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<P><CENTER>SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549</CENTER>
<CENTER>FORM 10-QSB</CENTER>
<BR>
<CENTER>QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE</CENTER>
<CENTER>SECURITIES EXCHANGE ACT OF 1934</CENTER></P>
<BR>
<P>For quarter ended November 30, 1999</P>
<P>Commission File Number 0-3498  </P>
<TABLE WIDTH="100%">
<TR VALIGN="BOTTOM"><TD ALIGN="CENTER"><U>TAYLOR DEVICES, INC.</U></TD></TR>
<TR VALIGN="BOTTOM"><TD ALIGN="CENTER">(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)</TD></TR></TABLE>
<P>
<TABLE WIDTH="100%">
<TR VALIGN="BOTTOM"><TD ALIGN="CENTER"><U>NEW YORK</U></TD>
<TD ALIGN="CENTER"></TD>
<TD ALIGN="CENTER"><U>16-0797789</U></TD></TR>
<TR VALIGN="TOP"><TD>(State or other Jurisdiction of
incorporation or organization</TD>
<TD></TD>
<TD>(I.R.S. Employer
Identification Number)</TD></TR></TABLE>
<P>
<TABLE WIDTH="100%">
<TR VALIGN="BOTTOM"><TD><U>90 TAYLOR DRIVE, NORTH TONAWANDA, NEW YORK</U></TD>
<TD></TD>
<TD><U>14120-0748</U></TD></TR>
<TR VALIGN="TOP"><TD>Address of principal executive offices</TD>
<TD></TD>
<TD>Zip Code</TD></TR></TABLE>
<P>
<TABLE WIDTH="100%">
<TR VALIGN="TOP"><TD>Registrant's telephone number, including area code - 716-694-0800</TD></TR></TABLE>



<P>Indicate by check mark whether the registrant (1) has filed all
annual, quarterly, and other reports required to be filed with
all the Commission and (2) has been subject to the filing
requirements for at least the past 90 days.</P>

<TABLE WIDTH="20%">
<TR VALIGN="TOP"><TD>Yes</TD>
<TD>
<P ALIGN="CENTER"><U> X </U></TD>
<TD></TD>
<TD>No</TD>
<TD><U>  </U></TD>
<TD></TD></TR></TABLE>
</P>


<P>Indicate the number of shares outstanding, of each of the
Issuer's classes of common stock as of the close of the period
covered by this report.</P>



