UNITED STATES
                    SECURITIES AND EXCHANGE COMMISSION
                          Washington, DC 20549

                                FORM 10-Q
Mark one)
[X]  QUARTERLY EXCHANGE REPORT PURSUANT TO SECTION 13 OR 15(d)
     OF THE SECURITIES EXCHANGE ACT OF 1934

      For the quarterly period ended September 30, 2000
                                   or

[ ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
     SECURITIES EXCHANGE ACT OF 1934

         For the transition period from   to
         Commission File Number  1-8120

                          BAIRNCO CORPORATION
         (Exact name of registrant as specified in its charter)

             Delaware                         13-3057520
       (State or other jurisdiction of       (IRS Employer
       incorporation or organization)         Identification No.)

      300 Primera Boulevard, Suite 432, Lake Mary, FL 32746
      (Address of principal executive offices)       (Zip Code)

                        (407) 875-2222
          (Registrant's telephone number, including area code)


     (Former name, former address and former fiscal year, if changed
                           since last report)

Indicate  by check mark whether the registrant (1) has filed  all
reports  required  to be filed by Section  13  or  15(d)  of  the
Securities  Exchange Act of 1934 during the preceding  12  months
(or  for such shorter period that the registrant was required  to
file  such  reports),  and (2) has been subject  to  such  filing
requirements for the past 90 days.  Yes   X      No

           (APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
               PROCEEDING DURING THE PRECEDING FIVE YEARS)

Indicate  by  check  mark whether the registrant  has  filed  all
documents and reports required to be filed by Sections 12, 13, or
15(d)  of the Securities Exchange Act of 1934 subsequent  to  the
distribution of securities under a plan confirmed by a court.
Yes      No

                 (APPLICABLE ONLY TO CORPORATE ISSUERS)

Indicate  the  number  of  shares outstanding  of  each  issuer's
classes of common stock, as of the latest practicable date.

7,450,884 shares of Common Stock Outstanding as of October 27, 2000.


"Safe Harbor" Statement under the Private Securities Reform Act of 1995

Certain  of  the  statements contained in this  Quarterly  Report
(other than the financial statements and statements of historical
fact), including, without limitation, statements as to management
expectations   and   beliefs   presented   under   the    caption
"Management's Discussion and Analysis of Financial Condition  and
Results of Operations", are forward-looking statements.  Forward-
looking  statements are made based upon management's expectations
and  belief  concerning future developments and  their  potential
effect  upon  the  Corporation.  There can be no  assurance  that
future  developments  will  be  in accordance  with  management's
expectations  or  that the effect of future developments  on  the
Corporation will be those anticipated by management.

The  Corporation  wishes to caution readers that the  assumptions
which  form the basis for forward-looking statements with respect
to  or  that may impact earnings for the year ended December  31,
2000  and  thereafter include many factors that  are  beyond  the
Corporation's  ability  to control or estimate  precisely.  These
risks  and  uncertainties include, but are not  limited  to,  the
costs  and  other effects of legal and administrative  cases  and
proceedings,  settlements  and  investigations;  changes  in  the
pricing  of  the products of the Corporation or its  competitors;
the  market  demand and acceptance of the Corporation's  existing
and new products; the impact of competitive products; changes  in
the  market for raw or packaging materials which could impact the
Corporation's  manufacturing costs; changes in the  product  mix;
the loss of a significant customer or supplier; production delays
or  inefficiencies;  the ability to achieve  anticipated  revenue
growth,  synergies  and  other cost savings  in  connection  with
acquisitions;  disruptions in operations due to  labor  disputes;
the  costs  and  other  effects of complying  with  environmental
regulatory  requirements; losses due to natural  disasters  where
the   Corporation   is  self-insured  and  changes   in   US   or
international economic or political conditions, such as inflation
or fluctuations in interest or foreign exchange rates.

While the Corporation periodically reassesses material trends and
uncertainties  affecting the Corporation's results of  operations
and  financial  condition in connection with its  preparation  of
management's  discussion and analysis contained in its  quarterly
reports, the Corporation does not intend to review or revise  any
particular forward-looking statement referenced herein  in  light
of future events.

PART I - FINANCIAL INFORMATION

Item 1: FINANCIAL STATEMENTS





                  BAIRNCO CORPORATION AND SUBSIDIARIES
               CONSOLIDATED CONDENSED STATEMENTS OF INCOME
      FOR THE QUARTERS ENDED SEPTEMBER 30, 2000 AND OCTOBER 2, 1999
                               (Unaudited)



                                                          2000          1999

Net sales                                              $ 46,781,000  $42,130,000
  Cost of sales                                          32,189,000   28,945,000
Gross profit                                             14,592,000   13,185,000
  Selling and administrative expenses                    10,732,000    9,768,000
Operating profit                                          3,860,000    3,417,000
  Interest expense, net                                     916,000      516,000
Income before income taxes                                2,944,000    2,901,000
  Provision for income taxes                                971,000      888,000
Net income                                             $  1,973,000  $ 2,013,000

Earnings Per Share of Common Stock (Note 2):
  Basic                                                $       0.26  $      0.25
  Diluted                                              $       0.26  $      0.25

Weighted Average Number of Shares Outstanding:
  Basic                                                   7,513,000    7,895,000
  Diluted                                                 7,638,000    8,020,000

Dividends per share of common stock                    $       0.05  $      0.05

























The accompanying notes are an integral part of these financial statements.



