UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
                             Washington, DC  20549
                                   FORM 10-K
(Mark One)
[X]  ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE 
ACT OF 1934
For the fiscal year ended July 31, 1996      Commission file number 0-8454

[ ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES 
EXCHANGE ACT       OF 1934
For the transition period from                        to                       

                            JLG INDUSTRIES, INC.                           
              (Exact name of registrant as specified in its charter)

           PENNSYLVANIA                              25-1199382            
  (State or other jurisdiction of        (I.R.S. Employer Identification No.)
   incorporation or organization)

           JLG Drive, McConnellsburg, PA                     17233             
(Address of Principal Executive Offices)             (Zip Code)

Registrant's telephone number, including area code       (7l7) 485-5161      

Securities registered pursuant to Section 12(b) of the Act:
 
Capital Stock ($.20 par value)	                 New York Stock Exchange        
       (Title of class)                  (Name of Exchange on which registered)

Securities registered pursuant to Section 12(g) of the Act:

None

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 by check mark if disclosure of delinquent filers pursuant to Item 405 
of Regulation S-K is not contained herein, and will not be contained, to the 
best of registrant's knowledge, in definitive proxy or information statements 
incorporated by reference in Part III of this Form 10-K or any amendment to 
this Form 10-K. [ ]

At October 1, 1996, there were 43,544,034 shares of capital stock of the 
Registrant outstanding, and the aggregate market value of the voting stock held
by nonaffiliates of the Registrant at that date was $800,121,625.

DOCUMENTS INCORPORATED BY REFERENCE

Portions of the Proxy Statement for the 1996 annual meeting of shareholders are
incorporated by reference into Part III.

PART I

ITEM 1.  BUSINESS

General

The Company, organized in 1969, is the leading manufacturer, 
distributor and international marketer of aerial work platforms. Sales 
are made principally to independent distributors who rent and sell the 
Company's products to a broad customer base, which includes users in 
the industrial, commercial, institutional and construction markets.

Products

Aerial Work Platforms.  Aerial work platforms are designed to 
permit workers to position themselves and their tools and materials 
easily and quickly in elevated work areas that otherwise might have to 
be reached by the erection of scaffolding, by the use of ladders, or 
through some other device.  Elevating work platforms consist of self-
propelled boom-type, scissor-type and vertical-type lifts. These work
platforms are mounted either at the end of a telescoping and/or articulating
lifting mechanism, which in turn are mounted on mobile, 
four-wheel chassis.  The Company offers elevating work platforms 
powered by electric motors or gasoline, diesel, or propane engines.  
All of the Company's elevating work platforms are designed for stable 
operation in elevated positions and self-propelled models travel on 
grades of up to twenty-four degrees.

Boom-type self-propelled aerial work platforms are especially 
useful for reaching over machinery and equipment that is mounted on 
floors and for reaching other elevated positions not easily approached 
by a vertical lifting device.  The Company produces boom-type self-
propelled aerial work platform models of various sizes with 
platform heights ranging up to 150 feet.  The boom may be rotated up 
to 360 degrees in either direction, raised or lowered from vertical to 
below horizontal, and extended while the work platform remains 
horizontal and stable.  Vehicles on which the booms are mounted may be 
maneuvered forward or backward and steered in any direction by the 
operator from the work platform.  Boom-type models have standard-sized 
work platforms, which vary in size up to 3 by 8 feet, and the rated 
lift capacities range from 500 to 2,000 pounds.  The distributor net 
price of the Company's standard models at July 31, 1996 ranged from 
approximately $18,735 to $325,000.

Scissor-type self-propelled aerial work platforms are designed to 
provide larger work areas, and generally to allow for heavier loads 
than boom-type lifts.  Scissor-type lift vehicles may be maneuvered in 
a manner similar to boom-type models, but the platforms may be 
extended only vertically, except for an available option that extends 
the deck horizontally up to 6 feet.  The scissor-type models have 
maximum elevation capabilities of up to 50 feet and various platform 
sizes up to 6 by 14 feet.  The rated lift capacities range from 500 to 
2,500 pounds. The distributor net price of the Company's standard 
models at July 31, 1996 ranged from approximately $9,476 to $49,091.

