UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                         Washington, D. C. 20549 - 1004

                                    FORM 10-Q

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT
                                     OF 1934

                  FOR THE QUARTERLY PERIOD ENDED  June 30, 2000
                                                 --------------

                         COMMISSION FILE NUMBER  0-2413
                                                -------

                             MacDermid, Incorporated
                             -----------------------
             (Exact name of registrant as specified in its charter)

                      Connecticut                          06-0435750
                   --------------                        ------------
          (State or other jurisdiction of              (I.R.S. Employer
         incorporation or organization)              Identification No.)

           245 Freight Street, Waterbury, Connecticut            06702
           -----------------------------------------------------------
          (Address of principal executive offices)           (Zip Code)

       Registrant's telephone number, including area code  (203) 575-5700
                                                          ---------------

                                         None                         .
          -------------------------------------------------------------
         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 and 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         .
                                              ---     ---------

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

           Class                     Outstanding  at  August  1,  2000
     ----------------------          ---------------------------------
     Common  Stock, no par value              31,152,611  shares
<TABLE>
<CAPTION>

                             MACDERMID, INCORPORATED
                                      INDEX


<S>                                                         <C>
                                                            Page No.
                                                            --------
Part I.   Financial Information

     Item 1.  Financial Statements
Consolidated Condensed Balance Sheets -
  June 30, 2000 and March 31, 2000                                 2

  Consolidated Condensed Statements of Earnings
  and Retained Earnings - Three Months Ended
  June 30, 2000 and 1999                                           3

  Consolidated Condensed Statements of Cash Flows -
  Three Months Ended June 30, 2000 and 1999                        4

  Notes to Consolidated Condensed Financial Statements         5 - 8

Item 2.  Management's Discussion and Analysis of
             Financial Condition and Results of Operations    9 - 12

Part II.   Other Information                                      12

Signatures                                                        13
</TABLE>














































<PAGE>
<TABLE>
<CAPTION>

                                 MACDERMID,  INCORPORATED
                        CONSOLIDATED  CONDENSED  BALANCE  SHEETS
                   (Amounts in Thousands of Dollars Except Share Amounts)


                                                       June 30,       March 31,
                                                        2000            2000
                                                     ------------    ----------
Assets                                                 (Unaudited)    (Audited)
<S>                                                     <C>           <C>
Current Assets:
Cash and Cash Equivalents                               $    16,964   $ 20,116
Accounts and Notes Receivable (Net of
  Allowance for Doubtful Receivables of
  $11,254 and $10,541)                                      194,970    180,629
Inventories
  Finished Goods                                             72,097     65,338
  Raw Materials                                              54,544     50,264
                                                        ------------  ---------
                                                            126,641    115,602
Prepaid Expenses                                              8,439      6,976
Deferred Income Tax Asset                                     5,816      9,115
                                                        ------------  ---------
   Total Current Assets                                     352,830    332,438

Property, Plant & Equipment (Net of Accumulated
  Depreciation of $100,426 and $99,172)                     153,570    154,149
Goodwill (Net of Accumulated Amortization of
     $28,318 and $25,332)                                   229,515    206,848
Intangibles, including Patents/Trademarks (Net of
     Accumulated Amortization of $30,018 and $28,109)        69,873     54,891
Other Assets                                                 36,626     42,166
                                                        ------------  ---------
                                                        $   842,414   $790,492
                                                        ============  =========
Liabilities and Shareholders' Equity
Current Liabilities:
  Notes Payable                                         $     4,479   $  4,561
  Current Installments of Long-Term Obligations              49,445     46,349
  Accounts & Dividends Payable                               67,923     63,545
  Accrued Expenses                                           64,672     70,698
  Income Taxes                                               16,410     13,967
                                                        ------------  ---------
Total Current Liabilities                                   202,929    199,120

Long-Term Obligations                                       400,039    360,348
Accrued Postretirement & Postemployment Benefits              7,942      7,239
Deferred Income Taxes                                         5,187     10,531

Shareholders' Equity
  Common Stock Stated Value $1 per Share                     45,409     45,412
  Additional Paid-In Capital                                 13,877     13,866
  Retained Earnings                                         230,310    217,149
  Comprehensive Income Equity Adjustments: (Note 5)
    Cumulative Foreign Currency Translation                 (5,168)    (5,062)
  Less: Cost of 14,267,816 Common Shares
     in Treasury (Note 3)                                  (58,111)   (58,111)
                                                        ------------  ---------
Total Shareholders' Equity                                  226,317    213,254
                                                        ------------  ---------
                                                        $   842,414   $790,492
                                                        ============  =========
<FN>
     See accompanying notes to consolidated condensed financial statements.