<TABLE WIDTH="100%">
<TR VALIGN="TOP"><TD ALIGN="CENTER"><U>CLASS</U></TD>
<TD ALIGN="CENTER"></TD>
<TD ALIGN="CENTER"><U>Outstanding at November 30, 1999</U></TD></TR>
<TR VALIGN="TOP"><TD ALIGN="CENTER">Common Stock (2-1/2 cents par value)</TD>
<TD ALIGN="CENTER"></TD>
<TD ALIGN="CENTER">2,773,931</TD></TR></TABLE>
<BR>
<BR>
<P><CENTER>====END OF PAGE 1====</CENTER></P>
<BR>
<BR>
<CENTER>FORM 10-QSB</CENTER>
<CENTER>TAYLOR DEVICES, INC. - INDEX</CENTER>
<BR>
<BR>
<TABLE WIDTH="100%">
<TR VALIGN="TOP"><TD>PART  I-</TD>
<TD COLSPAN="2">FINANCIAL INFORMATION</TD>
<TD></TD>
</TR>
<TR VALIGN="TOP"><TD></TD>
<TD>Item 1.</TD>
<TD COLSPAN="2">Financial Statements</TD></TR>
<TR VALIGN="TOP"><TD></TD>
<TD></TD>
<TD COLSPAN="2"></TD></TR>
<TR VALIGN="TOP"><TD></TD>
<TD></TD>
<TD COLSPAN="2">Consolidated Condensed Balance Sheets November
30, 1999, and May 31, 1999 --------------------- Page 3</TD></TR>
<TR VALIGN="TOP"><TD></TD>
<TD></TD>
<TD COLSPAN="2"></TD></TR>
<TR VALIGN="TOP"><TD></TD>
<TD></TD>
<TD COLSPAN="2">Consolidated Condensed Statements of Income
for six months ended November 30, 1999 and
November 30, 1998, and three months ended
November 30, 1999 and November 30, 1998 --------------------- Page 4</TD></TR>
<TR VALIGN="TOP"><TD></TD>
<TD></TD>
<TD COLSPAN="2"></TD></TR>
<TR VALIGN="TOP"><TD></TD>
<TD></TD>
<TD COLSPAN="2">Consolidated Condensed Statement of Cash Flows
- six months ended November 30, 1999 and
November 30, 1998 --------------------- Page 5</TD></TR>
<TR VALIGN="TOP"><TD></TD>
<TD></TD>
<TD COLSPAN="2"></TD></TR>
<TR VALIGN="TOP"><TD></TD>
<TD></TD>
<TD COLSPAN="2">Notes to Consolidated Condensed Financial
Statements --------------------- Page 6</TD></TR>
<TR VALIGN="TOP"><TD></TD>
<TD></TD>
<TD COLSPAN="2"></TD></TR>
<TR VALIGN="TOP"><TD></TD>
<TD>Item 2.</TD>
<TD COLSPAN="2">Management's Discussion and Analysis of the
Financial Condition and Results of Operations --------------------- Page 7</TD></TR>
<TR VALIGN="TOP"><TD></TD>
<TD></TD>
<TD COLSPAN="2"></TD></TR>
<TR VALIGN="TOP"><TD>PART  II-  </TD>
<TD COLSPAN="3">OTHER INFORMATION</TD></TR>
<TR VALIGN="TOP"><TD></TD>
<TD>Item 1.</TD>
<TD COLSPAN="2">Legal Proceedings --------------------- Page 11</TD></TR>
<TR VALIGN="TOP"><TD></TD>
<TD>Item 2.</TD>
<TD COLSPAN="2">Changes in Securities --------------------- Page 11</TD></TR>
<TR VALIGN="TOP"><TD></TD>
<TD>Item 3.</TD>
<TD COLSPAN="2">Defaults upon Senior Securities --------------------- Page 11</TD></TR>
<TR VALIGN="TOP"><TD></TD>
<TD>Item 4.</TD>
<TD COLSPAN="2">Submission of Matters to Vote of Security
Holders --------------------- Page 11</TD></TR>
<TR VALIGN="TOP"><TD></TD>
<TD>Item 5.</TD>
<TD COLSPAN="2">Other Information --------------------- Page 11</TD></TR>
<TR VALIGN="TOP"><TD></TD>
<TD>Item 6.</TD>
<TD COLSPAN="2">Exhibits and Report on Form 8-K --------------------- Page 11</TD></TR></TABLE>
<BR>
<BR>
<P>SIGNATURES --------------------- Page 12</P>
<BR>
<BR>
<P><CENTER>====END OF PAGE 2====</CENTER>
<BR>
<BR>
<CENTER>FORM 10-QSB</CENTER>
<CENTER>TAYLOR DEVICES, INC. - CONSOLIDATED BALANCE SHEET</CENTER>
<BR>
<BR>
<TABLE WIDTH="100%">
<TR VALIGN="BOTTOM"><TD><STRONG><U>ASSETS</U></STRONG></TD>
<TD ALIGN="RIGHT"><STRONG>11/30/99</STRONG></TD>
<TD ALIGN="RIGHT"><STRONG>5/31/99</STRONG></TD></TR>
<TR VALIGN="BOTTOM"><TD><U>Current</U></TD>
<TD></TD>
<TD></TD></TR>
<TR VALIGN="BOTTOM"><TD> Cash</TD>
<TD ALIGN="RIGHT">$   540,489 </TD>
<TD ALIGN="RIGHT">$ 1,248,640 </TD></TR>
<TR VALIGN="BOTTOM"><TD> Funds Held By Trustee</TD>
<TD ALIGN="RIGHT">- 0 - </TD>
<TD ALIGN="RIGHT">112,575 </TD></TR>
<TR VALIGN="BOTTOM"><TD> Trade Accounts Receivable</TD>
<TD ALIGN="RIGHT">2,841,278 </TD>
<TD ALIGN="RIGHT">2,426,780 </TD></TR>
<TR VALIGN="BOTTOM"><TD> Inventories</TD>
<TD ALIGN="RIGHT">3,123,676 </TD>
<TD ALIGN="RIGHT">3,041,014 </TD></TR>
<TR VALIGN="BOTTOM"><TD> Prepaid and Refundable Income Taxes</TD>
<TD ALIGN="RIGHT">130,300 </TD>
<TD ALIGN="RIGHT">130,300 </TD></TR>
<TR VALIGN="BOTTOM"><TD> Prepaid Expenses</TD>
<TD ALIGN="RIGHT"><U>     24,706</U> </TD>
<TD ALIGN="RIGHT"><U>     76,185</U> </TD></TR>
<TR VALIGN="BOTTOM"><TD>    Total Current Assets</TD>
<TD ALIGN="RIGHT">$ 6,660,449 </TD>
<TD ALIGN="RIGHT">$ 7,035,494 </TD></TR>
<TR VALIGN="BOTTOM"><TD><U>Investments</U> - Affiliate, at equity</TD>
<TD ALIGN="RIGHT">266,589 </TD>
<TD ALIGN="RIGHT">253,584 </TD></TR>
<TR VALIGN="BOTTOM"><TD><U>Property and Equipment</U> - Net</TD>
<TD ALIGN="RIGHT">2,601,586 </TD>
<TD ALIGN="RIGHT">2,705,563 </TD></TR>
<TR VALIGN="BOTTOM"><TD><U>Other Assets</U></TD>
<TD ALIGN="RIGHT"></TD>
<TD ALIGN="RIGHT"></TD></TR>
<TR VALIGN="BOTTOM"><TD> Other</TD>
<TD ALIGN="RIGHT"><U>    522,190</U> </TD>
<TD ALIGN="RIGHT"><U>    356,084</U> </TD></TR>
<TR VALIGN="BOTTOM"><TD>    Total Other Assets</TD>
<TD ALIGN="RIGHT">$<U>   522,190</U> </TD>
<TD ALIGN="RIGHT">$<U>   356,084</U> </TD></TR>
<TR VALIGN="BOTTOM"><TD><U>TOTAL ASSETS</U></TD>
<TD ALIGN="RIGHT">$10,050,814 </TD>
<TD ALIGN="RIGHT">$10,350,725 </TD></TR>
<TR VALIGN="BOTTOM"><TD></TD>
<TD ALIGN="RIGHT"></TD>
<TD ALIGN="RIGHT"></TD></TR>
<TR VALIGN="BOTTOM"><TD><STRONG><U>LIABILITIES AND STOCKHOLDERS' EQUITY</U></STRONG><U></U></TD>
<TD ALIGN="RIGHT"></TD>
<TD ALIGN="RIGHT"></TD></TR>
<TR VALIGN="BOTTOM"><TD><U>Current</U></TD>
<TD ALIGN="RIGHT"></TD>
<TD ALIGN="RIGHT"></TD></TR>
<TR VALIGN="BOTTOM"><TD> Current Portion of Long Term Debt</TD>
<TD ALIGN="RIGHT">$   325,554 </TD>
<TD ALIGN="RIGHT">$   336,612 </TD></TR>
<TR VALIGN="BOTTOM"><TD> Payables - 	Trade</TD>
<TD ALIGN="RIGHT">913,130 </TD>
<TD ALIGN="RIGHT">746,900 </TD></TR>
<TR VALIGN="BOTTOM"><TD> Affiliate-Current</TD>
<TD ALIGN="RIGHT">231,561 </TD>
<TD ALIGN="RIGHT">183,700 </TD></TR>
<TR VALIGN="BOTTOM"><TD> Construction-in-Progress</TD>
<TD ALIGN="RIGHT">- 0 - </TD>
<TD ALIGN="RIGHT">- 0 - </TD></TR>
<TR VALIGN="BOTTOM"><TD> Accrued Income Tax</TD>
<TD ALIGN="RIGHT">91,874 </TD>
<TD ALIGN="RIGHT">373,127 </TD></TR>
<TR VALIGN="BOTTOM"><TD> Accrued Expenses</TD>
<TD ALIGN="RIGHT">515,199 </TD>
<TD ALIGN="RIGHT">560,226 </TD></TR>
<TR VALIGN="BOTTOM"><TD> Advanced Payments - Customers</TD>
<TD ALIGN="RIGHT">243,634 </TD>
<TD ALIGN="RIGHT">452,340 </TD></TR>
<TR VALIGN="BOTTOM"><TD> Billings in Excess of Costs and

