This document consists of 13
					  	pages, of which this page
						  	is number 1.



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

	For the quarterly period ended September 30, 2000

OR

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

	Commission File Number 0-11250

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

          Delaware			              		94-2647429
(State or other jurisdiction of              (I.R.S. Employer
 incorporation or organization)			 Identification No.)

1228 Titan Way, Sunnyvale, California  		       94086
(Address of principal executive offices)	    (Zip Code)

Registrant's telephone number, including area code (408) 737-0700

                                 NONE
(Former name, former address and former fiscal year, if changed
since last report.)

Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months
(or for such shorter period that the registrant was required to
file such reports), and (2) has been subject to such filing
requirements for the past 90 days.

                                        YES   X    NO_____

Indicate the number of shares outstanding of each of the issuer's
classes of common stock, as of November 10, 2000:

	        CLASS                    NUMBER OF SHARES

	   	Common Stock		     	 22,093,949



DIONEX CORPORATION
INDEX


				PART I.  FINANCIAL INFORMATION



ITEM 1.  FINANCIAL STATEMENTS                      	  	   Page


	      CONDENSED CONSOLIDATED BALANCE SHEETS
	      September 30, 2000 and June 30, 1999............     3


	      CONDENSED CONSOLIDATED STATEMENTS OF INCOME
	      Three Months Ended September 30, 2000 and 1999..     4


	      CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
	      Three Months Ended September 30, 2000 and 1999..     5


	      NOTES TO CONDENSED CONSOLIDATED FINANCIAL
	      STATEMENTS......................................     6-9



ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
         CONDITION AND RESULTS OF OPERATIONS...............    10-12


ITEM 3.  QUANTITATIVE AND QUALITATIVE DISCLOSURES
         ABOUT MARKET RISKS................................     12

				PART II.  OTHER INFORMATION


ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K..................     13

SIGNATURES.................................................     13















2

DIONEX CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS
(Dollars in thousands)
-------------

                                                   September 30,  June 30,
			      ASSETS                            2000	       2000
                                                    (unaudited)
Current assets:
  Cash and equivalents (including invested cash
    of $3,419 at September 30, 2000 and $5,397
    at June 30, 2000)............................    $ 10,731    $  9,386
  Accounts receivable (net of allowance for
    doubtful accounts of $741 at September 30, 2000
    and $765 at June 30, 2000)...................      44,705      42,965
  Inventories....................................      19,235      16,809
  Deferred tax assets............................       9,656       9,757
  Prepaid expenses and other.....................       1,696       1,706
         Total current assets....................      86,023      80,623

Property, plant and equipment, net...............      41,454      40,842
Intangible assets ...............................       7,588       8,451
Marketable equity securities ....................      37,558      26,450
Other assets ....................................       6,811       6,787
                         			   	        $179,434    $163,153

	LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:
  Notes payable to banks.........................    $  2,025    $  1,891
  Accounts payable...............................       5,898       5,661
  Accrued liabilities............................      16,647      17,783
  Income taxes payable...........................       4,676       2,253
  Accrued product warranty.......................       4,058       4,645
         Total current liabilities...............      33,304      32,233

Deferred tax liabilities.........................      16,767      12,478
Long-term debt...................................       2,221          -

Stockholders' equity:
  Preferred stock (par value $.001 per share;
    1,000,000 shares authorized; none
    outstanding).................................          -           -
  Common stock (par value $.001 per share;
    80,000,000 shares authorized; issued and
    outstanding: 22,051,399 shares at
    September 30, 2000 and 22,122,863 shares
    at June 30, 2000)............................      61,463      60,957
  Retained earnings..............................      52,001      48,285
  Accumulated other comprehensive income ........      13,678       9,200
Total stockholders' equity.............     127,142     118,442
										   $179,434    $163,153


See notes to condensed consolidated financial statements.

