----

----

**UNITED      STATES SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON,      D.C. 20549**

**FORM      10-Q**

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

**or**

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

**MET-PRO      CORPORATION**

| **Pennsylvania**                                          |   | **23-1683282**                     |
|-----------------------------------------------------------|--------|------------------------------------|
| (State                or other jurisdiction of            |   | (I.R.S.                Employer    |
| incorporation                or organization)             |   | Identification                No.) |
|                                                      |   |                               |
| **160                Cassell Road, P.O. Box 144**         |   |                               |
| **  Harleysville,                Pennsylvania** |   | **19438**                          |
| (Address                of principal executive offices)   |   | (Zip                Code)          |

----

----

----

**MET-PRO            CORPORATION**

**INDEX**

| **PART              I - FINANCIAL              INFORMATION** |                              |
|--------------------------------------------------------------|-----------------------------------|
|                                                         |                              |   |
| **               Item 1.**                              | Financial              Statements |   |

|   |                                                                                                                                                                                                                                                                              |   |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|   | Consolidated                      Balance Sheet as of                                  July 31, 2007 and January 31,                      2007                                                                        | 2      |
|   | Consolidated                      Statement of Operations for the                      six-month and three-month             periods                      ended July 31, 2007 and                      2006      | 3      |
|   | Consolidated                      Statement of Shareholders’ Equity                      for the             six-month                      periods ended July 31, 2007                      and 2006 | 4      |
|   | Consolidated                      Statement of Cash Flows for the                      six-month             periods                      ended July 31, 2007                      and 2006            | 5      |
|   | Notes                      to Consolidated Financial                      Statements                                                                                                                                                                                              | 6      |
|   | Report                      of Independent Registered Public Accounting                      Firm                                                                                                                                                                                 | 16     |
|   |                                                                                                                                                                                                                                                                              |   |

|                  **Item 2.**              | Management’s                  Discussion and Analysis of Financial                  Condition |           |
|------------------------------------------------|-----------------------------------------------------------------------------------------------------|----------------|
|                                           | and                Results of Operations                                                            | 17             |
|                                           |                                                                                                |           |
| **  ****Item                3.**     | Qualitative                and Quantitative Disclosures about Market                Risk            | 23             |
|                                           |                                                                                                |           |
| **  ****Item                4.**     | Controls                and Procedure                                                               | 23             |
|                                           |                                                                                                |           |
|                                           |                                                                                                |           |
| **PART                II - OTHER INFORMATION** |                                                                                                |
|                                           |                                                                                                |           |
| **  ****Item                1.**     | Legal                Proceedings                                                                    | 24             |
|                                           |                                                                                                |           |
| **  Item                1A.**        | Risk                Factors                                                                         | 24             |
|                                           |                                                                                                |           |
|                  **Item 2.**              | Unregistered                Sales of Equity Securities and Use of                Proceeds           | 25             |
|                                           |                                                                                                |           |
| **  ****Item                3.**     | Defaults                Upon Senior Securities                                                      | 25             |
|                                           |                                                                                                |           |
| **  ****Item                4.**     | Submission                of Matters to a Vote of Security                Holders                   | 26             |
|                                           |                                                                                                |           |
| **  ****Item                5.**     | Other                Information                                                                    | 26             |
|                                           |                                                                                                |           |
|                  **Item 6.**              | Exhibits                                                                                            | 26             |
|                                           |                                                                                                |           |
|                                           |                                                                                                |           |
| **SIGNATURES**                                 |                                                                                                |   27 |

----

Index

**MET-PRO          CORPORATION**

**CONSOLIDATED        BALANCE SHEET**

**(unaudited)**

| **PART                I – FINANCIAL INFORMATION**                                                                                            |                                                                         |   |                                           |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------|--------|------------------------------------------------|--------|
|                                                                                                                                               |                                                                         |   |                                           |   |
| **Item                1.  *Financial Statements***                                                                                       |                                                                         |   |                                           |   |
|                                                                                                                                               |                                                                         |   |                                           |   |
|                                                                                                                                               | **                        July 31,** |   |   January                31,    |   |
| **ASSETS**                                                                                                                                         | **                       2007**           |   |        2007 |   |
| Current                assets                                                                                                                      |                                                                         |   |                                           |   |
|        Cash                and cash equivalents                                                                 | **$24,426,816**                                                              |   | $17,322,194                                    |   |
|        Marketable                securities                                                                     | **24,043**                                                                   |   | 24,090                                         |   |
|        Accounts                receivable, net of allowance for doubtful                                        |                                                                         |   |                                           |   |
|          accounts                of approximately $150,000 and                                        |                                                                         |   |                                           |   |
|          $133,000,                respectively                                                        | **21,573,525**                                                               |   | 20,837,589                                     |   |
|        Inventories                                                                                              | **22,082,136**                                                               |   | 19,296,279                                     |   |
|                       Prepaid expenses, deposits and other current assets                                            | **1,751,891**                                                                |   | 1,748,130                                      |   |
|                Total                current assets                      | **69,858,411**                                                               |   | 59,228,282                                     |   |
| Property,                plant and equipment, net                                                                                                  | **16,217,855**                                                               |   | 16,832,988                                     |   |
| Costs                in excess of net assets of businesses acquired, net                                                                           | **20,798,913**                                                               |   | 20,798,913                                     |   |
| Other                assets                                                                                                                        | **294,610**                                                                  |   | 306,403                                        |   |
|               **Total assets**                                               | **$107,169,789**                                                             |   | $97,166,586                                    |   |
|                                                                                                                                               |                                                                         |   |                                           |   |
| **LIABILITIES                AND SHAREHOLDERS' EQUITY**                                                                                            |                                                                         |   |                                           |   |
| Current                liabilities                                                                                                                 |                                                                         |   |                                           |   |
|        Current                portion of long-term debt                                                         | **$1,981,082**                                                               |   | $1,955,202                                     |   |
|        Accounts                payable                                                                          | **9,057,973**                                                                |   | 6,450,813                                      |   |
|                       Accrued salaries, wages and expenses                                                           | **4,264,905**                                                                |   | 4,135,342                                      |   |
|                       Dividend payable                                                                               | **757,389**                                                                  |   | 757,029                                        |   |
|                       Customers' advances                                                                            | **2,333,909**                                                                |   | 981,680                                        |   |
|                       Deferred income taxes                                                                          | **242,457**                                                                  |   | 245,231                                        |   |
|                Total                current liabilities                 | **18,637,715**                                                               |   | 14,525,297                                     |   |
| Long-term                debt                                                                                                                      | **4,517,363**                                                                |   | 5,417,990                                      |   |
| Other                non-current liabilities                                                                                                       | **3,305,321**                                                                |   | 3,276,551                                      |   |
| Deferred                income taxes                                                                                                               | **2,335,529**                                                                |   | 1,369,591                                      |   |
|                Total                liabilities                         | **28,795,928**                                                               |   | 24,589,429                                     |   |
|                                                                                                                                               |                                                                         |   |                                           |   |
| Shareholders'                equity                                                                                                                |                                                                         |   |                                           |   |
|        Common                shares, $.10 par value; 18,000,000 shares                                          |                                                                         |   |                                           |   |
|           authorized,                12,846,608 shares issued,                                   |                                                                         |   |                                           |   |
|           of                which 1,588,563 and 1,631,364 shares were reacquired                 |                                                                         |   |                                           |   |
|           and                held in treasury at the respective dates                            | **1,284,661**                                                                |   | 1,284,661                                      |   |
|                       Additional paid-in capital                                                                     | **8,254,499**                                                                |   | 7,910,708                                      |   |
|                       Retained earnings                                                                              | **79,687,717**                                                               |   | 74,921,913                                     |   |
|                       Accumulated other comprehensive income (loss)                                                  | **351,891**                                                                  |   | (33,471                                        | )      |
|                       Treasury shares, at cost                                                                       | **(11,204,907**                                                              | **)**  | (11,506,654                                    | )      |
|                               Total shareholders' equity                     | **78,373,861**                                                               |   | 72,577,157                                     |   |
| **                              Total liabilities and shareholders' equity** | **$107,169,789**                                                             |   | $97,166,586                                    |   |
| See                accompanying notes to consolidated financial statements.                                                                   |                                                                         |   |                                           |