Self-propelled and push-around vertical lifts consist of a work 
platform attached to an aluminum mast that extends vertically, which 
in turn, is mounted on either a push-around or self-propelled base.  
Available in various models, these machines can be rolled in their 
retracted position through standard door openings. They have maximum 
elevation capabilities of up to 36 feet and rated lift capacities from 
300 to 750 pounds.  The distributor net price of the Company's 
standard models at July 31, 1996 ranged from approximately $3,397 to 
$8,619.

The Company has eleven registered trademarks and nineteen patents and 
considers them to be beneficial in its business.

Marketing

The Company's products are marketed internationally primarily through 
a network of independent distributors.  The North American distributor 
network approximates 100 companies operating through nearly 300 
branches.  In Europe, the Company's distribution base includes 
approximately 60 locations.  The Company also has established a 
presence in eight countries in the Asia/Pacific region as well as 
Australia and Japan and has distributor locations in the major 
countries of Latin America.  The Company's distributors sell and rent 
the Company's products and provide service support.  The Company also 
sells directly through its own marketing organizations to certain 
major accounts as well as to customers in parts of the world where 
independent distribution is either not available or not commercially 
feasible.

The Company supports the sales, service, and rental programs of its 
distributors with product advertising, cooperative promotional 
programs, major trade show participation, and distributor personnel 
training in both service and product attributes.  The Company 
supplements domestic sales and service support to its international 
customers through its overseas facilities in the United Kingdom and 
Australia. 

The Company maintains a national rental fleet of elevating work 
platforms.  The purpose of this fleet is to assist the Company's 
distributors in servicing large, one-time projects and in meeting 
periods of unanticipated rental demand, and to make available more 
equipment to distributors with growing markets, but limited financial 
resources.  It also repairs and refurbishes equipment for its own use or for
sale to its distributors.

Product Development

The Company invests significantly in product development and 
diversification, including improvement of existing products and 
modification of existing products for special applications.  Product 
development expenditures totaled $6,925,000, $5,542,000, and 
$4,373,000 for the fiscal years 1996, 1995 and 1994, respectively.  
New products introduced in the past two years accounted for 
approximately 27% percent of fiscal 1996 sales.

Competition

In selling its major products, the Company experiences two types of 
competition.  The Company competes with more traditional means of 
accomplishing the tasks performed by elevating work platforms, such as 
ladders, scaffolding and other devices.

The Company believes that its elevating work platforms in many 
applications are safer, more versatile and more efficient, taking into 
account labor costs, than those traditional methods and that its 
elevating work platforms enjoy competitive advantages when the job 
calls for frequent movement from one location to another at the same 
site or when there is a need to return to the ground frequently for 
tools and materials.

The Company competes principally with nine elevating work platform 
manufacturers.  Some of the Company's competitors are part of, or are 
affiliated with, companies which are larger and have greater financial 
resources than the Company.  The Company believes that its product 
quality, customer service, experienced distribution network, national 
rental fleet and reputation for leadership in product improvement and 
development provide the Company with significant competitive 
advantages.

The Company believes it commands the largest share of the market for 
boom and scissor lift products and is one of the three largest 
producers of vertical lifts.

Executive Officers of the Registrant




                                       Positions with the Company
Name                       Age         (date of initial election)

L. David Black             59          Chairman of the Board, 
                                       President and Chief Executive 
                                       (1993); prior to 1993, 
                                       President and Chief Executive 
                                       Officer (1991).

Charles H. Diller, Jr.     51          Executive Vice President and 
                                       Chief Financial Officer (1990).

Michael Swartz             51          Senior Vice President - 
                                       Marketing (1990).

Rao Bollimpalli            58          Senior Vice President - 
                                       Engineering (1990).

Raymond F. Treml           56          Senior Vice President - 
                                       Manufacturing (1990).
 
