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   July 1, 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.

7,567,784 shares of Common Stock Outstanding as of July 25, 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,
disruptions in operations due to labor disputes; changes  in  the
pricing  of  the products of the Corporation or its  competitors;
the costs and other effects of legal and administrative cases and
proceedings,  settlements  and  investigations;  the  ability  to
achieve  anticipated  revenue growth, synergies  and  other  cost
savings  in  connection with acquisitions; 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 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

<TABLE>

                  BAIRNCO CORPORATION AND SUBSIDIARIES
               CONSOLIDATED CONDENSED STATEMENTS OF INCOME
          FOR THE QUARTERS ENDED JULY 1, 2000 AND JULY 3, 1999
                               (Unaudited)


<CAPTION>

                                       2000          1999
<S>                                    <C>           <C>
Net sales                              $ 48,763,000  $ 42,653,000
  Cost of sales                          32,428,000    28,171,000
Gross profit                             16,335,000    14,482,000
  Selling and administrative expenses    11,623,000    10,461,000
Operating profit                          4,712,000     4,021,000
  Interest expense, net                     944,000       515,000
Income before income taxes                3,768,000     3,506,000
  Provision for income taxes              1,244,000     1,192,000
Net income                             $  2,524,000  $  2,314,000

Basic earnings per share of common
 stock (Note 2)                        $       0.33  $       0.29

Diluted earnings per share of common
 stock (Note 2)                        $       0.33  $       0.29

Dividends per share of common stock    $       0.05  $       0.05





The accompanying notes are an integral part of these financial
statements.
</TABLE>


<TABLE>

                  BAIRNCO CORPORATION AND SUBSIDIARIES
               CONSOLIDATED CONDENSED STATEMENTS OF INCOME
         FOR THE SIX MONTHS ENDED JULY 1, 2000 AND JULY 3, 1999
                               (Unaudited)


<CAPTION>
                                       2000          1999
<S>                                    <C>           <C>
Net sales                              $ 94,579,000  $ 85,315,000
  Cost of sales                          62,903,000    56,581,000
Gross profit                             31,676,000    28,734,000
  Selling and administrative expenses    22,541,000    20,706,000
Operating profit                          9,135,000     8,028,000
  Interest expense, net                   1,627,000     1,082,000
Income before income taxes                7,508,000     6,946,000
  Provision for income taxes              2,478,000     2,362,000
Net income                             $  5,030,000  $  4,584,000

Basic earnings per share of common
 stock (Note 2)                        $       0.65  $       0.57

Diluted earnings per share of common
 stock (Note 2)                        $       0.65  $       0.57

Dividends per share of common stock    $       0.10  $       0.10



The accompanying notes are an integral part of these financial
statements.
</TABLE>


                  BAIRNCO CORPORATION AND SUBSIDIARIES
             CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
          FOR THE QUARTERS ENDED JULY 1, 2000 AND JULY 3, 1999
                               (Unaudited)
                                 Note 3


                                            2000            1999

Net income                                  $  2,524,000    $  2,314,000
Other comprehensive income, net of tax:
  Foreign currency translation adjustment       (129,000)       (181,000)
Comprehensive income                        $  2,395,000    $  2,133,000





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



                  BAIRNCO CORPORATION AND SUBSIDIARIES
             CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
         FOR THE SIX MONTHS ENDED JULY 1, 2000 AND JULY 3, 1999
                               (Unaudited)
                                 Note 3


                                            2000           1999

Net income                                  $  5,030,000   $  4,584,000
Other comprehensive income, net of tax:
  Foreign currency translation adjustment       (356,000)      (516,000)
Comprehensive income                        $  4,674,000   $  4,068,000





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


                  BAIRNCO CORPORATION AND SUBSIDIARIES
                  CONSOLIDATED CONDENSED BALANCE SHEETS
                AS OF JULY 1, 2000 AND DECEMBER 31, 1999

                                             (Unaudited)
                                              2000          1999
ASSETS
Current Assets:
Cash and cash equivalents                     $    572,000  $    660,000
Accounts receivable, less allowances of
  $1,498,000 and $1,136,000, respectively       34,467,000    29,107,000
Inventories (Note 4)                            30,233,000    25,204,000
Deferred income taxes                            4,452,000     4,598,000
Other current assets                             2,422,000     3,640,000
       Total current assets                     72,146,000    63,209,000