----

Index

**MET-PRO            CORPORATION**

**CONSOLIDATED      STATEMENT OF      OPERATIONS**

**(unaudited)**

|                                                            | **   Six                Months Ended****  July                31,** |   | **     Three                Months Ended****       July                31,** |   |
|-----------------------------------------------------------------|----------------------------------------------------------------------------------------------|--------|------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                            |      **2007**                                                       |   |       2006                                                                                                 |   | **                     2007** |   |                      2006 |   |
| **Net                sales**                                    | **$49,512,698**                                                                              |   | $43,557,923                                                                                                                              |   | **$27,596,089** |   | $23,778,882 |   |
| Cost                of goods sold                               | **33,557,349**                                                                               |   | 30,968,074                                                                                                                               |   | **18,560,267** |   | 17,044,392 |   |
| Gross                profit                                     | **15,955,349**                                                                               |   | 12,589,849                                                                                                                               |   | **9,035,822** |   | 6,734,490 |   |
|                                                            |                                                                                         |   |                                                                                                                                     |   |   |   |   |   |
| **Operating                expenses (income)**                  |                                                                                         |   |                                                                                                                                     |   |   |   |   |   |
|    Selling                                       | **4,589,778**                                                                                |   | 3,972,366                                                                                                                                |   | **2,519,901** |   | 2,076,187 |   |
|    General                and administrative     | **5,407,261**                                                                                |   | 4,539,931                                                                                                                                |   | **2,923,408** |   | 2,181,418 |   |
|    Gain                on sale of building       | **(3,513,940**                                                                               | **)**  | -                                                                                                                                        |   | **-** |   | - |   |
|                                                            | **6,483,099**                                                                                |   | 8,512,297                                                                                                                                |   | **5,443,309** |   | 4,257,605 |   |
| Income                from operations                           | **9,472,250**                                                                                |   | 4,077,552                                                                                                                                |   | **3,592,513** |   | 2,476,885 |   |
|                                                            |                                                                                         |   |                                                                                                                                     |   |   |   |   |   |
| Interest                expense                                 | **(170,698**                                                                                 | **)**  | (147,314                                                                                                                                 | )      | **(90,546** | **)** | (87,509 | ) |
| Other                income, net                                | **516,393**                                                                                  |   | 505,251                                                                                                                                  |   | **299,087** |   | 270,453 |   |
| Income                before taxes                              | **9,817,945**                                                                                |   | 4,435,489                                                                                                                                |   | **3,801,054** |   | 2,659,829 |   |
|                                                            |                                                                                         |   |                                                                                                                                     |   |   |   |   |   |
| Provision                for taxes                              | **3,412,001**                                                                                |   | 1,419,356                                                                                                                                |   | **1,273,353** |   | 851,144 |   |
| **Net                income**                                   | **$6,405,944**                                                                               |   | $3,016,133                                                                                                                               |   | **$2,527,701** |   | $1,808,685 |   |
|                                                            |                                                                                         |   |                                                                                                                                     |   |   |   |   |   |
| **Earnings                per share, basic (1)**                | **$.57**                                                                                     |   | $.27                                                                                                                                     |   | **$.23** |   | $.16 |   |
| **Earnings                per share, diluted (2)**              | **$.56**                                                                                     |   | $.27                                                                                                                                     |   | **$.22** |   | $.16 |   |
| **Cash                dividend per share – declared (3)** | **$.1350**                                                                                   |   | $.1250                                                                                                                                   |   | **$.0675** |   | $.0625 |   |
| **Cash                dividend per share – paid (3)**     | **$.1350**                                                                                   |   | $.1250                                                                                                                                   |   | **$.0675** |   | $.0625 |   |

|   | (1)    | Basic                earnings per share are based upon the weighted average number of                shares                outstanding of 11,226,822 and 11,202,088 for the six-month periods                ended                July 31, 2007 and 2006, respectively, and 11,222,658 and 11,201,507                for                the three-month periods ended July 31, 2007 and 2006,                respectively.                                                                                                                                                                                                                                      |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|   | (2)    | Diluted                earnings per share are based upon the weighted average number of                shares                outstanding of 11,473,431 and 11,379,867 for the six-month periods                ended                July 31, 2007 and 2006, respectively, and 11,470,742 and 11,383,659                for                the three-month periods ended July 31, 2007 and 2006,                respectively.                                                                                                                                                                                                                                    |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|   | (3)    | The                Board of Directors declared quarterly dividends of $.0675 per share                payable on March 14, 2007,    June 12, 2007, and                September 10, 2007 to shareholders of record as of February 28, 2007,                May                29, 2007, and August 27, 2007, respectively.  Quarterly                dividends of $.0625 per share were paid on March 9, 2006, June 7,                2006,                and September 6, 2006 to shareholders of record as of February 24,                2006,                May 26, 2006, and August 24, 2006,                respectively. |

| See                  accompanying notes to consolidated financial                  statements. |  |
|------------------------------------------------------------------------------------------------|--|

