EXHIBIT 10.8

	
	JLG Industries, Inc.
	Supplemental Executive Retirement Plan

	Effective June 1, 1995




Section 1.	Establishment and Purpose of the Plan.

	1.1.  	Establishment.  Effective June 1, 1995, the Company established the
Plan for the benefit of the Participants and, in the case of Participants
described in Section 0, for the purpose of replacing their benefits under the
Prior Plan.

	1.2.	Purpose.  The Plan is an unfunded plan maintained primarily for the
purpose of providing deferred compensation to a select group of management and
highly compensated employees.  The Plan provides supplemental retirement income
to Participants in excess of their employer-provided benefits under certain
other plans and arrangements up to the maximum benefit specified in the Plan. 
The Plan also provides supplemental survivor's income to Participant's Bene-
ficiaries.


Section 2.	Participation by Eligible Executives.

	2.1. 	Eligible Executives on Effective Date.  An employee who is an Eligible
Executive on the Effective Date will become a Participant in the Plan beginning
on the Effective Date if he agrees in writing to waive all rights he may have
under the Prior Plan.

	2.2. 	Eligible Executives After Effective Date.  An employee who first becomes
an Eligible Executive after the Effective Date will not become a Participant
in the Plan unless the Compensation Committee, in its sole discretion, permits
him to do so.  If the Compensation Committee does permit him to participate in
the Plan, the Eligible Executive will become a Participant in the Plan on the
date specified by the Compensation Committee in its sole discretion.

	2.3. 	Written Proof of Participation Required.  No employee will become a
Participant in the Plan unless he and the Company execute a copy of the Plan
document recognizing his participation in the Plan.  The executed copy will
constitute an agreement between the Company and the employee that binds both
of them to the terms of the Plan.  Their agreement will be binding on their
heirs, executors, administrators, successors, and assigns, both present and
future.  The executed copy must be signed on the Company's behalf by an
authorized officer (other than the employee) and by the employee on his own
behalf.  In the case of an employee who becomes a Participant under Section
0, the executed copy will also constitute his written agreement to waive all 
rights he may have under the Prior Plan.


Section 3. 	Accrued Benefit.

	3.1. 	Definition.  A Participant's Accrued Benefit under the Plan is a monthly
benefit equal to the Applicable Percentage of his Final Average Compensation,
payable in the form of a Ten-Year Certain Life Annuity beginning on his Normal
Retirement Date, and reduced in accordance with Section 0.

3.2. 	Applicable Percentage.  A Participant's Applicable Percentage is the
percentage that is specified by the Compensation Committee with respect to the
Participant for purposes of the Plan and that is reflected in the written
agreement between the Company and the Participant executed in accordance with
Section 0.

	3.3. 	Final Average Compensation.  A Participant's Final Average Compensation
is one-twelfth the average of his Annual Compensation for the 2 consecutive or
nonconsecutive calendar years during which the average of his Annual
Compensation is the highest.  The Annual Compensation of a Participant for a
calendar year is the amount of base salary and cash bonus paid to him for the
calendar year.  Annual Compensation earned more than 10 years before the year
in which the Participant's employment with the Company terminates is ignored.
Annual Compensation does not include any amount realized as a result of the
grant, modification, or exercise of a stock option.

	3.4.	Required Reductions.  The monthly installments otherwise included in a 
Participant's Accrued Benefit will be reduced as follows:

		(a) First, each monthly installment will be reduced by the monthly amount of
a benefit that is the Actuarial Equivalent of all employer-provided benefits
the Participant has received, is receiving, or is expected to receive under any
defined benefit plan (other than this Plan), regardless of whether the defined
benefit plan is maintained by the Company or another employer, including an
unrelated employer.  Employer-provided benefits provided to an alternate payee
under a domestic relations order will be treated as if they were provided to
the Participant.

		(b) Second, each monthly installment will be further reduced by the monthly
amount of a benefit that is the Actuarial Equivalent of all employer-provided
account balances accumulated on the Participant's behalf under any defined
contribution plan, regardless of whether the defined contribution plan is
maintained by the Company or another employer, including an unrelated employer.
Employer-provided account balances do not include any portion of an account
balance attributable to salary reduction contributions made by the Participant,
regardless of whether the contributions are made on a pre-tax or an after-tax 
basis.  Account balances will be determined as of 30 days before the
Participant's Benefit Starting Date.  Distributions previously made from the
Participant's accounts will be taken into account, plus interest from the date
of distribution.  Employer-provided account balances provided to an alternate
payee under a domestic relations order will be treated as if they were provided
to the Participant.