                  BAIRNCO CORPORATION AND SUBSIDIARIES
               CONSOLIDATED CONDENSED STATEMENTS OF INCOME
    FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2000 AND OCTOBER 2, 1999
                               (Unaudited)



                                                          2000          1999

Net sales                                             $ 141,360,000 $127,445,000
  Cost of sales                                          95,092,000   85,526,000
Gross profit                                             46,268,000   41,919,000
  Selling and administrative expenses                    33,273,000   30,474,000
Operating profit                                         12,995,000   11,445,000
  Interest expense, net                                   2,543,000    1,598,000
Income before income taxes                               10,452,000    9,847,000
  Provision for income taxes                              3,449,000    3,250,000
Net income                                            $   7,003,000  $ 6,597,000

Earnings Per Share of Common Stock (Note 2):
  Basic                                               $        0.92  $      0.82
  Diluted                                             $        0.91  $      0.82

Weighted Average Number of Shares Outstanding:
  Basic                                                   7,626,000    8,005,000
  Diluted                                                 7,737,000    8,073,000

Dividends per share of common stock                  $         0.15  $      0.15

























The accompanying notes are an integral part of these financial statements.



                  BAIRNCO CORPORATION AND SUBSIDIARIES
             CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
      FOR THE QUARTERS ENDED SEPTEMBER 30, 2000 AND OCTOBER 2, 1999
                               (Unaudited)
                                 Note 3


                                                          2000          1999

Net income                                            $ 1,973,000    $ 2,013,000
Other comprehensive income, net of tax:
  Foreign currency translation adjustment                (361,000)       246,000
Comprehensive income                                  $ 1,612,000    $ 2,259,000









































The accompanying notes are an integral part of these financial statements.


                  BAIRNCO CORPORATION AND SUBSIDIARIES
             CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
    FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2000 AND OCTOBER 2, 1999
                               (Unaudited)
                                 Note 3


                                                           2000         1999

Net income                                            $ 7,003,000   $ 6,597,000
Other comprehensive income, net of tax:
  Foreign currency translation adjustment                (717,000)     (270,000)
Comprehensive income                                  $ 6,286,000    $6,327,000









































The accompanying notes are an integral part of these financial statements.


                  BAIRNCO CORPORATION AND SUBSIDIARIES
                  CONSOLIDATED CONDENSED BALANCE SHEETS
             AS OF SEPTEMBER 30, 2000 AND DECEMBER 31, 1999
                              (Unaudited)
                                                          2000          1999
ASSETS
Current Assets:
Cash and cash equivalents                             $   745,000     $ 660,000
Accounts receivable, less allowances of
  $1,590,000 and $1,136,000, respectively              34,048,000    29,107,000
Inventories (Note 5)                                   28,570,000    25,204,000
Deferred income taxes                                   4,451,000     4,598,000
Other current assets                                    2,194,000     3,640,000
       Total current assets                            70,008,000    63,209,000
Plant and equipment, at cost                          115,672,000   101,672,000
Less - Accumulated depreciation                       (67,995,000)  (61,990,000)
  Plant and equipment, net                             47,677,000    39,682,000
Cost in excess of net assets of purchased
  businesses (Note 6)                                  12,791,000    11,822,000
Other assets                                            5,141,000     4,432,000
                                                    $ 135,617,000 $ 119,145,000

LIABILITIES & STOCKHOLDERS' INVESTMENT
Current Liabilities:
Short-term debt                                      $  5,256,000   $ 4,692,000
Accounts payable                                       12,465,000    10,719,000
Accrued expenses (Note 7)                              14,367,000    14,542,000
       Total current liabilities                       32,088,000    29,953,000

Long-term debt                                         40,834,000    26,591,000
Deferred income taxes                                   6,442,000     5,459,000
Other liabilities                                       3,586,000     6,975,000
Stockholders' Investment:
  Preferred stock, par value $.01, 5,000,000 shares
      authorized, none issued                               --              --
  Common stock, par value $.01, 30,000,000 shares
      authorized, 11,248,849 and 11,198,849 shares
      issued, respectively                                112,000       112,000
  Paid-in capital                                      49,485,000    49,235,000
  Retained earnings                                    35,582,000    29,719,000
  Accumulated other comprehensive income (Note 3)         512,000     1,229,000
  Treasury stock, at cost, 3,797,965 and 3,402,065
    shares, respectively                              (33,024,000)  (30,128,000)
       Total stockholders' investment                  52,667,000    50,167,000
                                                     $135,617,000  $119,145,000








The accompanying notes are an integral part of these financial statements.