----

Index

**MET-PRO          CORPORATION**

**CONSOLIDATED      STATEMENT OF SHAREHOLDERS'      EQUITY**

** (unaudited)**

|   |       |           |         |              |         |      |   |
|--------|------------|----------------|--------------|-------------------|--------------|-----------|--------|
|   |       |           |         | **Accumulated**   |         |      |   |
|   |       | **Additional** |         | **Other**         |         |      |   |
|   | **Common** | **Paid-in**    | **Retained** | **Comprehensive** | **Treasury** |      |   |
|   | **Shares** | **Capital**    | **Earnings** | **Income/(Loss)** | **Shares**   | **Total** |   |

| **Balances,                  January 31, 2007**                                       | $1,284,661 | $7,910,708 |   | $74,921,913 |   | ($33,471 | )      | ($11,506,654 | )      | $72,577,157 |   |
|---------------------------------------------------------------------------------------|------------|------------|--------|-------------|--------|----------|--------|--------------|--------|-------------|--------|
|                                                                                  |       |       |   |        |   |     |   |         |   |        |   |
| Comprehensive                  income:                                                |       |       |   |        |   |     |   |         |   |        |   |
|    Net                  income                                         | -          | -          |   | 6,405,944   |   | -        |   | -            |   |        |   |
|    Adoption                  of FIN No. 48                             | -          | -          |   | (125,000    | )      | -        |   | -            |   |        |   |
|    Foreign                  currency translation                       |       |       |   |        |   |     |   |         |   |        |   |
|      adjustment                                              | -          | -          |   | -           |   | 280,143  |   | -            |   |        |   |
|    Interest                  rate swap,                                |       |       |   |        |   |     |   |         |   |        |   |
|      net                  of tax of** **($61,813)       | -          | -          |   | -           |   | 105,249  |   | -            |   |        |   |
|    Securities                  available for sale,                     |       |       |   |        |   |     |   |         |   |        |   |
|      net                  of tax of $17                      | -          | -          |   | -           |   | (30      | )      | -            |   |        |   |
|        Total                  comprehensive income |       |       |   |        |   |     |   |         |   | 6,666,306   |   |
|                                                                                  |       |       |   |        |   |     |   |         |   |        |   |
| Dividends                  paid, $.0675 per share                                     | -          | -          |   | (757,751    | )      | -        |   | -            |   | (757,751    | )      |
| Dividends                  declared, $.0675 per                                       |       |       |   |        |   |     |   |         |   |        |   |
|                       share                                       | -          | -          |   | (757,389    | )      | -        |   | -            |   | (757,389    | )      |
| Stock-based                  compensation                                             | -          | 255,054    |   | -           |   | -        |   | -            |   | 255,054     |   |
| Stock                  option transactions                                            | -          | 88,737     |   | -           |   | -        |   | 301,747      |   | 390,484     |   |
| **Balances,                  July 31, 2007**                                          | $1,284,661 | $8,254,499 |   | $79,687,717 |   | $351,891 |   | ($11,204,907 | )      | $78,373,861 |   |

|   |       |           |         |              |         |      |   |
|--------|------------|----------------|--------------|-------------------|--------------|-----------|--------|
|   |       |           |         |              |         |      |   |
|   |       |           |         | **Accumulated**   |         |      |   |
|   |       | **Additional** |         | **Other**         |         |      |   |
|   | **Common** | **Paid-in**    | **Retained** | **Comprehensive** | **Treasury** |      |   |
|   | **Shares** | **Capital**    | **Earnings** | **Income/(Loss)** | **Shares**   | **Total** |   |

| **Balances,                  January 31, 2006**                                       | $1,284,661 | $7,564,180 |   | $70,645,717 |   | ($321,821 | )      | ($11,634,499 | )      | $67,538,238 |   |
|---------------------------------------------------------------------------------------|------------|------------|--------|-------------|--------|-----------|--------|--------------|--------|-------------|--------|
|                                                                                  |       |       |   |        |   |      |   |         |   |        |   |
| Comprehensive                  income:                                                |       |       |   |        |   |      |   |         |   |        |   |
|    Net                  income                                         | -          | -          |   | 3,016,133   |   | -         |   | -            |   |        |   |
|    Foreign                  currency translation                       |       |       |   |        |   |      |   |         |   |        |   |
|      adjustment                                              | -          | -          |   | -           |   | 201,298   |   | -            |   |        |   |
|    Interest                  rate swap,                                |       |       |   |        |   |      |   |         |   |        |   |
|      net                  of tax of $43,599                  | -          | -          |   | -           |   | 90,864    |   | -            |   |        |   |
|        Total                  comprehensive income |       |       |   |        |   |      |   |         |   | 3,308,295   |   |
|                                                                                  |       |       |   |        |   |      |   |         |   |        |   |
| Dividends                  paid, $.0625 per share                                     | -          | -          |   | (700,287    | )      | -         |   | -            |   | (700,287    | )      |
| Dividends                  declared, $.0625 per                                       |       |       |   |        |   |      |   |         |   |        |   |
|      share                                                   | -          | -          |   | (700,286    | )      | -         |   | -            |   | (700,286    | )      |
| Stock-based                  compensation                                             | -          | 163,601    |   | -           |   | -         |   | -            |   | 163,601     |   |
| Stock                  option transactions                                            | -          | 2,589      |   | -           |   | -         |   | 52,642       |   | 55,231      |   |
| **Balances,                  July 31, 2006**                                          | $1,284,661 | $7,730,370 |   | $72,261,277 |   | ($29,659  | )      | ($11,581,857 | )      | $69,664,792 |   |
| See                  accompanying notes to consolidated financial statements.         |       |       |   |        |

----

Index

**MET-PRO          CORPORATION**

**CONSOLIDATED      STATEMENT OF CASH FLOWS**

**(unaudited)**

|   |   |   |                                                   |
|--------|--------|--------|--------------------------------------------------------|
|   |   |   | **                  Six Months Ended**       |
|   |   |   | **                   July 31,**         |
|   |   |   | **                     2007** |   |                    2006 |   |