All executive officers listed above are elected to hold office for one 
year or until their successors are elected and qualified, and have been 
employed in the capacities noted for more than five years, except as 
indicated.  No family relationship exists among the above named executive 
officers. 

Product Liability

Because the Company's products are used to elevate and move personnel and 
materials above the ground, use of the Company's products involves 
exposure to personal injury as well as property damage, particularly if 
operated carelessly or without proper maintenance.  
                                       
The Company is a party to personal injury and property damage litigation 
arising out of incidents involving the use of its products.  The 
Company's program for fiscal 1996 to insure against exposure to such 
litigation is comprised of a self-insurance retention of $5 million and 
catastrophic coverage of $20 million in excess of the retention. The 
Company has accrued as a reserve $8.9 million with respect to pending and 
potential claims for all years in which the Company is liable under its 
self-insurance retention.  The number of product liability claims filed 
each year fluctuates significantly.  The number of potential claims has 
been affected by the substantial growth in sales over the past several years 
which has dramatically increased machine population and number of users. 
This has exerted upward pressure on the number of claims, which the 
Company has countered through product design safety innovations. Product 
liability costs, based upon the Company's best estimate of anticipated 
losses, for years ended July 31, 1996, 1995 and 1994, approximated 0.9%, 
1.4% and 2.6% of net sales, respectively.

For additional information relative to product liability insurance 
coverage and cost, see Item 3 Legal Proceedings.

Employees

The Company had 2,705 and 2,222 persons employed as of July 31, 1996 and 
1995, respectively.  The Company believes its employee relations are 
good, and it has experienced no work stoppages as a result of labor 
problems.

Foreign Operations 

The Company manufactures its products in the U.S. for sales throughout 
the world.  Sales to customers outside the U.S. were 24%, 18% and 16% of 
net sales for 1996, 1995 and 1994, respectively.  Export sales were up 
substantially in dollar terms, but the percentage gain was only modest 
due to the continued strong growth of domestic sales.

ITEM 2.  PROPERTIES

The Company has manufacturing plants and office space at five sites in 
Pennsylvania totaling 571,000 square feet and situated on 108 acres of 
land. Of this, 497,000 square feet are owned, with the remainder under 
long-term lease. The Company has several international sales offices 
under short-term operating leases.

The Company's McConnellsburg and Bedford, Pennsylvania facilities with
a book value of $9.4 million have been encumbered as security for 
Company long-term borrowings aggregating $1.9 million.

The Company's properties used in its operations are considered to be in 
good operating condition, well-maintained and suitable for their present 
purposes.




ITEM 3.  LEGAL PROCEEDINGS

The Company is a party to personal injury and property damage litigation 
arising out of incidents involving the use of its products.  The 
Company's program for fiscal 1996 to insure against exposure to such 
litigation is comprised of a self-insurance retention of $5 million and 
catastrophic coverage of $20 million in excess of the retention. 
Catastrophic coverage for fiscal year 1997 was increased to $25 million. 
 The Company contracts with an independent insurance firm to provide 
claims handling and adjustment services. The Company's estimates with 
respect to claims are based on internal evaluations of the merits of 
individual claims and the reserves assigned by the Company's independent 
insurance carrier. The methods of making such estimates and establishing 
the resulting accrued liability are reviewed frequently, and any 
adjustments resulting therefrom are reflected in current earnings.  
Claims are paid over varying periods, which generally do not exceed five 
years. Accrued liabilities for future claims are not discounted.  

With respect to all claims of which the Company is aware, accrued 
liabilities of $8.9 million and $8.4 million were established at July 31, 
1996 and 1995, respectively.  While the Company's ultimate liability may 
exceed or be less than the amounts accrued, the Company believes that it 
is unlikely that it would experience losses that are materially in excess 
of such reserve amounts. As of July 31, 1996 and 1995, there were no 
insurance recoverables or offset implications and there were no claims by 
the Company being contested by insurers.

ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

None

PART II

ITEM 5.  MARKET FOR THE REGISTRANT'S COMMON STOCK AND RELATED SHAREHOLDER 
              MATTERS

The Company's capital stock is traded on the New York Stock Exchange 
under the symbol JLG. Prior to September 18, 1996, the Company's shares 
were traded on the NASDAQ National Market under the symbol JLGI. The 
table below sets forth the market prices and average shares traded daily 
for the past two fiscal years.



                             Price per Share             Average  Shares
                         1996              1995           1996     1995
Quarter Ended       High      Low     High      Low
October 31,        $8.33     $5.67   $3.48     $2.83     261,809  164,289
January 31        $10.17     $7.67   $3.48     $2.83     219,170  248,763
April 30          $19.08     $8.83   $3.58     $2.83     397,375  270,300
July 31           $29.50    $12.00   $6.04     $3.21     916,362  321,744

All share and per share data in the table above has been adjusted for the 
two-for-one stock splits distributed in April and October 1995, and the 
three-for-one split distributed in July 1996.  The cash dividend was also 
increased on the same dates on a pre-split basis by 20%, 33% and 50%, 
respectively.  Combined, the three splits increased the number of shares 
outstanding twelve-fold and the cash dividend 140%.  The Company's three 
consecutive years of record performance have contributed to a significant 
increase in its share price.  When combined, the share price and dividend 
increases have provided shareholders a total return of 207% in 1996 and 
in excess of 100% for each of the prior two fiscal years.  The Company's 
quarterly cash dividend rate is currently $.005 per share, or $.02 on an 
annual basis.

The Company believes approximately 56% of the  stock is held by about 140 
institutions, mutual funds, banks, insurance and investment companies and 
pension funds.  In addition, there are about 3,400 shareholders of 
record, including 1,800 employees.