                  BAIRNCO CORPORATION AND SUBSIDIARIES
             CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS
    FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2000 AND OCTOBER 2, 1999
                               (Unaudited)

                                                           2000         1999
Cash Flows from Operating
Activities:
    Net income                                         $ 7,003,000  $ 6,597,000
    Adjustments to reconcile to net cash provided by
      Operating activities:
       Depreciation and amortization                     6,985,000    5,578,000
       (Gain) loss on disposal of plant and equipment      (14,000)      75,000
       Deferred income taxes                             1,130,000        6,000
       Change in current assets and liabilities:
        (Increase)decrease in accounts receivable       (4,332,000)  (3,596,000)
        (Increase)decrease in inventories               (2,575,000)   1,523,000
        Decrease (increase)in other current assets       1,420,000     (989,000)
        Increase in accounts payable                       440,000    1,916,000
        (Decrease)in accrued expenses                       83,000      902,000
       Other                                            (3,127,000)  (1,091,000)
      Net cash provided by operating activities          7,013,000    10,921,00

Cash Flows from Investing Activities:
   Capital expenditures                                 (4,798,000)  (4,354,000)
   Proceeds from sale of plant and equipment                61,000        2,000
   Payment for purchased business, net of cash
      acquired                                         (13,337,000)       --
      Net cash (used in) investing activities          (18,074,000)  (4,352,000)

Cash Flows from Financing Activities:
   Net borrowings (repayments)of external debt          15,072,000   (2,991,000)
   Payment of dividends                                 (1,140,000)  (1,201,000)
   Purchase of treasury stock                           (2,896,000)  (2,233,000)
   Exercise of stock options                               250,000       70,000
      Net cash provided by (used in)financing
        activities                                       11,286,00   (6,355,000)

Effect of foreign currency exchange rate changes on
   Cash and cash equivalents                              (140,000)     (82,000)
Net increase in cash and cash equivalents                   85,000      132,000
Cash and cash equivalents, beginning of period             660,000      822,000
Cash and cash equivalents, end of period              $    745,000 $    954,000













The accompanying notes are an integral part of these financial statements.


                  BAIRNCO CORPORATION AND SUBSIDIARIES
          NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS
                           SEPTEMBER 30, 2000
                               (Unaudited)


(1) Basis of Presentation


The  accompanying  consolidated  condensed  financial  statements
include  the accounts of Bairnco Corporation and its subsidiaries
("Bairnco"  or  the "Corporation") after the elimination  of  all
material intercompany accounts and transactions.

The   unaudited   consolidated  condensed  financial   statements
included  herein  have been prepared pursuant to  the  rules  and
regulations of the Securities and Exchange Commission for interim
financial  reporting.   Certain financial  information  and  note
disclosures  which  are  normally included  in  annual  financial
statements   prepared  in  accordance  with  generally   accepted
accounting principles have been condensed or omitted pursuant  to
those  rules  and regulations, although management believes  that
the  disclosures  made  are  adequate  to  make  the  information
presented  not  misleading.  Management  believes  the  financial
statements  include  all adjustments of a  normal  and  recurring
nature necessary to present fairly the results of operations  for
all interim periods presented.

The  quarterly financial statements should be read in conjunction
with   the  December  31,  1999  audited  consolidated  financial
statements.   The  consolidated results  of  operations  for  the
quarter  and nine-month period ended September 30, 2000  are  not
necessarily indicative of the results of operations for the  full
year.


(2) Earnings per Common Share

Earnings  per  share  data  is  based  on  net  income  and   not
comprehensive  income.  Statements regarding the  computation  of
earnings per share for the quarters and nine month periods  ended
September  30, 2000 and October 2, 1999 are included  as  Exhibit
11.1 and Exhibit 11.2, respectively, to this Quarterly Report  on
Form 10-Q.

Basic  earnings  per common share were computed by  dividing  net
income   by   the  weighted  average  number  of  common   shares
outstanding during the period.  Diluted earnings per common share
include the effect of all dilutive stock options.






(3) Comprehensive Income

Comprehensive income includes net income as well as certain other
transactions  shown as changes in stockholders' investment.   For
Bairnco, comprehensive income includes net income plus the change
in  net  asset  values  of  foreign  divisions  as  a  result  of
translating the local currency values of net assets to US dollars
at  varying  exchange  rates.   Accumulated  other  comprehensive
income   consists   solely   of  foreign   currency   translation
adjustments.   There  are currently no tax expenses  or  benefits
associated with the foreign currency translation adjustments.