**INCREASE      (DECREASE) IN CASH AND CASH EQUIVALENTS**

| **Cash                flows from operating activities**                                                                                                                                                |   |   |            |   |         |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|-----------------|--------|--------------|--------|
|    Net                income                                                                                                                                                            |   |   | **$6,405,944**  |   | $3,016,133   |   |
| **   **Adjustments                to reconcile net income to net           cash                provided by operating activities: |   |   |            |   |         |   |
| **       **Depreciation                and amortization                                                                                                             |   |   | **843,274**     |   | 768,427      |   |
|        Deferred                income taxes                                                                                                                         |   |   | **899,167**     |   |  (1,106 | )      |
|        (Gain)                on sale of property and equipment, net                                                                                                 |   |   | **(3,516,683**  | **)**  | (11,589      | )      |
|        Stock-based                compensation                                                                                                                      |   |   | **255,054**     |   | 163,601      |   |
|        Allowance                for doubtful accounts                                                                                                               |   |   | **17,211**      |   | (79,629      | )      |
|        (Increase)                decrease in operating assets:                                                                                                      |   |   |            |   |         |   |
|            Accounts                receivable                                                                                                   |   |   | **(610,728**    | **)**  | 1,607,822    |   |
|            Inventories                                                                                                                          |   |   | **(2,654,774**  | **)**  | (1,405,805   | )      |
|            Prepaid                expenses, deposits and other current assets                                                                   |   |   | **20,744**      |   | 247,600      |   |
|            Other                assets                                                                                                          |   |   | **(4,841**      | **)**  | (4,644       | )      |
|        Increase                (decrease) in operating liabilities:                                                                                                 |   |   |            |   |         |   |
|            Accounts                payable and accrued expenses                                                                                 |   |   | **2,505,115**   |   | (276,556     | )      |
|            Customers’                advances                                                                                             |   |   | **1,351,575**   |   | (532,636     | )      |
|            Other                non-current liabilities                                                                                         |   |   | **28,770**      |   | 1,098        |   |
|          Net                cash provided by operating activities                                                                                         |   |   | **5,539,828**   |   | 3,492,716    |   |
|                                                                                                                                                                                                   |   |   |            |   |         |   |
| **Cash                flows from investing activities**                                                                                                                                                |   |   |            |   |         |   |
|    Proceeds                from sale of property and equipment                                                                                                                          |   |   | **4,345,282**   |   | 12,810       |   |
|    Acquisitions                of property and equipment                                                                                                                                |   |   | **(864,953**    | **)**  | (3,275,209   | )      |
|          Net                cash provided by (used in) investing activities                                                                               |   |   | **3,480,329**   |   | (3,262,399   | )      |
|                                                                                                                                                                                                   |   |   |            |   |         |   |
| **Cash                flows from financing activities**                                                                                                                                                |   |   |            |   |         |   |
|    Proceeds                from new borrowings                                                                                                                                          |   |   | **-**           |   | 4,140,315    |   |
|    Reduction                of debt                                                                                                                                                     |   |   | **(758,148**    | **)**  | (713,113     | )      |
|    Exercise                of stock options                                                                                                                                             |   |   | **390,484**     |   | 55,232       |   |
|    Payment                of dividends                                                                                                                                                  |   |   | **(1,514,780**  | **)**  | (1,400,107   | )      |
|          Net                cash provided by (used in) financing activities                                                                               |   |   | **(1,882,444**  | **)**  | 2,082,327    |   |
| Effect                of exchange rate changes on cash                                                                                                                                                 |   |   | **(33,091**     | **)**  | 23,357       |   |
|                                                                                                                                                                                                   |   |   |            |   |         |   |
| **Net                increase in cash and cash equivalents**                                                                                                                                           |   |   | **7,104,622**   |   | 2,336,001    |   |
|                                                                                                                                                                                                   |   |   |            |   |         |   |
| Cash                and cash equivalents at February 1                                                                                                                                                 |   |   | **17,322,194**  |   | 17,683,305   |   |
| **Cash                and cash equivalents at July 31 **                                                                                                                                          |   |   | **$24,426,816** |   | $20,019,306  |   |
| See                accompanying notes to consolidated financial statements.                                                                                                                            |   |   |            |   |

----

Index

**MET-PRO          CORPORATION**

**NOTES      TO CONSOLIDATED FINANCIAL STATEMENTS**

**NOTE      1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**

**Recent      Accounting Pronouncements**

----

Index

**MET-PRO            CORPORATION**

**NOTES      TO CONSOLIDATED FINANCIAL STATEMENTS**

*“*
*. *

| **NOTE                  2 – PRINCIPLES OF CONSOLIDATION** |   |
|-----------------------------------------------------------------|--------|

| **NOTE                  3 – BASIS OF PRESENTATION** |   |
|-----------------------------------------------------------|--------|

----

Index

**MET-PRO          CORPORATION**

**NOTES      TO CONSOLIDATED FINANCIAL STATEMENTS**

**NOTE      4 – STOCK-BASED COMPENSATION**

**Stock      Options:**

|                                         |    Six                Months Ended |
|----------------------------------------------|---------------------------------------------------|
|                                         | July                31,                           |
|                                         | 2007                                              |   | 2006 |
|  Expected                term (years)   | 5.0                                               |   | 5.0 |
|  Risk-free                interest rate | 4.50%                - 4.58%                      |   | 3.63%                - 4.58% |
|  Expected                volatility     | 29%                - 30%                          |   | 30%                - 32% |
|  Dividend                yield          | 1.86%                - 3.39%                      |   | 2.26%                - 3.39% |

|   |   |                         |                          | Weighted                    |                           |
|--------|--------|------------------------------|-------------------------------|-----------------------------|--------------------------------|
|   |   |                         | Weighted                      | Average                     |                           |
|   |   |                         | Average                       | Remaining                   | Aggregate                      |
|   |   |                  Shares | Exercise                Price | Life                (years) | Intrinsic                Value |

| Options: |                                           |    |     |   |   |   |
|----------|------------------------------------------------|---------|----------|--------|--------|--------|
|     | Outstanding                at February 1, 2007 | 956,941 | $10.6892 |   | 7.49   |   |   |
|     | Granted                                        | -       | -        |   |   |   |   |
|     | Forfeited                                      | 12,667  | -        |   |   |   |   |
|     | Expired                                        | -       | -        |   |   |   |   |
|     | Exercised                                      | 42,801  | 9.1232   |   |   |   |   |
|     | Outstanding                at July 31, 2007    | 901,473 | $10.7169 |   | 6.99   |   | $4,447,056 |
|     |                                           |    |     |   |   |   |   |
|     | Exercisable                at July 31, 2007    | 678,801 | $9.6621  |   | 6.99   |   | $4,064,593 |