ITEM 6.  SELECTED FINANCIAL DATA
<TABLE>
ELEVEN YEAR FINANCIAL SUMMARY
(in thousands of dollars,
  except per share data)
<CAPTION>
Year ended July 31       1996      1995     1994     1993     1992     1991    1990     1989      1988     1987     1986
RESULTS OF OPERATIONS
<S>                   <C>       <C>      <C>      <C>      <C>       <C>     <C>      <C>       <C>      <C>      <C>
Net sales             $413,407  $269,211 $176,443 $123,034 $110,479  $94,439 $149,281 $121,330  $81,539  $59,827  $59,323
Gross profit           108,716    65,953   42,154   28,240   22,542   20,113   37,767   32,384   23,598   17,075   16,347
Selling, general
  and administrative
  expenses             (44,038) (33,254)  (27,147) (23,323) (22,024) (21,520) (21,834) (18,974) (14,117) (11,946) (12,910)
Restructuring charges                                        (4,922)  (2,781)  (1,015)
Income (loss) from
  operations            64,678   32,699    15,007    4,917   (4,404)  (4,188)  14,918   13,410    9,481    5,129    3,437
Interest expense          (293)    (376)     (380)    (458)  (1,218)  (1,467)  (2,344)  (1,375)    (925)  (1,039)  (1,750)
Other income
 (expense), net          1,281      376       (24)     180     (149)    (707)     858      399      485      958       51
Income (loss) before
  taxes and
  extraordinary
  credit                65,666   32,699    14,603    4,639   (5,771)  (6,362)  13,432   12,434    9,041    5,048    1,738
Extraordinary credit                                                                                                1,063
Income tax
  (provision) benefit  (23,558) (11,941)   (5,067)  (1,410)   2,733    3,122   (4,950)  (4,882)  (3,766)  (3,008)  (1,063)
Net income (loss)       42,108   20,758     9,536    3,229   (3,038)  (3,240)   8,482    7,552    5,275    2,040    1,738
PER SHARE DATA
Net income (loss)         0.95     0.49      0.23     0.07    (0.07)   (0.08)    0.20     0.18     0.13     0.05     0.04 
Cash dividends           0.015   0.0092    0.0083             0.005   0.0208   0.0167   0.0125   0.0083
Shares used in
  computation (in
  thousands)            44,392   42,508    41,950   43,634   43,077   42,542   42,121   42,019   41,331   40,854   40,772
PERFORMANCE MEASURES
Return on sales          10.2%     7.7%      5.4%     2.6%    (2.8%)   (3.4%)    5.7%     6.2%     6.5%     3.4%     2.9%
Return on assets         28.5%    20.2%     12.1%     4.6%    (4.0%)   (4.2%)   10.4%    11.9%    10.8%     4.9%     4.1%
Return on
  shareholders' equity   47.9%    37.1%     23.8%     8.5%    (7.9%)   (7.7%)   21.8%    23.5%    21.2%     9.8%     9.0%
FINANCIAL POSITION
Working capital         71,807   45,404    32,380   26,689   33,304   36,468   47,289   34,745   27,378   16,895   20,070
Current assets as a
  percent of current
  liabilities             226%     216%      208%     217%     268%     266%     304%     254%     250%     216%     369%
Property, plant and
  equipment, net        34,094   24,785    19,344   13,877   13,511   13,726   14,402   11,343    8,677    7,975    8,422
Total assets           182,628  119,708    91,634   72,518   73,785   74,861   86,741   70,570   57,692   42,431   42,478
Total debt               2,194    2,503     7,578    4,471   12,553   14,175   18,404   13,799   11,805    5,513   12,238
Total debt as a
  percent of total
  capitalization            2%       4%       14%      10%      25%      27%      29%      28%      29%      20%      37%
Shareholders' equity   113,208   68,430    45,706   38,939   37,186   38,596   44,109   35,331   28,465   22,582   20,512
Book value per share      2.61     1.60      1.09     0.89     0.86     0.90     1.05     0.84     0.68     0.55     0.50
OTHER DATA
Product development
  expenditures           6,925    5,542     4,373    3,385    3,628    3,430    3,520    2,904    2,910    2,010    2,313
Capital expenditures,
  net of retirements    16,668    8,618     7,762    3,570    1,364    1,637    4,615    4,054    1,619    1,197    1,605
Depreciation and
  amortization           6,505    3,875     2,801    2,500    2,569    1,953    1,771    1,609    1,968    1,830    2,266
Employees                2,705    2,222     1,620    1,324    1,014    1,182    1,565    1,455    972        804      600
</TABLE>
This summary should be read in conjunction with Management's Discussion and
Analysis.  All share and per share data have been adjusted for the two-for-one
stock splits distributedin April and October, 1995 and the three-for-one stock
split distributed in July, 1996.


ITEM 7.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND 
               RESULTS OF OPERATIONS

The information given below is intended to assist in understanding the 
Company's financial condition and results of operations as reflected in 
the Consolidated Financial Statements.

The Company is the world's leading manufacturer, distributor and 
international marketer of mobile elevating work platforms used primarily 
in industrial, commercial, institutional and construction applications.  
Sales are made principally to independent equipment distributors that 
rent the Company's products and provide service support to equipment 
users. The Company also sells its products to large independent rental 
companies.  Equipment purchases by end-users, either directly from the 
Company or through distributors, comprise a significant, but smaller 
portion of sales.  The Company also generates a small, but growing amount 
of revenue from sales of used equipment and from equipment rentals and 
services provided by JLG's Equipment Services operations.

Demand for the Company's products tends to be cyclical, responding 
historically to varying levels of construction and industrial activity, 
principally in the United States and, to a lesser extent, in other 
industrialized nations.  During recessionary conditions, demand for 
rental equipment typically declines more sharply than demand for 
equipment purchased by end-users.  Other factors affecting demand include 
the availability and cost of financing for equipment purchases and the 
market availability of used equipment.

Due to the cyclical demand, the Company's financial performance and cash 
flows tend to fluctuate.  However, the Company continually strives to 
reduce operating costs and increase manufacturing efficiencies.  The 
Company also considers the development and introduction of new and 
improved products and expansion into underserved geographic markets to be 
important factors in maintaining and strengthening its market position 
and reducing cyclical fluctuations in its financial performance and cash 
flows.

