IEH CORPORATION
                                 140 58th Street
                                Bldg. B, Suite 8E
                            Brooklyn, New York 11220

                                 PROXY STATEMENT
                        Pursuant to Section 14(a) of the
                         Securities Exchange Act of 1934

Filed by the registrant [X]
Filed by a party other than the registrant [_]
Check the appropriate box:

         [_]      Preliminary Proxy Statement
         [X]      Definitive Proxy Statement
         [_]      Definitive Additional Materials
         [_]      Soliciting Material pursuant to Rule 14a-11(c) or Rule 14a-12

                                 IEH CORPORATION
--------------------------------------------------------------------------------
                (Name of the Corporation as Specified in Charter)

                             ROBERT KNOTH, SECRETARY
--------------------------------------------------------------------------------
                   (Name of Person(s) Filing Proxy Statement)

Payment of Filing Fee (check the appropriate box)

         [X]      No fee required
         [_]      Fee computed on table below per Exchange Act Rule 14c-5(g) and
                  0-11

(1)      Title of each class of securities to which transaction applies:
         N/A
--------------------------------------------------------------------------------
(2)      Aggregate number of securities to which transaction applies:
         N/A
--------------------------------------------------------------------------------
(3)      Per unit price or other underlying value of transaction computed
         pursuant to Exchange Act Rule 0-11:
         N/A
--------------------------------------------------------------------------------
(4)      Proposed maximum aggregate value of transaction:
         N/A
--------------------------------------------------------------------------------
(5)      Total Fee Paid:
--------------------------------------------------------------------------------
[_]      Fee paid previously with preliminary materials:
--------------------------------------------------------------------------------
[_]      Check box if any part of the fee is offset as provided by Exchange Act
Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid
previously. Identify the previous filing by registration statement number, or
form or schedule and the date of filing.

(1)      Amount previously paid:

--------------------------------------------------------------------------------
(2)      Form schedule or registration number:

--------------------------------------------------------------------------------
(3)      Filing party:

--------------------------------------------------------------------------------
(4)      Dated filed:

--------------------------------------------------------------------------------
<page>

                                 IEH CORPORATION
                                 140 58th Street
                                Bldg. B, Suite 8E
                            Brooklyn, New York 11220

                    NOTICE OF ANNUAL MEETING OF SHAREHOLDERS
                        To Be Held on September 28, 2007

To the Shareholders of
                                IEH CORPORATION:

         NOTICE IS HEREBY GIVEN that the Annual Meeting of  Shareholders  of IEH
CORPORATION  (the "Company")  will be held at the Company's  offices at 140 58th
Street,  Bldg.  B, Suite 8E,  Brooklyn,  New York 11220 on September 28, 2007 at
9:00 a.m., New York time, for the following purposes:

         1.       To elect one (1)  Director to IEH's Board of Directors to hold
                  office  for a period of two years or until  his  successor  is
                  duly elected and qualified;

         2.       To transact  such other  business as may properly  come before
                  the Annual Meeting or any adjournment thereof.

         The close of  business  on August 28, 2007 has been fixed as the record
date for the  determination  of shareholders  entitled to notice of, and to vote
at, the Annual Meeting and any adjournment thereof.

         You are cordially invited to attend the Annual Meeting.  Whether or not
you plan to attend,  please complete,  date and sign the accompanying  proxy and
return it  promptly  in the  enclosed  envelope  to assure  that your shares are
represented at the Annual  Meeting.  If you do attend,  you may revoke any prior
proxy and vote your  shares in person if you wish to do so. Any prior proxy will
automatically be revoked if you execute the accompanying  proxy or if you notify
the Secretary of IEH  Corporation,  in writing,  prior to the Annual  Meeting of
Shareholders.

                                              By Order of the Board of Directors

                                              Robert Knoth,
                                              Secretary

Dated: August 31, 2007

         WHETHER OR NOT YOU EXPECT TO ATTEND THE MEETING,  PLEASE COMPLETE, DATE
AND SIGN THE  ENCLOSED  PROXY AND MAIL IT PROMPTLY IN THE  ENCLOSED  ENVELOPE IN
ORDER TO ASSURE  REPRESENTATION  OF YOUR  SHARES.  NO POSTAGE NEED BE AFFIXED IF
MAILED IN THE UNITED STATES.

<page>

                                 IEH CORPORATION
                                 140 58th Street
                              Building B, Suite 8E
                            Brooklyn, New York 11220

                     PROXY STATEMENT FOR THE IEH CORPORATION
                         ANNUAL MEETING OF SHAREHOLDERS
                        TO BE HELD ON SEPTEMBER 28, 2007

                QUESTIONS AND ANSWERS ABOUT THESE PROXY MATERIALS

Why am I receiving this proxy statement?

         This  proxy  statement  describes  the  proposal  on which our board of
directors  of IEH  Corporation  ("IEH" or the  "Company")  would like you,  as a
shareholder,  to vote at the Annual Meeting of the  Shareholders of the Company,
which  will take  place on  September  28,  2007 at 9:00 a.m.  at the  Company's
offices.  It also gives you information on this proposal so that you can make an
informed decision. We intend to mail this proxy statement and accompanying proxy
card on or about August 31, 2007 to all  shareholders of record entitled to vote
at the Annual Meeting.

         In this proxy  statement,  we refer to IEH  Corporation  as "IEH",  the
"Company", "we", "us" or "our."

Who can vote at the Annual Meeting of Shareholders?

         Shareholders  who owned  shares of common  stock on August 28, 2007 may
attend and vote at the Annual Meeting. Each share is entitled to one vote. There
were 2,303,468  shares of the Company's  common stock  outstanding on August 28,
2007.  All  shares  of common  stock  shall  vote  together  as a single  class.
Information about the  shareholdings of our directors and executive  officers is
contained in the section of this proxy statement entitled "Voting Securities and
Security  Ownership of Certain  Beneficial  Owners and  Management" on page 9 of
this proxy statement.