3

DIONEX CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
THREE MONTHS ENDED SEPTEMBER 30, 2000 AND 1999
(In thousands, except per share amounts)
------------------

                                                           2000       1999
                                                             (unaudited)

Net sales............................................    $42,675    $41,790
Cost of sales........................................     14,533     13,574
Gross profit.........................................     28,142     28,216

Operating expenses:
  Selling, general and administrative................     14,369     13,743
  Research and product development...................      3,579      3,671

     Total operating expenses........................     17,948     17,414

Operating income.....................................     10,194     10,802

Interest income......................................        202        220
Interest expense.....................................        (87)      (101)

Income before taxes on income........................     10,309     10,921
Taxes on income......................................      3,350      3,549

Income before cumulative effect of
  change in accounting principle.....................      6,959      7,372

Cumulative effect of change in accounting principle..       (359)        -

Net income......................................    $ 6,600    $ 7,372

Basic earnings per share:
  Income before cumulative effect of change in
    accounting principle ............................    $  0.32     $ 0.33
  Cumulative effect of change in accounting principle      (0.02)        -
    Net income.......................................    $  0.30     $ 0.33

Diluted earnings per share:
  Income before cumulative effect of change in
    accounting principle ............................    $  0.31     $ 0.31
  Cumulative effect of change in accounting principle      (0.02)       -
    Net income.......................................    $  0.29     $ 0.31

Shares used in computing per share amounts:

  Basic..............................................     22,065     22,263

  Diluted............................................     22,795     23,691


 See notes to condensed consolidated financial statements.

4


DIONEX CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
THREE MONTHS ENDED SEPTEMBER 30, 2000 AND 1999
(In thousands)
------------------


							                        2000      1999
                                   		                (unaudited)
Cash and equivalents provided by (used for):

Cash flows from operating activities:
Net income............................................	  $ 6,600   $ 7,372
Adjustments to reconcile net income to net cash
  provided by operating activities:
  Depreciation and amortization.......................	    1,201	    1,103
  Deferred taxes......................................	     (197)      955

  Changes in assets and liabilities:
    Accounts receivable...............................	   (3,054)    4,054
    Inventories.......................................	   (3,052)   (1,544)
    Prepaid expenses and other assets.................	      (61)      (25)
    Accounts payable..................................	      308      (884)
    Accrued liabilities...............................	     (833)   (5,148)
    Income taxes payable..............................	    2,602       744
    Accrued product warranty..........................	     (500)      (66)
Net cash provided by operating activities.............	    3,014     6,561

Cash flows from investing activities:
  Purchase of property, plant and equipment...........	   (2,216)     (713)
  Other...............................................      (240)      259
Net cash used for investing activities................    (2,456)     (459)

Cash flows from financing activities:
  Net change in notes payable to banks................	    2,405     3,584
  Sale of common stock................................	      819     1,770
  Repurchase of common stock..........................	   (3,197)  (10,283)
  Other...............................................	      145      (230)
Net cash provided by (used for) financial activities..	      172    (5,159)


Effect of exchange rate changes on cash...............	      615      (844)

Net increase in cash and equivalents. ................     1,345        99
Cash and equivalents, beginning of period.............	    9,386	   11,336

Cash and equivalents, end of period...................	  $10,731   $11,435

Supplemental disclosures of cash flow information:
  Income taxes paid...................................	   $  933    $2,073
  Interest paid.......................................	   $   93    $  119

See notes to condensed consolidated financial statements.


5

DIONEX CORPORATION
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(Unaudited)
------------------



1.  Basis of Presentation

The condensed consolidated financial statements included
herein have been prepared by the Company, without audit,
pursuant to the rules and regulations of the Securities and
Exchange Commission.  Certain information and footnote
disclosures normally included in financial statements prepared
in accordance with accounting principles generally accepted in
the United States of America have been condensed or omitted
pursuant to such rules and regulations, although the Company
believes the disclosures which are made are adequate to make
the information presented not misleading.  It is suggested that
these condensed consolidated financial statements be read in
conjunction with the consolidated financial statements and the
notes thereto included in the Company's Annual Report to
Stockholders for the fiscal year ended June 30, 2000.