<P> Estimated Earnings</TD>
<TD ALIGN="RIGHT"><U>    175,000</U> </TD>
<TD ALIGN="RIGHT"><U>    139,166</U> </TD></TR>
<TR VALIGN="BOTTOM"><TD>    Total Current Liabilities</TD>
<TD ALIGN="RIGHT">$ 2,495,952 </TD>
<TD ALIGN="RIGHT">$ 2,792,071 </TD></TR>
<TR VALIGN="BOTTOM"><TD><U>Non Current</U></TD>
<TD ALIGN="RIGHT"></TD>
<TD ALIGN="RIGHT"></TD></TR>
<TR VALIGN="BOTTOM"><TD> Long Term Debt</TD>
<TD ALIGN="RIGHT">$ 1,397,828 </TD>
<TD ALIGN="RIGHT">$ 1,629,022 </TD></TR>
<TR VALIGN="BOTTOM"><TD> Deferred Income Tax</TD>
<TD ALIGN="RIGHT"><U>     53,700</U> </TD>
<TD ALIGN="RIGHT"><U>     53,700</U> </TD></TR>
<TR VALIGN="BOTTOM"><TD>    Total Non Current Liabilities</TD>
<TD ALIGN="RIGHT">$ 1,451,528 </TD>
<TD ALIGN="RIGHT">$ 1,682,722 </TD></TR>
<TR VALIGN="BOTTOM"><TD>Minority Stockholders' Interest</TD>
<TD ALIGN="RIGHT">$   307,518 </TD>
<TD ALIGN="RIGHT">$   292,404 </TD></TR>
<TR VALIGN="BOTTOM"><TD></TD>
<TD ALIGN="RIGHT"></TD>
<TD ALIGN="RIGHT"></TD></TR>
<TR VALIGN="BOTTOM"><TD><STRONG><U>STOCKHOLDERS' EQUITY</U></STRONG><U></U></TD>
<TD ALIGN="RIGHT"></TD>
<TD ALIGN="RIGHT"></TD></TR>
<TR VALIGN="BOTTOM"><TD> Common Stock, par value $.025 a</P>

<P> share, authorized 8,000,000 shares</TD>
<TD ALIGN="RIGHT">$    71,452 </TD>
<TD ALIGN="RIGHT">$    70,922 </TD></TR>
<TR VALIGN="BOTTOM"><TD> Paid - In Capital</TD>
<TD ALIGN="RIGHT">2,737,555 </TD>
<TD ALIGN="RIGHT">2,678,017 </TD></TR>
<TR VALIGN="BOTTOM"><TD> Retained Earnings</TD>
<TD ALIGN="RIGHT"><U>  3,216,658</U> </TD>
<TD ALIGN="RIGHT"><U>  2,974,991</U> </TD></TR>
<TR VALIGN="BOTTOM"><TD></TD>
<TD ALIGN="RIGHT">6,025,665 </TD>
<TD ALIGN="RIGHT">5,723,930 </TD></TR>
<TR VALIGN="BOTTOM"><TD>Less: Cost of Treasury Stock 84,154 shares</TD>
<TD ALIGN="RIGHT"><U>   (229,849</U>)</TD>
<TD ALIGN="RIGHT"><U>   (140,402</U>)</TD></TR>
<TR VALIGN="BOTTOM"><TD><U>TOTAL STOCKHOLDERS' EQUITY</U></TD>
<TD ALIGN="RIGHT">$<U> 5,795,816</U> </TD>
<TD ALIGN="RIGHT">$<U> 5,583,528</U> </TD></TR>
<TR VALIGN="BOTTOM"><TD>TOTAL LIABILITIES & STOCKHOLDERS'</P>

<P>EQUITY</TD>
<TD ALIGN="RIGHT">$10,050,814 </TD>
<TD ALIGN="RIGHT">$10,350,725 </TD></TR></TABLE>
<BR>
<BR>
<P><CENTER>====END OF PAGE 3====</CENTER>
<BR>
<BR>
<BR>
<BR>
<CENTER>FORM 10-QSB</CENTER>
<CENTER>TAYLOR DEVICES, INC.</CENTER>
<BR>
<CENTER>CONSOLIDATED CONDENSED STATEMENT OF INCOME</CENTER>
<BR>
<BR>
<TABLE WIDTH="100%">
<TR VALIGN="BOTTOM"><TD></TD>
<TD COLSPAN="2"><CENTER>SIX MONTHS</CENTER>


<P><CENTER>ENDED NOVEMBER 30</CENTER>
</TD>
<TD COLSPAN="2"><CENTER>THREE MONTHS</CENTER>
</P>

<P><CENTER>ENDED NOVEMBER 30</CENTER>
</TD></TR>
<TR VALIGN="BOTTOM"><TD></TD>
<TD ALIGN="RIGHT"><U>1999</U>
</TD>
<TD ALIGN="RIGHT"><U>1998</U>
</TD>
<TD ALIGN="RIGHT"><U>1999</U>
<TD ALIGN="RIGHT"><U>1998</U>
</TD></TR>
<TR VALIGN="BOTTOM"><TD>NET SALES</TD>
<TD ALIGN="RIGHT">$4,858,664 </TD>
<TD ALIGN="RIGHT">$5,351,774 </TD>
<TD ALIGN="RIGHT">$2,297,319 </TD>
<TD ALIGN="RIGHT">$2,838,017 </TD></TR>
<TR VALIGN="BOTTOM"><TD><U>COST OF PRODUCT SOLD</U></TD>
<TD ALIGN="RIGHT"><U> 3,070,402</U> </TD>
<TD ALIGN="RIGHT"><U> 3,460,972</U> </TD>
<TD ALIGN="RIGHT"><U> 1,464,120</U> </TD>
<TD ALIGN="RIGHT"><U> 1,832,722</U> </TD></TR>
<TR VALIGN="BOTTOM"><TD> Gross Profit</TD>
<TD ALIGN="RIGHT">1,788,262 </TD>
<TD ALIGN="RIGHT">1,890,802 </TD>
<TD ALIGN="RIGHT">833,199 </TD>
<TD ALIGN="RIGHT">1,005,295 </TD></TR>
<TR VALIGN="BOTTOM"><TD></TD>
<TD ALIGN="RIGHT"></TD>
<TD ALIGN="RIGHT"></TD>
<TD ALIGN="RIGHT"></TD>
<TD ALIGN="RIGHT"></TD></TR>
<TR VALIGN="BOTTOM"><TD><U>EXPENSES</U></TD>
<TD ALIGN="RIGHT"></TD>
<TD ALIGN="RIGHT"></TD>
<TD ALIGN="RIGHT"></TD>
<TD ALIGN="RIGHT"></TD></TR>
<TR VALIGN="BOTTOM"><TD>Selling and
Administrative</TD>
<TD ALIGN="RIGHT"><U>1,367,429</U> </TD>
<TD ALIGN="RIGHT"><U>1,369,084</U> </TD>
<TD ALIGN="RIGHT"><U>  660,394</U> </TD>
<TD ALIGN="RIGHT"><U>  711,631</U> </TD></TR>
<TR VALIGN="BOTTOM"><TD>Profit (loss) from
Operations</TD>
<TD ALIGN="RIGHT">420,833 </TD>
<TD ALIGN="RIGHT">521,718 </TD>
<TD ALIGN="RIGHT">172,805 </TD>
<TD ALIGN="RIGHT">293,664 </TD></TR>
<TR VALIGN="BOTTOM"><TD></TD>
<TD ALIGN="RIGHT"></TD>
<TD ALIGN="RIGHT"></TD>
<TD ALIGN="RIGHT"></TD>
<TD ALIGN="RIGHT"></TD></TR>
<TR VALIGN="BOTTOM"><TD><U>OTHER INCOME/(EXPENSE)</U></TD>
<TD ALIGN="RIGHT"></TD>
<TD ALIGN="RIGHT"></TD>
<TD ALIGN="RIGHT"></TD>
<TD ALIGN="RIGHT"></TD></TR>
<TR VALIGN="BOTTOM"><TD> Rental - Affiliates</TD>
<TD ALIGN="RIGHT">5,000 </TD>
<TD ALIGN="RIGHT">5,000 </TD>
<TD ALIGN="RIGHT">2,500 </TD>
<TD ALIGN="RIGHT">2,500 </TD></TR>
<TR VALIGN="BOTTOM"><TD> Miscellaneous</TD>
<TD ALIGN="RIGHT">7,457 </TD>
<TD ALIGN="RIGHT">13,594 </TD>
<TD ALIGN="RIGHT"> 6,008 </TD>
<TD ALIGN="RIGHT">4,941 </TD></TR>
<TR VALIGN="BOTTOM"><TD> Interest</TD>
<TD ALIGN="RIGHT"><U>(71,014</U>)</TD>
<TD ALIGN="RIGHT"><U>(101,724</U>)</TD>
<TD ALIGN="RIGHT"> <U> (36,194</U>)</TD>
<TD ALIGN="RIGHT"><U> (48,158</U>)</TD></TR>
<TR VALIGN="BOTTOM"><TD>NET OTHER</TD>
<TD ALIGN="RIGHT">(58,557)</TD>
<TD ALIGN="RIGHT">(83,130)</TD>
<TD ALIGN="RIGHT">(27,686)</TD>
<TD ALIGN="RIGHT">(40,717)</TD></TR>
<TR VALIGN="BOTTOM"><TD></TD>
<TD ALIGN="RIGHT"></TD>
<TD ALIGN="RIGHT"></TD>
<TD ALIGN="RIGHT"></TD>
<TD ALIGN="RIGHT"></TD></TR>
<TR VALIGN="BOTTOM"><TD>NET INCOME BEFORE</P>