(4) Financial Instruments

Statement  of Financial Accounting Standards No. 133  ("SFAS  No.
133")   "Accounting  for  Derivative  Instruments   and   Hedging
Activities",  as  amended  by Statement of  Financial  Accounting
Standards  No. 138 "Accounting for Certain Derivative Instruments
and  Certain Hedging Activities - an Amendment of FASB  Statement
No.  133",  establishes  accounting and reporting  standards  for
derivative instruments and for hedging activities.  Statement  of
Financial Accounting Standards No. 137 "Accounting for Derivative
Instruments  and Hedging Activities -- Deferral of the  Effective
Date  of FASB Statement No. 133 -- an Amendment of FASB Statement
No. 133", defers the effective date of SFAS No. 133 until January
2001  for the Corporation.  Based on its current limited  use  of
derivatives,  the  Company  expects no  material  impact  on  its
financial  condition or results of operations  upon  adoption  of
SFAS No. 133 on January 1, 2001.

(5) Inventories

Inventories consisted of the following as of September  30,  2000
and December 31, 1999:

                                          2000           1999

     Raw materials and supplies      $  6,672,000   $  5,986,000
     Work in process                    8,662,000      8,574,000
     Finished goods                    13,236,000     10,644,000
          Total inventories          $ 28,570,000   $ 25,204,000


(6) Cost in Excess of Net Assets of Purchased Businesses

Cost  in  excess  of net assets of purchased businesses  acquired
prior  to  1971  of  approximately  $3.5  million  is  not  being
amortized since, in the opinion of management, there has been  no
diminution in value.  For businesses acquired subsequent to 1970,
the  cost  in  excess  of  net assets  of  purchased  businesses,
aggregating $11,542,000 and $10,298,000 at September 30, 2000 and
December  31,  1999,  respectively, is being  amortized  over  40
years.   Accumulated  amortization  at  September  30,  2000  and
December 31, 1999, was $2,238,000 and $1,964,000, respectively.



(7) Accrued Expenses

Accrued  expenses consisted of the following as of September  30,
2000 and December 31, 1999:
                                          2000           1999

     Salaries and wages              $  2,550,000   $  3,114,000
     Income taxes                         133,000        550,000
     Insurance                          3,154,000      3,581,000
     Litigation                         1,980,000      2,588,000
     Other accrued expenses             6,550,000      4,709,000
          Total accrued expenses     $ 14,367,000   $ 14,542,000

Accrued  expenses-litigation: The  Corporation  accrues  for  the
estimated   costs  to  defend  existing  lawsuits,   claims   and
proceedings where it is probable that it will incur such costs in
the  future. These non-discounted accruals are management's  best
estimate  of the most likely cost to defend the litigation  based
on  discussions  with counsel.  Such estimates are  reviewed  and
evaluated  in  light of ongoing experiences and expectations  and
could substantially exceed the current best estimates which would
have a material impact on the results of operations of the period
in  which  the  change in estimate was recorded. Any  changes  in
estimates  from this review process are reflected  in  operations
currently.

In the fourth quarter of 1998, Bairnco recorded a $7,500,000 pre-
tax  provision  for  litigation costs.  The litigation  provision
added  to  the existing reserves for asbestos-related  litigation
expenditures  due  to  a  change in the estimate  to  defend  the
Transaction   Lawsuit  (refer  to  Part  II,   Item   1.   "Legal
Proceedings"  of  this  filing).   Through  September  30,  2000,
approximately  $5.3  million  had  been  spent.   The   remaining
litigation reserves included in accrued expenses and other  long-
term  liabilities  in  the Corporation's  consolidated  condensed
balance  sheet, and the related time frame for spending assume  a
vigorous  defense of the case through discovery, summary judgment
motions and trial at the end of 2002.

Accrued expenses-insurance: Accrued expenses-insurance represents
the  estimated  costs of known and anticipated  claims under  the
Corporation's general  liability, automobile liability,  property
and workers compensation  insurance  policies for  all  of its US
operations.  The Corporation provides reserves on reported claims
and claims incurred but not  reported at each  balance sheet date
based upon the estimated amount of  the  probable  claim  or  the
amount of the deductible, whichever is lower.  Such estimates are
reviewed and evaluated in light of emerging claim experience  and
existing  circumstances.   Any changes  in  estimates  from  this
review process are reflected in operations currently.

(8) Reportable Segment Data

Bairnco's  segment  disclosures are prepared in  accordance  with
Statement  of Financial Accounting Standards No. 131.  There  are
no  differences  to  the  1999 annual  report  in  the  basis  of
segmentation or in the basis of measurement of segment profit  or
loss   included   herein.    Financial  information   about   the
Corporation's  operating segments for the third quarter  of  2000
and 1999 as required under SFAS 131 is as follows:

2000                           Net Sales        Operating Profit (Loss)
Arlon                          $36,890,000      $4,982,000
Kasco                            9,891,000        (213,000)
Headquarters                       --             (909,000)
                               $46,781,000      $3,860,000