The unaudited condensed consolidated financial statements
included herein reflect all adjustments (which include only
normal, recurring adjustments) which are, in the opinion of
management, necessary to state fairly the results for the
periods presented.  The results for such periods are not
necessarily indicative of the results to be expected for the
entire fiscal year ending June 30, 2001.

2.  Inventories

    Inventories consist of (in thousands):

						  		September 30,    June 30,
	                                       2000           2000

	 Finished goods                      $ 6,782        $ 6,217
	 Work in process                       3,954          3,115
      Raw materials and subassemblies       8,499          7,477

	                                     $19,235        $16,809

3.   Income Taxes

	The effective income tax rate for the first three months of
fiscal 2001 was 32.5%, unchanged from the same period in
fiscal 2000.




6

DIONEX CORPORATION
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(Unaudited)
------------------



4.	Cumulative Effect of Change in Accounting Principle

During the three months ended September 30, 2000, the Company
adopted Staff Accounting Bulletin No. 101, "Revenue
Recognition in Financial Statements", ("SAB 101").  SAB 101
outlines the basic criteria that must be met to recognize
revenue and provides guidance for disclosures related to
revenue recognition policies.

The Company's previous policy was to recognize product
installation revenue upon shipment and to accrue product
installation costs at the time revenue was recognized.  Under
the current method, the Company defers installation revenue
until installation has been completed and recognition
installation costs as incurred.

The cumulative effect of the change, totaling $359,000, is
shown as a one-time charge to income in this quarter's income
statement.  If SAB 101 had been adopted at the beginning of
fiscal 2000, the effect on the results of operations for the
first quarter last year would not have been material.

5.	Comprehensive Income

Components of comprehensive income include net income, foreign
currency translation adjustments and unrealized gain on equity
securities available for sale.  As such, Accumulated Other
Comprehensive Income in the Condensed Consolidated Balance
Sheets represents cumulative foreign currency translation
adjustments and unrealized gain on equity securities available
for sale.  Comprehensive income was $11,078,000 and $7,120,000
for the three months ended September 30, 2000 and 1999,
respectively.














7

DIONEX CORPORATION
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(Unaudited)
------------------



6.	Net Income Per Share

Basic earnings per share excludes dilution and is computed by
dividing net income by the weighted average of common shares
outstanding for the period.  Diluted earnings per share
reflects the potential dilution from securities and other
contracts which are exercisable or convertible into common
stock.  Diluted earnings per share is computed by dividing net
income by the weighted average number of common shares that
would have been outstanding during the period assuming the
issuance of common shares for all dilutive potential common
shares outstanding using the treasury stock method.  The
difference between the number of shares outstanding for basic
and diluted earnings per share is due to stock options
outstanding during the periods presented.

7.	Common Stock Repurchases

	During the first three months of fiscal 2001, the Company
	repurchased 117,100 shares of its common stock on the open
	market, compared with 253,100 shares repurchased in the
first three months of the previous fiscal year.  During all
	of fiscal 2000, the Company repurchased 935,850 shares.

8.	Derivative Instruments

In the first quarter of fiscal 2001, the Company adopted SFAS
No. 133, "Accounting for Derivative Instruments and Hedging
Activities."  The statement establishes accounting and
reporting standards for derivative instruments, including
certain derivative instruments embedded in other contracts and
for hedging activities.  It requires that an entity recognize
all derivatives as either assets or liabilities in the
statement of financial position and measure those instruments
at fair value.












