UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                WASHINGTON, D.C., 20549-1004
                          Form 10-K

(X) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE 
SECURITIES EXCHANGE ACT OF 1934 [FEE REQUIRED] 
For the fiscal year ended March 31, 1998.
                                 OR
( ) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE 
    SECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED].
For the transition period from                 to

                Commission file number       0-2413
                     MACDERMID, INCORPORATED
        (Exact name of Registrant as specified in its Charter)

           Connecticut                            06-0435750
  (State of incorporation)              (I.R.S. Employer I.D. No.)
245 Freight Street, Waterbury, Connecticut  06702-0671
 (Address of principal executive offices) 
Registrant's Telephone Number, including Area Code (203) 575-5700
Securities registered pursuant to Section 12(b) of the Act:  NONE

Securities registered pursuant to Section 12(g) of the Act:
     Title of Class   -   Common Stock Without Par Value

  Indicate by check mark if disclosure of delinquent filers pursuant to 
Item 405 of Regulation S-K is not contained herein, and will not be 
contained, to the best of registrant's knowledge, in definitive proxy or 
information statements incorporated by reference in Part III of this Form 
10-K or any amendment to this Form 10-K.  (  )

  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 the filing requirements for the past 90 days.        Yes (X)   No ( )
















<PAGE>


  The aggregate market value of the voting stock held by nonaffiliates of 
the Registrant as of May 31, 1998 (based on the closing price on such date 
as reported on Nasdaq Stock Market) was $1,032,318,000.

  The number of shares of Registrant's Common Stock outstanding as of May 
31, 1998 was 25,178,492 shares.

                DOCUMENTS INCORPORATED BY REFERENCE
  Portions of the Corporation's 1998 Annual Report to Shareholders are 
incorporated by reference into Parts I and II hereof and filed as Exhibit 
13 to this Report. The Proxy Statement mailed on or about June 22, 1998 to 
the Corporation's stockholders in connection with the annual meeting 
scheduled for July 22, 1998 are incorporated herein by reference into Part 
III hereof.











































<PAGE>
                                                           -3-

PART I

Item 1(a)  GENERAL DEVELOPMENT OF BUSINESS

Incorporated in Connecticut in 1922, MacDermid, Incorporated and its
subsidiaries (collectively, "MacDermid" or the "Corporation") develops, 
produces and markets a broad line of specialty chemical products which are 
used in the metal and plastic finishing, electronics and graphic arts 
industries.  MacDermid offers a line of horizontal processing equipment 
used in the production of printed circuit boards and in chemical 
machining, through its wholly-owned subsidiary, MacDermid Equipment, Inc.
MacDermid also markets chemical supplies and equipment produced by others.

In December 1995, MacDermid acquired the assets, subject to certain 
liabilities of the Electronics and Printing Division of Hercules 
Incorporated, forming a new wholly-owned subsidiary, MacDermid Imaging 
Technology, Inc., for that purpose.  Effective January 1, 1998, the 
subsidiary was disolved and all accounts of the business were merged 
in with MacDermid, Incorporated.  The acquired business consists 
principally of the manufacture and sale of proprietary products 
including photoresists, used to imprint electrical patterns on circuit 
boards, and photopolymer printing, which reproduces quality graphics 
on package printing and in-store displays.  The acquisition, accounted 
for as a purchase transaction, was financed, at closing, through bank 
borrowings and the issuance of preferred stock.  On May 28, 1997 all 
the preferred stock was redeemed by utilizing a portion of a revolving 
credit facility.

The Corporation's common shares had traded on the NASDAQ stock market 
since 1966.  The Corporation's original listing application to the 
New York Stock Exchange was accepted on February 26, 1998 and since 
that date its common shares now trade on the N.Y.S.E.

On February 6, 1998 the Corporation's Board of Directors authorized a 
three for one stock split.  The shares were distributed on April 1, 1998 
to common shareholders of record at the close of business on 
March 16, 1998.  In the previous fiscal year, on October 21, 1996, 
the Board of Directors authorized a three for one stock split, as 
well.  The shares were distributed on November 15, 1996 to common 
shareholders of record at the close of business on November 1, 1996.

For a description of the Corporation's business, see Item 1(c) on the 
following page.

Item 1(b)  FINANCIAL INFORMATION ABOUT INDUSTRY SEGMENTS

MacDermid has one primary industry segment which is the manufacture 
and sale of specialty chemicals used in finishing metals and 
non metallic surfaces, printing and in the marketing of supplies and 
equipment related to the use of these chemicals.