1999                           Net Sales        Operating Profit (Loss)
Arlon                          $30,222,000      $3,751,000
Kasco                           11,908,000         794,000
Headquarters                       --           (1,128,000)
                               $42,130,000      $3,417,000

Financial information about the Corporation's operating  segments
for  the  nine-month periods ended September 30, 2000 and October
2, 1999 as required by SFAS 131 is as follows:

2000                           Net Sales        Operating Profit (Loss)
Arlon                          $108,983,000     $15,130,000
Kasco                            32,377,000         676,000
Headquarters                        --           (2,811,000)
                               $141,360,000     $12,995,000

1999                           Net Sales        Operating Profit (Loss)
Arlon                          $90,537,000      $11,737,000
Kasco                           36,908,000        2,889,000
Headquarters                       --            (3,181,000)
                              $127,445,000      $11,445,000

The  total  assets of the segments as of September 30,  2000  and
December 31, 1999 are as follows:

                                 2000             1999
Arlon                         $ 88,432,000      $ 69,915,000
Kasco                           38,713,000        39,294,000
Headquarters                     8,472,000         9,936,000
                             $ 135,617,000       119,145,000

(9) Acquisition

On  February  16, 2000, Bairnco purchased certain assets  of  the
materials  business  ("Signtech")  of  Signtech  USA,  Ltd.   for
approximately  $14.5 million.  $2.0 million of  this  amount  was
placed in escrow subject to final audit of the acquired inventory
and accounts receivable. The purchase of Signtech was funded with
long-term  debt.  Signtech manufactures and distributes  flexible
reinforced  vinyl  materials used as the  substrate  in  flexible
faced sign systems. Signtech's products are sold primarily  on  a
specification  basis  for  corporate  specified  programs   using
various  striping,  heat transfer and screen print  applications.
Signtech's  sales  for  the year ended  December  31,  1999  were
approximately  $16.0 million.  The transaction was accounted  for
as a purchase and, accordingly, the operating results of Signtech
have  been  included in the Corporation's consolidated  financial
statements since the date of acquisition.  The purchase price was
allocated  to  the assets acquired based on their estimated  fair
values.

During  the  second quarter 2000, $645,000 of the purchase  price
was  refunded from escrow based on the determined values  of  the
acquired  inventory and accounts receivable.   During  the  third
quarter   of  2000,  the  Corporation  adjusted  the  preliminary
purchase  price  allocation by adding an additional  $600,000  to
cost  in excess of net assets of purchased businesses related  to
overvalued inventory.

 (10) Contingencies

Bairnco  Corporation  and  its  subsidiaries  are  defendants  in
certain legal actions which are discussed more fully in Part  II,

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

The  following discussion should be read in conjunction with  the
accompanying  Consolidated  Condensed  Financial  Statements  and
related  notes and with Bairnco's Audited Consolidated  Financial
Statements  and  related notes for the year  ended  December  31,
1999.

Bairnco  Corporation is a diversified multinational company  that
operates two distinct businesses under the names Arlon and Kasco.

Engineered  materials  and components are designed,  manufactured
and sold under the Arlon brand identity to electronic, industrial
and  commercial  markets.  These products  are  based  on  common
technologies  in  coating, laminating,  polymers  and  dispersion
chemistry.   Arlon's principal products include high  performance
materials  for  the  printed circuit  board  industry,  cast  and
calendered  vinyl film systems, custom-engineered laminates,  and
calendered and extruded silicone rubber insulation products  used
in a broad range of industrial, consumer and commercial products.

Replacement   products   and  services   are   manufactured   and
distributed  under  the  Kasco name principally  to  retail  food
stores  and  meat, poultry and fish processing plants  throughout
the  United  States,  Canada and Europe.  The principal  products
include replacement band saw blades for cutting meat, fish,  wood
and metal, on site maintenance services, and seasonings for ready-
to-cook foods for the retail food industry primarily in the  meat
and  deli departments.  Kasco also distributes equipment  to  the
food industry in Canada and France. These products are sold under
a  number of brand names including Kasco in the United States and
Canada,  Atlantic Service in the United Kingdom,  and  Bertram  &
Graf and Biro in Continental Europe.


Comparison of Third Quarter 2000 to Third Quarter 1999

Sales in the third quarter 2000 were $46,781,000, an increase  of
11.0% from $42,130,000 in 1999. Arlon's sales of $36,890,000 were
up  22.1%  from last year due to the strength of the  electronics
and  electrical  markets and the inclusion of the  first  quarter
2000 acquisition.  Kasco's sales decreased 16.9% to $9,891,000 as
compared  to  the third quarter of 1999.  Kasco's  US  operations
continued   to   experience  significant  competitive   pressures
resulting  in  lost  sales and overall reduced  pricing.  Kasco's
European  operations also reported reduced operating results  due
to  the negative currency translation impact of the strong dollar
and  reduced  meat consumption.  As a result, the  Kasco  segment
reported a loss for the third quarter of 2000. Kasco began making
changes to its structure during the second and third quarters  of
2000 to reduce costs.