</TABLE>

















<PAGE>

<TABLE>
<CAPTION>

                             MACDERMID,  INCORPORATED
                  CONSOLIDATED  CONDENSED  STATEMENTS  OF  EARNINGS
                              AND  RETAINED  EARNINGS
      (Amounts in Thousands of Dollars Except Share and Per Share Amounts)
                                   (Unaudited)

                                           Three  Months  Ended  June  30,
                                                    2000        1999
                                                    ----        ----
<S>                                             <C>           <C>
Net Sales                                       $   186,505   $   182,157

Cost and Expenses:
   Cost of Sales                                     95,406        94,360
   Selling, Technical, Administrative Expenses       55,444        53,510
   Amortization                                       4,895         4,375
   Interest Income                                     (503)         (480)
   Interest Expense                                   7,684         8,910
   Other Expense (Income) - net                       1,769          (660)
                                                ------------  ------------
                                                    164,695       160,015
                                                ------------  ------------

Earnings before Income Taxes                         21,810        22,142
Income Taxes                                          8,026         7,884
                                                ------------  ------------
Net Earnings                                         13,784        14,258

Retained Earnings, Beginning of Period              217,149       171,740
Cash Dividends Declared                                (623)         (503)
                                                ------------  ------------
Retained Earnings, End of Period                $   230,310   $   185,495
                                                ============  ============

Net Earnings Per Common Share (Note 4):
Basic                                           $      0.44   $      0.46
                                                ============  ============
Diluted                                         $      0.43   $      0.44
                                                ============  ============

Cash Dividends Per Common Share                 $      0.02   $      0.02
                                                ============  ============

Weighted Average Common Shares Outstanding:
   Basic                                         31,154,826    31,155,374
                                                ============  ============
   Diluted                                       32,415,236    32,430,192
                                                ============  ============
<FN>
     See accompanying notes to consolidated condensed financial statements.
</TABLE>































<PAGE>
<TABLE>
<CAPTION>

                              MACDERMID,  INCORPORATED
                 CONSOLIDATED  CONDENSED  STATEMENTS  OF  CASH  FLOWS
                        (Amounts In Thousands of Dollars)
                                   (Unaudited)


                                          Three  Months  Ended  June  30,
                                                  2000        1999
                                                  -----       -----
<S>                                              <C>        <C>
Net Cash Flows from Operating Activities         $ 10,462   $  6,421

Cash Flows from Investing Activities:
   Capital Expenditures                            (2,069)    (4,506)
   Proceeds from Disposition of Fixed Assets           21        209
   Acquisitions of Business (Note 2)              (54,280)   ( 8,334)
                                                 ---------  ---------

   Net Cash Flows used in Investing Activities    (56,328)   (12,631)


Cash Flows from Financing Activities:
   Short-Term (Repayments) / Borrowings            (2,555)     1,430
   Long-Term Borrowings                            59,650      9,107
   Long-Term Repayments                           (13,542)    (9,871)
   Dividends Paid                                    (623)      (503)
                                                 ---------  ---------

   Net Cash Flows from Financing Activities        42,930        163

Effect of Exchange Rate Changes on Cash
    and Cash Equivalents                             (215)      (280)
                                                 ---------  ---------

   Net Decrease in Cash and Cash Equivalents       (3,151)    (6,327)

Cash and Cash Equivalents at Beginning of Year     20,116     17,628
                                                 ---------  ---------

Cash and Cash Equivalents at End of Period       $ 16,964   $ 11,301
                                                 =========  =========

Cash Paid for Interest                           $  7,354   $  7,646
                                                 =========  =========

Cash Paid for Income Taxes                       $  3,561   $  4,000
                                                 =========  =========
<FN>
     See accompanying notes to consolidated condensed financial statements.
</TABLE>

<PAGE>

                             MACDERMID, INCORPORATED
              NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS
                        (Amounts In Thousands of Dollars)

Note  1. Summary  of  Significant  Accounting  Policies

     The  March  31, 2000 condensed consolidated balance sheet amounts have been
derived from the previously audited consolidated balance sheets of MacDermid,
Incorporated  (the  Corporation).  The  balance  of  the  condensed  financial
information  reflects  all  adjustments which are, in the opinion of management,
necessary  for  a  fair  presentation  of  the  financial  position,  results of
operations  and cash flows for the interim periods presented and are of a normal
recurring  nature  unless  otherwise  disclosed  in this report.  The results of
operations  for  the  three  month  periods ended June 30, 2000 and 1999 are not
necessarily  indicative of  trends or of the results to be expected for the full
year.  The  statements  should  be  read  in  conjunction  with the notes to the
consolidated  financial  statements  included  in  the Corporation's 2000 Annual
Report.