RESULTS OF OPERATIONS

Net sales reached a new high in 1996, rising by 54% over 1995 and by 53% 
from 1994 to 1995. The growth in revenues for both years included 
increased demand across virtually all product classes. Strong U.S. and 
European demand for both 1996 and 1995 was the primary contributor to the 
record sales. Sales outside the U.S., as a percent of total sales, were 
24%, 18% and 16% in 1996, 1995 and 1994, respectively.  New and 
redesigned products introduced over a two-year period contributed 27%, 
24% and 25% to sales in 1996, 1995 and 1994, respectively. Though the 
Company has a broad base of customers, each of whose purchases may vary 
significantly from year to year, the Company has recently experienced 
some consolidation among its largest customers, and sales to these 
customers are increasing in significance.

Gross profit, as a percent of sales, increased to 26% in 1996 from 24% in 
1995, primarily due to the effects of spreading fixed overhead expenses 
over a higher production base, lower product liability costs and higher 
selling prices. This improvement was partially offset by changes in 
product mix.  Gross profit, as a percent of sales, was 24% for both 1995 
and 1994. Lower manufacturing costs due to continued improvements in 
manufacturing processes, lower warranty and product liability costs, and 
higher selling prices offset increased material costs, a less profitable 
product mix and costs associated with outsourcing additional production 
as a result of the substantial increase in demand and capacity 
limitations.  

Selling, general and administrative expenses increased $10.8 million and 
$6.1 million for 1996 and 1995,respectively, but as a percent of sales 
decreased to 11% in 1996 from 12% in 1995 and 15% in 1994. The dollar 
increase for both years included higher personnel and related costs, 
increased consulting and advertising expenses and increased expenses from 
foreign operations, all of which primarily related to increased business 
levels.  The increase in expenditures between 1996 and 1995 were 
partially offset by a reduction in bad debt expenses. The increase 
between 1995 and 1994 also included higher research and development 
spending.

The effective income tax rate was 36% in 1996 compared to 37% and 35% in 
1995 and 1994, respectively.  The effective income tax rate for 1996 was 
lower than the rate in 1995, primarily due to a larger tax benefit 
associated with export sales in 1996, while the rate for 1995 was higher 
than the rate for 1994 due to the tax benefit from closing an overseas 
facility in 1994.

FINANCIAL CONDITION

The Company strengthened its financial position during 1996 through 
increased cash from operations and the sale of its Material Handling 
Division.  Cash generated from operating activities improved by $3.8 
million in 1996 and $6.0 million in 1995, principally due to the 
increased profitability of the Company. Working capital increased by 
$26.4 million in 1996 and $13.0 million in 1995 primarily due to higher 
business levels.  The Company also invested an additional $9.9 million in 
1996 and $1.5 million in 1995 to expand its JLG Equipment Services 
operation.  Capital expenditures were $16.7 and $8.6 million in 1996 and 
1995, respectively. 

At July 31, 1996, the Company had unused credit lines totaling $20 
million and cash balances of $30.4 million.  The Company considers these 
resources, coupled with cash expected to be generated by operations, 
adequate to meet its foreseeable funding needs, including about $55 
million budgeted for capital-related projects in 1997.  The major items 
budgeted are approximately $25 million to further expand the JLG 
Equipment Services fleet of rental machines, $7 million to complete the 
scissor lift plant expansion and $13 million to increase boom lift 
manufacturing capacity. The Company intends to finance about $3 million 
of these projects with borrowed capital.

The Company's exposure to product liability claims is discussed in the 
Commitments and Contingencies note to the Consolidated Financial 
Statements. Future results of operations, financial condition and 
liquidity may be affected to the extent that the Company's ultimate 
liability with respect to product liability varies from current 
estimates.