----

Index

**MET-PRO          CORPORATION**

**NOTES      TO CONSOLIDATED FINANCIAL STATEMENTS**

|   |   | Options                Outstanding                                                                         |                            | Options                Exercisable |
|--------|--------|------------------------------------------------------------------------------------------------------------|---------------------------------|------------------------------------|
|   |   |                                                                                                       | Weighted                Average |                               |   |   |   |
|   |   |                                                                                                       | Remaining                       | Weighted                Average    |   |   | Weighted                Average |
|   |   |                         Shares       | Life                (years)     | Exercise                Price      |   |                    Shares | Exercise                Price |

| Range                of prices:     |   |    |   |   |   |     |   |   |    |   |    |   |
|-------------------------------------|--------|---------|--------|--------|--------|----------|--------|--------|---------|--------|---------|--------|
| $5.48                – 5.99   |   | 32,980  |   | 2.45   |   | $5.5533  |   |   | 32,980  |   | $5.5533 |   |
| $6.00                – 6.99   |   | 59,382  |   | 3.63   |   | 6.8063   |   |   | 59,382  |   | 6.8063  |   |
| $7.00                – 8.99   |   | 187,097 |   | 5.27   |   | 7.3740   |   |   | 187,097 |   | 7.3740  |   |
| $9.00                – 11.99  |   | 153,340 |   | 7.68   |   | 9.8813   |   |   | 153,340 |   | 9.8813  |   |
| $12.00                – 12.99 |   | 299,674 |   | 7.69   |   | 12.4243  |   |   | 246,002 |   | 12.5059 |   |
| $13.00                – 14.99 |   | 169,000 |   | 9.51   |   | 14.5300  |   |   | -       |   | -       |   |
|                                |   | 901,473 |   | 6.99   |   | $10.7169 |   |   | 678,801 |   | $9.6621 |   |

**NOTE      5 – MARKETABLE SECURITIES**

**NOTE      6 – INVENTORIES**

|                            |      July                31,    2007 |   |    January                31,    2007 |
|---------------------------------|-----------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------|
| Raw                materials    | $15,049,792                                                                       |   | $13,596,396                                                              |
| Work                in progress | 4,228,884                                                                         |   | 2,365,479                                                                |
| Finished                goods   | 2,803,460                                                                         |   | 3,334,404                                                                |
|                            | $22,082,136                                                                       |   | $19,296,279                                                              |

----

Index

**MET-PRO            CORPORATION**

**NOTES      TO CONSOLIDATED FINANCIAL STATEMENTS**

**NOTE      7 – SUPPLEMENTAL CASH FLOW INFORMATION**

|                                                        |      | Six                Months Ended |
|-------------------------------------------------------------|-----------|---------------------------------|
|                                                        |      | July                31,         |
|                                                        | 2007      |                            | 2006 |
|   Cash                paid during the period for: |      |                            |   |
|      Interest                      | $173,826  |                            | $155,138 |
|      Income                taxes   | 2,722,978 |                            | 1,964,283 |

**NOTE      8 – INCOME TAXES**

----

Index

**MET-PRO            CORPORATION**

**NOTES      TO CONSOLIDATED FINANCIAL STATEMENTS**

**NOTE 9 –DEBT     **

|   |  July                31, |   | January                31,                                                             |
|--------|-------------------------------|--------|----------------------------------------------------------------------------------------|
|   |  2007                    |   |                            2007 |

|                                                                                                        |       |   |       |
|-------------------------------------------------------------------------------------------------------------|------------|--------|------------|
| Bond                payable, bank, payable in quarterly installments of                                     |       |   |       |
|      $58,460,                plus interest at a rate of 16 basis points below      |       |   |       |
|      the                ninety day LIBOR rate (effective interest rate of 5.19%    |       |   |       |
|      at                July 31, 2007), maturing April, 2021, collateralized        |       |   |       |
|      by                the Telford, PA building                                    | $3,215,325 |   | $3,332,246 |
|                                                                                                        |       |   |       |
| Note                payable, bank, payable in quarterly installments of                                     |       |   |       |
|      $300,000,                plus interest at a rate of 75 basis points over      |       |   |       |
|      the                ninety day LIBOR rate (effective interest rate of 6.10%    |       |   |       |
|      at                July 31, 2007), maturing October, 2008                      | 1,800,000  |   | 2,400,000  |
|                                                                                                        |       |   |       |
| Note                payable, bank, payable in quarterly installments of                                     |       |   |       |
|      $34,202                (25,000 Euro), plus interest at a fixed rate of 3.82%, |       |   |       |
|      maturing                January, 2016                                         | 1,162,886  |   | 1,173,061  |
|                                                                                                        |       |   |       |
| Line                of credit, $410,430 (300,000 Euro), payable upon demand,                                |       |   |       |
|      plus                interest at a rate of 70 basis points over the thirty day |       |   |       |
|      EURIBOR                rate (effective interest rate of 4.81% at              |       |   |       |
|      July                31, 2007)                                                 | 410,430    |   | 391,020    |
|                                                                                                        |       |   |       |
|                                                                                                        | 6,588,641  |   | 7,296,327  |
| Less                current portion                                                                         | 1,981,082  |   | 1,955,202  |
|                                                                                                        | 4,607,559  |   | 5,341,125  |
| Fair                market value of interest rate                                                           |       |   |       |
|      swap                liability                                                 | (90,196    | )      | 76,865     |
| Long-term                portion                                                                            | $4,517,363 |   | $5,417,990 |

----

Index

**MET-PRO          CORPORATION**

**NOTES      TO CONSOLIDATED FINANCIAL STATEMENTS**

| **Year                Ending** |       |
|--------------------------------|------------|
| **January                31,** |       |
| 2008                           | $1,981,082 |
| 2009                           | 1,570,648  |
| 2010                           | 370,648    |
| 2011                           | 370,648    |
| 2012                           | 370,648    |
| Thereafter                     | 1,924,967  |
|                           | $6,588,641 |

**NOTE      10 – ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)**

|                                                                        |        July                31, |   |     January                31, |   |
|-----------------------------------------------------------------------------|-------------------------------------------------------------------|--------|----------------------------------------------------|--------|
|                                                                        |        2007                    |   |       2007           |   |
| Interest                rate swap, net of tax                               | $56,824                                                           |   | ($48,425                                           | )      |
| Unrealized                gain on securities available-for sale, net of tax | 1,400                                                             |   | 1,430                                              |   |
| Foreign                currency translation adjustment                      | 971,873                                                           |   | 691,730                                            |   |
| Minimum                pension liability adjustment, net of tax             | (678,206                                                          | )      | (678,206                                           | )      |
|                                                                        | $351,891                                                          |   | ($33,471                                           | )      |