		(c) Third, after the preceding reductions have been made, each monthly
installment that is scheduled to be made after the Participant reaches Social
Security Retirement Age will be further reduced by one-half the monthly amount
of the federal Social Security old-age benefit he is entitled to begin
receiving on his Social Security Retirement Age.

		(d) Fourth, if the Participant elects to begin receiving benefits before his
Normal Retirement Date, the monthly installment resulting after the preceding
reductions have been made will be further reduced by one-half of one percent
for each month during which benefits are scheduled to be paid before his Normal
Retirement Date.

		(e) Fifth, after the preceding reductions have been made, the resulting
monthly installment will be further reduced by multiplying it by the
Participant's Vested Percentage.  The Vested Percentage is 100 percent in the
case of a Participant with 5 or more Years of Service, 75 percent in the case
of a Participant with 4 but less than 5 Years of Service, 50 percent in the
case of a Participant with 3 but less than 4 Years of Service, 25 percent in 
the case of a Participant with 2 but less than 3 Years of Service, and zero
percent in the case of a Participant with less than 2 Years of Service.  A
Participant is deemed to have completed 5 Years of Service if he dies or
becomes Disabled, or if a Change in Control occurs, before his Benefit Starting
Date.

		(f) Sixth, after the preceding reductions have been made, each monthly
installment made during a month for which the Participant receives benefits
under a long-term disability plan maintained by the Company will be further
reduced by the amount of the employer-provided long-term disability benefit he
receives for that month.


Section 4. 	Retirement Benefits.

	4.1. 	Normal Retirement Benefit.  A Participant who retires from service with
the Company on his Normal Retirement Date is entitled to a Normal Retirement
Benefit.  Unless he elects otherwise, he will receive his Normal Retirement
Benefit in the form of a Ten-Year Certain Life Annuity beginning on his Normal
Retirement Date.  The monthly installments made under his Normal Retirement
Benefit will be the same as the monthly installments under his Accrued Benefit.

	4.2. 	Late Retirement Benefit.  A Participant who retires from service with
the Company after his Normal Retirement Date is entitled to a Late Retirement
Benefit.  Unless he elects otherwise, he will receive his Late Retirement
Benefit in the form of a Ten-Year Certain Life Annuity beginning on the first
 day of the month after he retires from service with the Company.  The monthly 
installments made under his Late Retirement Benefit will be the same as the
monthly installments under his Accrued Benefit, beginning with the monthly
installment for the month that includes his Late Retirement Date.  However,
he will not receive any monthly installments that would have been made under
his Accrued Benefit before his Late Retirement Date, and no adjustment will be
made in his Late Retirement Benefit to reflect the loss of these installments. 
For purposes of calculating the Final Average Compensation of a Participant
entitled to a Late Retirement Benefit, Annual Compensation paid after the
Participant's Normal Retirement Date will be taken into account.

	4.3. 	Early Retirement Benefit.  A Participant who retires from service with
the Company on or after age 55 but before his Normal Retirement Date is
entitled to an Early Retirement Benefit.  Unless he elects otherwise, he will
receive his Early Retirement Benefit in the form of a Ten-Year Certain
Life Annuity beginning on his Normal Retirement Date.  The monthly
installments made under his Early Retirement Benefit will be the same as the
monthly installments under his Accrued Benefit.  However, he may elect to begin
receiving his Early Retirement Benefit on the first day of any month before
his Normal Retirement Date and on or after the date he retires from service
with the Company.

	4.4. 	Vested Retirement Benefit.  A Participant whose employment with the
Company terminates for any reason before age 55 following a Change in Control
is entitled to a Vested Retirement Benefit.  Unless he elects otherwise, he
will receive his Vested Retirement Benefit in the form of a Ten-Year Certain
Life Annuity beginning on his Normal Retirement Date.  The monthly installments
made under his Vested Retirement Benefit will be the same as the monthly
installments under his Accrued Benefit.  However, he may elect to begin
receiving his Vested Retirement Benefit on the first day of any month before
his Normal Retirement Date and on or after age 55.