<PAGE>
                                                            -4-
Item 1(c) of this Report provides information concerning MacDermid's 
classes of products and Item 1(d) of this report includes financial 
information concerning operations by geographic area and on a 
consolidated basis.  Additional information with respect to the one 
primary business is shown in the portions of MacDermid's 1998 Annual 
Report to Shareholders, included as Exhibit 13 to this Form 10-K, and 
is incorporated by reference.

Item 1(c)  NARRATIVE DESCRIPTION OF BUSINESS

(i)  MacDermid produces and markets over 1,000 proprietary chemical 
compounds.  The proprietary chemical compounds are used for the 
following purposes: cleaning, activating and polishing, mechanical 
plating, mechanical galvanizing, electro-plating and phosphatizing 
metal surfaces, stripping of metal and final coating of metal 
surfaces, filtering, anti-tarnishing and rust retarding and etching,
imaging, deposition of metal and other chemical processes.  Research 
in connection with proprietary products is conducted principally in 
the United States, with additional research facilities in Japan.

In North America, MacDermid markets its entire line of products in 
the United States through more than 130 sales and service personnel 
employed by it and, in certain areas of the United States, through 
distributors and manufacturing representatives.  The Corporation 
maintains chemical inventories at more than 20 distribution points 
throughout the United States which typically are leased or rented.  
In Vermont a wholly owned subsidiary manufactures and markets 
equipment in support of the proprietary chemical business.  In 
Canada the Corporation both manufactures and markets certain 
of its products through MacDermid Chemicals, Inc.

In Europe, the Corporation markets its proprietary products 
through wholly owned subsidiaries.  European sales are made from 
inventory stock through more than 50 sales and service 
representatives who are employed by the Corporation's subsidiaries 
located in France, Germany, Great Britain, Italy, Holland, 
Spain and Switzerland.  MacDermid owns and operates subsidiary 
manufacturing facilities in Spain and Great Britain.

In the Asia/Pacific area, the Corporation markets its proprietary 
products through wholly owned subsidiaries in Australia, Hong Kong, 
China, Japan, Korea, New Zealand, Singapore, and Taiwan, and sales 
are made through more than 50 sales and service representatives 
who are employed by local subsidiaries.  In addition, sales are 
made in India, Thailand, Malaysia and The Philippines directly 
or through distributors.  MacDermid owns and operates subsidiary 
manufacturing facilities in Taiwan, Australia and New Zealand.

In certain other foreign markets, MacDermid manufactures and sells 
certain of its proprietary chemicals and conducts research through 
wholly or majority owned subsidiaries.  In certain countries in 
South America, Europe and Asia, MacDermid products are sold 
through distributors or manufactured and sold through licensees.  




<PAGE>
                                                         -5-
Chemicals, supplies and equipment manufactured by others and resold 
by MacDermid consist of basic chemicals, automatic plating 
conveyors, barrel plating and pollution control equipment, 
rectifiers, pumps and filters.  Resale items are marketed primarily 
in conjunction with and as an aid to the sale of proprietary chemicals.


MacDermid's principal products fall into the three following classes:

(A)  Chemical compounds produced by MacDermid, most of which are the 
     result of the Corporation's own research and development and, 
     therefore, are referred to as proprietary products;

(B)  Resale chemicals and supplies; and

(C)  Equipment, of which more than 66% is manufactured by the Corporation.

The following table sets forth the classes of MacDermid's products and 
the respective percentage of total consolidated revenue for each of the 
last three fiscal years:

Class of Products          1998               1997             1996
Proprietary Chemicals       88%                88%               88%

Resale Chemicals 
and Supplies                 5%                 6%                6%
Equipment                    7%                 6%                6%

(ii) MacDermid made a public announcement of the commercialization of an 
     important new process technology, ViaTek.  A press release, dated 
     May 18, 1998, is incorporated by reference.

(Iii) MacDermid uses in excess of 700 chemicals as raw materials in the 
     manufacture of its proprietary products.  With few exceptions, 
     several domestic sources of supply are available for all such raw 
     materials and for resale chemicals, supplies and equipment.  
     During fiscal 1998, there were no significant difficulties in 
     obtaining raw materials essential to its business.