<P>PROVISION FOR TAXES</TD>
<TD ALIGN="RIGHT">362,276 </TD>
<TD ALIGN="RIGHT">438,588 </TD>
<TD ALIGN="RIGHT">145,119 </TD>
<TD ALIGN="RIGHT">252,947 </TD></TR>
<TR VALIGN="BOTTOM"><TD> Provision for Income</P>

<P> Taxes</TD>
<TD ALIGN="RIGHT"><U>  118,500</U> </TD>
<TD ALIGN="RIGHT"><U>  154,895</U> </TD>
<TD ALIGN="RIGHT"><U>  42,900</U> </TD>
<TD ALIGN="RIGHT"><U>  88,898</U> </TD></TR>
<TR VALIGN="BOTTOM"><TD></TD>
<TD ALIGN="RIGHT"></TD>
<TD ALIGN="RIGHT"></TD>
<TD ALIGN="RIGHT"></TD>
<TD ALIGN="RIGHT"></TD></TR>
<TR VALIGN="BOTTOM"><TD>INCOME BEFORE EQUITY IN</P>

<P>EARNINGS OF AFFILIATES</TD>
<TD ALIGN="RIGHT">243,776 </TD>
<TD ALIGN="RIGHT">283,693 </TD>
<TD ALIGN="RIGHT">102,219 </TD>
<TD ALIGN="RIGHT">164,049 </TD></TR>
<TR VALIGN="BOTTOM"><TD></TD>
<TD ALIGN="RIGHT"></TD>
<TD ALIGN="RIGHT"></TD>
<TD ALIGN="RIGHT"></TD>
<TD ALIGN="RIGHT"></TD></TR>
<TR VALIGN="BOTTOM"><TD>EQUITY IN EARNINGS OF</P>

<P>AFFILIATES</TD>
<TD ALIGN="RIGHT"><U>  13,005</U> </TD>
<TD ALIGN="RIGHT"><U>  10,000</U> </TD>
<TD ALIGN="RIGHT"><U>   8,105</U> </TD>
<TD ALIGN="RIGHT"><U>   3,900</U> </TD></TR>
<TR VALIGN="BOTTOM"><TD></TD>
<TD ALIGN="RIGHT"></TD>
<TD ALIGN="RIGHT"></TD>
<TD ALIGN="RIGHT"></TD>
<TD ALIGN="RIGHT"></TD></TR>
<TR VALIGN="BOTTOM"><TD>NET INCOME BEFORE
MINORITY</P>

<P>STOCKHOLDERS' INTEREST</TD>
<TD ALIGN="RIGHT">256,781 </TD>
<TD ALIGN="RIGHT">293,693 </TD>
<TD ALIGN="RIGHT">110,324 </TD>
<TD ALIGN="RIGHT">167,949 </TD></TR>
<TR VALIGN="BOTTOM"><TD> Minority Stockholders'</P>

<P> Interest</TD>
<TD ALIGN="RIGHT"><U>  15,114</U> </TD>
<TD ALIGN="RIGHT"><U>  10,584</U> </TD>
<TD ALIGN="RIGHT"><U>   9,214</U> </TD>
<TD ALIGN="RIGHT"><U>   5,292</U> </TD></TR>
<TR VALIGN="BOTTOM"><TD>NET INCOME</TD>
<TD ALIGN="RIGHT">$ 241,667 </TD>
<TD ALIGN="RIGHT">$ 283,109 </TD>
<TD ALIGN="RIGHT">$ 101,110 </TD>
<TD ALIGN="RIGHT">$ 162,657 </TD></TR>
<TR VALIGN="BOTTOM"><TD>Earnings Per Share</TD>
<TD ALIGN="RIGHT">8.7¢</TD>
<TD ALIGN="RIGHT">10.3¢</TD>
<TD ALIGN="RIGHT">3.7¢  </TD>
<TD ALIGN="RIGHT">5.9¢  </TD></TR></TABLE>
</P>
<BR>
<BR>
<P><CENTER>====END OF PAGE 4====</CENTER></P>
<BR>
<BR>
<BR>
<BR>
<CENTER>FORM 10-QSB</CENTER>
<CENTER>TAYLOR DEVICES, INC.</CENTER>
<CENTER>CONSOLIDATED STATEMENTS OF CASH FLOWS</CENTER>
<BR>
<BR>
<TABLE WIDTH="100%">
<TR VALIGN="BOTTOM"><TD></TD>
<TD COLSPAN="2">
<P ALIGN="CENTER">SIX MONTHS ENDED</P>