What is the proxy card?

         The proxy card enables you to appoint  Robert  Knoth,  Secretary of the
Company, and Michael Offerman,  Chief Executive Officer, as your representatives
at the Annual  Meeting.  By completing  and  returning  the proxy card,  you are
authorizing  these  persons  to  vote  your  shares  at the  Annual  Meeting  in
accordance with your  instructions on the proxy card. This way, your shares will
be voted  whether  or not you attend  the  Annual  Meeting.  Even if you plan to
attend the Annual  Meeting,  it is a good idea to complete and return your proxy
card  before  the  Annual  Meeting  date just in case your  plans  change.  If a
proposal  comes up for vote at the Annual Meeting that is not on the proxy card,
the proxies  will vote your  shares,  under your proxy,  according to their best
judgment.

                                       2
<page>

What am I voting on?

         At the Annual  Meeting you are being  asked to vote on the  election of
Allen Gottlieb to the Board of Directors of IEH Corporation.

         Although we are unaware of any possible business to be addressed at the
Annual  Meeting,  we will also transact any other  business that properly  comes
before the Annual Meeting.

How does the Board of Directors recommend that I vote?

         Our Board of Directors unanimously recommends that the nominated person
be re-elected to the Board of Directors of IEH Corporation as a Class II member.

What is the difference  between holding shares as a shareholder of record and as
a beneficial owner?

         Most of our shareholders  hold their shares  beneficially in an account
at a brokerage  firm,  bank or other nominee  holder,  rather than holding share
certificates in their own name. As summarized below, there are some distinctions
between shares held record and those owned beneficially.

Shareholder of Record

         If on August 28,  2007,  your shares were  registered  directly in your
name  with  our  transfer  agent,  Registrar  and  Transfer  Company,  you are a
shareholder  of record who may vote at the Annual  Meeting,  and we are  sending
these proxy materials  directly to you. As the  shareholder of record,  you have
the right to direct the voting of your shares by returning  the  enclosed  proxy
card to us or to vote in person at the Annual  Meeting.  Whether or not you plan
to attend the Annual Meeting,  please complete, date and sign the enclosed proxy
card to ensure that your vote is counted.

Beneficial Owner

         If on  August  28,  2007,  your  shares  are  held in an  account  at a
brokerage  firm or at a bank or other nominee  holder,  you are  considered  the
beneficial  owner of shares held "in street name," and these proxy materials are
being  forwarded  to you by  your  broker  or  nominee  who  is  considered  the
shareholder  of record  for  purposes  of voting at the Annual  Meeting.  As the
beneficial  owner,  you have the right to direct your broker on how to vote your
shares  and to  attend  the  Annual  Meeting.  However,  since  you  are not the
shareholder  of record,  you may not vote  these  shares in person at the Annual
Meeting unless you receive a valid proxy from your brokerage firm, bank or other
nominee holder. To obtain a valid proxy, you must make a special request of your
brokerage firm,  bank or other nominee holder.  If you do not make this request,
you can still vote by using the voting instruction card enclosed with this proxy
statement;  however,  you  will  not be able to vote  in  person  at the  Annual
Meeting.

How do I vote?

                                       3
<page>

         (1)      You may vote by mail.

         You may vote by mail by completing,  signing and dating your proxy card
and returning it in the enclosed,  postage-paid and addressed  envelope.  If you
mark your voting instructions on the proxy card, your shares will be voted:

         o        as you instruct, and

         o        according to the best  judgment of Messrs.  Offerman and Knoth
                  if a proposal  comes up for a vote at the Annual  Meeting that
                  is not on the proxy card.

         If you return a signed card,  but do not provide  voting  instructions,
your shares will be voted:

         o        to  approve  the  election  of  the  nominated  person  to the
                  Company's Board of Directors, and

         o        according to the best  judgment of Messrs.  Offerman and Knoth
                  if a proposal  comes up for a vote at the Annual  Meeting that
                  is not on the proxy card.

         (2)      You may vote in person at the Annual Meeting.

         We will pass out  written  ballots  to anyone  who wants to vote at the
Annual Meeting.  However, if you hold your shares in street name, you must bring
to the Annual  Meeting a valid  proxy  from the  broker,  bank or other  nominee
holding your shares that  confirms your  beneficial  ownership of the shares and
gives you the right to vote your shares. Holding shares in street name means you
hold them through a brokerage  firm,  bank or other  nominee,  and therefore the
shares are not held in your  individual  name.  We encourage you to examine your
proxy  card  closely  to make  sure you are  voting  all of your  shares  in the
Company.

What does it mean if I receive more than one proxy card?

         You may have  multiple  accounts  at the  transfer  agent  and/or  with
stockbrokers.  Please sign and return all proxy cards to ensure that all of your
shares are voted.

What if I change my mind after I return my proxy?

         You may revoke  your proxy and change  your vote at any time before the
polls close at the Annual Meeting. You may do this by:

         o        sending a written notice to the Secretary of the Company,  Mr.
                  Robert Knoth, stating that you would like to revoke your proxy
                  of a particular date,

         o        signing  another proxy card with a later date and returning it
                  before the polls close at the Annual Meeting, or attending the
                  Annual Meeting and voting in person.

                                       4
<page>

         Please  note,  however,  that if your  shares  are held of  record by a
brokerage  firm, bank or other nominee,  you must instruct your broker,  bank or
other nominee that you wish to change your vote by following  the  procedures on
the voting form provided to you by the broker,  bank or other  nominee.  If your
shares are held in street  name,  and you wish to attend the Annual  Meeting and
vote at the Annual  Meeting,  you must bring to the Annual Meeting a legal proxy
from the broker,  bank or other  nominee  holding your shares,  confirming  your
beneficial ownership of the shares and giving you the right to vote your shares.

Will my shares be voted if I do not sign and return my proxy card?