Note  2. Acquisitions

     On  June  13, 2000, the Corporation acquired the assets, subject to certain
liabilities, of the digital graphics business unit of VirtualFund.com, Inc.  The
purchase price of $47,000 was paid at closing by borrowing on an existing credit
facility  with  Bank  of America, N.A.  A further $3,000 is contingently payable
before  the end of the fiscal year in the event that certain cost reductions are
achieved  within  nine months.  There is activity for one-half month included in
the  Condensed  Consolidated Statement of Earnings and Retained Earnings for the
three  month  period ended June 30, 2000 for the acuqired business.  The related
Condensed Consolidated Balance Sheet at June 30, 2000 displays increased  assets
and liabilities primarily due to this transaction.  The amounts recorded for the
assets and liabilities acquired, using purchase accounting, include goodwill and
other intangibles of approximately $42,000 which are being amortized over
fifteen years  and  are  subject to adjustment whenever final evaluations are
completed.  Any  such  adjustments  are  not  expected  to  be  material.

     The  Corporation  established  purchase  liabilities  (included  in accrued
expenses)  in fiscal year 1999 when recording its acquisition of W.Canning, plc.
The following table illustrates the activity to this account for the three month
period  ended  June  30,  2000.
<TABLE>
<CAPTION>

                          Beginning  of  Year     Reductions      End  of Period
                          -------------------     ----------      --------------
<S>                            <C>                <C>                <C>
   Facilities                    $2,383                90              $2,293
   Redundancies                     330               112                 218
   Environmental                  1,880                 0               1,880
                                 ------             -----              ------
     Total                       $4,593               202              $4,391
</TABLE>

     The  reorganization  of  employees and facilities is proceeding as planned.
As  of  the  current  reporting period there were 90 employees terminated.  Five
facilities  have  been  closed  with  those  activities  assimilated  elsewhere.
Negotiations are ongoing regarding the elimination of leased facilities and sale
of  owned  facilities,  none  of  which  have  closed  at  present.

Note  3.     Stock  Repurchase  Authorization

     On  July  22,  1998  the  Board  of Directors authorized the Corporation to
purchase  up to 1,000,000 shares of its common stock.  On February 17, 1999, the
Board  of  Directors  reduced this authorization to 200,000 shares.  At June 30,
2000,  there  remained  authorization  to purchase approximately 184,000 shares.
Such additional shares may be acquired through privately negotiated transactions
or  on  the  open market from time to time.  Any future repurchases by MacDermid
will  depend  on  various factors, including the market price of the shares, the
Corporation's  business  and  financial position and general economic and market
conditions.  Additional  shares  acquired pursuant to such authorization will be
held  in the Corporation's treasury and will be available for the Corporation to
issue  for various corporate purposes without further shareholder action (except
as  required  by applicable law or the rules of any securities exchange on which
the  shares  are  then  listed).

<PAGE>
Note  4.     Earnings  Per  Common  Share

     The  computation  of  basic  earnings  per share is based upon the weighted
average  number  of  outstanding  common  shares.  The  computation  of  diluted
earnings  per  share  is  based  upon the weighted average number of outstanding
common  shares plus the effect of all dilutive potential common shares that were
outstanding  during  the period. Earnings per share is calculated based upon net
earnings  available  for  common  shareholders  after  deduction  for  preferred
dividends,  if  any.

Note  5.     Comprehensive  Income

The  components  of  comprehensive income for the three month periods ended June
30,  2000  and  1999  are  as  follows:
<TABLE>
<CAPTION>


                                                Three  Months  Ended  June  30,
                                                          2000         1999
                                                          ----         ----
<S>                                                       <C>       <C>
                 Net Earnings                             $13,784   $14,258
                 Other Comprehensive Income:
                   Cumulative Foreign Currency
                     Translation Adjustment                  (106)   (1,751)
                   Available-for-Sale Securities
                     Unrealized Holding Gain(net of tax)        -        96
                                                          --------  --------
                 Comprehensive Income                     $13,678   $12,603
                                                          --------  --------
</TABLE>









<PAGE>
Note  6.     Segment  Reporting

The  Corporation  provides  development, manufacture and technical service for a
large  variety  of  specialty  chemical  processes  and related equipment in two
reportable operating segments: Advanced Surface Finishes and Graphic Arts. These
two  segments  under  which  the  Corporation  operates on a worldwide basis are
managed  separately  as each segment has differences in technology and marketing
strategies.  The  business  segments  reported  below  are  the  segments of the
Corporation  for which separate financial information is available and for which
operating  results are reviewed by executive management to assess performance of
the  Corporation.  The accounting policies of the business segments are the same
as  those  described  in the summary of significant accounting policies, Note 1.