<P ALIGN="CENTER">NOVEMBER 30</TD></TR>
<TR VALIGN="BOTTOM"><TD></TD>
<TD ALIGN="RIGHT"><U>1999</U>
</TD>
<TD ALIGN="RIGHT"><U>1998</U>
</TD></TR>
<TR VALIGN="BOTTOM"><TD>Cash Flows From Operating Activities</TD>
<TD ALIGN="RIGHT">$241,667 </TD>
<TD ALIGN="RIGHT">$283,109 </TD></TR>
<TR VALIGN="BOTTOM"><TD> Net Income</TD>
<TD ALIGN="RIGHT"></TD>
<TD ALIGN="RIGHT"></TD></TR>
<TR VALIGN="BOTTOM"><TD> Adjustments to reconcile net income to net</P>

<P> cash provided by operating activities:</TD>
<TD ALIGN="RIGHT"></TD>
<TD ALIGN="RIGHT"></TD></TR>
<TR VALIGN="BOTTOM"><TD>   Depreciation and amortization</TD>
<TD ALIGN="RIGHT">162,630 </TD>
<TD ALIGN="RIGHT">152,160 </TD></TR>
<TR VALIGN="BOTTOM"><TD>   Equity in net income of affiliate</TD>
<TD ALIGN="RIGHT">(13,005)</TD>
<TD ALIGN="RIGHT">(10,000)</TD></TR>
<TR VALIGN="BOTTOM"><TD>   Increase in cash value - life insurance</TD>
<TD ALIGN="RIGHT">- 0 - </TD>
<TD ALIGN="RIGHT">- 0 - </TD></TR>
<TR VALIGN="BOTTOM"><TD>   Deferred income taxes</TD>
<TD ALIGN="RIGHT">- 0 - </TD>
<TD ALIGN="RIGHT">- 0 - </TD></TR>
<TR VALIGN="BOTTOM"><TD>   Tax benefit - stock option plan</TD>
<TD ALIGN="RIGHT">- 0 - </TD>
<TD ALIGN="RIGHT">- 0 - </TD></TR>
<TR VALIGN="BOTTOM"><TD>   Minority stockholder's interest</TD>
<TD ALIGN="RIGHT">15,114 </TD>
<TD ALIGN="RIGHT">10,584 </TD></TR>
<TR VALIGN="BOTTOM"><TD>   Common stock issued, charged to compensation</P>

<P>   expense, net</TD>
<TD ALIGN="RIGHT">- 0 - </TD>
<TD ALIGN="RIGHT">- 0 - </TD></TR>
<TR VALIGN="BOTTOM"><TD>   Interest income - funds held by trustee</TD>
<TD ALIGN="RIGHT">- 0 - </TD>
<TD ALIGN="RIGHT">- 0 - </TD></TR>
<TR VALIGN="BOTTOM"><TD> Changes in:</TD>
<TD ALIGN="RIGHT"></TD>
<TD ALIGN="RIGHT"></TD></TR>
<TR VALIGN="BOTTOM"><TD>   Receivables</TD>
<TD ALIGN="RIGHT">(414,498)</TD>
<TD ALIGN="RIGHT">(449,737)</TD></TR>
<TR VALIGN="BOTTOM"><TD>   Inventories</TD>
<TD ALIGN="RIGHT">(82,662)</TD>
<TD ALIGN="RIGHT">(57,107)</TD></TR>
<TR VALIGN="BOTTOM"><TD>   Prepaid expenses</TD>
<TD ALIGN="RIGHT">51,479 </TD>
<TD ALIGN="RIGHT">36,290 </TD></TR>
<TR VALIGN="BOTTOM"><TD>   Payables - trade   </TD>
<TD ALIGN="RIGHT">166,230 </TD>
<TD ALIGN="RIGHT">(267,674)</TD></TR>
<TR VALIGN="BOTTOM"><TD>   Payables - affiliates   </TD>
<TD ALIGN="RIGHT">47,861 </TD>
<TD ALIGN="RIGHT">15,276 </TD></TR>
<TR VALIGN="BOTTOM"><TD>   Advance payments, customers</TD>
<TD ALIGN="RIGHT">(338,978)</TD>
<TD ALIGN="RIGHT">116,080 </TD></TR>
<TR VALIGN="BOTTOM"><TD>   Accrued income taxes</TD>
<TD ALIGN="RIGHT">(281,253)</TD>
<TD ALIGN="RIGHT">(14,605)</TD></TR>
<TR VALIGN="BOTTOM"><TD>   Accrued expenses</TD>
<TD ALIGN="RIGHT">(45,027)</TD>
<TD ALIGN="RIGHT">145,736 </TD></TR>
<TR VALIGN="BOTTOM"><TD><STRONG>  Net cash provided by operating activities</STRONG></TD>
<TD ALIGN="RIGHT"><STRONG>(490,442)</STRONG></TD>
<TD ALIGN="RIGHT"><STRONG>(39,888)</STRONG></TD></TR>
<TR VALIGN="BOTTOM"><TD>Cash Flows From Investing Activities</TD>
<TD ALIGN="RIGHT"></TD>
<TD ALIGN="RIGHT"></TD></TR>
<TR VALIGN="BOTTOM"><TD> Acquisition of property and equipment</TD>
<TD ALIGN="RIGHT">(58,653)</TD>
<TD ALIGN="RIGHT">(97,190)</TD></TR>
<TR VALIGN="BOTTOM"><TD> Proceeds from sale of tax free money fund held</P>

<P> by trustee</TD>
<TD ALIGN="RIGHT">- 0 - </TD>
<TD ALIGN="RIGHT">- 0 - </TD></TR>
<TR VALIGN="BOTTOM"><TD> Cash received from trustee        </TD>
<TD ALIGN="RIGHT">- 0 - </TD>
<TD ALIGN="RIGHT">- 0 - </TD></TR>
<TR VALIGN="BOTTOM"><TD> Cash remitted to trustee      </TD>
<TD ALIGN="RIGHT">112,575 </TD>
<TD ALIGN="RIGHT">(68,057)</TD></TR>
<TR VALIGN="BOTTOM"><TD><STRONG>  Net cash used for investing activities</STRONG></TD>
<TD ALIGN="RIGHT"><STRONG>53,922</STRONG> </TD>
<TD ALIGN="RIGHT"><STRONG>(165,247)</STRONG></TD></TR>
<TR VALIGN="BOTTOM"><TD>Cash Flows From Financing Activities</TD>
<TD ALIGN="RIGHT"></TD>
<TD ALIGN="RIGHT"></TD></TR>
<TR VALIGN="BOTTOM"><TD> Financing costs paid </TD>
<TD ALIGN="RIGHT">- 0 - </TD>
<TD ALIGN="RIGHT">- 0 - </TD></TR>
<TR VALIGN="BOTTOM"><TD> Borrowings - bank demand notes</TD>
<TD ALIGN="RIGHT">- 0 - </TD>
<TD ALIGN="RIGHT">- 0 - </TD></TR>
<TR VALIGN="BOTTOM"><TD> Repayments - bank demand notes</TD>
<TD ALIGN="RIGHT">- 0 - </TD>
<TD ALIGN="RIGHT">(300,000)</TD></TR>
<TR VALIGN="BOTTOM"><TD>            - long-term debt</TD>
<TD ALIGN="RIGHT">(242,252)</TD>
<TD ALIGN="RIGHT">( 78,950)</TD></TR>
<TR VALIGN="BOTTOM"><TD> Proceeds from issuance of common stock</TD>
<TD ALIGN="RIGHT"></TD>
<TD ALIGN="RIGHT"></TD></TR>
<TR VALIGN="BOTTOM"><TD> - employee stock purchase plan</TD>
<TD ALIGN="RIGHT">60,068 </TD>
<TD ALIGN="RIGHT">49,957 </TD></TR>
<TR VALIGN="BOTTOM"><TD> - acquisition of treasury stock</TD>
<TD ALIGN="RIGHT">(89,447)</TD>
<TD ALIGN="RIGHT">- 0 - </TD></TR>
<TR VALIGN="BOTTOM"><TD><STRONG>  Net cash used for financing activities</STRONG></TD>
<TD ALIGN="RIGHT"><STRONG>(271,631)</STRONG></TD>
<TD ALIGN="RIGHT"><STRONG>(328,993)</STRONG></TD></TR>
<TR VALIGN="BOTTOM"><TD><STRONG>  Net increase/(decrease) in cash and  cash</STRONG></P>