	4.5. 	Disability Retirement Benefit.  A Participant who becomes Disabled
before his employment with the Company terminates and before he satisfies the
requirements for another Retirement Benefit under this Section 0 is entitled to
a Disability Retirement Benefit.  Unless he elects otherwise, he will receive
his Disability Retirement Benefit in the form of a Ten-Year Certain Life
Annuity beginning on his Normal Retirement Date.  The monthly installments
made under his Disability Retirement Benefit will be the same as the monthly
installments under his Accrued Benefit.  However, he may elect to begin
receiving his Disability Retirement Benefit on the first day of any month
before his Normal Retirement Date and on or after age 55.

	4.6. 	Joint & Survivor Annuity Option.  A Participant may elect to receive his
Retirement Benefit in the form of a Ten-Year Certain Joint & Survivor Annuity
rather than a Ten-Year Certain Life Annuity.  The Ten-Year Certain Joint &
Survivor Annuity may begin on the first day of any month on which the
Participant is entitled to begin receiving his Retirement Benefit and will be 
the Actuarial Equivalent of the Retirement Benefit that would have been payable
to him in the form of a Ten-Year Certain Life Annuity beginning on that day.
Any election under this Section 0 must be made before the Participant's Benefit
Starting Date and may not be changed or revoked after that date.

	4.7. 	Lump Sum Option.  Alternatively, a Participant may elect to receive his
Retirement Benefit in the form of a lump sum rather than a Ten-Year Certain
Life Annuity.  The lump sum may be paid on the first day of any month on which
the Participant is entitled to begin receiving his Retirement Benefit and
will equal the Actuarial Present Value of the Retirement Benefit that would
have been payable to him in the form of a Ten-Year Certain Life Annuity
beginning on that day.  Any election under this Section 0 must be made before
the Participant's Benefit Starting Date and may not be changed or revoked after
that date.


Section 5. 	Preretirement Death Benefits.

	5.1. 	Lump Sum Benefit.  If a Participant dies before his Benefit Starting
Date, his Beneficiary is entitled to a Preretirement Death Benefit, even if the
Participant has not satisfied the requirements for a Retirement Benefit under
Section 0 at the time of his death.  Except as provided in Section 0,
the Preretirement Death Benefit will be paid as soon as administratively
feasible after the Participant's death in the form of a lump sum equal to the
Actuarial Present Value of the first 120 monthly installments that would have
been paid to the Participant under a Ten-Year Certain Life Annuity that began
on the earliest date after his death on which he could have elected to begin 
receiving benefits under Section 0, had he not died.

	5.2. 	Annuity Options Available to Spouse Beneficiaries.  In lieu of the lump
sum described in Section 0, a Beneficiary who is married to the Participant at
the time of his death may elect to receive the Preretirement Death Benefit
in the form of either a Single Life Annuity or a Ten-Year Certain Fixed
Annuity.  The Beneficiary may elect to begin receiving the Single Life Annuity
or Ten-Year Certain Fixed Annuity on any date after the Participant's death on
which the Participant could have elected to begin receiving benefits under
Section 0, had he not died.  Any election under this Section 0 must be made
before the Beneficiary's Benefit Starting Date and may not be changed or
revoked after that date.


Section 6.	Nature of Participant's Interest in Plan.

	6.1. 	No Right to Assets.  Participation in the Plan does not create, in favor
of any Participant or Beneficiary, any right or lien in or againsy any asset of
the Company.  Nothing contained in the Plan, and no action taken under its
provisions, will create or be construed to create a trust of any kind, or a
fiduciary relationship, between the Company and a Participant or any other 
person.  The Company's promise to pay benefits under the Plan will at all times
remain unfunded as to each Participant and Beneficiary, whose rights under the
Plan are limited to those of a general and unsecured creditor of the Company.