----

Index

**MET-PRO          CORPORATION**

**NOTES      TO CONSOLIDATED FINANCIAL STATEMENTS**

**NOTE      11 – OTHER INCOME, NET**

|                                      |                   |     Six                Months Ended July 31, |                             |     Three                Months Ended July 31, |             |
|-------------------------------------------|------------------------|------------------------------------------------------------------|----------------------------------|--------------------------------------------------------------------|------------------|
|                                      |  2007   |                                                             | 2006                   |                                                               | 2007   |   | 2006     |   |
| Interest                income            | $529,028               |                                                             | $493,984                         |                                                               | $306,669         |   | $248,893 |   |
| Other                miscellaneous income | (12,635                | )                                                                | 11,267                           |                                                               | (7,582           | ) | 21,560 |   |
|                                      | $516,393               |                                                             | $505,251                         |                                                               | $299,087         |   | $270,453 |   |

**NOTE      12 – EMPLOYEE BENEFIT PLANS**

|                                              | Pension                Benefits                                                                                             |   |
|---------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------|--------|
|                                              |                       Six Months Ended                      July 31, |   |                  Three Months Ended                 July 31, |   |
|                                              |          2007                                                                  |   |                  2006 |   |                       2007 |   |                         2006 |   |
| Service                cost                       | $74,128                                                                                                                     |   | $354,124 |   | $37,064 |   | $177,062 |   |
| Interest                cost                      | 520,082                                                                                                                     |   | 535,814 |   | 260,041 |   | 267,907 |   |
| Expected                return on plan assets     | (629,750                                                                                                                    | )      | (584,930 | ) | (314,875 | ) | (292,465 | ) |
| Amortization                of transition asset   | (742                                                                                                                        | )      | (8,058 | ) | (371 | ) | (4,029 | ) |
| Amortization                of prior service cost | 17,390                                                                                                                      |   | 49,406 |   | 8,695 |   | 24,703 |   |
| Recognized                net actuarial loss      | 20,368                                                                                                                      |   | 51,678 |   | 10,184 |   | 25,839 |   |
| Net                periodic benefit cost          | $1,476                                                                                                                      |   | $398,034 |   | $738 |   | $199,017 |   |

----

Index

**MET-PRO          CORPORATION**

**NOTES      TO CONSOLIDATED FINANCIAL STATEMENTS**

**NOTE      13 – BUSINESS SEGMENT DATA**

*Product      Recovery/Pollution Control Technologies:*

*Fluid      Handling Technologies:*

*Filtration/Purification      Technologies*

----

Index

**MET-PRO            CORPORATION**

**NOTES      TO CONSOLIDATED FINANCIAL STATEMENTS**

|                                                                                         |      Six                Months Ended July 31, |   |   Three                Months Ended July 31,   |
|----------------------------------------------------------------------------------------------|------------------------------------------------------------------------|--------|--------------------------------------------------------------------|
|                                                                                         | 2007                                                                   |   | 2006                                                               |   |   | 2007 |   |       2006    |
| **Net                sales**                                                                 |                                                                   |   |                                                               |   |   |   |   |   |
|      Product                recovery/pollution control technologies | $25,099,730                                                            |   | $22,091,252                                                        |   |   | $14,552,844 |   |  $12,792,903 |
|      Fluid                handling technologies                     | 13,411,570                                                             |   | 12,023,633                                                         |   |   | 7,357,498 |   | 6,106,139 |
|      Filtration/purification                technologies            | 11,001,398                                                             |   | 9,443,038                                                          |   |   | 5,685,747 |   | 4,879,840 |
|                                                                                         | $49,512,698                                                            |   | $43,557,923                                                        |   |   | $27,596,089 |   |  $23,778,882 |
|                                                                                         |                                                                   |   |                                                               |   |   |   |   |   |
| **Income                from operations**                                                    |                                                                   |   |                                                               |   |   |   |   |   |
|      Product                recovery/pollution control technologies | $2,594,384                                                             |   | $1,406,072                                                         |   |   | $1,681,324 |   | $839,358 |
|      Fluid                handling technologies                     | 2,732,614                                                              |   | 1,733,748                                                          |   |   | 1,569,300 |   | 1,038,204 |
|      Filtration/purification                technologies            | 631,312                                                                |   | 937,732                                                            |   |   | 341,889 |   | 599,323 |
|                                                                                         | 5,958,310                                                              |   | 4,077,552                                                          |   |   | 3,592,513 |   | 2,476,885 |
|      Gain                on sale of building                        | 3,513,940                                                              |   | -                                                                  |   |   | - |   | - |
|                                                                                         | $9,472,250                                                             |   | $4,077,552                                                         |   |   | $3,592,513 |   | $2,476,885 |

|                                                           |                           July 31, |   |                  January 31, |
|----------------------------------------------------------------|--------------------------------------------------------------------------------------|--------|-----------------------------------|
|                                                           |                          2007           |   |                  2007        |
| **Identifiable                assets**                         |                                                                                 |   |                              |
| Product                recovery/pollution control technologies | $36,026,103                                                                          |   | $35,332,252                       |
| Fluid                handling technologies                     | 21,421,043                                                                           |   | 21,667,719                        |
| Filtration/purification                technologies            | 20,343,643                                                                           |   | 20,514,339                        |
|                                                           | 77,790,789                                                                           |   | 77,514,310                        |
| Corporate                                                      | 29,379,000                                                                           |   | 19,652,276                        |
|                                                           | $107,169,789                                                                         |   | $97,166,586                       |

**NOTE      14 – ACCOUNTANTS’ 10-Q REVIEW**

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Index

**MET-PRO          CORPORATION**

**REPORT      OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING      FIRM**

| To              the Board of Directors  |   |
|----------------------------------------------|--------|
| Met-Pro                  Corporation |   |
|--------------------------------------|--------|

| Harleysville,                  Pennsylvania |   |
|---------------------------------------------|--------|

|   | /s/                Margolis & Company P.C. |
|--------|------------------------------------------------|
|   | Certified                Public Accountants    |

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Index

**MET-PRO          CORPORATION**

**Item      2.  *Management’s Discussion and Analysis of      Financial Condition and Results of Operations***

*The      following discussion should be read in conjunction with, and is qualified in      its      entirety by, the Unaudited Consolidated Financial Statements and Notes thereto      included elsewhere in this Quarterly Report on Form 10-Q. This item contains      forward-looking statements that involve risks and uncertainties. Actual results      may differ materially from those indicated in such forward-looking statements.      Factors that may cause such a difference include, but are not limited to, those      discussed in “Item 1A: Risk Factors” of our Annual Report on Form 10-K for      the year ended January 31, 2007.*