Net  sales  for  all  of  the  Corporation's  products  fall into one of the two
business  segments.  The  business segment results of operations include certain
operating  costs  which  are allocated based on the relative burden each segment
bears  on  those  costs.  Operating  income  amounts  are  evaluated  before
amortization  of  intangible  assets  and  non-recurring  charges.  The business
segment  identifiable  assets  exclude deferred tax  assets,  equity  method
investments and certain other long term assets not associated  with  support  of
the  operations.


Segment  Results  of  Operations:
<TABLE>
<CAPTION>


                           Three  Months  Ended  June  30,
                                  2000        1999
                                  ----        ----
<S>                                <C>        <C>
Net Sales
  Advanced Surface Finishes        $113,490   $109,272
  Graphic Arts                       73,015     72,885
                                   ---------  ---------
     Consolidated Net Sales        $186,505   $182,157
                                   ---------  ---------
Operating Income
  Advanced Surface Finishes        $ 23,185   $ 20,401
  Graphic Arts                       12,470     13,886
  Amortization Expense               (4,895)    (4,375)
                                   ---------  ---------
     Consoliated Operating Income  $ 30,760    $29,912

Interest Income                         503        480
Interest Expense                     (7,684)    (8,910)
Other (Expense) Income - net         (1,769)       660
                                   ---------  ---------
Earnings before Income Taxes       $ 21,810   $ 22,142
                                   ---------  ---------
</TABLE>


<PAGE>

Note  6.     Segment  Reporting  (continued)
Segment  Identifiable  Assets:

<TABLE>
<CAPTION>
                            June 30, 2000   March 31, 2000
                            --------------  ---------------
<S>                         <C>             <C>
Advanced Surface Finishing  $      456,626  $       453,714
Graphic Arts                       366,041          314,215
Corporate-wide                      19,747           22,563
                            --------------  ---------------
   Consolidated Assets      $      842,414  $       790,492
                            --------------  ---------------
</TABLE>



Note  7.     Market  Risk  and  Contingencies

Market  Risk

The  Corporation  is exposed to market risk in the normal course of its business
operations due to its operations in different foreign currencies and its ongoing
investing  and  financing  activities. The risk of loss can be assessed from the
perspective  of  adverse changes in fair values, cash flows and future earnings.
The Corporation has established policies and procedures governing its management
of  market risks and the use of financial instruments to manage exposure to such
risks.

The  Corporation  is  exposed  to  interest  rate risk primarily from its credit
facility  which  is  based  upon  various floating rates.  At June 30, 2000, the
Corporation  had  entered  into  interest  rate swaps with an aggregate notional
amount  that  approximates  one-third  of  its  borrowings.  The  resulting
weighted-average  fixed  interest rate is approximately 7%.  Based upon expected
levels  of  borrowing under this facility for the remainder of fiscal year 2001,
an increase in interest rates of 100 basis points would result in an incremental
$3.2  million annual interest expense and would not have a material adverse
affect on the Corporation's consolidated financial position, results of
operations or cash flows.

The  Corporation  operates manufacturing facilities in eight countries and sells
products in over 25 countries.  Approximately 45% of the Corporation's sales are
denominated  in  currencies  other  than  the  US  Dollar.  Historically,  the
Corporation  returns  slightly  less  than  10%  on  sales  and foreign exchange
fluctuations  have  not  had  any  significantly  measurable effect on earnings.
Furthermore,  those  earnings are generally reinvested locally and the impact on
operating  cash  flows  has  been  less  than $3.5 million annually.  Management
continually  reviews the balance between foreign currency denominated assets and
liabilities  in order to minimize the exposure to foreign exchange fluctuations.


The  Corporation  does  not  enter into any derivative financial instruments for
trading  purposes,  nor  does  it  enter into any foreign currency hedging.  The
Corporation  has  certain supply agreements for quantities but has chosen not to
enter  into  any  price  hedging  with  its  suppliers  for  commodities.

Contingencies

     (a)  Environmental.  The  Corporation  has  been  named  as  a  potentially
responsible  party  (PRP)  by  the Environmental Protection Agency in connection
with  two  waste sites. There are many other companies involved at each of these
sites and the Corporation's participation is minor. The Corporation has recorded
its best estimate of liabilities in connection with site clean-up based upon the
extent  of  its involvement, the number of PRPs and estimates of the total costs
of  the site clean-up. Though it is difficult to predict the final costs of site
remediation,  management believes that the recorded liabilities of $200 at March
31, 2000 and 1999 are reasonable estimates of probable liability and that future
cash outlays are unlikely to be material to its consolidated financial position,
results  of  operations  or  cash  flows.