Plant and equipment, at cost                   114,969,000   101,672,000
Less - Accumulated depreciation                (65,931,000)  (61,990,000)
  Plant and equipment, net                      49,038,000    39,682,000
Cost in excess of net assets of purchased
 businesses (Note 5)                            12,371,000    11,822,000
Other assets                                     4,858,000     4,432,000
                                              $138,413,000  $119,145,000

LIABILITIES & STOCKHOLDERS' INVESTMENT
Current Liabilities:
Short-term debt                               $  4,185,000  $  4,692,000
Accounts payable                                13,646,000    10,719,000
Accrued expenses (Note 6)                       14,782,000    14,542,000
       Total current liabilities                32,613,000    29,953,000

Long-term debt                                  42,447,000    26,591,000
Deferred income taxes                            6,449,000     5,459,000
Other liabilities                                4,594,000     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                               49,494,000    49,235,000
  Retained earnings                             33,973,000    29,719,000
  Accumulated other comprehensive income
   (Note 3)                                        873,000     1,229,000
  Treasury stock, at cost, 3,681,065 and
   3,402,065 shares, respectively              (32,142,000)  (30,128,000)
       Total stockholders' investment           52,310,000    50,167,000
                                              $138,413,000  $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 SIX MONTHS ENDED JULY 1, 2000 AND JULY 3, 1999
                               (Unaudited)

                                              2000          1999
Cash Flows from Operating Activities:
Net income                                    $  5,030,000  $  4,584,000
Adjustments to reconcile to net cash
 provided by operating activities:
  Depreciation and amortization                  4,502,000     3,688,000
  (Gain) loss on disposal of plant and
   equipment                                        (6,000)       25,000
  Deferred income taxes                          1,136,000       226,000
  Change in current assets and liabilities:
   (Increase) in accounts receivable            (4,506,000)   (1,396,000)
   (Increase) decrease in inventories           (3,382,000)      392,000
   Decrease (increase) in other current assets   1,206,000      (305,000)
   Increase in accounts payable                  1,472,000     1,755,000
   (Decrease) in accrued expenses                 (591,000)     (583,000)
  Other                                           (826,000)     (384,000)
  Net cash provided by operating activities      4,035,000     8,002,000

Cash Flows from Investing Activities:
Capital expenditures                            (3,710,000)   (2,641,000)
Proceeds from sale of plant and equipment           50,000         2,000
Payment for purchased businesses, net of
 cash acquired                                 (13,337,000)           --
  Net cash (used in) investing activities      (16,997,000)   (2,639,000)

Cash Flows from Financing Activities:
Net borrowings (repayments) of external debt    15,465,000    (2,472,000)
Payment of dividends                              (767,000)     (806,000)
Purchase of treasury stock                      (2,014,000)   (2,163,000)
Exercise of stock options                          250,000            --
   Net cash provided by (used in) financing
    activities                                  12,934,000    (5,441,000)

Effect of foreign currency exchange
 rate changes on cash and cash equivalents         (60,000)      (48,000)
Net (decrease) in cash and cash equivalents        (88,000)     (126,000)
Cash and cash equivalents, beginning of period     660,000       822,000
Cash and cash equivalents, end of period      $    572,000  $    696,000




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


                  BAIRNCO CORPORATION AND SUBSIDIARIES
          NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS
                              JULY 1, 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 financial  statements.   The
consolidated results of operations for the quarter and  six-month
period  ended July 1, 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 six month periods  ended
July  1,  2000 and July 3, 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)  Inventories

Inventories  consisted of the following as of July  1,  2000  and
December 31, 1999:

                                    2000           1999

 Raw materials and supplies         $ 7,434,000    $ 5,986,000
 Work in process                      9,075,000      8,574,000
 Finished goods                      13,724,000     10,644,000
          Total inventories        $ 30,233,000   $ 25,204,000


(5)  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  $11,029,000 and $10,298,000  at  July  1,  2000  and
December  31,  1999,  respectively, is being  amortized  over  40
years.  Accumulated amortization at July 1, 2000 and December 31,
1999, was $2,144,000 and $1,964,000, respectively.