<P><STRONG>  equivalents</STRONG></TD>
<TD ALIGN="RIGHT"><STRONG>(708,151)</STRONG></TD>
<TD ALIGN="RIGHT"><STRONG>(534,128)</STRONG></TD></TR>
<TR VALIGN="BOTTOM"><TD>Cash and Cash Equivalents Balance at</P>

<P>Beginning of Year</TD>
<TD ALIGN="RIGHT">1,248,640 </TD>
<TD ALIGN="RIGHT">1,696,506 </TD></TR>
<TR VALIGN="BOTTOM"><TD>Cash and Cash Equivalents Balance at End of Period</TD>
<TD ALIGN="RIGHT">540,489 </TD>
<TD ALIGN="RIGHT">1,162,378 </TD></TR></TABLE></P>
<BR>
<BR>
<P><CENTER>====END OF PAGE 5====</CENTER></P>
<BR>
<BR>
<BR>
<BR>
<CENTER>FORM 10-QSB</CENTER>
<CENTER>TAYLOR DEVICES, INC.</CENTER>
<CENTER>NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENT</CENTER>
<BR>
<BR>
<TABLE WIDTH="100%">
<TR VALIGN="TOP"><TD>1.  </TD>
<TD>In opinion of the Company, the accompanying unaudited
consolidated condensed financial statements contain all
adjustments necessary to present fairly the financial
position as of November 30, 1999 and May 31, 1999 and the
results of operations for the three months and six months
ended November 30, 1999 and November 30, 1998 and changes
in financial position for the six months then ended.</TD></TR>
<TR VALIGN="TOP"><TD></TD>
<TD></TD></TR>
<TR VALIGN="TOP"><TD>2.  </TD>
<TD>There is no provision nor shall there be any provisions
for profit sharing, dividends, or any other benefits of
any nature at any time for this fiscal year.</TD></TR>
<TR VALIGN="TOP"><TD></TD>
<TD></TD></TR>
<TR VALIGN="TOP"><TD>3.  </TD>
<TD>For the six month period ended November 30, 1999, the
profit was divided by 2,773,931, which is net of the
Treasury shares, to calculate the earnings per share.  For
the six month period ended November 30, 1998, the profit
was divided by 2,757,543 to calculate the earnings per
share, which is net of the Treasury shares. </TD></TR>
<TR VALIGN="TOP"><TD></TD>
<TD></TD></TR>
<TR VALIGN="TOP"><TD>4.  </TD>
<TD>The results of operations for the six month period ended
November 30, 1999 are not necessarily indicative of the
results to be expected for the full year. </TD></TR></TABLE>
<BR>
<BR>
<P><CENTER>====END OF PAGE 6====</CENTER></P>
<BR>
<BR>
<CENTER>FORM 10-QSB</CENTER>
<CENTER>TAYLOR DEVICES, INC.</CENTER>
<CENTER>MANAGEMENT'S DISCUSSION AND ANALYSIS OF THE</CENTER>
<CENTER>FINANCIAL CONDITION AND RESULTS OF OPERATIONS</CENTER>
<BR>
<BR>
The following is Management's discussion and analysis of certain
significant factors which have affected the Company's earnings
during the periods included in the accompanying consolidated
condensed statements of income.
<BR>
<BR>
The Private Securities Litigation Reform Act of 1995 provides a
"safe harbor" for forward-looking statements.  Certain matters
discussed in this section and elsewhere in this Report, which are
not historical facts, are forward-looking statements.  As such,
these statements involve risks and uncertainties including, but
not limited to, economic conditions, product demand and industry
capacity, competition, pricing pressures, the need for the
Company to keep pace with customer needs and technological
developments, and other factors.
<BR>
<BR>
A summary of the period to period changes in the principal items
included in the consolidated statements of income is shown below:
<BR>
<BR>
<TABLE WIDTH="100%">
<TR VALIGN="BOTTOM"><TD></TD>
<TD COLSPAN="3"><CENTER>Comparisons of Six Months Ended</CENTER>


<P><CENTER><U>November 30, 1999 - November 30, 1998</U></CENTER>
</TD></TR>
<TR VALIGN="BOTTOM"><TD></TD>
<TD COLSPAN="3"><CENTER>Increase        (Decrease)</CENTER>
</TD></TR>
<TR VALIGN="BOTTOM"><TD></P>
Net Sales</TD>
<TD></TD>
<TD ALIGN="CENTER">$(493,100)</TD>
<TD></TD></TR>
<TR VALIGN="BOTTOM"><TD>Cost of Sales</TD>
<TD></TD>
<TD ALIGN="CENTER">(390,570)</TD>
<TD></TD></TR>
<TR VALIGN="BOTTOM"><TD>Selling, General and
Administrative Expenses</TD>
<TD></TD>
<TD ALIGN="CENTER">(1,655)</TD>
<TD></TD></TR>
<TR VALIGN="BOTTOM"><TD>Other Expenses</TD>
<TD></TD>
<TD ALIGN="CENTER">- 0 - </TD>
<TD></TD></TR>
<TR VALIGN="BOTTOM"><TD>Other Income</TD>
<TD></TD>
<TD ALIGN="CENTER">(6,137)</TD>
<TD></TD></TR>
<TR VALIGN="BOTTOM"><TD>Interest Expense</TD>
<TD></TD>
<TD ALIGN="CENTER">(30,710)</TD>
<TD></TD></TR>
<TR VALIGN="BOTTOM"><TD>Net Profit Before Tax and
Minority Shareholders'
Interest</TD>
<TD></TD>
<TD ALIGN="CENTER">(76,312)</TD>
<TD></TD></TR>
<TR VALIGN="BOTTOM"><TD>Provision for Income Tax</TD>
<TD></TD>
<TD ALIGN="CENTER">(36,395)</TD>
<TD></TD></TR>
<TR VALIGN="BOTTOM"><TD>Net Profit Before Equity in
 Earnings of Affiliates</TD>
<TD></TD>
<TD ALIGN="CENTER">(39,917)</TD>
<TD></TD></TR>
<TR VALIGN="BOTTOM"><TD>Equity in Earnings of
Affiliates</TD>
<TD></TD>
<TD ALIGN="CENTER">3,005 </TD>
<TD></TD></TR>
<TR VALIGN="BOTTOM"><TD>Minority Stockholders'
Interest</TD>
<TD></TD>
<TD ALIGN="CENTER">(4,530)</TD>
<TD></TD></TR>
<TR VALIGN="BOTTOM"><TD>Net Income</TD>
<TD></TD>
<TD ALIGN="CENTER">(41,442)</TD>
<TD></TD></TR></TABLE>
<BR>
<BR>
<CENTER>====END OF PAGE 7====</CENTER>
<BR>
<BR>
<BR>
<BR>
<CENTER>FORM 10-QSB</CENTER>
<CENTER>TAYLOR DEVICES, INC.</CENTER>
<CENTER>MANAGEMENT'S DISCUSSION (CON'T)</CENTER>