	6.2. 	No Right to Transfer Interest.  Rights to benefits payable under the
Plan are not subject in any manner to anticipation, alienation, sale, transfer,
assignment, pledge, or encumbrance.  However, the Administrative Committee may
permit a Participant or Beneficiary to enter into a revocable arrangement to
pay all or part of his benefits under the Plan to a revocable grantor trust (a 
so-called "living trust").  In addition, the Administrative Committee may
recognize the right of an alternate payee named in a domestic relations order
to receive all or part of a Participant's benefits under the Plan, but only if
(a) the domestic relations order would be a "qualified domestic relations 
order" within the meaning of section 414(p) of the Code (if section 414(p)
applied to the Plan), (b) the domestic relations order does not attempt to give
the alternate payee any right to any asset of the Company, (c) the domestic
relations order does not attempt to give the alternate payee any right to 
receive payments under the Plan at a time or in an amount that the Participant
could not receive under the Plan, and (d) the amount of the Participant's
benefits under the Plan are reduced to reflect any payments made or due the
alternate payee.

	6.3. 	No Employment Rights.  No provisions of the Plan and no action taken by
the Company, the Board of Directors, the Compensation Committee, or the
Administrative Committee will give any person any right to be retained in the
employ of the Company, and the Company specifically reserves the right and
power to dismiss or discharge any Participant.

	6.4. 	Withholding and Tax Liabilities.  The amount of any withholdings
required to be made by any government or government agency will be deducted
from benefits paid under the Plan to the extent deemed necessary by the
Administrative Committee.  In addition, the Participant or Beneficiary (as the
case may be) will bear the cost of any taxes not withheld on benefits provided
under the Plan, regardless of whether withholding is required.


Section 7.	Administration, Interpretation, and Modification of Plan.

	7.1.  	Plan Administrator.  The Administrative Committee will administer the
Plan.

	7.2. 	Powers of Committee.  The Administrative Committee's powers include, but
are not limited to, the power to adopt rules consistent with the Plan; the
power to decide all questions relating to the interpretation of the terms and
provisions of the Plan; and the power to resolve all other questions arising
under the Plan (including, without limitation, the power to remedy possible 
ambiguities, inconsistencies, or omissions by a general rule or particular
decision).  The Administrative Committee has discretionary authority to
exercise each of the foregoing powers.

	7.3. 	Finality of Committee Determinations.  Determinations by the
Administrative Committee and any interpretation, rule, or decision adopted by
the Administrative Committee under the Plan or in carrying out or administering
the Plan will be final and binding for all purposes and upon all interested
persons, their heirs, and their personal representatives.

	7.4. 	Incapacity.  If the Administrative Committee determines that any person
entitled to benefits under the Plan is unable to care for his affairs because
of illness or accident, any payment due (unless a duly qualified guardian or
other legal representative has been appointed) may be paid for the benefit
of such person to his spouse, parent, brother, sister, or other party deemed
by the Administrative Committee to have incurred expenses for such person.

	7.5. 	Amendment, Suspension, and Termination.  The Board of Directors has the
right by written resolution to amend, suspend, or terminate the Plan at any
time.  However, no amendment, suspension, or termination will apply to an
employee who already is a Participant in the Plan without his express written
consent.

	7.6. 	Power to Delegate Board Authority.  The Board of Directors may, in its
sole discretion, delegate to any person or persons all or part of its authority
and responsibility under the Plan, including, without limitation, the authority
to amend the Plan.  

	7.7. 	Headings.  The headings used in this document are for convenience of
reference only and may not be given any weight in interpreting any provision of
the Plan.

	7.8. 	Severability.  If any provision of the Plan is held illegal or invalid
for any reason, the illegality or invalidity of that provision will not affect
the remaining provisions of the Plan, and the Plan will be construed and
enforced as if the illegal or invalid provision had never been included in the
Plan.

	7.9. 	Governing Law.  The Plan will be construed, administered, and regulated
in accordance with the laws of the Commonwealth of Pennsylvania, except to the
extent that those laws are preempted by federal law. 

	7.10. 	Complete Statement of Plan.  This Plan supersedes the Prior Plan with
respect to the Participants.  This Plan contains a complete statement of its
terms.  The Plan may be amended, suspended, or terminated only in writing and
then only as provided in Section 0.  A Participant's right to any benefit of a
type provided under the Plan will be determined solely in accordance with the 
terms of the Plan.  No other evidence, whether written or oral, will be taken
into account in interpreting the provisions of the Plan.  Notwithstanding
the preceding provisions of this Section 0, for purposes of determining
benefits with respect to a Participant, this Plan will be deemed to include (a)
the provisions of the written agreement between the Company and the Participant
executed in accordance with Section 0, and (b) the provisions of any other
written agreement between the Company and the Participant to the extent such
other agreement explicitly provides for the incorporation of some or all of its
terms into this Plan.