8

DIONEX CORPORATION
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(Unaudited)
------------------



The Company enters into foreign exchange forward contracts
with high quality financial institutions to manage its
exposure to the impact of fluctuations in foreign currency
exchange rates on its intercompany receivables balances.
These contracts generally have maturities of approximately 30
days and require the Company to exchange foreign currencies
for U.S. dollars at maturity.  The Company has not designated
these contracts as hedging instruments.  The contracts are
recorded at fair value on the Balance Sheet.  Changes in the
fair values of these derivative instruments are recognized in
earnings in the period they occur.  Adoption of SFAS No. 133
did not have a significant impact on results for the first
quarter.

9.	Subsequent Event

On October 17, 2000, the Company purchased all of the issued
and outstanding shares of LC Packings Nederland B.V. and LC
Packings (U.S.A.), Inc. (collectively referred to as "LC
Packings") for a purchase price of $12 million.  In addition
the shareholders of LC Packings have the right to receive an
earn-out, to be paid in varying amounts at the end of calendar
years 2000 through 2004, in the event LC Packings achieves
certain business goals.  If the entire earn-out is achieved,
the shareholders of LC Packings will be paid an additional
amount not to exceed $13 million.  The Company expects to
record an after-tax charge of between $1 million and $2
million in the second quarter of fiscal 2001 primarily related
to in-process research and development.  The Company utilized
its bank line of credit to fund the acquisition of LC
Packings.  The acquisition of LC Packings will be treated by
the Company as a purchase for accounting purposes.















9

DIONEX CORPORATION


ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
	    CONDITION AND RESULTS OF OPERATIONS

Results of Operations - Three Months Ended September 30, 2000
and 1999

Net sales for the first quarter of fiscal 2001 were $42.7 million,
an increase of 2% from the $41.8 million reported for the same
period last year.  Sales increased over the prior year period in
our North American market.  Sales increased in Europe in local
currency but declined slightly in reported dollars.  Sales in Japan
declined moderately in the first quarter compared with the same
period last year.  Had currency rates been the same as in last
year's first quarter, sales growth would have been 7%.

Gross margin for the first quarter of fiscal 2001 was 65.9%, down
from the 67.5% reported for the same period last year.  Gross
margin was lower due to the unfavorable effect of currency
fluctuations, higher costs for certain electronic components and
higher costs to remedy part shortages.

Operating expenses of $17.9 million for the first quarter of fiscal
2001 were up $534,000, or 3%, from the $17.4 million reported in
the same quarter last year.  As a percentage of sales, operating
expenses were 42%, unchanged from the 42% reported for the first
quarter last year.  Selling, general and administrative (SG&A)
expenses increased $626,000, or 5%, to $14.4 million in the first
quarter of fiscal 2001.  The increase was due to higher selling
costs, primarily personnel and related costs, partially offset by
the favorable effect of currency fluctuations on international
selling expenses.

Research and development (R&D) costs of $3.6 million were virtually
unchanged from the $3.7 million reported in the same period last
year.  The level of R&D spending varies depending on both the
breadth of the Company's R&D efforts and the stage of specific
product development.

The effective tax rate for the first quarter of fiscal 2001 was
32.5%, unchanged from the first quarter a year ago.  Variations in
the tax rate reflect changes in the mix of taxable income among the
various tax jurisdictions in which the Company does business.









10

Cumulative effect of change in accounting principle reflects the
adoption of Staff Accounting Bulletin No. 101, "Revenue Recognition
in Financial Statements", ("SAB 101") in the first quarter of
fiscal 2001.  SAB 101 outlines the basic criteria that must be met
to recognize revenue and provides guidance for disclosures related
to revenue recognition policies.  The cumulative effect of the
change, totaling $359,000, is shown as a one-time charge to income
in this quarter's income statement.  If SAB 101 had been adopted at
the beginning of fiscal 2000, the effect on the results of
operations for the first quarter last year would not have been
material.

Net income in the first quarter of fiscal 2001 was $6.6 million,
compared with $7.4 million reported for the same period last year.
Diluted earnings per share before the cumulative effect of change
in accounting principle were unchanged at $.31.  After the effect
of the change, diluted earnings per share were $.29 compared with
$.31 in the same period last year.  Net income per share was
favorably impacted by the Company's stock repurchase program.