<P>In the first six months of FY2000, the Company produced improved
gross margins on shipments and experienced substantial success in
obtaining new orders.  The Company's backlog at the time of this
report exceeds $12,000,000 and includes significant foreign
orders.</P>

<P><STRONG>SIX MONTH PERIOD</STRONG> (all figures compared are six months y-t-d
FY2000 vs. six months y-t-d FY1999)</P>

<P>For the six months of Fiscal Year 2000 ending 11/30/99, shipments
were $4,858,664, compared to $5,351,774 in the same time frame in
the previous fiscal year.  The difference is largely attributable
to a shift in the product mix in the backlog as production runs
for certain items ended and efforts were shifted to projects with
extended delivery requirements.</P>

<P>Gross Margin for the six months was $1,788,262 or 36.8% of sales
compared to $1,890,802 and 35.3% for the previous fiscal year.
The Gross Margin % improvement reflects the higher proportion of
seismic products in the mix, which is also reflected in the
Selling, General and Administrative figures.  S G & A for the
current year was $1,367,429, compared to $1,369,084 for the
previous fiscal year, as seismic related sales, commission costs
and Y2K compliance costs consumed most of the variable S G & A
cost savings that are typically associated with periods of
reduced shipments.</P>

<P>Net other Expenses improved by about $25,000, from $83,130 for
the previous year to $58,557 for the current year, primarily
reflecting lowered interest expense as the Company has taken on
no  new significant debt for almost two years and continues to
pay down existing debt.  For the first six months of Fiscal Year
2000, Net Income before Provision for Taxes was $362,276,
compared to $438,588 for the previous fiscal year's six month
period.  After the application of a tax provision and the impact
of the affiliate and minority shareholder interest figures, Net
Income for the period was $241,667 and $.087 per share compared
to $283,109 and $.103 for the previous year's period.</P>

<P><STRONG>SECOND QUARTER</STRONG> (all figures being compared are for the second
quarter of FY2000 vs. the second quarter of FY1999)</P>

<P>Shipments for the current period were $2,297,319 compared to
$2,838,017 as discussed in the section above.  Gross Margin for
the period was $833,199 and 36.2% of shipments, compared to
$1,005,295 and 35.4% for the previous period, reflecting, as
mentioned above, the favorable impact of the high proportion of
seismic products in the product mix.  S G & A expense was
$660,394, 28.8% of shipments compared to $711,631 and 25.1% for
the previous year's performance.</P>
<BR>
<BR>
<CENTER>====END OF PAGE 8====</CENTER>
<BR>
<BR>
<BR>
<BR>
<CENTER>FORM 10-QSB</CENTER>
<CENTER>TAYLOR DEVICES, INC.</CENTER>
<CENTER>MANAGEMENT'S DISCUSSION (CON'T)</CENTER>
<P>Net Other Expense was lower, as explained in the section above,
as interest expense declined noticeably bringing the figure for
the current period to $27,686 compared to $40,717.  After
provisions for taxes and the impact of the affiliated and
minority shareholder interest figures, Net Income for the period
was $101,110 and $.037 per share compared to $162,657 and $.059 a
share for the second quarter of FY99. </P>


<P>The Company's Balance Sheet continues to reflect the Company's
strong condition while also reflecting a shift in its operating
environment.  Accounts Receivable remains at a relatively high
level, as a consequence of the progress billing cycle, and
Inventories rose slightly, reflecting effort on the improved
backlog.  The Company continues to meet its funding requirements
through the generation of profits and existing lines of credit
and does not anticipate having to seek additional sources of
funds in the current fiscal year or the near future.</P>


<P>At the halfway point of FY2000, Management anticipates that the
Company will continue to pursue numerous sales opportunities in
the seismic and aerospace/defense sectors and maintain or improve
the current backlog position.  Shipments are expected to continue
to carry a favorable gross margin and, overall, results for
FY2000 are expected to approximate those of FY1999.</P>


<P><STRONG>YEAR 2000</STRONG></P>


<P>Certain statements included in this discussion regarding the
Company's Year 2000 ("Y2K") compliance are forward looking
statements.  These include Management's best estimates for
completion dates for various phrases and priorities, testing
performed, and costs spent for compliance, either by the Company
or third parties.  These forward looking statements are subject
to various factors which may materially affect the Company's
efforts in that regard.  Specific factors that might cause
material differences include, but are not limited to, the
availability and cost of personnel trained in this area, the
ability to locate, correct or replace any relevant software and
embedded components, the compliance of critical vendors, and
similar uncertainties.  The risks that inaccurate information
being supplied by third parties, and upon which the Company may
rely, must be considered as a risk factor that could affect the
Company's Y2K efforts. </P>


<P>As previously reported, the Company's primary integrated
manufacturing/accounting software is an "off-the-shelf", widely
used product designed to function in the Y2K environment, but
failure could conceivably result in some unknown level of
inconvenience, until adapted or replaced.</P>
<BR>
<BR>
<CENTER>====END OF PAGE 9====</CENTER>
<BR>
<BR>
<BR>
<BR>
<CENTER>FORM 10-QSB</CENTER>
<CENTER>TAYLOR DEVICES, INC.</CENTER>
<CENTER>MANAGEMENT'S DISCUSSION (CON'T)</CENTER>


<P>The Company has completed hardware and software modifications and
improvements throughout and the Company's computers and servers
have been tested for functionality after January 1, 2000.</P>