Gross profit increased 10.7% to $14,592,000 from $13,185,000  due
to  the increased sales.  The gross profit margin as a percent of
sales decreased slightly to 31.2% from 31.3%.

Selling and administrative expenses increased 9.9% to $10,732,000
from   $9,768,000.   As   a  percent  of   sales,   selling   and
administrative expenses decreased to 22.9% from 23.2%.

Net interest expense increased to $916,000 in 2000 as compared to
$516,000 in 1999 due to higher average borrowings resulting  from
the first quarter 2000 acquisition and the continuing program  to
repurchase  Bairnco  common stock, and  higher  average  interest
rates.

Income  before  income taxes increased 1.5%  to  $2,944,000  from
$2,901,000.  However, due to a 33.0% effective tax rate  in  this
third  quarter  as  compared to 30.6% in the third  quarter  last
year,  net  income decreased 2.0% to $1,973,000  as  compared  to
$2,013,000  in  the  third quarter of 1999.   The  provision  for
income  taxes  in  both periods includes all applicable  federal,
state, local, and foreign income taxes.

Diluted  earnings per common share increased 4.0%  to  $.26  from
$.25 as a result of the reduced number of shares outstanding.

Comparison of First Nine Months 2000 to First Nine Months 1999

Sales  for  the  first  nine months of  2000  were  up  10.9%  to
$141,360,000  from  $127,445,000 in 1999  due  primarily  to  the
strength of the electronics market and the Signtech acquisition.

Gross  profit increased 10.4% to $46,268,000 from $41,919,000  in
the  first  nine months of 1999.  The gross profit  margin  as  a
percent of sales decreased slightly to 32.7% from 32.9%.

Selling and administrative expenses increased 9.2% to $33,273,000
from   $30,474,000.    As  a  percent  of  sales,   selling   and
administrative expenses decreased to 23.5% from 23.9%.


Net  interest  expense  increased to $2,543,000  as  compared  to
$1,598,000  in  the first nine months of 1999. The effective  tax
rate  for  the  first nine months of 2000 and 1999 was  33%.  The
provision   for  income  taxes  in  both  periods  includes   all
applicable federal, state, local, and foreign income taxes.

Net  income  increased  6.2% to $7,003,000  from  $6,597,000  and
diluted  earnings per common share increased 11.0% to  $.91  from
$.82 in 1999.

Acquisition

On  February  16, 2000, Bairnco purchased certain assets  of  the
materials  business  ("Signtech")  of  Signtech  USA,  Ltd.   for
approximately  $14.5 million.  $2.0 million of  this  amount  was
placed in escrow subject to final audit of the acquired inventory
and accounts receivable. The purchase of Signtech was funded with
long-term  debt.  Signtech manufactures and distributes  flexible
reinforced  vinyl  materials used as the  substrate  in  flexible
faced sign systems. Signtech's products are sold primarily  on  a
specification  basis  for  corporate  specified  programs   using
various  striping,  heat transfer and screen print  applications.
Signtech's  sales  for  the year ended  December  31,  1999  were
approximately  $16.0 million.  The transaction was accounted  for
as a purchase and, accordingly, the operating results of Signtech
have  been  included in the Corporation's consolidated  financial
statements since the date of acquisition.  The purchase price was
allocated  to  the assets acquired based on their estimated  fair
values.

During  the  second quarter 2000, $645,000 of the purchase  price
was  refunded from escrow based on the determined values  of  the
acquired  inventory and accounts receivable.   During  the  third
quarter   of  2000,  the  Corporation  adjusted  the  preliminary
purchase  price  allocation by adding an additional  $600,000  to
cost  in excess of net assets of purchased businesses related  to
overvalued inventory.

Dividend

The  third  quarter cash dividend of $.05 per share was  paid  on
September  28,  2000 to stockholders of record  on  September  5,
2000.

Liquidity and Capital Resources

At  September  30,  2000, Bairnco had working  capital  of  $37.9
million  compared  to $33.3 million at December  31,  1999.   The
increase in accounts receivable is due to the increased sales  in
the  third quarter of 2000 versus the fourth quarter of 1999  and
the   impact  of  the  Signtech  acquisition.  The  increase   in
inventories  is  primarily related to the  Signtech  acquisition.
Other  current  assets are down with the collection  of  the  tax
receivable  in  the  first  quarter of  2000.   The  increase  in
accounts  payable is consistent with the impact of  the  Signtech
acquisition and the timing of payments to vendors.

During  the third quarter Bairnco repurchased 116,900  shares  of
its  common  stock  at  a total cost of $882,000.   Total  shares
repurchased  during the first nine months of 2000  were  395,900.
The  Board  has  authorized  management  to  continue  its  stock
repurchase  program  subject  to market  conditions  and  capital
requirements of the business.