<PAGE>

The  Corporation  has  established  an  environmental  remediation  reserve with
respect  to  its December 1998 acquisition of Canning. A substantial majority of
that reserve is attributable to two U.S. sites of a Canning U.S. subsidiary that
are  believed  to  require  environmental  remediation  activities. The reserves
established  by  the  Corporation  were  based  upon  phase  I  and  phase  II
environmental  investigations  of those sites and remediation estimates produced
by  remediation contractors, which estimates indicated that the reasonable range
of  the  Corporation's  gross  liability  is  $2,000  to $11,500. Based upon the
Corporation's  experience  and  the  facts  known  to it, as of the date of this
filing  the  Corporation  expects that its gross liability for those two Canning
sites  will  not  exceed  $4,500.  The  Corporation  believes  that  its Canning
subsidiary  clearly  is  entitled under Canning's acquisition agreement relating
those  sites  to  withhold  a  deferred  purchase price payment of approximately
$2,300,  which  will  be applied to reduce its net liability for those sites. To
the  extent  the  Corporation's  liabilities exceed $2,300 it may be entitled to
additional  indemnification  payments from the previous two largest shareholders
of  the  prior owner of the two sites. Such recovery is substantially uncertain,
however,  and  would likely involve significant litigation expense. As a result,
the  Corporation has recorded a net liability of $2,000. The foregoing estimates
of  potential  gross and net liabilities and recoveries have not been discounted
to reflect the time value of money. The Corporation expects that the liabilities
pertaining  to  the  two  Canning  sites  will be incurred within the next three
years;  the  Corporation  will recognize the recovery from the deferred purchase
price  payment  contemporaneously  with  its  payment of the underlying expense.

On  January  30, 1997, the Corporation was served with a subpoena from a federal
grand  jury  in  Connecticut  requesting  certain documents. The Corporation was
subsequently  informed  that  it is a subject of the grand jury's investigation.
The  subpoena  requested  information  relating  to an accidental spill from the
Corporation's  Huntingdon  Avenue, Waterbury, Connecticut facility that occurred
in  November  of 1994, together with other information related to operations and
compliance  at  the  Huntingdon  Avenue  facility.  The Corporation has retained
outside  law  firms to assist in complying with the subpoena. The Corporation is
cooperating  with the government's investigation. Since this matter is currently
in  the  early  stages,  it is impossible to determine what the ultimate outcome
will  be and difficult to quantify the extent of exposure to liability. As such,
no  assurance  can  be  given  that  the  Corporation  will not be found to have
liability.  Accruals  in  this  regard  are  determined  in  accordance with the
provisions  of Statement of Financial Accounting Standards No. 5, Accounting for
Contingencies  (SFAS 5) which requires an accrual to be recorded when it is both
probable  a  liability  has  been incurred and the cost is reasonably estimable.



(b)  Other.  The  Corporation  is  a party to a number of lawsuits and claims in
addition  to  those  discussed  above  arising  out  of  the ordinary conduct of
business.  While the ultimate results of the proceedings against the Corporation
cannot  be  predicted with certainty, management does not expect that resolution
of  these  matters  will  have  a  material adverse effect upon its consolidated
financial position, results of operations or cash flows. It is the Corporation's
policy  to  accrue  probable liabilities to the extent that such liabilities can
reasonably  be  estimated.

The  Corporation's  business  operations, consist principally of manufacture and
sale  of  specialty  chemicals,  supplies  and  related  equipment  to customers
throughout  much of the world. Approximately 38% of the business is concentrated
in  the  printing  industry  used  for a wide variety of applications, including
offset  blankets,  printing plates, textile blankets and rubber based covers for
industrial rollers, while 28% of the business is concentrated with manufacturers
of  printed  circuit  boards  which  are  used  in  a  wide  variety  of end-use
applications,  including  computers,  communications  and  control  equipment,
appliances,  automobiles  and  entertainment  products.  As  is  usual  for this
business,  the  Corporation  generally  does  not  require  collateral  or other
security  as  a  condition  of sale, choosing, rather, to control credit risk of
trade  account  financial instruments by credit approval, balance limitation and
monitoring  procedures.  Management believes that reserves for losses, which are
established based upon review of account balances and historical experience, are
adequate.

<PAGE>

ITEM  2:
                     Management's Discussion and Analysis of
                  Financial Condition and Results of Operations

The  following discussion compares the results of operations for the three month
period  which  ended  June  30,  2000  to  the  same period in 1999 and provides
information  with  respect  to  changes  in financial condition during the three
months  then  ended.