Liquidity and Capital Resources

The Company's liquidity and capital resources remained strong
during the first three months of fiscal 2001.  At September 30,
2000, the Company had cash and cash investments of $10.7 million.

During the first quarter of fiscal 2001, the Company repurchased
117,100 shares of its common stock, compared with 253,100 shares
repurchased in the first three months of last year.  During all of
fiscal 2000, the Company repurchased 935,850 shares.

At September 30, 2000, the Company has utilized $1.6 million of the
Company's $38.3 million in committed bank lines of credit.  The
Company is in the final stages of construction of a building in
Osaka, Japan for occupancy by its Japanese operations. The Company
believes that its cash flow from operations, current cash and cash
investments and the remainder of its $38.3 million bank lines of
credit will be adequate to meet its cash requirements for fiscal
2001 and the foreseeable future.

The impact of inflation on Dionex Corporation's financial position
and results of operations was not significant during the three
months ended September 30, 2000.










11

Forward-looking statements

Except for historical information contained herein, the above
discussion and the letter to shareholders contains forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, Section 21E of the Securities and Exchange Act
of 1934, as amended and the Private Securities Litigation Reform
Act of 1995, and are made under the safe harbor provisions thereof.
Such statements are subject to certain risks and uncertainties that
could cause actual results to differ materially from those
discussed here.  Such risk and uncertainties include: general
economic conditions, foreign currency fluctuations, competition
from other products, existing product obsolescence, fluctuation in
worldwide demand for analytical instrumentation, new product
development, including market receptiveness, the ability to
manufacture products on an efficient and timely basis and at a
reasonable cost and in sufficient volume, the ability to attract
and retain talented employees and other risks as described in more
detail in the Company's Form 10-K for the year ended June 30, 2000.
Readers are cautioned not to place undue reliance on these forward-
looking statements which reflect management's analysis only as of
the date hereof.  The Company undertakes no obligation to publicly
release the results of any revision to these forward-looking
statements which may be made to reflect events or circumstances
after the date hereof or to reflect the occurrence of unanticipated
events.

ITEM 3.  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET
         RISKS

The Company is exposed to financial market risks, including changes
in foreign currency rates, interest rates and marketable equity
securities.

For a detailed analysis of these market risks see the discussion in
the Company's Annual Report to Stockholders for the year ended June
30, 2000 and the Company's Form 10-K for the year ended June 30,
2000 filed with the Securities and Exchange Commission.
















12

PART II.  OTHER INFORMATION


Item 6.  Exhibits and Reports on Form 8-K

(a)  Exhibits

	        27    Financial Data Schedule for the period ended
			    September 30, 2000.

	    (b) The Company did not file any reports on Form 8-K
   during the quarter ended September 30, 2000.





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.


                               DIONEX CORPORATION
                               (Registrant)


Date: November 13, 2000  	 By:
                                  A. Blaine Bowman
                                  President, Chief Executive
						    Officer



                               By:
                                  Craig A. McCollam
						    Vice President, Finance and
						    Administration
                                  (Principal Financial and
						    Accounting Officer)











13

PART II.  OTHER INFORMATION


Item 6.  Exhibits and Reports on Form 8-K

(a)  Exhibits

	        27    Financial Data Schedule for the period ended
			    September 30, 2000.


	    (b) The Company did not file any reports on Form 8-K
             during the quarter ended September 30, 2000.




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.


                               DIONEX CORPORATION
                               (Registrant)


Date: November 13, 2000  	 By: /s/ A. Blaine Bowman
                                  A. Blaine Bowman
                                  President, Chief Executive
    Officer



                               By: /s/ Craig A. McCollam
                                  Craig A. McCollam
						    Vice President, Finance and
						    Administration
                                  (Principal Financial and
						    Accounting Officer)











13