         If your  shares are held in street  name or in your name and you do not
sign and return your proxy card,  your shares will not be voted  unless you vote
in person at the Annual Meeting.

How are votes counted?

         You may vote "For" or "Withhold  Authority"  on  re-electing  the Board
Member.

How many shareholders are needed either in person or by proxy to hold the Annual
Meeting?

         To hold the Annual  Meeting  and  conduct  business,  a majority of the
Company's  outstanding  shares of common  stock  entitled to vote,  in person or
represented by proxy,  must be present at the Annual  Meeting.  This is called a
quorum.

         Shares are counted as present at the Annual Meeting if the  shareholder
either:

         o        is present and votes in person at the Annual Meeting, or

         o        has properly submitted a proxy card.

How many votes are  required to re-elect  the  nominated  person to the Board of
Directors?

         The  affirmative  vote of a  plurality  of the votes cast at the Annual
Meeting of the shareholders by the holders of shares of common stock entitled to
vote in the election is required to elect each director.

How many votes are  required to approve  other  matters that may come before the
shareholders at the Annual Meeting?

         An  affirmative  vote of a  majority  of the votes  cast at the  Annual
Meeting is required  for  approval of all other  items  being  submitted  to the
shareholders for their consideration.

What happens if I don't indicate how to vote my proxy?

                                       5
<page>

         If  you  just  sign  your  proxy   card   without   providing   further
instructions,  your shares  will be counted as a "FOR" vote for the  election of
the director.

Is my vote kept confidential?

         Proxies,  ballots and voting tabulations  identifying  shareholders are
kept  confidential  and will not be disclosed except as may be necessary to meet
legal requirements.

Where do I find the voting results of the Annual Meeting?

         We will announce  preliminary voting results at the Annual Meeting.  We
will also publish the final results in our quarterly report on Form l0-Q for the
fiscal quarter  following the results of the voting on this matter. We will file
that  report  with the SEC,  and you can  obtain  a copy by  calling  the SEC at
l-800-SEC-0330 for the location of the nearest public reference room, or through
the EDGAR system at www.sec.gov.
                    -----------

Who can help answer my questions?

         You can  contact our  corporate  headquarters  at (718)  492-4440 or by
sending to Mr. Robert Knoth at 140 58th Street, Bldg. B, Suite 8E, Brooklyn, New
York 11220,  any questions about proposals  described in this proxy statement or
how to execute your vote.



                                       6
<page>

                                 IEH CORPORATION
                                 140 58th Street
                                Bldg. B, Suite 8E
                            Brooklyn, New York 11220


                                 PROXY STATEMENT

                                       FOR

                         Annual Meeting of Shareholders
                        To Be Held on September 28, 2007



         This  proxy  statement  and the  accompanying  form of proxy  have been
mailed on or about  August 31,  2007 to the holders of record on August 28, 2007
(the  "Record  Date") of the common  stock,  par value  $.01 per share  ("Common
Stock") of IEH CORPORATION,  a New York corporation  ("IEH" or the "Company") in
connection with the solicitation of proxies by the Board of Directors of IEH for
use at the Annual  Meeting of  Shareholders  to be held on September 28, 2007 at
9:00  a.m.,  New York  time,  at IEH's  offices  at 140 58th  Street,  Suite 8E,
Brooklyn, New York 11220, and at any adjournment thereof.

                SOLICITATION, VOTING AND REVOCABILITY OF PROXIES

         Shares of IEH's Common Stock  represented by an effective  proxy in the
accompanying form will, unless contrary instructions are specified in the proxy,
be voted (i) FOR the  election of the ONE (1) person  nominated  by the Board of
Directors  as a  Director;  and (ii) to  transact  such  other  business  as may
properly come before the Annual Meeting or any adjournment thereof.

         Any such  proxy  may be  revoked  at any time  before  it is  voted.  A
shareholder  may revoke this proxy by notifying  the  Secretary of IEH either in
writing  prior to the  Annual  Meeting or in person at the  Annual  Meeting,  by
submitting  a proxy  bearing a later  date or by voting in person at the  Annual
Meeting.  The presence of a majority of the holders of the outstanding shares of
Common  Stock  entitled  to vote,  in  person  or  represented  by  proxy,  will
constitute a quorum for the transaction of business.  Directors shall be elected
by a plurality of the votes cast at a meeting of the shareholders by the holders
of shares entitled to vote in the election. An affirmative vote of a majority of
the votes cast at the meeting is required  for approval of all other items being
submitted to the shareholders for their consideration.  The term "votes cast" is
defined as the votes actually cast for or against the resolution. A shareholder,
not present at the Annual  Meeting,  voting  through a proxy,  who abstains from
voting  on any  matter  which  is  submitted  to the  shareholders  for a  vote,
including the election of Directors,  is considered to be present at the meeting
for the purpose of establishing a quorum, however, the shares are not counted as
being  voted for or against the matter  submitted.  Brokers  holding  shares for
beneficial owners in "street names" must vote those shares according to specific
instructions  they received from the owners of such shares.  If instructions are
not received, brokers may vote the shares on all matters to be voted upon at the
Annual Meeting.

                                       7
<page>

         IEH will bear the cost of the  solicitation  of proxies by the Board of
Directors. The Board of Directors may use the services of its executive officers
and certain  Directors  to solicit  proxies from  shareholders  in person and by
mail,  telegram  and  telephone.  Arrangements  may also be made  with  brokers,
fiduciaries,  custodians,  and nominees to send proxies,  proxy  statements  and
other material to the beneficial  owners of IEH's Common Stock held of record by
such persons, and IEH may reimburse them for reasonable  out-of-pocket  expenses
incurred by them in so doing.

         The Annual Report to  Shareholders  for the fiscal year ended March 30,
2007, including financial statements, accompanies this proxy statement.

         The principal  executive offices of IEH are located at 140 58th Street,
Bldg. B, Suite 8E,  Brooklyn,  New York 11220.  IEH's telephone  number is (718)
492-4440.