Section 8.	Terms Used in the Plan.

	8.1. 	Gender and Number.  Words used in the masculine gender in the Plan are 
intended to include the feminine and neuter genders, where appropriate.  Words
used in the singular form in the Plan are intended to include the plural form,
where appropriate, and vice versa.

	8.2. 	Definitions.  When used in capitalized form in the Plan, the following
words and phrases have the following meanings, unless the context clearly
indicates that a different meaning is intended:

		"Accrued Benefit" means the benefit described in Section 0.

		"Actuarial Equivalent" means the following: an amount or benefit is the
 "Actuarial Equivalent" of, or is "Actuarially Equivalent" to, another amount
or benefit as of a specified date, if the Actuarial Present Value as of the
specified date of the first amount or benefit equals the Actuarial Present
Value as of the specified date of the second amount or benefit, 
when calculated using the same actuarial assumptions.  Actuarial Equivalence
under Section 0 will be determined as of the Participant's Normal Retirement
Date, and the resulting benefit will be expressed in the form of a Ten-Year
Certain Life Annuity beginning on the Participant's Normal Retirement Date. 
Actuarial Equivalence under Section 0 will be determined as of the
Participant's Benefit Starting Date, and the resulting benefit will be ex-
pressed in the form of a Ten-Year Certain Joint & Survivor Annuity beginning on
the Participant's Benefit Starting Date. Actuarial Equivalence under the
definition of "Single Life Annuity" in this Section 0 will be determined as of
the Beneficiary's Benefit Starting Date, and the resulting benefit will be
expressed in the form of a Single Life Annuity beginning on the Beneficiary's
Benefit Starting Date.

		"Actuarial Present Value" means the value as of a specified date of an amount
or a series of amounts due before or thereafter, where each amount is
multiplied by the probability that the condition or conditions on which payment
of the amount is contingent will be satisfied, and where each amount so
multiplied is then increased (if due before) or discounted (if due thereafter)
according to an assumed rate of interest to reflect the time value of money.
Unless the Plan specifies otherwise, the mortality table and interest rate -
used to calculate the Actuarial Present Value of an amount or series of amounts
will be the mortality table and interest rate in effect under section
417(e)(3)(A)(ii) of the Code 90 days before the Participant's Benefit Starting
Date.

		"Administrative Committee" means the Administrative Committee appointed to 
administer the JLG Industries, Inc. Employees' Retirement Savings Plan. 
However, following a Change in Control, "Administrative Committee" means the
trustee under the grantor trust maintained by the Company in connection with
the Plan.

		"Annual Compensation" has the meaning assigned to that term in Section 0.

		"Applicable Percentage" has the meaning assigned to that term in Section 0.

		"Associate" has the meaning assigned to that term for purposes of Rule 12b-2
of the General Rules and Regulations under the Securities Exchange Act.

		"Beneficial Owner" means the following: a Person is deemed to be the
"Beneficial Owner" of, to "Beneficially Own," and to have "Beneficial
Ownership" of, any securities:

			(1) which such Person or any of such Person's Securities Law Affiliates or 
Associates beneficially owns, directly or indirectly;

			(2) which such Person or any of such Person's Securities Law Affiliates or 
Associates has (A) the right or obligation to acquire (whether such right or
obligation is exercisable or effective immediately or only after the passage of
time) pursuant to any agreement, arrangement, or understanding (whether or not
in writing) or upon the exercise of conversion rights, exchange rights, rights,
warrants or options, or otherwise; provided that a Person shall not be deemed
the "Beneficial Owner" of, or to "Beneficially Own," or to have "Beneficial
Ownership" of, securities tendered pursuant to a tender or exchange offer made
by such Person or any of such Person's Securities Law Affiliates or Associates
until such tendered securities are accepted for purchase or exchange; or (B)
the right to vote pursuant to any agreement, arrangement, or understanding
(whether or not in writing); providedthat a Person shall not be deemed the
"Beneficial Owner" of, or to "BeneficiallyOwn," or to have "Beneficial
Ownership" of, any security under this clause (B)if the agreement, arrangement,
or understanding to vote such security (i)arises solely from a revocable proxy
given in response to a public proxy orconsent solicitation made pursuant to,
and in accordance with, the applicablerules and regulations of the Securities
Exchange Act, and (ii) is not also then reported by such Person on Schedule 13D
under the Securities Exchange Act (or any comparable or successor report); or