(Iv) During fiscal 1998, approximately 20% of MacDermid's proprietary 
     sales were derived from products covered by patents owned by the 
     Corporation or produced under patent license agreements.  MacDermid 
     owns more than 70 unexpired U.S. Patents, for which corresponding 
     patents have been obtained or are pending in most industrialized 
     nations, and has more than 20 patent applications pending in the 
     U.S.  The patents owned by Registrant are important to its 
     business and have varying remaining lives.









<PAGE>
                                                          -6-
Although certain of MacDermid's patents are increasingly more important to 
its business, it believes that its ability to provide technical and testing 
services to its customers and to meet the rapid delivery requirements of its 
customers is equally, if not more, important.  In addition, MacDermid has many 
proprietary products which are not covered by patents and which make a large 
contribution to its total sales.  Further, the Corporation owns a number of 
domestic and foreign trade names and trademarks which it considers to be of 
value in identifying MacDermid and its products.  MacDermid neither holds nor 
has granted any franchises or concessions.


(v)    No material portion of MacDermid's business is seasonal.

(Vi)   It is necessary to maintain finished goods inventory at locations 
       throughout the United States and in the foreign countries in which 
       the Corporation operates so that it may meet the rapid delivery 
       requirements of its customers.  This impacts working capital 
       requirements by requiring a considerable investment in 
       inventories to service its customers.  Customer payment terms, 
       which vary by country, are generally in accord with local industry 
       practice.

(Vii)  No major portion of MacDermid's business is dependent upon a 
       single customer or a few customers, the loss of whom would have 
       a materially adverse effect on its business.

(Viii) Since products are taken from inventory stock to ship against 
       current orders, there is essentially no backlog of orders for 
       MacDermid's proprietary chemical products.  MacDermid does not 
       consider the absence of a backlog to be significant.

(Ix)   No material portion of MacDermid's business is subject to 
       renegotiation of profits or termination of contracts or 
       subcontracts at the election of the Government.

(X)    The Corporation provides a broad line of proprietary chemical 
       compounds and supporting services.  MacDermid has many 
       competitors, estimated to be in excess of 100 in some 
       proprietary product areas.  Some large competitors operate 
       globally, as does MacDermid, but most operate locally or
       regionally.  To the best of the Corporation's knowledge no 
       single competitor competes with all its proprietary products.
       MacDermid maintains extensive supporting technical and testing 
       services for its customers, and is continuously developing new 
       products.  Management believes that the Corporation's combined 
       abilities to manufacture, sell, service and develop new products 
       and applications enables it to compete successfully both locally 
       and world-wide.









<PAGE>
                                                             -7-

(Xi)   MacDermid spent approximately $12,028,000, $10,850,000 and $10,042,000 
       during fiscal years 1998, 1997 and 1996, respectively, on research and 
       development activities.  Substantially all research and development 
       activities were sponsored by the Corporation, the greater percentage of 
       which related to the development of new products.

(Xii)  For many years, MacDermid has developed proprietary products designed 
       to reduce the discharge of pollutant materials into the environment and 
       eliminate the use  of certain targeted raw materials while enhancing 
       the efficiency of customer chemical processes.  For this reason, 
       efforts to comply with Federal, State and local provisions, which have 
       been enacted or adopted regulating the discharge of materials into the 
       environment, may have had a positive effect upon the Corporation's 
       competitive position.  Capital expenditures of approximately $8.3 
       million were made in fiscal 1998 and an estimated $1 million will be 
       spent for environmental control facilities in fiscal 1999.  Though 
       difficult to predict, future spending for this purpose is likely to 
       average more than 10% of the capital budget.


(Xiii) MacDermid employed 1,179 and 1,086 full time, regular employees as of 
       March 31, 1998 and 1997, respectively.

Item 1(d)  FOREIGN AND DOMESTIC OPERATIONS

MacDermid's 1998 Annual Report to Shareholders, included as Exhibit 13 to this 
Form 10-K and incorporated by reference, provides information with respect to 
the Corporation's geographic segments including operating information and the 
effect upon shareholder's equity of the translation of foreign currency 
financial statements.

Item 2  PROPERTIES

In the United States, MacDermid owns the following properties:

In Waterbury, Connecticut, a 51,700 square foot building, principally used for 
executive offices, marketing and corporate support, and a 62,000 square foot 
research and customer service  facility, both of which are located on a 5.8 
acre tract.  In addition, a 180,000 square foot wood brick and concrete 
building complex is principally used for manufacturing and warehousing but 
also includes some offices and laboratories.  The complex is located on a 7.2 
acre tract.  Directly across a street from this property, a 31 acre tract of 
land is held for possible future development.