Principal Independent Accountants and Services; Fees Paid

         The Board of Directors of IEH selected Jerome  Rosenberg,  CPA P.C., as
the independent  registered  auditor of IEH for the fiscal year ending March 30,
2007.  Shareholders  are not being asked to approve such selection  because such
approval is not required.  The audit services provided by Jerome Rosenberg,  CPA
P.C.,  consist of  examination  of financial  statements,  services  relative to
filings with the Securities and Exchange Commission ("SEC"), and consultation in
regard to various accounting matters. Jerome Rosenberg, CPA P.C., or a member of
his  firm is  expected  to be  present  at the  Annual  Meeting,  will  have the
opportunity  to make a statement  if he so  desires,  and will be  available  to
respond to appropriate questions.

         Audit Fees.  During the fiscal years ended March 30, 2007 and March 31,
2006, IEH paid an aggregate of $30,000 and $30,000,  respectively,  each year to
Jerome  Rosenberg,  CPA P.C.,  for fees  related  to the audit of its  financial
statements.

         Financial  Systems Design and  Implementation.  During the fiscal years
ended March 30, 2007 and March 31, 2006, no fees were paid to Jerome  Rosenberg,
CPA P.C., with respect to financial systems design or implementation.

         Tax Fees.  During the fiscal  years  ended March 30, 2007 and March 31,
2006,  the Company paid to Jerome  Rosenberg,  CPA P.C.,  the sums of $3,000 and
$3,000, respectively, for tax compliance, tax advice and tax planning services.

         All Other  Fees.  During the fiscal year ended March 30, 2007 and March
31, 2006, IEH did not pay any other fees for services to its auditor.

                                       8
<page>

         The Board of Directors  has  determined  that the services  provided by
Jerome  Rosenberg,  CPA P.C.,  and the fees paid to it for such services has not
compromised  the  independence of Jerome  Rosenberg,  CPA P.C. We do not have an
Audit  Committee  of the  Board.  Because of our small  size of  operations  and
because we are not traded on an exchange or on the Nasdaq Stock Markets,  we are
not required by law or applicable  regulations to have an Audit  Committee.  The
Board acts as a whole with respect to all matters which might otherwise be acted
upon by an Audit Committee.

                    VOTING SECURITIES AND SECURITY OWNERSHIP
                   OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

         The securities  entitled to vote at the meeting are IEH's Common Stock.
The presence,  in person or by proxy,  of a majority of shares  entitled to vote
will  constitute  a quorum for the Annual  Meeting.  Each share of Common  Stock
entitles its holder to one vote on each matter  submitted to  shareholders.  The
close of  business  on August 28, 2007 has been fixed as the Record Date for the
determination  of the  shareholders  entitled  to  notice  of and to vote at the
Annual Meeting and any adjournment  thereof.  At that date,  2,303,468 shares of
Common  Stock were  outstanding.  Voting of the  shares of Common  Stock is on a
non-cumulative basis.

         The  following  table sets forth certain  information  as of August 28,
2007 with respect to (i) the persons (including any "group" as that term is used
in Section 13(d)(3) of the Securities  Exchange Act of 1934), known by IEH to be
the beneficial owner of more than five percent (5%) of any class of IEH's voting
securities;  (ii) each  Executive  Officer and Director who owns Common Stock in
IEH; and (iii) all Executive Officers and Directors as a group. As of August 28,
2007, there were 2,303,468 shares of Common Stock issued and outstanding.


                                                    Amount of
                  Name and Address of               and Nature of     Percentage
                  -------------------               Beneficial        ----------
Title of Class    Beneficial Owner                  Ownership          of Class
--------------    ----------------                  ---------          --------

Common Stock      Michael Offerman(1)                 923,784             40%
$.01 Par Value    140 58th Street
                  Brooklyn, NY 11220

                  Murray Sennet                        24,500            1.1%
                  1900 Manor Lane
                  Plano, TX 75093
                                                            0              0
                  Allen Gottlieb
                  325 Coral Way
                  Ft. Lauderdale, FL 33301

                  Robert Knoth                            400              *
                  140 58th Street
                  Brooklyn, NY 11220

                                       9
<page>


                  David and Nancy Lopez (2)           188,500            8.2%
                  171 Edge of Woods Road
                  Southhampton, NY 11969

                  Hummingbird Management, LLC(3)      127,700            5.5%
                  460 Park Avenue, 12th Floor
                  New York, NY  10022


All Officers & Directors as a Group
(4 in number)                                         948,684          41.19%

----------------------
         *  Less than 1%.

(1)      43,600 shares of Common Stock are jointly owned by Mr. Offerman and his
         wife, Gail Offerman.

(2)      Based on a  Schedule  13D  Amendment  dated  August  5,  2005  filed by
         reporting person.

(3)      Based on a Schedule 13D dated April 20, 2007 filed by reporting person.

All shares set forth above are  directly  owned by the named  individual  unless
otherwise stated.

         It is expected  that the only  matters to be  considered  at the Annual
Meeting will be the election of Directors.

                        PROPOSAL I. ELECTION OF DIRECTORS

         IEH's  Certificate of Incorporation  provides that the Directors of IEH
are to be elected in two (2)  classes;  each class to be elected to a  staggered
two (2) year term and until their successors are duly elected and qualified. The
Board of Directors  currently consists of three (3) members divided into two (2)
classes  with two Class I Members  and one Class II  Member.  The  Bylaws of IEH
provide that the Board shall  consist of between three and eleven  persons,  and
the Board has currently set the number of persons on the Board at three members.

         The person  nominated  for  election to IEH's Board of Directors at the
Annual  Meeting  is Allen  Gottlieb  who will  serve as a Class II member of the
Board. The nominee currently serves on the Board of Directors.