(6)  Accrued Expenses

Accrued  expenses consisted of the following as of July  1,  2000
and December 31, 1999:

                                    2000          1999

     Salaries and wages             $ 2,456,000   $ 3,114,000
     Income taxes                       305,000       550,000
     Insurance                        3,325,000     3,581,000
     Litigation                       2,085,000     2,588,000
     Other accrued expenses           6,611,000     4,709,000
          Total accrued expenses    $14,782,000   $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.   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   July   1,   2000,
approximately  $4.1  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  are expected to be spent by the middle  of  2002.
These  litigation  reserves and related time frame  for  spending
assume  a vigorous defense of the case through discovery, summary
judgment motions and trial.

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.

(7)  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 second quarter  of  2000
and 1999 as required under SFAS 131 is as follows:

2000                Net Sales      Operating Profit (Loss)
Arlon               $37,790,000         $ 5,264,000
Kasco                10,973,000             518,000
Headquarters                 --          (1,070,000)
                    $48,763,000         $ 4,712,000


1999                Net Sales      Operating Profit (Loss)
Arlon               $30,372,000         $ 3,976,000
Kasco                12,281,000           1,129,000
Headquarters                 --          (1,084,000)
                    $42,653,000         $ 4,021,000

Financial information about the Corporation's operating  segments
for the six-month periods ended July 1, 2000 and July 3, 1999  as
required by SFAS 131 is as follows:

2000                Net Sales      Operating Profit (Loss)
Arlon               $72,093,000         $10,148,000
Kasco                22,486,000             889,000
Headquarters                 --          (1,902,000)
                    $94,579,000         $ 9,135,000


1999                Net Sales      Operating Profit (Loss)
Arlon               $60,315,000         $ 7,986,000
Kasco                25,000,000           2,095,000
Headquarters                 --          (2,053,000)
                    $85,315,000         $ 8,028,000

The  total assets of the segments as of July 1, 2000 and December
31, 1999 are as follows:

                             2000                1999
Arlon                   $ 88,561,000       $  69,915,000
Kasco                     40,627,000          39,294,000
Headquarters               9,225,000           9,936,000
                        $138,413,000        $119,145,000


(8) Contingencies

Bairnco  Corporation  and  its  subsidiaries  are  defendants  in
certain legal actions which are discussed more fully in Part  II,
Item 1 ("Legal Proceedings") of this filing.


Item 2: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 Second Quarter 2000 to Second Quarter 1999

The  results for the second quarter 2000 were improved over  last
year's  second  quarter.  Sales in the second quarter  2000  were
$48,763,000,  an  increase  of 14.3% from  $42,653,000  in  1999.
Arlon's sales were up 24.4% from last year due to strength of the
electronics  and electrical markets and the Signtech acquisition.
Kasco's sales decreased 10.7% due to competitive pressures in the
U.S.  markets, reduced meat consumption in European  markets  and
negative currency translation impact of the strong dollar.

Gross profit increased 12.8% to $16,335,000 from $14,482,000  due
to  the increased sales.  The gross profit margin as a percent of
sales decreased marginally to 33.5% from 34.0%.

Selling   and   administrative  expenses   increased   11.1%   to
$11,623,000 from $10,461,000. As a percent of sales, selling  and
administrative expenses decreased to 23.8% from 24.5%.

Net interest expense increased to $944,000 in 2000 as compared to
$515,000 in 1999 due to higher average borrowings resulting  from
the  Signtech  acquisition in the first quarter of 2000  and  the
continuing program to repurchase Bairnco common stock, and higher
average  interest rates. The effective tax rate  for  the  second
quarter  of  2000 was 33% versus 34% in 1999.  The provision  for
income  taxes  in  both periods includes all applicable  federal,
state, local, and foreign income taxes.


Net income increased 9.1% to $2,524,000 as compared to $2,314,000
in the second quarter of 1999.

Diluted  earnings per common share increased 13.8% to  $.33  from
$.29  as a result of improved earnings and the reduced number  of
shares outstanding.