In Middletown, Delaware, a concrete and steel building of 85,520 square feet 
consisting of factory, laboratory, warehouse and office facilities located on 
a 10.97 acre tract.










<PAGE>
                                                      -8-

In Wilmington, Delaware, a concrete and steel building of 26,000 square feet 
used principally as a technical and administrative services center located on 
a 3.8 acre tract.  Also on this site is an 18,000 square foot concrete and 
steel building which may be used for manufacturing expansion.

In Ferndale, Michigan, a steel frame and steel sided building of 75,000 square 
feet consisting principally of factory, warehouse and office facilities, 
located on a 6.25 acre tract.

In New Hudson, Michigan, a steel and brick single story building of 15,000 
square feet consisting of research laboratories and offices located on a 7 
acre tract.

The Corporation also owns property in Vernon, Connecticut, which is being 
held for sale or lease but which could be used for manufacturing 
should the need arise.


Outside the United States, the Corporation owns additional properties as 
follows:

At Barcelona, Spain, a steel and brick building of 31,000 square feet of 
factory, warehouse, laboratory and office space.

At Telford, England, two brick, concrete and steel buildings, connected by a 
walkway, containing a total of 43,000 square feet of manufacturing
warehouse, laboratory and office space.

At Hsin Chu, Taiwan, Republic of China, two buildings of reinforced 
concrete totaling 30,000 square feet, located on a 1.8 acre tract, 
used for factory, warehouse and offices.

At Hong Kong, 30,000 square feet of office, laboratory and warehouse 
space in a concrete block building.

In addition, MacDermid leases office, laboratory, warehouse and 
manufacturing facilities as needed.  During the year, such additional 
facilities were leased in Vermont, Canada, Holland, Germany, Korea, 
Australia, Japan, Singapore, China and several other foreign countries.  

All owned and leased facilities are in good condition and are of adequate 
size for present business volume.

Item 3  Legal Proceedings

Legal proceedings are contained in MacDermid's 1998 Annual Report to 
Shareholders included as Exhibit 13 to this form 10K and incorporated by 
reference.







<PAGE>
                                                            -9-

Item 4  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

During the third quarter of fiscal 1998 there was a special shareholders 
meeting, held on December 1, 1997, at which the Corporation's security 
holders voted to ammend MacDermid's Restated Certificate of Incorporation 
which is included as exhibit 3.1 to this form 10K and incorporated by 
reference.
















































<PAGE>
                                                         -10-
Item 4A  EXECUTIVE OFFICERS OF MACDERMID

The following is a list of the names, offices and ages (as of March 31, 1998) 
of all the executive officers of MacDermid, each of whom has been employed in 
his respective office(s) for more than five years, except as noted:

Name                         Age   Office with Registrant

Harold Leever                83    Chairman since 1977

Daniel H. Leever             49    President and Chief Executive Officer 
                                   since 1990.

Arthur J. LoVetere, Jr. (1)  34    Vice President and Chief Financial Officer
                                   since December 1995.  Previously, was
                                   Director of European Operations since 1993.

Gregory M. Bolingbroke       48    Corporate Controller since April 1995. 
                                   Previously, was Cost Accounting Manager
                                   since 1993.  

John L. Cordani              35    Corporate Secretary since April 1995. 
                                   Previously, was General Counsel since May
                                   1993.  Prior to that and since 1992, he was
                                   Manager of Patents and Trademarks.

David A. Erdman              55    Vice President since November 1993. 
                                   Previously, and since 1988, was Director of
                                   Quality of the Electronics Group of 
                                   E.I. Dupont de Nemours, Inc.

Patricia I. Janssen          47    Vice President/Electronics and Printing
                                   since December 1995.  Previously, and since
                                   1978 she was with Hercules Incorporated,
                                   serving as general manager of the 
                                   E&P Division since 1992.

Peter E. Kukanskis           51    Vice President/Technical since 1986

Gary B. Larson               58    Vice President/Research since 1981

Michael A. Pfaff             54    Vice President/Industrial Products since 
                                   1984

Sharon J. Stone (2)          48    Assistant Treasurer since February 1995.   
                                   Previously, she was for more than five
                                   years, and continues to be, Manager of
                                   General Accounting

Notes:    
(1) Mr. LoVetere became President, ViaTek effective April 1, 1998. 
(2) Ms. Stone retired effective April 1, 1998.