***Results      of Operations:***

|   |   |   | **Six                Months Ended** |   |                   **Three Months Ended** |
|--------|--------|--------|-------------------------------------|--------|----------------------------------------------------|
|   |   |   | **July                31,**         |   |  **July                31,**                  |

|   |   | **  2007 ** |   | **2006** |   | **2007** |   | **2006** |   |
|--------|--------|----------------------------|--------|----------|--------|----------|--------|----------|--------|

| Net                sales                           |   | **100.0%** |   | 100.0% |   | **100.0%**     |   | 100.0%     |   |
|----------------------------------------------------|--------|------------|--------|--------|--------|----------------|--------|------------|--------|
| Cost                of goods sold                  |   | **67.8%**  |   | 71.1%  |   | **67.3%**      |   | 71.7%      |   |
| Gross                profit                        |   | **32.2%**  |   | 28.9%  |   | **32.7%**      |   | 28.3%      |   |
|                                               |   |       |   |   |   |           |   |       |   |
| Selling                expenses                    |   | **9.3%**   |   | 9.1%   |   | **9.1%**       |   | 8.7%       |   |
| General                and administrative expenses |   | **10.9%**  |   | 10.4%  |   | **10.6%**      |   | 9.2%       |   |
| Gain                on sale of building            |   | **(7.1%**  | **)**  | -      |   | **-**          |   | -          |   |
| Income                from operations              |   | **19.1%**  |   | 9.4%   |   | **13.0%**      |   | 10.4%      |   |
|                                               |   |       |   |   |   |           |   |       |   |
| Interest                expense                    |   | **(.3%**   | **)**  | (.3%   | )      | **(.3%**       | **)**  | (.4%       | )      |
| Other                income, net                   |   | **1.0%**   |   | 1.1%   |   | **1.1%**       |   | 1.2%       |   |
| Income                before taxes                 |   | **19.8%**  |   | 10.2%  |   | **13.8%**      |   | 11.2%      |   |
|                                               |   |       |   |   |   |           |   |       |   |
| Provision                for taxes                 |   | **6.9%**   |   | 3.3%   |   | ** 4.6%** |   |  3.6% |   |
| Net                income                          |   | **12.9%**  |   | 6.9%   |   | ** 9.2%** |   |  7.6% |   |

***Six      Months Ended July 31, 2007 vs. Six Months Ended July 31,      2006***

----

Index

**MET-PRO            CORPORATION**

**Item      2.  *Management’s Discussion and Analysis of Financial Condition      and Results of Operations continued…***

----

Index

**MET-PRO            CORPORATION**

**Item      2.  *Management’s Discussion and Analysis of Financial Condition and      Results of Operations continued…***

***Three      Months Ended July 31, 2007 vs. Three Months Ended July 31,      2006***

----

Index

**MET-PRO            CORPORATION**

**Item      2.  *Management’s Discussion and Analysis of Financial Condition and      Results of Operations continued…***

***Liquidity:***

----

Index

**MET-PRO            CORPORATION**

**Item      2.  *Management’s Discussion and Analysis of Financial Condition      and Results of Operations**continued…***

***Capital      Resources and Requirements:***

***Critical      Accounting Policies and Estimates:***

----

Index

**MET-PRO              CORPORATION**

**Item      2.  *Management’s Discussion and Analysis of Financial Condition      and Results of Operations**continued…***

***Cautionary      Statement Concerning Forward-Looking Statements:***

| ·      | the                write-down of costs in excess of net assets of businesses acquired                (goodwill), as a result of the determination that the acquired business                is                impaired.  Our Flex-Kleen business unit, which initially                performed well after being acquired by Met-Pro, thereafter had several                years of declining performance which we attributed primarily to a                general                weakness in its served markets, followed by improved performance                in the                fiscal years ended January 31, 2007, 2006 and 2005.  During the                fiscal year ended January 31, 2007, we performed an impairment analysis                of                the $11.1 million of goodwill that the Company carries for Flex-Kleen                and                concluded that no impairment had occurred.  For the six-month                period ended July 31, 2007, the annualized projection for net sales                and                operating profit for our Flex-Kleen business unit currently exceeds                the                projections used in our annual impairment model for the fiscal year                ended                January 31, 2008; |
|--------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·      | materially                adverse changes in economic conditions in the markets served by us                or in                significant customers of ours; |
|--------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·      | material                changes in available technology; |
|--------------------------------------|----------------------------------------------------------|

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Index

**MET-PRO            CORPORATION**

**Item      2.  *Management’s Discussion and Analysis of Financial Condition      and Results of Operations**continued…***

| ·      | adverse                developments in the asbestos cases that have been filed against the                Company, including without limitation the exhaustion of insurance                coverage, the insolvency of our insurance carriers, the imposition                of                punitive damages or other adverse developments in the availability                of                insurance coverage; |
|--------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·      | changes                in accounting rules promulgated by regulatory agencies, including                the SEC,                which could result in an impact on                earnings; |
|--------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·      | the                cost of compliance with Sarbanes-Oxley and other applicable legal                and                listing requirements, and the unanticipated possibility that Met-Pro                may                not meet these requirements; |
|--------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·      | unexpected                results in our product development                activities; |
|--------------------------------------|-----------------------------------------------------------------------------------------|

| ·      | loss                of key customers; |
|--------------------------------------|---------------------------------------|

| ·      | changes                in product mix and the cost of materials, with effect on                margins; |
|--------------------------------------|---------------------------------------------------------------------------------------------------------|

| ·      | changes                in our existing management; |
|--------------------------------------|----------------------------------------------------|

| ·      | exchange                rate fluctuations; |
|--------------------------------------|--------------------------------------------|

| ·      | changes                in federal laws, state laws and                regulations; |
|--------------------------------------|------------------------------------------------------------------------------------|

| ·      | lower                than anticipated return on investments in the Company’s defined benefit                plans, which could affect the amount of the Company’s pension                liabilities; |
|--------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·      | the                assertion of litigation claims that the Company’s products, including                products produced by companies acquired by the Company, infringe                third                party patents or have caused injury, loss or                damage; |
|--------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·      | the                effect of acquisitions and other strategic                ventures; |
|--------------------------------------|----------------------------------------------------------------------------------------|
| ·      | failure                to properly quote and/or execute customer orders, including                misspecifications, design, engineering or production                errors; |
|--------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·      | the                cancellation or delay of purchase orders or                shipments; |
|--------------------------------------|------------------------------------------------------------------------------------------|

| ·      | losses                related to international sales;                and/or |
|--------------------------------------|-----------------------------------------------------------------------------|

| ·      | failure                in execution of acquisition                strategy. |
|--------------------------------------|-----------------------------------------------------------------------------|

**Item      3.  *Qualitative and Quantitative Disclosures      About Market Risk***

We      are exposed to certain market risks, primarily changes in      interest rates.  There have been no significant changes in our      exposure to market risks since January 31, 2007.  Refer to“Item 7A. Quantitative and Qualitative Disclosure About Market Risks” of      the Company’s Annual Report on Form 10-K for the fiscal year ended      January 31, 2007 for additional information.