Comparison of First Six Months 2000 to First Six Months 1999

Sales  for  the  first half of 2000 were up 10.9% to  $94,579,000
from  $85,315,000 in 1999 due primarily to the  strength  of  the
electronics market and the Signtech acquisition.

Gross  profit increased 10.2% to $31,676,000 from $28,734,000  in
the first half of 1999.  The gross profit margin as a percent  of
sales decreased slightly to 33.5% from 33.7%.

Selling and administrative expenses increased 8.9% to $22,541,000
from   $20,706,000.    As  a  percent  of  sales,   selling   and
administrative expenses decreased to 23.8% from 24.3%.

Net  interest  expense  increased to $1,627,000  as  compared  to
$1,082,000 in the first half of 1999. The effective tax rate  for
the first half of 2000 was 33% versus 34% in 1999.  The provision
for income taxes in both periods includes all applicable federal,
state, local, and foreign income taxes.

Net  income  increased  9.7% to $5,030,000  from  $4,584,000  and
diluted  earnings per common share increased 14.0% to  $.65  from
$.57 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 final audited values of the
acquired inventory and accounts receivable.  The Corporation does
not  believe that the final purchase price allocation will differ
significantly  from  the  preliminary purchase  price  allocation
recorded at February 16, 2000.



Dividend

The  second quarter cash dividend of $.05 per share was  paid  on
June 29, 2000 to stockholders of record on June 5, 2000.

Liquidity and Capital Resources

At  July  1,  2000, Bairnco had working capital of $39.5  million
compared to $33.3 million at December 31, 1999.  The increase  in
accounts  receivable  and inventories are due  to  the  increased
sales in the second quarter of 2000 versus the fourth quarter  of
1999  and the impact of the Signtech acquisition.  Other  current
assets are down with the realization of the tax receivable in the
first  quarter  of  2000.  The increase in  accounts  payable  is
consistent  with the build in inventories and the impact  of  the
Signtech acquisition.

During  the second quarter Bairnco repurchased 137,000 shares  of
its  common  stock at a total cost of $1,000,000.   Total  shares
repurchased  during  the first half of 2000  were  279,000.   The
Board  has authorized management to continue its stock repurchase
program subject to market conditions and capital requirements  of
the business.

At July 1, 2000, Bairnco's total debt outstanding was $46,632,000
compared  to  $31,283,000 at the end of 1999.  The  increase  was
primarily  due to the acquisition of Signtech.  At July  1,  2000
approximately $25.6 million was available for borrowing under the
Corporation's  secured reducing revolving  credit  agreement,  as
amended.   In addition, approximately $4.4 million was  available
under  various short-term domestic and foreign uncommitted credit
facilities.

Bairnco  made  approximately $1.8 million of capital expenditures
during  the  second  quarter of 2000 bringing the  total  capital
expenditures  for the first half of 2000 to $3.7  million.  Total
capital  expenditures for 2000 are expected to  approximate  $8.3
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  six 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  July
1, 2000.

Outlook

The  outlook for 2000 is for reasonable growth in our traditional
industrial  markets  with  additional growth  expected  from  our
continued  penetration in certain market segments,  new  products
and   the   Signtech  acquisition.   Both  foreign  and  domestic
competition remains intense in most markets.  Based on the  first
half  of 2000 results and the trend of the business entering  the
third quarter, we expect 2000 to be 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  July 1, 2000 would increase interest expense and hence reduce
the  net income of the Corporation by approximately $310,000  per
year.

The Corporation's fiscal second quarter 2000 sales denominated in
a  currency other than U.S. dollars were approximately  10.5%  of
total  sales  and net assets maintained in a functional  currency
other  than U.S. dollars at July 1, 2000 were approximately 13.8%
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 July 1, 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  July
1, 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 second 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 July 1, 2000 and July  3,
       1999.

       Exhibit  11.2 - Calculation of Basic and Diluted  Earnings
       per  Share for the Six Months ended July 1, 2000 and  July
       3, 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:  August 4, 2000

















                                EXHIBITS

                              TO FORM 10-Q

                            FOR QUARTER ENDED

                              July 1, 2000