			(3) which are beneficially owned, directly or indirectly, by any other 
Person (or any Securities Law Affiliate or Associate thereof) with which such
Person or any of such Person's Securities Law Affiliates or Associates has any
agreement, arrangement, or understanding (whether or not in writing) or with
which such Person or any of such Person's Securities Law Affiliates have
otherwise formed a group for the purpose of acquiring, holding, voting (except
pursuant to a revocable proxy as described in clause (B)(i) of paragraph (2),
above), or disposing of any securities of the Company.

		"Beneficiary" means the person designated in writing by a Participant to
receive benefits under the Plan after the Participant's death.  If a
Participant dies before his Benefit Starting Date and he has failed to
designate a Beneficiary or his designated Beneficiary fails to survive him, his
Beneficiary will be the person to whom he is married at the time of 
his death, or if he is not married at that time, his Beneficiary will be the
executor of his will or the administrator of his estate.  If a Participant
ho has elected a Ten-Year Certain Life Annuity dies on or after his Benefit
Starting Date and he has failed to designate a Beneficiary or his Beneficiary
fails to survive him, his Beneficiary will be the person to whom he is married
at the time of his death, or if he is not married at that time, the Actuarial 
Present Value of the payments (if any) to be made after his death will be paid
in an immediate lump sum to the executor of his will or the administrator of
his estate.  A Participant may revoke in writing a prior designation of a
Beneficiary at any time before the earlier of the Participant's death or his
Benefit Starting Date.  In addition, a Participant may revoke in writing a
prior designation of a Beneficiary under a Ten-Year Certain Life Annuity at any
time before the Participant's death.  A Beneficiary under a Ten-Year Certain
Life Annuity or a Ten-Year Certain Fixed Annuity may designate in writing a
person to receive any benefits due under the Plan after the Beneficiary's death
(a "Beneficiary's Beneficiary").  The Beneficiary may revoke this designation
in writing at any time before his death.

		"Benefit Starting Date" means the date on which a Participant or Beneficiary
is scheduled to begin receiving benefits under the Plan.

		"Board of Directors" means the Board of Directors of the Company.

		"Change in Control" means the first to occur of the following events:

			(1) an acquisition (other than directly from the Company) of securities of
the Company by any Person, immediately after which such Person, together with
all Securities Law Affiliates and Associates of such Person, becomes the
Beneficial Owner of securities of the Company representing 25 percent or more
of the Voting Power; provided that, in determining whether a Change in Control
has occurred, the acquisition of securities of the Company in a Non-Control
Acquisition will not constitute an acquisition that would cause a Change in
Control; or

			(2) three or more directors, whose election or nomination for election is
not approved by a majority of the members of the Incumbent Board then serving
as members of the Board of Directors, are elected within any single 12-month
period to serve on the Board of Directors; provided that an individual whose
election or nomination for election is approved as a result of either an actual
or threatened Election Contest or Proxy Contest, including by reason of any
agreement intended to avoid or settle any Election Contest or Proxy Contest,
will be deemed not to have been approved by a majority of the Incumbent Board
for purposes of this definition; or

			(3) members of the Incumbent Board cease for any reason to constitute at 
least a majority of the Board of Directors; or

			(4) approval by shareholders of the Company of:

				(A) a merger, consolidation, or reorganization involving the 
Company, unless

					(i) the shareholders of the Company, immediately before 
the merger, consolidation, or reorganization, own, directly or 
indirectly immediately following such merger, consolidation, or 
reorganization, at least 75 percent of the combined voting power of 
the outstanding voting securities of the corporation resulting from 
such merger, consolidation, or reorganization in substantially the 
same proportion as their ownership of the voting securities 
immediately before such merger, consolidation, or reorganization;

					(ii) individuals who were members of the Incumbent Board 
immediately prior to the execution of the agreement providing for 
such merger, consolidation, or reorganization constitute at least a 
majority of the board of directors of the Surviving Corporation; and

					(iii) no Person (other than (1) the Company or any Subsidi-
ary thereof, (2) any employee benefit plan (or any trust forming a 
part thereof) maintained by the Company, any Subsidiary thereof, 
or the Surviving Corporation, or (3) any Person who, immediately 
prior to such merger, consolidation, or reorganization, had 
Beneficial Ownership of securities representing 25 percent or more 
of the Voting Power) has Beneficial Ownership of securities re-
presenting 25 percent or more of  the combined voting power of 
the Surviving Corporation's then outstanding voting securities;

				(B) a complete liquidation or dissolution of the Company; or

				(C) an agreement for the sale or other disposition of all or 
substantially all of the assets of the Company to any Person (other than a 
transfer to a Subsidiary of the Company).