**Item      4.  *Controls and      Procedures***

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Index

**MET-PRO            CORPORATION**

**PART      II – OTHER INFORMATION**

**Item      1. *****Legal      Proceedings***

*Certain      of the statements made in this Item 1 (and elsewhere in this Report) are“forward-looking” statements which are subject to the considerations set forth      in “Cautionary Statement Regarding Forward-Looking Statements” located in the      Management’s Discussion and Analysis of Financial Condition and Results of      Operations section of this Report, and we refer you to these      considerations.*

**Item      1A.  *Risk      Factors***

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Index

**MET-PRO            CORPORATION**

**Item      2.   *Unregistered Sales of Equity      Securities and Use of Proceeds***

|                    (a)   | During                the second quarter ended July 31, 2007, we did not sell any of our                equity                securities that were not registered under the Securities Act of                1933. |
|---------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |
|--------|--------|
| (b)                 |  Not              applicable. |
|-------------------------------|------------------------------------|

|                    (c)   | The                following table summarizes Met-Pro’s purchases of its Common Shares for                the quarter ended July 31, 2007: |
|---------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------|
**Issuer      Purchases of**

**Equity      Securities**

| Period                         |   | TotalNumber                of SharesPurchased |   | AveragePrice                PaidPer                Share |   | TotalNumber                ofSharesPurchasedAs                Part ofPubliclyAnnouncedPlans                orPrograms |   | MaximumNumber                ofSharesThat                MayYet                bePurchasedUnder                thePlan                orPrograms |           (1) |
|--------------------------------|--------|-----------------------------------------------|--------|----------------------------------------------------------|--------|-----------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------|
|                           |   |                                          |   |                                                     |   |                                                                                                                  |   |                                                                                                                                             |                                                            |
| May                1-31, 2007  |   | 0                                             |   | $   -                                     |   | 0                                                                                                                     |   | 270,918                                                                                                                                          |                                                            |
| June                1-30, 2007 |   | 0                                             |   | -                                                        |   | 0                                                                                                                     |   | 270,918                                                                                                                                          |                                                            |
| July                1-31, 2007 |   | 0                                             |   | -                                                        |   | 0                                                                                                                     |   | 270,918                                                                                                                                          |                                                            |
| Total                          |   | 0                                             |   |      $   -       |   | 0                                                                                                                     |   | 270,918                                                                                                                                          |                                                            |

| (1)   | On                December 15, 2000, our Board of Directors authorized a Common Share                repurchase program that was publicly announced on December 19, 2000,                for                up to 533,333 (adjusted for stock split) shares.  The program                has no fixed expiration date. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Item      3. *****Defaults Upon Senior      Securities***

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Index

**MET-PRO            CORPORATION**

**Item      4.   *Submission of Matters to a Vote of      Security Holders***

|   |   |   |                   Number of Votes |
|--------|--------|--------|---------------------------------------------|

| Proposals                   |                                                     |   | For       |                         Against | Abstain/ Broker Non                Vote |
|-----------------------------|----------------------------------------------------------|--------|-----------|-------------------------------------------------------------------------|---------------------------------------------------|
| Proposal                1 - | Election                of Directors                     |   |      |                                                                    |                                              |
|                        |   Raymond                J. De Hont            |   | 9,774,929 | 331,545                                                                 | -                                                 |
|                        |   Nicholas                DeBenedictis         |   | 8,691,161 | 1,415,313                                                               | -                                                 |
| Proposal              2 -   | Selection              of Margolis & Company P.C. as |   |      |                                                                    |                                              |
|                        | Independent                Registered Public Accountants |   | 9,946,454 | 117,863                                                                 | 42,157                                            |

**Item      5.   *Other      Information***

**Item      6.   *Exhibits***

| (a)                                         |   | Exhibits                Required by Item 601 of Regulation S-K |
|---------------------------------------------|--------|----------------------------------------------------------------|
|                                        |   |                                                           |
|                                        |   | Exhibit                No.                                     |   | Description |
|                                        |   |                                                           |   |   |
|                                        |   | (10)(af)                                                       |   | Description              of Met-Pro Corporation FYE              2008 |
|                                        |   |                                                           |   | Management              Incentive Plan.* |
|                                        |   |                                                           |   |   |
|                                        |   | (31.1)                                                         |   | Certification                of the Chief Executive                Officer |
|                                        |   |                                                           |   | Pursuant                to Section 302 of the |
|                                        |   |                                                           |   | Sarbanes-Oxley                Act of 2002.* |
|                                        |   |                                                           |   |   |
|                                        |   | (31.2)                                                         |   | Certification                of the Chief Financial                Officer |
|                                        |   |                                                           |   | Pursuant                to Section 302 of the |
|                                        |   |                                                           |   | Sarbanes-Oxley                Act of 2002.* |
|                                        |   |                                                           |   |   |
|                                        |   | (32.1)                                                         |   | Certification                of the Chief Executive                Officer |
|                                        |   |                                                           |   | Pursuant                to 18 U.S.C. Section 1350, as adopted |
|                                        |   |                                                           |   | Pursuant                to Section 906 of Sarbanes-Oxley Act of 2002.* |
|                                        |   |                                                           |   |   |
|                                        |   | (32.2)                                                         |   | Certification                of the Chief Financial                Officer |
|                                        |   |                                                           |   | Pursuant                to 18 U.S.C. Section 1350, as adopted |
|                                        |   |                                                           |   | Pursuant                to Section 906 of Sarbanes-Oxley Act of 2002.* |
|                                        |   |                                                           |   |   |
| *  Filed                herewith. |   |                                                           |

----

Index

**MET-PRO            CORPORATION**

**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. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                             |   | **Met-Pro                Corporation**                     |
|----------------------------------|--------|------------------------------------------------------------|
|                             |   | (Registrant)                                               |
|                             |   |                                                       |
|                             |   |                                                       |
| September                7, 2007 |   | /s/                Raymond J. De Hont                      |
|                             |   | **Raymond                J. De Hont**                      |
|                             |   | **Chairman,                President and Chief Executive** |
|                             |   | **Officer**                                                |
|                             |   |                                                       |
|                             |   |                                                       |
| September                7, 2007 |   | /s/                Gary J. Morgan                          |
|                             |   | **Gary                J. Morgan**                          |
|                             |   | **Senior                Vice President of Finance,**       |
|                             |   | **Secretary                and Treasurer, Chief**          |
|                             |   | **Financial                Officer, Chief Accounting**     |
|                             |   | **Officer                and Director**                    |
|                             |   |                                                       |
|                             |   |                                                       |

----

Index