         The  affirmative  vote of a plurality of the votes cast at a meeting of
the  shareholders  by the holders of shares of Common Stock  entitled to vote in
the  election is required to elect each  Director.  All proxies  received by the
Board of  Directors  will be voted for the election as Directors of the nominees

                                       10
<page>

as indicated  below if no direction to the contrary is given.  In the event that
either nominee is unable to serve,  the proxy solicited  hereby may be voted, in
the discretion of the holder of the proxy, for the election of another person in
his stead.  The Board of Directors  knows of no reason to  anticipate  this will
occur.  No family  relationships  exist  between  any  Director  or nominee  for
election as a Director.

         The  following  table sets  forth  certain  information  as of the date
hereof  with  respect  to all of the  Directors  of IEH,  including  the ONE (1)
nominee for election to IEH's Board of Directors at the 2007 Annual Meeting. The
information  provided below  indicates the Director whose term of office expires
at the Annual Meeting and those  Directors whose term of office expires in 2008.
The Director  whose term of office expires at the Annual Meeting is the Director
nominated for election at the 2007 Annual Meeting.

                      Director                 Position with
      Name             Since       Age          Corporation         Term Expires
      ----             -----       ---          -----------         ------------

Michael Offerman        1973       66     Chairman of the Board of      2008
                                          Directors and President

Murray Sennet           1970       86     Director                      2008

Allen Gottlieb          1992       66     Director                      2007

--------------------

         Michael  Offerman has been a member of IEH's Board of  Directors  since
1973. In May, 1987, Mr. Offerman was elected  President of IEH and has held that
position since that date. Prior to his becoming  President,  Mr. Offerman served
as Executive Vice-President of IEH.

         Murray Sennet has been a member of IEH's Board of Directors since 1968.
Mr. Sennet was the Secretary and Treasurer of IEH at the time of his  retirement
in April, 1986.

         Allen Gottlieb  (Nominee) has been a member of IEH's Board of Directors
since 1992. Mr.  Gottleib has been an attorney in private  practice for the past
five (5) years.

Significant Employees

         Robert Knoth joined IEH as Controller in January,  1990 and was elected
Treasurer  of IEH in March,  1990.  Mr. Knoth was elected as Secretary of IEH in
September  1992 and Mr. Knoth has held these  positions  since said dates.  From
1986 to January, 1990, Mr. Knoth was employed as controller by G&R Preuss, Inc.,
a company engaged in the business of manufacturing truck bodies and accessories.

         Joan  Prideaux  joined the Company in April 1994,  as Director of Sales
and  Marketing.  She also served as a Vice  President  until January  2002.  Ms.
Prideaux resigned as an executive officer in January 2002.

                                       11
<page>

         Mark Iskin is the Director of Purchasing,  a position he has held since
September  2000.  Prior to joining the Company,  Mr. Iskin worked as a materials
and purchasing  specialist in manufacturing and distribution  companies.  In his
last position  with an industrial  distributor,  Mr. Iskin was  responsible  for
purchasing and managing vendors for the cutting tool section of the catalog.  In
addition he participated in setting up and developing the Company's  forecasting
and planning software related to that department procedures.

         David  Offerman  joined IEH in  September  2004 as the  National  Sales
Manager.  Prior to joining IEH,  David worked as an account  executive and sales
manager in the telecommunication industry.

         Robert  Romeo  serves  as Vice  President  of  Engineering  for IEH,  a
position he has held since October 2005. Robert has corporate responsibility for
engineering  products and driving product  enhancements to satisfy the demanding
application  requirements of IEH customers.  In addition,  Robert is tasked with
engineering new product  developments in the IEH connector  offerings to broaden
the market base of potential customers.  These new connectors will introduce the
traditional  IEH  quality  and  value to  industries  that  specify  exceptional
reliability and performance in electrical and electronic equipment.

         Before  joining  IEH,  Robert  worked  for more  than  twenty  years in
positions of  increasing  responsibility  for major  national  manufacturers  of
electrical and electronic goods for residential,  industrial, government and OEM
markets.

         Paul  Tzetzos  joined  IEH in  November,  2005 as a  Quality  Assurance
Director. Paul has over 20 years of experience in the field of Quality Assurance
with the  last 15 years as  Director/Manager.  He is a  degreed  Engineer,  with
diversified knowledge in developing,  implementing,  maintaining,  and improving
Quality Systems,  such as, ISO 9001:2000,  EECS,  MIL-Q-9858A,  ETC. A certified
Lead  and  Internal  Auditor,  Paul  has a great  deal of  knowledge  concerning
military and industry specifications and standards.

Certain Reports

         Section  16(a) of the  Securities  Exchange  Act of 1934,  as  amended,
requires the Company's  directors and officers and persons who own,  directly or
indirectly,  more than 10% of a registered class of IEH's equity securities,  to
file with the SEC reports of  ownership  and reports of changes in  ownership of
Common Stock of IEH.

         Officers,  directors and greater than 10%  shareholders are required to
furnish the Company  with copies of all Section  16(a)  reports  that they file.
Based  solely on review of the copies of such  reports  received by the Company,
the Company believes that filing requirements applicable to officers,  directors
and 10% shareholders were complied with during the fiscal year.

Board Meetings, Committees and Compensation

         IEH does not have any nominating,  audit or  compensation  committee of
the Board of Directors.  The Board believes that because of its relatively small

                                       12
<page>

size and operations,  the Board is well positioned to address issues as a whole,
including the  appointment of independent  auditors.  Each Director  receives an
annual fee of $l,000  for  serving  as a member of the Board of  Directors  each
fiscal  year;  however,  the  Board  of  Directors  did  not  receive  any  such
compensation  for the fiscal year ended March 26, 2004 due to the Company's then
financial condition. Murray Sennet has received the sum of $7,200 for consulting
services provided to IEH for each of the last three fiscal years.

         During the fiscal year ended March 30,  2007,  two (2)  meetings of the
Board of Directors were held by telephone conference. All Directors participated
in such meeting of the Board.