<P>Throughout FY99 and presently, the purchasing department has
contacted key vendors to determine if any of them anticipate
experiencing significant Y2K problems.  These assessments are
believed to be completed. </P>

<P>The Company has external communication links with its payroll
service, government contract service, the SEC filing system, and
has less vital information links with its bank, credit report
service and other institutions, most of which have informed the
Company to be Y2K compliant.  Investigation of the functionality
of these links is ongoing.</P>

<P>At this time, Management is unaware of any Y2K problems, other
than those that are beyond its control.  The Company believes
that it can function temporarily, if need be, by using manual
methods of operation should an unforeseen Y2K problem occur.</P>
<BR>
<BR>
<CENTER>====END OF PAGE 10====</CENTER>
<BR>
<BR>
<BR>
<BR>
<CENTER>FORM 10-QSB</CENTER>
<CENTER>TAYLOR DEVICES, INC.</CENTER>
<BR>
<BR>

<TABLE WIDTH="100%">
<TR VALIGN="TOP"><TD>PART  II  -</TD>
<TD COLSPAN="3">OTHER INFORMATION</TD>
<TD></TD></TR>
<TR VALIGN="TOP"><TD></TD>
<TD COLSPAN="2"></TD>
<TD COLSPAN="2"></TD></TR>
<TR VALIGN="TOP"><TD></TD>
<TD COLSPAN="2">ITEM   1</TD>
<TD COLSPAN="2">Legal Proceedings:</TD></TR>
<TR VALIGN="TOP"><TD></TD>
<TD COLSPAN="2"></TD>
<TD COLSPAN="2">The Company is not currently engaged in any
litigation.</TD></TR>
<TR VALIGN="TOP"><TD></TD>
<TD COLSPAN="2">ITEM   2</TD>
<TD COLSPAN="2">Changes in Securities - None</TD></TR>
<TR VALIGN="TOP"><TD></TD>
<TD COLSPAN="2">ITEM   3</TD>
<TD COLSPAN="2">Defaults Upon Senior Securities - None</TD></TR>
<TR VALIGN="TOP"><TD></TD>
<TD COLSPAN="2">ITEM   4</TD>
<TD COLSPAN="2">Submission of Matters to Vote of Securities
Holders </TD></TR>
<TR VALIGN="TOP"><TD></TD>
<TD COLSPAN="2"></TD>
<TD COLSPAN="2"></TD></TR>
<TR VALIGN="TOP"><TD></TD>
<TD>1.</TD>
<TD COLSPAN="3">The Annual Meeting of Shareholders was held on
October 22, 1999.  Results are as follows:</TD></TR>
<TR VALIGN="TOP"><TD></TD>
<TD></TD>
<TD>A.</TD>
<TD COLSPAN="2">Class 1 Director of the Company was elected to
serve a three year term expiring in 2002 as
follows:</TD></TR>
<TR VALIGN="TOP"><TD></TD>
<TD COLSPAN="2"></TD>
<TD COLSPAN="2">Joseph P. Gastel -  2,122,024 shares voted <U>for</U>
and  16,848 shares were <U>withheld</U>.</TD></TR>
<TR VALIGN="TOP"><TD></TD>
<TD></TD>
<TD>B.</TD>
<TD COLSPAN="2">To adopt a 1999 Taylor Devices, Inc. Employee
Stock Purchase Plan. A total of 2,095,348
shares voted <U>for</U> the Plan; 30,642 shares voted
<U>against</U> and 4,268 shares <U>abstained</U>.</TD></TR>
<TR VALIGN="TOP"><TD></TD>
<TD></TD>
<TD></TD>
<TD COLSPAN="2"></TD></TR>
<TR VALIGN="TOP"><TD></TD>
<TD COLSPAN="2">ITEM   5</TD>
<TD COLSPAN="2">Other Information</TD></TR>
<TR VALIGN="TOP"><TD></TD>
<TD COLSPAN="2"></TD>
<TD COLSPAN="2">For the period 9/1/99 to 11/30/99, changes in
the Company's outstanding shares are as
follows:</TD></TR>
<TR VALIGN="TOP"><TD></TD>
<TD></TD>
<TD>A.</TD>
<TD COLSPAN="2">An increase of 10,428 shares, for purchases of
Company stock by employee's from the
Employee's Stock Purchase Plan.</TD></TR>
<TR VALIGN="TOP"><TD></TD>
<TD></TD>
<TD>B.</TD>
<TD COLSPAN="2">A reduction of 21,730 shares which were
returned to the treasury from open market
purchases by the Company.  Treasury shares at
11/30/99 are 84,154.</TD></TR>
<TR VALIGN="TOP"><TD></TD>
<TD></TD>
<TD></TD>
<TD COLSPAN="2"></TD></TR>
<TR VALIGN="TOP"><TD></TD>
<TD COLSPAN="2">ITEM   6</TD>
<TD COLSPAN="2">Exhibits and Reports of Form 8-K - None</TD></TR></TABLE>
<BR>
<BR>
<P><CENTER>====END OF PAGE 11====</CENTER></P>
<BR>
<BR>
<BR>
<BR>
<CENTER>FORM 10-QSB</CENTER>
<CENTER>TAYLOR DEVICES, INC.</CENTER>
<BR>
<BR>
<P>SIGNATURES</P>


<P>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.</P>
<BR>
<BR>
<BR>
<BR>
<TABLE WIDTH="100%">
<TR VALIGN="BOTTOM"><TD><U>TAYLOR DEVICES, INC.</U></TD></TR>
<TR VALIGN="TOP"><TD>(Registrant)</TD></TR></TABLE>
<BR>
<BR>
<BR>
<BR>
<TABLE WIDTH="100%">
<TR VALIGN="TOP"><TD>By</TD>
<TD><U>/s/Douglas P. Taylor</U></TD>
<TD></TD>
<TD>Date</TD>
<TD><U>January 12, 1999</U></TD></TR>
<TR VALIGN="TOP"><TD></TD>
<TD>Douglas P. Taylor
Chairman of the Board of Directors
<BR>
President
<BR>
(Principal Executive Officer)</TD>
<TD></TD>
<TD></TD>
<TD></TD></TR></TABLE>
</P>
<BR>
<P>		AND</P>
<BR>
<TABLE WIDTH="100%">
<TR VALIGN="TOP"><TD>By</TD>
<TD><U>/s/Kenneth G. Bernstein</U></TD>
<TD></TD>
<TD>Date</TD>
<TD><U>January 12, 1999</U></TD></TR>
<TR VALIGN="TOP"><TD></TD>
<TD>Kenneth G. Bernstein
Chief Accounting Officer
<BR>
Treasurer
<BR>
<TD></TD>
<TD></TD>
<TD></TD></TR></TABLE></P>
<BR>
<BR>
<P><CENTER>====END OF PAGE 12====</P>
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