		"Code"  means the Internal Revenue Code of 1986, as amended and in effect
from time to time.

		"Company"  means JLG Industries, Inc., and any successor to JLG Industries,
Inc.  Employment with the Company includes employment with any corporation,
partnership, or other organization required to be aggregated with the Company
under sections 414(b) and (c) of the Code.

		"Compensation Committee" means the Compensation Committee of the Board of 
Directors.

		"Disability Retirement Benefit" means the benefit described in Section 0.

		"Disabled" means entitled to receive benefits under a long-term disability
plan maintained by the Company.

		"Early Retirement Benefit" means the benefit described in Section 0.

		"Effective Date" means June 1, 1995.

		"Election Contest" means an election contest described in Rule 14a-11 promul-
gated under the Securities Exchange Act.

		"Eligible Executive" means an employee of the Company who is an officer of
the Company or who holds any other key position designated by the Compensation
Committee in its sole discretion.

		"Final Average Compensation" has the meaning assigned to that term in Section
0.

		"Incumbent Board" means individuals who, as of the close of business on the 
Effective Date, are members of the Board of Directors; provided that, if the
election, or nomination for election by the Company's shareholders, of any new
director was approved by a vote of at least 75 percent of the Incumbent Board,
such new director shall, for purposes of the Plan, be considered as a member of
the Incumbent Board; provided further that no individual shall be considered a
member of the Incumbent Board if such individual initially assumed office as a
result of either an actual or threatened Election Contest or other actual or
threatened Proxy Contest, including by reason of any agreement intended to 
avoid or settle any Election Contest or Proxy Contest.

		"Late Retirement Benefit" means the benefit described in Section 0.

		"Late Retirement Date" means the first day of the month following the month
in which a Participant retires from service with the Company, if he retires
from service with the Company after his Normal Retirement Date.

		"Non-Control Acquisition" means an acquisition by (1) an employee benefit
plan (or a trust forming a part thereof) maintained by (A) the Company or (B)
any of its Subsidiaries, (2) the Company or any of its Subsidiaries, or (3) any
Person in connection with a Non-Control Transaction.

		"Non-Control Transaction" means any transaction described in clauses
(4)(A)(i) through (iii) of the definition of "Change in Control."

		"Normal Retirement Benefit" means the benefit described in Section 0.

		"Normal Retirement Date" means the first day of the month following the month
in which a Participant reaches age 62, unless a Change in Control occurs, in
which case Normal Retirement Date means the first day of the month following
the month in which the Participant reaches age 60.  In the case of a
Participant who dies before reaching his Normal Retirement Date, Normal
Retirement Date means the day on which the Participant would have reached
his Normal Retirement Date had he not died.

		"Participant" means a member of a select group of management or highly com-
pensated employees of the Company who has become a participant in the Plan
under Section 0.

		"Person"  means any individual, firm, corporation, partnership, joint
venture, association, trust, or other entity.

		"Plan" means the JLG Industries, Inc. Supplemental Executive Retirement Plan
as set forth in this document.

		"Preretirement Death Benefit" means the benefit described in Section 0.

		"Prior Plan" means an individual agreement (customarily denominated a
"Deferred Compensation Benefit Agreement") between the Company and the employee
that provides for unfunded deferred compensation benefits and certain other
benefits specified in the agreement.

		"Proxy Contest" means a solicitation of proxies or consents by or on behalf
of a Person other than the Board of Directors.

		"Retirement Benefit" means a Normal Retirement Benefit, a Late Retirement 
Benefit, an Early Retirement Benefit, a Vested Retirement Benefit, or a
Disability Retirement Benefit.