OUTLOOK

This Outlook section and other parts of this Management's Discussion and 
Analysis contain forward-looking information and involve risks and 
uncertainties.  Certain factors that could significantly impact expected 
results are described in "Cautionary Statements Pursuant to the 
Securities Litigation Reform Act" which is an exhibit to this Form 10-K.

Demand for the Company's products continues strong and the level of 
unfilled orders remains high. Demand for the Company's new products and 
from increased distribution globally should contribute to additional sales 
growth. Rental fleet utilization also remains strong throughout the 
United States and used equipment available for resale is scarce.  
Additional manufacturing throughput, capacity and efficiency gains in 
both the McConnellsburg plant and the new Bedford facility should improve 
the Company's ability to satisfy customer demand and should improve 
product profit margins.  Product mix also affects gross margins and is 
difficult to forecast. All of these factors bode well for another strong 
year in fiscal 1997, provided there is no unanticipated softening in 
customer demand.

ITEM 8.  FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

The following consolidated financial statements of JLG Industries, Inc. 
and its subsidiaries, are included herein as indicated below:

Consolidated Balance Sheets - July 31, 1996 and 1995

Consolidated Statements of Income - Years Ended July 31, 
1996, 1995 and 1994

Consolidated Statements of Shareholders' Equity - Years Ended 
July 31, 1996, 1995 and 1994

Consolidated Statements of Cash Flows - Years Ended July 31, 
1996, 1995 and 1994

Notes to the Consolidated  Financial Statements - July 31, 
1996

Report of Independent Auditors

JLG INDUSTRIES, INC.
 CONSOLIDATED BALANCE SHEETS
(in thousands, except per share data)

                                              					 	  	    July 31
                                                         1996     1995




ASSETS
Current Assets
  Cash                                                 $30,438   $12,973  
  Accounts receivable, less allowance for 
    doubtful accounts of $1,215 in 1996 and
    $1,325 in 1995                                      54,342    33,466  
  Inventories:
    Finished goods                                      12,925     7,630  
    Work in process                                     13,972    13,357  
    Raw materials                                       12,536    12,459  
                                                        39,433    33,446  
  Other current assets                                   4,649     4,683  
    Total Current Assets                               128,862    84,568  
Property, Plant and Equipment 
  Land and improvements                                  3,443     3,038  
  Buildings and improvements                            14,119    11,524  
  Machinery and equipment                               37,960    29,290  
                                                        55,522    43,852  
  Less allowance for depreciation                       21,428    19,067  
                                                        34,094    24,785  
Equipment Held for Rental                               13,459     5,052  
Other Assets                                             6,213     5,303  
                                                      $182,628  $119,708  

LIABILITIES AND SHAREHOLDERS' EQUITY
Current Liabilities
  Current portion of long-term debt                       $243      $243  
  Accounts payable                                      34,535    20,028  
  Accrued expenses                                      22,277    18,893  
    Total Current Liabilities                           57,055    39,164  
Long-Term Debt                                           1,951     2,260  
Other Liabilities and Deferred Credits                  10,414     9,854  
Shareholders' Equity
  Capital stock:
    Authorized shares: 50,967 at $.20 par value
    Issued and outstanding shares: 1996 -      
      43,382 shares; 1995 - 42,825 shares                8,676     8,565  
  Additional paid-in capital                             7,879     4,411  
  Equity adjustment from translation                    (2,060)   (1,799)
  Retained earnings                                     98,713    57,253  
    Total Shareholders' Equity                         113,208    68,430  
                                                      $182,628  $119,708  

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

JLG INDUSTRIES, INC.
CONSOLIDATED STATEMENTS OF INCOME
(in thousands, except per share data)

                                      							Fiscal Years Ended July 31
                                           1996          1995        1994

Net Sales                               $413,407       $269,211    $176,443  

Cost of sales                            304,691        203,258     134,289  

Gross Profit                             108,716         65,953      42,154  

Selling, general and
  administrative expenses                 44,038         33,254      27,147  

Income from Operations                    64,678         32,699      15,007  

Other income (deductions):
  Interest expense                          (293)          (376)      (380)
  Miscellaneous, net                       1,281            376        (24) 