         All matters relating to audit, compensation,  nominations and corporate
governance are considered and acted upon by our Board of Directors.

Compensation  Committee  Interlocks and Insider  Participation  in  Compensation
Decisions

         The  Board  does  not  have  a  compensation  committee.  There  are no
interlocks between our Directors and Directors of other companies.

Audit Committee and Audit Committee Financial Expert

         We do not have an Audit  Committee  of the Board.  Because of our small
size of  operations  and because our shares of Common Stock are not traded on an
exchange  or on  the  Nasdaq  Stock  Markets,  we  are  not  required  by law or
applicable  regulations  to have an Audit  Committee.  The Board acts as a whole
with  respect  to  matters  which  might  otherwise  be  acted  upon by an Audit
Committee.  Further,  as a  result  of  our  financial  condition,  and  limited
financial  resources to obtain directors' and officers' insurance and to provide
financial  incentives to Board members, we have been unable to attract qualified
persons  to serve on our  Board.  We believe  that two of our  directors,  Allen
Gottlieb and Murray Sennet, would both qualify as "independent directors" within
the meaning of the term as applied by the Nasdaq Stock Market Rule 4200(a)(15).

         Our  Board of  Directors  has  determined  that we do have one  current
director,  Murray Sennet,  who qualifies as an audit committee  financial expert
pursuant to Item 401 of Regulation S-B.

Nominations to the Board of Directors

         We do  not  have a  separate  Nominating  Committee  of  our  Board  of
Directors.  Given the small size of our  operations,  and our lack of  financial
resources,  we have been  unable to  attract  qualified  persons to serve on our
Board of Directors.  As a result,  our Board acts as a whole with respect to the
consideration  of  additional  candidates  for  service on the Board.  The Board
considers candidates for election to our Board of Directors, whether recommended
by security  holders or otherwise,  in accordance  with the following  criteria,
applicable to all candidates:

         [_]      Nominees shall have a reputation  for  integrity,  honesty and
                  adherence to high ethical standards.

                                       13
<page>

         [_]      Nominees should have demonstrated business acumen,  experience
                  and the ability to  exercise  sound  judgment in matters  that
                  relate to current and  long-term  objectives of IEH and should
                  be  willing  and  able  to   contribute   positively   to  our
                  decision-making process.
         [_]      Nominees  should have a commitment to  understand  IEH and its
                  industries and to regularly attend and participate in meetings
                  of the Board and its committees.
         [_]      Nominees  should have the interest  and ability to  understand
                  the   sometimes   conflicting   interests   of   the   various
                  constituencies of IEH, which include shareholders,  employees,
                  customers,  governmental  units,  creditors  and  the  general
                  public, and to act in the interests of all shareholders.
         [_]      Nominees  should not have,  nor appear to have,  a conflict of
                  interest that would impair the nominees'  ability to represent
                  the  interests of all of IEH  shareholders  and to fulfill the
                  responsibilities of a director.
         [_]      Nominees  shall not be  discriminated  against on the basis of
                  race, religion,  national origin, sex, disability or any other
                  basis proscribed by applicable law.

         The renomination of existing directors is not viewed as automatic,  but
shall be based on continuing  qualification  under the criteria set forth above.
In addition,  the Board  considers the existing  directors'  performance  on the
Board and any committee  thereof.  The Board also considers the  backgrounds and
qualifications of the directors considered as a group and our ability to attract
other  persons  to  serve  in light of our  industry,  financial  condition  and
financial resources. The Board desires to ensure that the Board, when taken as a
whole,  should  provide a  significant  breadth  of  experience,  knowledge  and
abilities that shall assist the Board in fulfilling its responsibilities.

         Procedure  to be Followed by Security  Holders in  Submitting  Director
         Candidate Recommendations

         Any  security  holder who  desires  the Board to  consider  one or more
candidates for nomination as a director should either by personal delivery or by
United States mail, postage prepaid,  deliver a written recommendation addressed
to the Chairman of the Board of Directors,  at 140 58th Street Building B, Suite
8E, Brooklyn,  New York 11220, not later than (i) with respect to an election to
be held at an Annual Meeting of Shareholders,  120 days prior to the anniversary
date of the immediately  preceding  Annual Meeting;  and (ii) with respect to an
election to be held at a special  meeting of  shareholders  for the  election of
directors,  the close of  business on the 10th day  following  the date on which
notice  of  such   meeting  is  first  given  to   shareholders.   Each  written
recommendation  should set forth:  (a) the name and  address of the  shareholder
making the  recommendation  and of the person or  persons  recommended;  (b) the
consent of such  person(s) to serve as a  director(s)  of IEH if  nominated  and
elected;  (c) description of how the person(s)  satisfy the general criteria for
consideration  as a candidate  referred to above and (d) a biography  or similar
information   regarding  the  person  being   nominated  as  would  satisfy  the
information requirements required under the rules and regulations of the SEC for
inclusion in a proxy statement.

Communications with the Board of Directors

                                       14
<page>

         Any shareholder  who wishes to communicate  with the Board of Directors
should send a written  letter to the Secretary of the Company,  at the Company's
principal  address.  Letters  may be  directed  to the  Board  as a whole  or to
individual members.

         THE  BOARD OF  DIRECTORS  RECOMMENDS  THAT YOU VOTE  "FOR"  THE ONE (1)
NOMINEE FOR DIRECTOR.

                             EXECUTIVE COMPENSATION

         The following table sets forth below the summary  compensation  paid or
accrued by the Company  during the fiscal years ended March 30, 2007,  March 31,
2006 and March 25, 2005, for the Company's Chief Executive Officer:

                                                                    Other Annual
Name and Principal Position           Year         Salary    Bonus  Compensation
---------------------------       --------------  --------  ------- ------------

Michael Offerman, Chief
Executive Officer, President (1)  March 30, 2007  $100,000  $ 5,000       0
                                  March 31, 2006   100,000   24,000       0
                                  March 25, 2005    96,235    1,424       0

(1)      During the years  ended  March 30,  2007,  March 31, 2006 and March 25,
         2005, the Company provided automobile allowances to Mr. Offerman.  This
         does not include the aggregate  incremental cost to the Company of such
         automobile or automobile allowances.