SALES

Total sales for the first quarter of fiscal year 2001, $186.5 million, increased
$4.3  million  or  2%  from  $182.2  million  in  the same period last year.  An
acquisition  in  the  Graphic  Arts  segment added sales of $4.6 million.  Total
sales were flat for Graphic Arts and increased 4% for Advanced Surface Finishes.
Proprietary  sales  increased  approximately 7%.  With the Graphic Arts business
flat,  this  growth was achieved by a 12% proprietary sales increase in Advanced
Surface  Finishes.  Total  sales  increased by a lesser rate than proprietary as
equipment  and resale chemical supplies were significantly lower for the current
quarter.  As  a  result,  proprietary sales as a percent of total sales were 93%
for  the  current  quarter  as  compared  to  89% for the same period last year.
Foreign  currency  translation reduced reported sales approximately $6.1 million
or  roughly  2%  for the three month period.  Total sales, excluding the effects
from  acquisitions  and  currency  translation  would have increased 3% over the
similar  period  last  year.

COSTS  AND  EXPENSES

Gross  profits  are  up  4%  for  the three month period as compared to the same
period  last  year.  This  growth  was  enhanced by the continued advancement of
proprietary chemical sales.  Gross profit has been consistant as a percentage of
sales, 48.8% for the three month period as compared to 48.2% for the same period
last  year.

Selling,  technical  and administrative (ST&A) expenses are 4% increased for the
three month period as compared to the same period last year.  Approximately half
of  the  increase  is due to additional expenses from the acquisition.  Expenses
also  increased in support of business growth and product development while cost
awareness initiatives have held administrative expenses flat.  As a result, ST&A
as  a  percentage  of  sales  for  the  three month period is 29.7% this year as
compared  to  29.4%  for  the  same  three  month  period  last  year.

Total  amortization  charged  to  earnings  was $4.9 million for the three month
period  ended  June 30, 2000.  The increase of approximately $0.5 million is due
to  the  amortization of goodwill and other intangibles from recent Graphic Arts
acquisitions.

Operating  profits  for the three month period increased 3% over the same period
last  year.  This  operating  profit  improvement  is  a  result  of  increased
proprietary  sales  which has attracted higher margin business coupled with ST&A
and  amortization  of  intangibles which increased in line with sales.  Advanced
Surface  Finishes  increased  14% more than offsetting a 10% decrease in Graphic
Arts.

Earnings before interest, taxes, depreciation and amortization (EBITDA) is $40.5
million  for  the  three  months ended June 30, 2000.  EBITDA is not intended to
represent  cash flow from operations as defined by generally accepted accounting
principles.  It  should  not  be  used  as  an  alternative  to net income as an
indicator  of  operating performance or to cash flows as a measure of liquidity.

<PAGE>

PROVISION  FOR  INCOME  TAXES

The  Corporation's  effective  income  tax rate approximates 37% and 36% for the
three  month periods ended June 30, 2000 and 1999, respectively.  The difference
is  due to a limitation on the utilization of foreign tax credits for the period
ended  June  30,  2000.

NET  EARNINGS

Net  earnings  available to common shareholders decreased 3% for the three month
period  as  compared to the same period last year.  Foreign currency translation
had  the  effect  of  reducing  the  reported earnings by approximately 2%.  The
current  period earnings are suppressed by increased costs supporting the newest
Viatek  facility.


Financial  Condition

Operating  activities during the three months ending June 30, 2000 resulted in a
net  cash  inflow  of  $10.5 million.  The cash generated was primarily used for
capital  improvements,  dividends  to common shareholders and payment to acquire
increased interest in a subsidiary.  Working Capital at June 30, 2000 was $149.9
million  as  compared  to  $133.3  million  at  March  31,  2000.

Capital  expenditures were $2.1 million for the three months ended June 30, 2000
and  are  in  line  with  the  total planned expenditures of approximately $22.0
million  for  the  fiscal  year.

MacDermid  has  a  long-term  credit  arrangement,  which consists of a combined
revolving  loan  and  three  six-year  term  loans.  Two  of  the term loans are
denominated  in  US  Dollars  and  the  other is Pound Sterling denominated. The
outstanding  balance  on the credit facilities increased $47.0 million to effect
the  acquisition  of the digital graphics business unit of VirtualFund.com, Inc.
In  addition,  the  remaining  outstanding  balance  on  the  credit  facilities
decreased  a  net  $0.9 million during the year.  The amounts outstanding on the
long-term  credit  arrangement  at June 30, 2000, consists of $117.7 million for
the  revolving loan, $270.2 million on the US Dollar term loans and $57.7( 38.0)
million  on  the  Pound  Sterling  term  loan.

