in accounts
receivable and inventory were the primary source of the year-over-year increase. Accounts receivable decreased $5,800,000 or 2.8% and inventory decreased $18,963,000 or 18.1% since the year ended March 31,
2000. The decrease in inventory was due to the enhancement of the sales and operating planning process, coupled with the Companys manufacturing initiatives described above. Major uses of working capital included accounts payable and accrued
expenses, which decreased in the aggregate by $16,551,000 or 10.7%.

Net cash used for investing activities was $26,205,000 for the 6 months ended September 30,2000 versus $39,783,000 in the comparable prior year period. The decrease was primarily due to the acquisition of businesses in
fiscal 2000.

Net cash used for financing activities was $14,855,000 for the 6 months ended September 30, 2000. Current year financing activities primarily represent the repayment of $13,000,000 to reduce the outstanding balance of the
Facility. Net cash provided by financing in the comparable prior year period primarily represented borrowings under the Companys prior credit facility and the payment of $28,712,000 for the purchase of treasury shares.

The Company has no material commitments for capital expenditures. The Company believes that its cash requirements will increase due to increased sales requiring more working capital, accelerated research and development,
and potential acquisitions or investments in complementary businesses. However, the Company believes that its available cash, cash flow from operations, and sources of credit will be adequate to satisfy its capital needs for the foreseeable future. The
Company has a $325,000,000 Facility available through June 2003. As of September 30, 2000, the Company has outstanding borrowings of $250,000,000 under its Facility at a weighted average interest rate of 7.6%.

Contingencies

For a discussion of contingencies, see Note 7 to the consolidated financial statements.

Seasonality

Historical data indicates that financial results were subject to recurring seasonal fluctuations. A number of factors have contributed to the seasonal patterns, including sales promotion and compensation programs, customer
buying patterns of capital equipment, and international business practices. Sales and profitability of certain of the acquired and consolidated product lines have historically been disproportionately weighted toward the latter part of each quarter and
generally weighted toward the latter part of each fiscal year.

Euro

On January 1, 1999, eleven of the fifteen member countries of the European Monetary Union (EMU) began a three-year transition phase during which a common currency called the Euro was adopted. The Euro trades on currency
exchanges and is available for non-cash transactions. During the transition period, parties may pay for goods and services using either the Euro or the participating country's legacy currency on a "no compulsion, no prohibition" basis. The conversion
rates between the existing legacy currencies and the Euro were fixed on January 1, 1999. The legacy currencies will remain legal tender for cash transactions between January 1, 1999, and January 1, 2002, at which time all legacy currencies will be
withdrawn from circulation and the new Euro denominated bills and coins will be used for cash transactions.

The Company has several operations within the eleven participating countries that are utilizing the Euro. Additionally, the Company's operations in other countries will be conducting business transactions with customers and
suppliers that will be denominated in the Euro. Euro denominated bank accounts have been established to accommodate Euro transactions.

The Company has established and implemented certain plans to review strategic and tactical areas arising from the Euro conversion. Initial efforts were focused on aspects of the Euro conversion that required adjustment or compliance by January 1, 1999, and for conducting Euro-denominated business. These aspects included transacting business in the Euro, the competitive impact on product pricing, and adjustments to billing systems to handle parallel
currencies. The Company has determined that these systems have the
capability to handle Euro transactions and is currently in a position to transact business in Euros. Continuing analysis and development efforts will help ensure that the implementation of the Euro meets the timetable and regulations established by the
EMU. Based on current estimates, the Company does not expect the costs incurred to address the Euro will have a material impact on its financial condition or results of operations.

Cautionary Statements Regarding Forward-Looking Statements

This Form 10-Q contains statements concerning certain trends and other forward-looking information affecting or relating to the Company and its industry that are intended to qualify for the protections afforded 
forward-looking statements under the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of forward-looking terms such as may, will, expects, 
believes, anticipates, plans, estimates, projects, targets, forecasts, or seeks or the negative of such terms or other variations on such terms or comparable
terminology. There are many important factors that could cause actual results to differ materially from those in the forward-looking statements. Many of these important factors are outside STERISs control. Changes in market conditions, including
competitive factors and changes in government regulations, could cause actual results to differ materially from the Companys expectations. No assurance can be provided as to any future financial results. Other potential risks and uncertainties that
could cause actual results to differ materially from those in the forward-looking statements include (a) the possibility that the continuing integration of acquired businesses will take longer than anticipated, (b) the potential for increased pressure on
pricing that leads to erosion of profit margins, (c) the possibility that market demand will not develop for new technologies, products, and applications, (d) the possibility that compliance with the regulations and certification requirements of domestic
and foreign authorities may delay or prevent new product introductions or affect the production and marketing of existing products, (e) the potential effects of fluctuations in foreign currencies where the Company does a sizable amount of business, (f)
the possibility that the Companys activities related to changes in its sales force will take longer or incur greater expense than anticipated, (g) the possibility that implementation of the Companys previously announced business improvement
initiatives will take longer than anticipated, and (h) the possibility of reduced demand, or reductions in the rate of growth in demand, for the Companys products and services.



ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

A discussion of market risk exposures is included in Part II, Item 7a, Quantitative and Qualitative Disclosure about Market Risk, of the Companys 2000 Annual Report and Form 10-K. There were no material
changes during the six months ended September 30, 2000.



PART II - OTHER INFORMATION

Item 1. Legal Proceedings

Reference is made to Part I, Item 1., Note 7 of this Report on Form 10-Q, which is incorporated herein by reference.

Item 6. Exhibits and Reports on Form 8-K

(a) Exhibits

|Exhibit Number | Exhibit Description                               
|-------------- | --------------------------------------------------
|               |                                                   
|15.1           | Letter RE: Unaudited Interim Financial Information
|               |                                                   
|27.1           | Financial Data Schedule                           

(b) Reports on Form 8-K: None



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 thereunto duly authorized.

| | STERIS Corporation       
| | -------------------------
| | (Registrant)             
| |                          
| | /s/ Laurie Brlas         
| |                          
| | Laurie Brlas             
| | Senior Vice President and
| | Chief Financial Officer  
| | November 09,2000