         There are no employment  agreements  between the Company and members of
its senior  management,  including the Chief Executive  Officer and President of
the Company, Michael Offerman.

         No officer of the Company received  compensation  (salary and bonus) in
excess of $100,000  during the fiscal year ended March 25, 2005.  For the fiscal
year ended  March 31,  2006,  Michael  Offerman,  Chief  Executive  Officer  and
President of the Company,  received aggregate  compensation of $124,000. For the
fiscal year ended March 30, 2007, Michael Offerman,  Chief Executive Officer and
President of the Company, received aggregate compensation of $105,000.

Pension/Benefit Incentive Plan

         In 1964, the Company's  shareholders  and Board of Directors  adopted a
contributory pension plan (the "Salaried Pension Plan") effective April 1, 1964,
for salaried  employees of the Company.  The Salaried Pension Plan as revised on
April 1, 1987,  provides for retirement benefits for qualified employees upon or
prior to retirement.

         For early  retirement,  employees  are eligible to receive a portion of
their retirement benefits,  starting 10 years prior to the employees anticipated
normal  retirement  age (age 65),  if the  employee  has  completed  15 years of

                                       15
<page>

service to the Company.  The employee is eligible to receive reduced  retirement
benefits based on an actuarial  table for a period not exceeding 10 years of his
lifetime. In no event would benefits exceed $12,000 per year.

         For normal  retirement  at the age of  sixty-five  (65) the employee is
entitled to receive full retirement benefits for a period not exceeding 10 years
of his lifetime.  If the employee  should die prior to the 10-year  period,  his
beneficiaries will continue to receive the full benefit for the remainder of the
10-year term. In no event will benefits exceed $12,000 per year.

         If payment is made on the "joint and survivor  basis" as elected by the
employee, benefits will be provided to both the employee and spouse on a reduced
basis over the life of both the employee and his spouse.  If the employee should
die prior to the guaranteed 10-year period, the spouse will receive the employee
benefit for the remainder of the term, after which, the spouse will received the
reduced  spousal  benefit  for the  life of the  spouse.  In no  event  will the
benefits pursuant to the joint and survivor basis exceed $12,000 per year.

         On June 30, 1995, the Company applied to the Pension  Benefit  Guaranty
Corporation   ("PBGC")   to  have  the  PBGC   assume   all  of  the   Company's
responsibilities  and liabilities  under its Salaried Pension Plan. On April 26,
1996, the PBGC determined that the Salaried Pension Plan did not have sufficient
assets  available to pay  benefits  which were and are  currently  due under the
terms of such Plan.

         The PBGC further  determined  that  pursuant to the  provisions  of the
Employment  Retirement Income Security Act of 1974, as amended  ("ERISA"),  that
the Salaried  Pension Plan must be  terminated in order to protect the interests
of the Plan's participants. Accordingly, the PBGC proceeded pursuant to ERISA to
have the Plan  terminated  and the PBGC appointed as statutory  trustee,  and to
have July 31, 1995 established as the Plan's termination date.

         The Company and the PBGC  negotiated a settlement  on the entire matter
and on July 2, 2001, an agreement was reached whereby the Company's liability to
the PBGC was reduced to $244,000.  The Company will make monthly payments to the
PBGC as follows:

           September 1, 2003 to August 1, 2004     $2,000 per month
           September 1, 2004 to August 1, 2007     $3,000 per month
           September 1, 2007 to August 1, 2007     $4,000 per month

         Additionally,  the Company has made balloon payments of $25,000 each on
the following  dates:  January 1, 2004,  May 1, 2004, May 1, 2005 and January 1,
2007.

         The Company also granted the PBGC a lien on the Company's machinery and
equipment.

         As a result of this  agreement  the amount due the PBGC was restated to
$244,000.  $43,000 was paid during the year ended  March 30,  2007,  $86,000 was
paid  during the year ended  March 31,  2007,  $56,000  was paid during the year
ended March 25, 2005, and $39,000 was paid during the year ended March 26, 2004.
The remaining balance of $20,000 is reported as a current liability.

                                       16
<page>

Stock Option Plan

         On September 21, 2001 the Company's  shareholders approved the adoption
of the Company's  2002  Employees  Stock Option Plan to provide for the grant of
options to purchase up to 750,000  shares of the  Company's  Common Stock to all
employees,  including senior  management.  To date, no options have been granted
under the 2002 Employees Stock Option Plan.

         Options  granted  to  employees  under this plan may be  designated  as
options which qualify for incentive stock option treatment under Section 422A of
the Internal  Revenue Code, or option which do not so qualify.  Under this plan,
the exercise  price of an option  designated as an incentive  stock option shall
not be less than the fair market value of the Company's  Common Stock on the day
the option is granted.  In the event an option  designated as an incentive stock
option is granted to a ten percent (10%) shareholder,  such exercise price shall
be at least 110 percent (110%) of the fair market value or the Company's  Common
Stock and the option must not be exercisable  after the expiration of five years
from the day of the grant. Exercise prices of non-incentive stock options may be
less than the fair market value of the Company's Common Stock.

         The aggregate fair market value of shares subject to options granted to
a participant, which are designated as incentive stock options, and which become
exercisable in any calendar  year,  shall not exceed  $100,000.  As of March 30,
2007, no options had been granted under such Plan.

Cash Bonus Plan

         In 1987, the Company  adopted a Cash Bonus Plan.  Contributions  to the
Cash Bonus Plan are made by the Company  only after  pre-tax  operating  profits
exceed  $150,000 for a fiscal year,  and then to the extent of 10% of the excess
of the greater or $150,000 of 25% of pre-tax operating  profits.  For the fiscal
year ended  March 25, 2005 the  contribution  to the Cash Bonus Plan was $4,188.
The contribution for the year ended March 31, 2006 was $75,500. The contribution
for the year ended March 30, 2007 was $20,000.