The  revolving  loan  facility  permits  borrowings  of up to $125 million.  The
Corporation's other credit facilities presently total approximately $55 million.
These,  together  with the Corporation's cash flows from operations are adequate
to  fund  working  capital  and  expected  capital  expenditures.

The  Corporation established purchase liabilities, in fiscal year 1999, upon the
acquisition  of  Canning.  The  reorganization  of  employees  and facilities is
proceeding  as  planned.  As  of  the  current  reporting  period  there were 90
employees  terminated.  Negotiations  are  ongoing  regarding the elimination of
leased  facilities  and  sale  of owned facilities, none of which have closed at
present.  It  is  unlikely  this  reorganization  plan  would  have any material
effects  on  the  future  operations  or  financial  condition.

New  Accounting  Pronouncements

The  Financial  Accounting  Standards Board (FASB) issued Statement of Financial
Accounting  Standard  No.133, "Accounting for Derivative Instruments and Hedging
Activities" (SFAS 133).  SFAS 133 replaces existing pronouncements and practices
with  a  single  integrated  accounting  framework  for  derivatives and hedging
activities.  FASB  later  issued  two  other  statements  that  amend  SFAS133.
Statement  of  Financial Accounting Standard No. 137, "Accounting for Derivative
Instruments  and  Hedging  Activities  -  Deferral of the Effective Date of FASB
Statement  No. 133" (SFAS 137).  SFAS 137 establishes an effective date for SFAS
133  for  fiscal  years  beginning  after  June 15, 2000. Statement of Financial
Accounting  Standard No. 138, "Accounting for Certain Derivative Instruments and
Certain  Hedging Activities" (SFAS 138).  SFAS 138 addresses a limited number of
issues  that  had  been  cause for implementation difficulties as established by
SFAS  133.  The  Corporation  is  currently evaluating the requirements of these
three  statements  and  believes  that the adoption of these statements, for its
fiscal  2002 financial statements, will not have a material impact on previously
reported  information.

<PAGE>
Euro  Currency  Conversion

On  January  1, 1999, certain member countries of the European Union established
fixed  conversion  rates  between  their  existing  currencies  and the European
Union's  common currency ("Euro"). The transition period for the introduction of
the Euro ends June 30, 2002. Issues that face the Corporation as a result of the
introduction of the Euro include converting information technology systems which
were  largely  upgraded  under  the  year  2000  compliance  review, reassessing
currency  risk,  negotiating  and  amending  contracts,  as  well  as processing
accounting  and tax records. The Corporation is addressing these issues and does
not  expect  the  Euro  to  have a material effect on its financial condition or
results  of  operations.

Contingencies

(a)  Environmental.  The Corporation has been named as a potentially responsible
party  (PRP) by the Environmental Protection Agency in connection with two waste
sites.  There  are  many other companies involved at each of these sites and the
Corporation's  participation  is  minor.  The  Corporation has recorded its best
estimate  of  liabilities in connection with site clean-up based upon the extent
of  its  involvement, the number of PRPs and estimates of the total costs of the
site  clean-up  that  reflect  the  results  of  phase  I  and  II environmental
investigations  and  remediation  estimates produced by remediation contractors.
Though  it  is  difficult  to  predict  the  final  costs  of  site remediation,
management  believes  that  the recorded liabilities are reasonable estimates of
probable  liability  and that future cash outlays are unlikely to be material to
its  consolidated  financial  position,  results  of  operations  or cash flows.

The  Corporation  has  established  an  environmental  remediation  reserve with
respect  to  its December 1998 acquisition of Canning. A substantial majority of
that  reserve  is  attributable to several sites of Canning that are believed to
require  environmental  remediation  activities. The reserves established by the
Corporation were based upon phase I and phase II environmental investigations of
those sites and remediation estimates produced by remediation contractors, which
estimates  indicated  that  the  reasonable  range  of  the  Corporation's gross
liability  is  $2  million  to  $11.5  million.  Based  upon  the  Corporation's
experience  and  the  facts  known  to  it,  as  of  the date of this filing the
Corporation  expects  that  its gross liability for those Canning sites will not
exceed  $4.5  million.  The  Corporation believes that its Canning subsidiary is
entitled  under  its  acquisition agreement relating certain sites to withhold a
deferred  purchase  price  payment  of approximately $2.3 million, which will be
applied  to  reduce  its  net  liability  for  those  sites.  To  the extent the
Corporation's  liabilities  exceed $2.3 million it may be entitled to additional
indemnification  payments.  Such  recovery  may be uncertain, however, and would
likely  involve significant litigation expense. As a result, the Corporation has
recorded  a  net  liability  of $2 million. The foregoing estimates of potential
gross  and  net  liabilities  and recoveries represent our best estimates of the
fair  value  of  these obligations. The Corporation expects that the liabilities
pertaining to the Canning sites will be incurred within the next five years; the
Corporation will recognize the recovery from the deferred purchase price payment
contemporaneously  with  its  payment  of  the  underlying  expense.

On  January  30,1997,  the Corporation was served with a subpoena from a federal
grand  jury  in  Connecticut  requesting  certain documents. The Corporation was
subsequently  informed  that  it is a subject of the grand jury's investigation.
The  subpoena  requested  information  relating  to an accidental spill from the
Corporation's  Huntingdon  Avenue, Waterbury, Connecticut facility that occurred
in  November  of 1994, together with other information related to operations and
compliance  at  the  Huntingdon  Avenue  facility.  The Corporation has retained
outside  law  firms to assist in complying with the subpoena. The Corporation is
cooperating  with the government's investigation. Since this matter is currently
in  the  early  stages,  it is impossible to determine what the ultimate outcome
will  be  and  difficult to quantify the extent of an exposure to liability.  As
such,  no  assurance can be given that the Corporation will not be found to have
liability.

(b)  Legal  Proceedings / Other. On July 26, 1999 the Corporation was named in a
civil  lawsuit  commenced in the Superior Court of the State of Connecticut. The
action  was  initiated  by the Commissioner of Environmental Protection alleging
various compliance violations at the Corporation's Huntingdon Avenue and Freight
Street  locations  between  the  years 1992 through 1998. The complaint contains
allegations  of permit violations and violations of procedural, notification and
other requirements of Connecticut's environmental regulations over the foregoing
period  of  time.  The Corporation is vigorously defending this complaint. It is
currently believed that the outcome of the proceeding will not materially affect
the  Corporation's business or financial position, however, the proceeding is in
the  very  early  stages  and  therefore  difficult  to  assess  at  this  time.

<PAGE>

The  Corporation  is  a  party to a number of lawsuits and claims in addition to
those discussed above arising out of the ordinary conduct of business. While the
ultimate  results of the proceedings against the Corporation cannot be predicted
with certainty, management does not expect that resolution of these matters will
have a material adverse effect upon its consolidated financial position, results
of  operations  or  cash  flows.  It  is  the  Corporation's  policy  to  accrue
liabilities  in  this  regard  when  it  is  both  probable a liability has been
incurred  and  the  cost is reasonably estimable in accordance with Statement of
Financial  Accounting  Standards  No.  5,  "Accounting  for  Contingencies."

Outlook:  Issues  and  Risks

This  report  and  other Corporation reports and statements describe many of the
positive  factors affecting the Corporation's future business prospects. Readers
should  also  be  aware  of  factors which could have a negative impact on those
prospects.  These  include  political,  economic  or  other  conditions  such as
currency  exchange  rates,  inflation  rates,  recessionary or expansive trends,
taxes  and  regulations  and  laws affecting the business; competitive products,
advertising,  promotional  and pricing activity, the degree of acceptance of new
product introductions in the marketplace and the difficulty of forecasting sales
at  various  times  in  various  markets.

The  Corporation  operates  throughout  the  world in areas generally considered
stable.  Sales  are  mainly  to  companies  whose  outputs  become components in
consumer  and  industrial products having wide application and demand and no one
customer  accounts  for a material proportion of sales. Management believes that
inflation,  generally,  has  had  little  overall  impact upon the Corporation's
operations  and  reported  earnings. While there may be temporary disruptions of
economic stability, management believes that their long-term effects will not be
significant  to  the  Corporation.


PART  II.  OTHER  INFORMATION

ITEM  1  :  Legal  Proceedings
     None.

ITEM  2  :  Changes  in  the  Rights  of  Security  Holders
          None.

ITEM  3  :  Defaults  by  the  Corporation  on  its  Senior  Securities
          None.

ITEM  4  :  Results  of  Votes  of  Security  Holders
     None.

ITEM  5  :  Other  Information
     None.

ITEM  6(a)  :  Exhibits
     None.

ITEM  6(b)  :  Reports  on  Form  8-K
     None.







<PAGE>



                                   SIGNATURES



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.


                                  MacDermid,  Incorporated
                                   ------------------------
                                         (Registrant)






Date:  August  11,  2000           /s/  Daniel  H.  Leever
       -----------------           -----------------------

                                     Daniel  H.  Leever
                                      Chairman  and
                                 Chief  Executive  Officer



Date:  August  11,  2000     /  s  /  Gregory  M.  Bolingbroke
       -----------------     ---------------------------------

                                   Gregory  M.  Bolingbroke
                                  Corporate  Controller  and
                                    Chief  Accountant