<PAGE>
                                                        -11-

                                  PART II
Item 5  MARKET FOR MACDERMID'S COMMON STOCK AND RELATED SECURITY HOLDER 
MATTERS 

Information with respect to the market for MacDermid's Common Stock, 
dividends paid and other related information is contained in its 1998 
Annual Report to Shareholders included as Exhibit 13 to this form 10-K 
and incorporated by reference.

Item 6  SELECTED FINANCIAL DATA

The selected financial data (Five-Year Summary) is contained in MacDermid's 
1998 Annual Report to Shareholders included as Exhibit 13 to this form 10-K 
and incorporated by reference.

Item 7  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND 
RESULTS OF OPERATIONS

Management's Discussion and Analysis of Financial Condition and Results of 
Operations is contained in MacDermid's 1998 Annual Report to Shareholders 
included as Exhibit 13 to this form 10-K and incorporated by reference.

Item 8  FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

The consolidated financial statements, including the notes thereto, of the 
Corporation are contained in MacDermid's 1998 Annual Report to Shareholders 
included as Exhibit 13 to this form 10-K and incorporated by reference.  
Additional financial information is contained in the Financial Data Schedule 
appearing as Exhibit 27 to this report.

Item 9  DISAGREEMENTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

None.

                                   PART III

Item 10  DIRECTORS AND OFFICERS

The discussion of "Election of Directors" and a portion of the discussion in 
the section, "Interest of Management and Others in Certain Transactions and 
Family Relationships" contained in MacDermid's Proxy Statement dated June 22, 
1998 are incorporated herein by reference thereto.  Officers of the 
Corporation are listed in Item 4A, above.

Item 11  EXECUTIVE COMPENSATION

The discussion of "Executive Compensation" contained in MacDermid's Proxy 
Statement dated June 22, 1998 is incorporated herein by reference thereto.







<PAGE>
                                                           -12-

Item 12  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

Information with respect to the security ownership of certain beneficial 
owners and management contained in MacDermid's Proxy Statement dated June 22, 
1998 is incorporated herein by reference thereto.

Item 13  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS AND FAMILY 
         RELATIONSHIPS

The discussion of "Interest of Management and Others in Certain Transactions 
and Family Relationships" contained in MacDermid's Proxy Statement dated June 
22, 1998 is incorporated herein by reference thereto.

                                PART IV

Item 14  EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND REPORTS ON FORM 8-K

      (a)     (1)   Financial Statements

The consolidated financial statements and report thereon of KPMG Peat Marwick 
LLP, dated May 14, 1998 are contained in MacDermid's 1998 Annual Report to 
Shareholders included as Exhibit 13 to this form 10-K and incorporated herein 
by reference.  Additional financial information is contained in the Financial 
Data Schedule included as Exhibit 27 to this report.

              (2)   Financial Statement Schedules

The following supplementary financial data should be read in conjunction with 
the consolidated financial statements and comments thereto referred to above.  
Schedules not included with this supplementary financial data have been 
omitted because they are not applicable, are immaterial or the required 
information is included in the consolidated financial statements or related 
notes to consolidated financial statements.

Schedule II - Valuation and Qualifying Accounts and Reserves
              Auditors' Report on Supporting Schedule 

              (3)   Exhibits

An index to the exhibits filed or incorporated by reference immediately 
precedes such exhibits.


(c)   Reports on Form 8-K

The Corporation filed a report on Form 8-K, dated January 15,1998, during
the fourth quarter of fiscal 1998.  This report relates to a three for one
stock split on February 6, 1998 and the third quarter earnings announcement
and is incorporated by reference.

              (d)   Schedules

The schedules listed above are filed as part of this Annual Report on
Form 10-K.



<PAGE>
                                                             -13-

                                   SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange 
Act of 1934, the Registrant has duly caused this Annual Report on Form 10-K to 
be signed on its behalf by the undersigned, thereunto duly authorized.