At  September  30,  2000, Bairnco's total  debt  outstanding  was
$46,090,000  compared to $31,283,000 at the  end  of  1999.   The
increase  was  primarily due to the acquisition of  Signtech.  At
September 30, 2000 approximately $26.7 million was available  for
borrowing  under  the  Corporation's secured  reducing  revolving
credit  agreement,  as amended.  In addition, approximately  $3.2
million  was  available  under various  short-term  domestic  and
foreign uncommitted credit facilities.

Bairnco  made  approximately $1.1 million of capital expenditures
during  the  third  quarter of 2000 bringing  the  total  capital
expenditures  for the first nine months of 2000 to  approximately
$4.8 million. Total capital expenditures for 2000 are expected to
approximate $7.0 million.

Cash  provided by operating activities plus the amounts available
under   the  existing  credit  facilities  are  expected  to   be
sufficient to fulfill Bairnco's anticipated cash requirements  in
2000.

Year 2000 Date Conversion

During  the  first nine months of 2000, the Corporation  did  not
experience  any  disruption in its operations due  to  Year  2000
issues  with its computer software programs and operating systems
or its interface with key suppliers and vendors.

Other Matters

Bairnco  Corporation  and its subsidiaries are  defendants  in  a
number  of  legal actions and proceedings which are discussed  in
more  detail  in  Part II, Item 1 ("Legal Proceedings")  of  this
filing.   Management of Bairnco believes that the disposition  of
these  actions  and proceedings will not have a material  adverse
effect on the consolidated results of operations or the financial
position  of  Bairnco  Corporation and  its  subsidiaries  as  of
September 30, 2000.

Outlook

For  the remainder of 2000, while we anticipate continued  growth
in  Arlon's markets and contributions from new products  and  the
Signtech  acquisition, the strong U.S. dollar will again  have  a
negative impact on our sales and earnings.   This is due both  to
the  effect of exchange rates on our foreign sales and  earnings,
as  well  as  price  reductions to remain competitive  in  export
markets.   Kasco is expected to report additional losses  in  the
fourth quarter as it reengineers its business to meet the changes
in  its  market  place.  Based on the operating results  for  the
first  nine months of 2000 and the trend of the business entering
the  fourth quarter, we expect the consolidated results for  2000
to reflect another year of growth.



Item 3: QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

The interest on the Corporation's bank debt is floating and based
on  prevailing market interest rates. For market rate based debt,
interest rate changes generally do not affect the market value of
the debt but do impact future interest expense and hence earnings
and  cash  flows,  assuming other factors  remain  unchanged.   A
theoretical one-percentage point change in market rates in effect
on  September 30, 2000 would increase interest expense and  hence
reduce  the  net  income  of  the  Corporation  by  approximately
$310,000 per year.

The Corporation's fiscal third quarter 2000 sales denominated  in
a  currency other than U.S. dollars were approximately  10.3%  of
total  sales  and net assets maintained in a functional  currency
other  than U.S. dollars at September 30, 2000 were approximately
16.4%  of  total  net assets. The effects of changes  in  foreign
currency exchange rates has not historically been significant  to
the Corporation's operations or net assets.


PART II - OTHER INFORMATION

Item 1: LEGAL PROCEEDINGS

Bairnco  and  its  subsidiaries are among  the  defendants  in  a
lawsuit  pending  in  the U.S. District Court  for  the  Southern
District of New York (the "Transactions Lawsuit") in which it  is
alleged  that Bairnco and others are derivatively liable for  the
asbestos-related  claims  against its  former  subsidiary,  Keene
Corporation   ("Keene").   The  plaintiffs  in  the  Transactions
Lawsuit  are  the  trustees of Keene Creditors Trust  ("KCT"),  a
successor  in  interest  to Keene.  In the  Transactions  Lawsuit
complaint, the KCT alleges that certain sales of assets by  Keene
to  other subsidiaries of Bairnco were fraudulent conveyances and
otherwise  violative of state law, as well as being violative  of
the  civil  RICO statute, 18 U.S.C. Section 1964.  The  complaint
seeks  compensatory  damages of $700 million, interest,  punitive
damages,  and  trebling of the compensatory damages  pursuant  to
civil  RICO.   In  a series of decisions that remain  subject  to
appeal,  the  court has dismissed plaintiff's civil RICO  claims;
dismissed  14  of the 21 defendants named in the  complaint;  and
partially  granted  defendants' motions for summary  judgment  on
statute of limitations grounds.  Discovery is now underway as  to
the  remaining  claims and defendants.  The court has  entered  a
scheduling  order  requiring  the  completion  of  all  discovery
(including  expert discovery) by January 18, 2002.  A trial  date
has  not  been set, but the Court has scheduled a conference  for
January 18, 2002, to determine dates for filing a pretrial order,
for  trial, and/or for any pretrial motions.  These dates  remain
subject to adjustment based upon the progress of discovery.