                                       17
<page>

                              FINANCIAL INFORMATION

A COPY OF IEH'S ANNUAL  REPORT FOR THE FISCAL YEAR ENDED MARCH 30, 2007 HAS BEEN
FURNISHED WITH THIS PROXY  STATEMENT TO  SHAREHOLDERS.  A COMPLETE COPY OF IEH'S
ANNUAL  REPORT ON FORM  10-KSB FOR THE FISCAL YEAR ENDED MARCH 30, 2007 AS FILED
WITH THE  SECURITIES AND EXCHANGE  COMMISSION MAY BE OBTAINED  WITHOUT CHARGE BY
SHAREHOLDERS  UPON  WRITTEN  REQUEST  SENT  TO  ROBERT  KNOTH,  SECRETARY,   IEH
CORPORATION,  140 58TH STREET, SUITE 8E, BROOKLYN,  NEW YORK, 11220 SHAREHOLDERS
MAY RECEIVE,  FOR A NOMINAL FEE, A COPY OF THE EXHIBITS.  Each such request must
set forth a good faith  representation  that as of August 28,  2007,  the person
making the request  was the  beneficial  owner of shares of Common  Stock of IEH
entitled to vote at the 2007 Annual Meeting of Shareholders.

         Please read all the sections of this proxy statement carefully.  We are
subject to the informational  requirements of the Exchange Act and in accordance
therewith,  file reports,  proxy statements and other  information with the SEC.
These reports,  proxy statements and other  information filed by us with the SEC
may be inspected  without charge at the public  reference  section of the SEC at
100 F Street,  NE,  Washington,  DC  20549,  Office of  Investor  Education  and
Assistance,  as well as at the  regional  offices  of the  SEC.  Copies  of this
material  also may be obtained from the SEC at  prescribed  rates.  The SEC also
maintains a website that contains reports,  proxy and information statements and
other  information  regarding  public  companies that file reports with the SEC.
Copies  of  these   materials   may  be  obtained  from  the  SEC's  website  at
http://www.sec.gov.
-----------------

                                 OTHER BUSINESS

         As of the date of this  proxy  statement,  the items  discussed  herein
contain the only business which the Board of Directors  intends to present,  and
is not aware of any other  matters  which may come  before the  meeting.  If any
other matter or matters are properly  brought before the Annual Meeting,  or any
adjournments  thereof,  it  is  the  intention  of  the  persons  named  in  the
accompanying  form of proxy to vote the proxy on such matters in accordance with
their judgment.

Shareholder Proposals

         Proposals of shareholders intended to be presented at IEH's 2008 Annual
Meeting of Shareholders must be received by IEH on or prior to May 1, 2008 to be
eligible for inclusion in IEH's proxy  statement and form of proxy to be used in
connection with the 2008 Annual Meeting of Shareholders.

                                             By Order of the Board of Directors.

                                             Robert Knoth
                                             Secretary
Dated: August 31, 2007

         WHETHER OR NOT YOU EXPECT TO ATTEND THE  MEETING,  PLEASE  COMPLETE AND
RETURN YOUR PROXY PROMPTLY IN THE ENCLOSED  ENVELOPE.  NO POSTAGE IS REQUIRED IF
IT IS MAILED IN THE UNITED STATES OF AMERICA.

                                       18
<page>

                                 IEH CORPORATION

               ANNUAL MEETING OF SHAREHOLDERS - SEPTEMBER 28, 2007

                                      PROXY

           THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS


         The undersigned shareholder of IEH CORPORATION, a New York corporation,
hereby appoints ROBERT KNOTH and MICHAEL OFFERMAN and each of them, proxies,
with full power of substitution to each, to vote all Common Shares of IEH
CORPORATION owned by the undersigned at the Annual Meeting of Shareholders of
IEH CORPORATION to be held on September 28, 2007 at 9:00 am (New York time) and
at any adjournments thereof, hereby revoking any proxy heretofore given.
The undersigned instructs such proxies to vote:

         I.       ELECTION OF DIRECTORS

                  FOR  nominee listed             WITHHOLD AUTHORITY
                  below          [_]              to vote for nominee
                                                  listed below    [_]

                  (Instruction: Please check appropriate box.)

                  NOMINEE FOR CLASS II DIRECTORS

         Allen Gottlieb


         AND TO VOTE UPON ANY OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE
MEETING OR ANY ADJOURNMENT THEREOF, all as described in the Proxy Statement
dated on or about August 31, 2007 receipt of which is hereby acknowledged.

         Either of the proxies, who shall be present and acting, shall have and
may exercise all the powers hereby granted, including, without limitation, to
vote to adjourn the meeting.

<page>

         Unless contrary instructions are given, the shares represented by this
proxy will be voted (a) for the Election of the one (1) Director nominated and
(b) to vote upon any other business as may properly come before the meeting or
any adjournment thereof. Please sign exactly as name appears hereon. Joint
Owners should each sign. When signing as attorney, executor, administrator,
trustee or guardian, please give full title as such.

         Said proxies will use their discretion with respect to any other
matters which properly come before the meeting.

         Please sign, date and return this proxy immediately in the enclosed
envelope.



                                    Dated:  _____________________, 2007



                                    -----------------------------------
                                    Signature


                                    -----------------------------------
                                    Print Name


                                    -----------------------------------
                                    Print Name (if joint)

                                    (Please   date  and  sign  exactly  as  name
                                    appears at left.  For joint  accounts,  each
                                    joint   owner   should   sign.    Executors,
                                    administrators,  trustees,  etc. should also
                                    so indicate when  signing.)  trustees,  etc.
                                    should also so indicate when signing.)