                                MACDERMID, INCORPORATED
                                     (Registrant)
                                Dated:  June 22, 1998

By   /s/ Harold Leever                       By   /s/ Daniel H. Leever
     Harold Leever                                Daniel H. Leever
     Director, Chairman                           Director, President and
                                                  Chief Executive Officer

By   /s/ Arthur J. LoVetere, Jr              By   /s/ Gregory M. Bolingbroke
     Arthur J. LoVetere, Jr.                      Gregory M. Bolingbroke
     Vice President and                           Controller and Principal
     Chief Financial Officer                      Accounting Officer

Harold Leever, pursuant to powers of attorney which are being filed with this 
Annual Report on Form 10-K, has signed below on June 22, 1998 as attorney-in-
fact for the following directors of the Registrant:

Donald G. Ogilvie             Thomas W. Smith            James C. Smith

                              /s/ Harold Leever 
                              Harold Leever




























<PAGE>
                                                   -14-

                          SCHEDULE II
<TABLE>
                 MACDERMID, INCORPORATED AND SUBSIDIARIES
              Valuation and Qualifying Accounts and Reserves
                 Years ended March 31, 1998, 1997 and 1996

<CAPTION>

                Balance at       Additions                     Balance
                beginning        charged to     Deductions     at end
Description     of period        earnings                      of period
<S>             <C>              <C>            <C>            <C>      

                                   1998
Allowance for
  doubtful
  receivables   $3,379,000       $  817,000     $598,000       $3,598,000
                ==========       ==========     ========       ==========

                                   1997
Allowance for
  doubtful
  receivables   $4,829,000       $   547,000    $ 1,997,000    $3,379,000
                ==========       ===========    ===========    ==========

                                   1996

Allowance for
  doubtful
  receivables   $2,859,000       $ 1,793,000    $ (177,000)    $4,829,000
                ==========       ===========    ===========    ==========





Bad debts charged off less recoveries and translation adjustments.



</TABLE>

















<PAGE>
                                                       -15-

                               REPORT OF INDEPENDENT AUDITORS
 
KPMG Peat Marwick LLP  (Logo)
Certified Public Accountants

CityPlace II
Hartford, CT 06103-4103



                              REPORT OF INDEPENDENT AUDITORS

The Board of Directors
MacDermid, Incorporated:

Under date of May 14, 1998, we reported on the consolidated balance sheets
of MacDermid, Incorporated and subsidiaries as of March 31, 1998 and 1997,
and the related consolidated statements of earnings and cash flows for each
of the years in the three-year period ended March 31, 1998, as contained in
the 1998 annual report to shareholders.  These consolidated financial 
statements and our report thereon are incorporated by reference in the 
annual report on Form 10-K for the year 1998.  In connection with our 
audits of the aforementioned consolidated financial statements, we also 
audited the related financial statement schedule as listed in the 
accompanying index under Item 14(a)(2).  This financial statement schedule 
is the responsibility of the Company's management.  Our responsibility is 
to express an opinion on this financial statement schedule based on 
our audits.

In our opinion, such schedule, when considered in relation to the basic 
consolidated financial statements taken as a whole, presents fairly, in 
all material respects, the information set forth therein.

                                KPMG Peat Marwick LLP
May 14, 1998






















<PAGE>
                                                     -16-

                                     EXHIBIT INDEX

                              1998 FORM 10-K ANNUAL REPORT
Exhibit 
No.
3.1    Restated Certificate of Incorporation, MacDermid, 
       Incorporated,amended as of December 1, 1997.           By reference
       Exhibit 19 to September 30, 1991 Form 10-Q 
       Quarterly Report is incorporated by reference herein.
3.2    By-Laws, amended as of November, 1984. Exhibit 3b to 1985
       Form 10-K Annual Report is incorporated by reference 
       herein.                                                By reference

4.1    Credit Agreement, amended and restated, dated as of 
       April 15, 1998, among MacDermid, Incorporated, the 
       Banks signatory thereto and Chase Manhattan Bank, 
       N.A., as Agent, is incorporated by reference herein.   By reference

10.1   MacDermid, Incorporated Special Stock Purchase Plan, 
       amended as of November 1, 1992.  Exhibit 10 to 
       1993 Form 10-K Annual Report is incorporated by 
       reference herein.                                      By reference

10.2   MacDermid, Incorporated 1995 Equity Incentive Plan 
       Exhibit 10.2 to 1995 Form 10-K Annual Report is 
       Incorporated by reference herein.                      By reference

13     Portions of MacDermid's 1998 Annual Report 
       to Stockholders as required by Item 8                  Attached

21     Subsidiaries of MacDermid, Incorporated                Attached

23     Independent Auditors' Consent                          Attached 

24     Power of Attorney                                      Attached

27     Financial Data Schedule                                Attached