Keene was spun off in 1990, filed for relief under Chapter 11  of
the Bankruptcy Code in 1993, and emerged from Chapter 11 pursuant
to  a plan of reorganization approved in 1996 (the "Keene Plan").
The  Keene  Plan  provided  for the  creation  of  the  KCT,  and
transferred  the authority to prosecute the Transactions  Lawsuit
from  the  Official  Committee of Unsecured  Creditors  of  Keene
(which initiated the lawsuit in the Bankruptcy Court in 1995)  to
the  KCT.  The Keene Plan further provided that only the KCT, and
no other entity, can sue Bairnco in connection with the claims in
the Transactions Lawsuit complaint.  Therefore, although a number
of  other  asbestos-related personal injury and  property  damage
cases  against Bairnco nominally remain pending in courts  around
the   country,  it  is  expected  that  the  resolution  of   the
Transactions Lawsuit in substance will resolve all such claims.

Bairnco  also is the defendant in a separate action  by  the  KCT
(the  "NOL Lawsuit"), also pending in the United States  District
Court  for  the Southern District of New York, in which  the  KCT
seeks  the exclusive benefit of tax refunds attributable  to  the
carryback  by  Keene  of  certain  net  operating  losses   ("NOL
Refunds"),  notwithstanding certain provisions of applicable  tax
sharing  agreements  between Keene  and  Bairnco.  (As  with  the
Transactions  Lawsuit,  the  NOL  Lawsuit  was  commenced  during
Keene's Chapter 11 case and, pursuant to the Keene Plan, the  KCT
became  the  plaintiff in the lawsuit and the lawsuit  was  moved
from  the  Bankruptcy  Court  to the  District  Court.)   Pending
resolution of the NOL Lawsuit, any refunds actually received  are
to   be   placed   in  escrow.   Through  September   30,   2000,
approximately $28.5 million of NOL Refunds had been received  and
placed  in  escrow.   There can be no assurance  whatsoever  that
resolution of the NOL Lawsuit will result in the release  of  any
portion of the NOL Refunds to Bairnco.

Bairnco  and  its Arlon subsidiary ("Arlon") also are  among  the
defendants  in  a  third  action  by  the  KCT  (the  "Properties
Lawsuit"),  commenced December 8, 1998 and pending in the  United
States District Court for the Southern District of New York.   In
the  Properties  Lawsuit complaint, the KCT seeks  a  declaratory
judgment that it owns certain patents and real property purchased
by  Arlon  from  Keene  in 1989, based on  the  allegations  that
technical title to these assets was not conveyed at the  time  of
the  sale  and  that  no proof of claim specifically  referencing
these  assets was filed during Keene's Chapter 11  case.   In  an
answer and counterclaims, Bairnco and Arlon have denied the KCT's
claims and have requested a declaratory judgment that full  title
to  the  patents  and  real  property in  question  in  fact  was
transferred  to  Arlon at the time of the 1989 asset  sale.   The
Properties  Lawsuit  has  been transferred  to  the  Transactions
Lawsuit Judge for consolidated discovery and other proceedings.

Management believes that Bairnco has meritorious defenses to  all
claims or liability purportedly derived from Keene and that it is
not liable, as an alter ego, successor, fraudulent transferee  or
otherwise, for the asbestos-related claims against Keene or  with
respect to Keene products.


Bairnco  Corporation  and its subsidiaries are  defendants  in  a
number of other actions. Management of Bairnco believes that  the
disposition  of these other actions, as well as the  actions  and
proceedings  described above, will not have  a  material  adverse
effect on the consolidated results of operations or the financial
position  of  Bairnco  Corporation and  its  subsidiaries  as  of
September 30, 2000.

Item 2: CHANGES IN SECURITIES AND USE OF PROCEEDS

       None.

Item 3: DEFAULTS UPON SENIOR SECURITIES

       None.

Item 4: SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

       There  were  no  matters submitted to a vote  of  security
       holders during the third quarter of 2000.


Item 5: OTHER INFORMATION

       None.


Item 6(a): EXHIBITS

       Exhibit  11.1 - Calculation of Basic and Diluted  Earnings
       per  Share for the Quarters ended September 30,  2000  and
       October 2, 1999.

       Exhibit  11.2 - Calculation of Basic and Diluted  Earnings
       per  Share  for the Nine Months ended September  30,  2000
       and October 2, 1999.






                               SIGNATURES



Pursuant  to the requirements of the Securities Exchange  Act  of
1934,  Bairnco  has duly caused this report to be signed  on  its
behalf by the undersigned thereunto duly authorized.



                                              BAIRNCO CORPORATION
                                                     (Registrant)






                                             /s/ James W. Lambert
                                                 James W. Lambert
                             Vice President Finance and Treasurer
                                        (Chief Financial Officer)

DATE:  October 27, 2000

















                                EXHIBITS

                              TO FORM 10-Q

                            FOR QUARTER ENDED

                           September 30, 2000