		"Section"  means a section of this Plan.  For example, a reference to Section
2 includes a reference to Sections 2.1 through 2.3, while a reference to
Section 2.1 is intended as a reference to Section 2.1 only.

		"Securities Exchange Act" means the Securities Exchange Act of 1934, as 
amended and in effect from time to time.

		"Securities Law Affiliate" means an "affiliate" as defined for purposes of
Rule 12b-2 of the General Rules and Regulations under the Securities Exchange
Act.

		"Single Life Annuity" means an annuity payable in equal monthly installments
to a Beneficiary, beginning with the calendar month in which the Beneficiary's
Benefit Starting Date occurs and ending with the calendar month in which the
Beneficiary dies.  The Single Life Annuity payable to a Beneficiary will be the
Actuarial Equivalent of the Preretirement Death Benefit that the Beneficiary
could have elected to receive in the form of a Ten-Year Certain Fixed Annuity
beginning on the same day.

		"Social Security Retirement Age" means the earliest age at which the
Participant is entitled to begin receiving federal Social Security old-age
benefits.  In the case of a Participant who dies before reaching his Social
Security Retirement Date, Social Security Retirement Date means the day on
which the Participant would have reached his Social Security Retirement Date
had he not died.

 		"Subsidiary" of any Person means any corporation or other entity of which at
least 80 percent (or such lesser percentage as the Administrative Committee may
determine) of the voting power of the voting equity securities or voting
interest therein is owned, directly or indirectly, by such Person.

		"Surviving Corporation" means a corporation resulting from a merger,
consolidation, or reorganization described in paragraph (4)(A)(i) of the
definition of "Change in Control."

		"Ten-Year Certain Fixed Annuity" means an annuity payable in 120 monthly 
installments that are equal to the first 120 monthly installments that would
have been paid to the Participant (had he not died) under a Ten-Year Certain
Life Annuity that began on the Beneficiary's Benefit Starting Date.  The 120
monthly installments will be paid to the Beneficiary unless the Beneficiary
dies before all 120 monthly installments have been paid, in which case the
Actuarial Present Value of the remaining installments will be paid to the 
Beneficiary's Beneficiary in an immediate lump sum.

		"Ten-Year Certain Joint & Survivor Annuity" means an annuity payable in equal
monthly installments to the Participant, beginning with the calendar month in
which his Benefit Starting Date occurs and ending with the calendar month in
which he dies, and thereafter in equal monthly installments of the same or a
lesser amount to his surviving Beneficiary (if any), beginning with the
calendar month following the calendar month in which he dies and ending with
the calendar month in which the Beneficiary dies, provided that if the
Participant and his Beneficiary both die before the end of the 120-month period
that begins on the Participant's Benefit Starting Date, the Actuarial Present
Value of the additional monthly installments that would have been paid to the
last to survive of the Participant and his Beneficiary (had the last survivor
not died until the end of the 120-month period) will be paid in an immediate
lump sum to the executor of the last survivor's will or the administrator of
the last survivor's estate.  At the time he elects a Ten-Year Certain Joint &
 Survivor Annuity, the Participant must designate a named natural person as his
Beneficiary and must specify whether the monthly amount payable to the
Beneficiary will be 50 or 100 percent of the monthly amount payable to him
under the Ten-Year Certain Joint & Survivor Annuity.  After his Benefit
Starting Date, the terms of his election may not be changed or revoked.

		"Ten-Year Certain Life Annuity" means an annuity payable in monthly install-
ments to the Participant, beginning with the calendar month in which his
Benefit Starting Date occurs and ending with the calendar month in which he
dies, provided that if he dies before the end of the 120-month period that
begins on his Benefit Starting Date, the monthly installments will be continued
to his Beneficiary, beginning with the calendar month following the calendar
month in which the Participant dies and ending with the calendar month in which
the 120-month period ends.  Except as required under Section 0(e) and (f), 
the monthly installments payable under a Ten-Year Certain Life Annuity will be
equal in amount.

		"Year of Service" has the meaning assigned to that term under the JLG
Industries, Inc. Employees' Retirement Savings Plan.

		"Vested Retirement Benefit" means the benefit described in Section 0.

		"Voting Power" means the voting power of all securities of the Company then
outstanding generally entitled to vote for the election of directors of the
Company.

	JLG  INDUSTRIES, INC.

Attest:                                        	By:                

Title:                                          	Title: