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                                                                    Exhibit 14.1

                                                                     July 2003

                             K & F INDUSTRIES, INC.

                   CODE OF ETHICS FOR FINANCIAL PROFESSIONALS

This K & F Industries, Inc. Code of Ethics for Professionals applies to the
principal executive officer and the chief financial officer of K & F Industries,
Inc. and its subsidiaries ("K & F") and to all professionals serving in a
finance, accounting, treasury, tax or investor relations role. K & F expects all
of its employees to act in accordance with the highest standards of personal and
professional integrity in all aspects of their activities, to comply with all
applicable laws, rules and regulations, to deter wrongdoing and to abide by the
K & F Code of Conduct and other policies and procedures adopted by K & F that
govern the conduct of its employees. This Code of Ethics is intended to
supplement the K & F Code of Conduct.

You agree to:

(a)   Engage in and promote honest and ethical conduct, including the ethical
      handling of actual or apparent conflicts of interest between personal and
      professional relationships;

(b)   Avoid conflicts of interest and to disclose to the CEO or the General
      Counsel any material transaction or relationship that reasonably could be
      expected to give rise to such a conflict;

(c)   Take all reasonable measures to protect the confidentiality of non-public
      information about K & F or its subsidiaries and their customers obtained
      or created in connection with your activities and to prevent the
      unauthorized disclosure of such information unless required by applicable
      law or regulation or legal or regulatory process;

(d)   Produce full, fair, accurate, timely, and understandable disclosure in
      reports and documents that K & F files with, or submits to, the Securities
      and Exchange Commission and other regulators and in other public
      communications made by K & F;

(e)   Comply with applicable governmental laws, rules and regulations, as well
      as the rules and regulations of any self-regulatory organizations of which
      K & F is a member; and

(f)   Promptly report any possible violation of this Code of Ethics to the CEO,
      the General Counsel or the Board of Directors of K & F Industries, Inc.
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      You are prohibited from directly or indirectly taking any action to
      fraudulently influence, coerce, manipulate or mislead K & F or its
      subsidiaries' independent public auditors for the purpose of rendering the
      financial statements of K & F or its subsidiaries misleading.

      You understand that you will be held accountable for your adherence to
      this Code of Ethics. Your failure to observe the terms of this Code of
      Ethics may result in disciplinary action, up to and including termination
      of employment. Violations of this Code of Ethics may also constitute
      violations of law and may result in civil and criminal penalties for you,
      your supervisors and/or K & F.

      If you have any questions regarding the best course of action in a
      particular situation, you should promptly contact the CEO or the General
      Counsel. You may choose to remain anonymous in reporting any possible
      violation of this Code of Ethics.
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YOUR PERSONAL COMMITMENT TO THE K & F INDUSTRIES, INC. CODE OF ETHICS FOR
FINANCIAL PROFESSIONALS


I acknowledge that I have received and read the K & F Industries, Inc. Code of
Ethics for Financial Professionals, dated July 2003, and understand my
obligations as an employee to comply with the Code of Ethics.

I understand that my agreement to comply with the Code of Ethics does not
constitute a contract of employment.

I have also received and read the K & F Industries, Inc. Notice of Employee
Complaint Procedure for the reporting of questionable accounting or audit
matters.

Please sign here: _______________________________

Please print your name: __________________________

Date:  __________________


This signed and completed form must be returned to your manager or designated
human resources professional.