Income before Taxes                       65,666         32,699     14,603  
Income tax provision                      23,558         11,941      5,067  

Net Income                               $42,108        $20,758     $9,536  

Net Income per Share                        $.95           $.49       $.23  

The accompanying notes are an integral part of these financial statements.
<TABLE>
CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY
(in thousands except share data)
<CAPTION>
                                                                              Equity 
                                                            Additional    Adjustment
                                         Capital   Stock       Paid-in          from   Retained  Treasury
                                         Shares  Par Value     Capital   Translation   Earnings    Stock
<S>                                      <C>      <C>          <C>         <C>         <C>         <C>
Balances at July 31, 1993                43,877   $8,775       $4,498      ($2,034)    $27,700
Net income for the year                                                                  9,536
Dividends paid: $.0083 per share                                                          (352)
Aggregate translation adjustment, net
 of deferred tax benefit of $1,032                                             135
Stock option transactions                   203       41          282  
Purchase of treasury stock               (2,471)                                                   (3,500)
Contribution to employee benefit plan       297                   204                                 421
Balances at July 31, 1994                41,906    8,816        4,984       (1,899)     36,884     (3,079)
Net income for the year                                                                 20,758
Dividends paid: $.0092 per share                                                          (389)
Aggregate translation adjustment, net 
 of deferred tax benefit of $837                                               100
Stock option transactions                  553       111         985  
Contribution to employee benefit plan      366                   640                                  519
Retirement of treasury stock                        (362)     (2,198)                               2,560
Balances at July 31, 1995               42,825     8,565       4,411        (1,799)     57,253
Net income for the year                                                                 42,108
Dividends paid: $.015 per 
  share                                                                                   (648)
Aggregate translation adjustment, net
 of deferred tax benefit of $737                                              (261)
Stock option transactions                  557       111       3,468
Balances at July 31, 1996               43,382    $8,676      $7,879       ($2,060)    $98,713
</TABLE>
The accompanying notes are an integral part of these statements


CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
                                                    Year Ended July 31
                                                 1996       1995      1994
Operations
  Net income                                     $42,108   $20,758   $9,536  
  Adjustments to reconcile net income to
    cash provided by operating activities:
      Depreciation                                 6,505     3,875    2,801  
      Provision for self-insured losses            2,938     2,800    3,950  
      Deferred income taxes                          502      (596)  (1,233)
      Changes in operating assets and liabilities:
           Accounts receivable                   (23,748)   (7,522)  (4,686)
           Inventories                           (13,686)   (9,867)  (3,682)
           Other current assets                     (278)    1,412       21  
           Accounts payable                       16,680     5,251    3,728  
           Accrued expenses                        3,076     4,328    2,659  
  Changes in equipment held for rental            (9,873)   (1,548)  (1,455)
  Changes in other assets and liabilities         (3,406)   (1,857)    (601)
Cash provided by operations                       20,818    17,034   11,038  
Investments
  Purchases of property, plant
    and equipment                                (16,690)  (11,035)  (7,963)
  Proceeds from sale of property, plant
    and equipment                                     22     2,417      201  
  Proceeds from sale of Material Handling
    Division                                      10,954  
Cash used for investments                         (5,714)   (8,618)  (7,762)
Financing
  Repayment of long-term debt                       (309)   (5,081)  (1,904)
  Issuance of long-term debt                                          5,000  
  Payment of dividends                              (648)     (389)    (352)
  Purchase of treasury stock                                         (3,500)
  Exercise of stock options                        3,579       915      326  
  Stock issued for employee benefit plans                    1,159      625  
Cash provided by (used for) financing              2,622    (3,396)     195  
Currency Adjustments
  Effect of exchange rate changes on cash           (261)     (135)    (231)
Cash
  Net change in cash                              17,465     4,885    3,240  
  Beginning balance                               12,973     8,088    4,848  
  Ending balance                                 $30,438   $12,973   $8,088  
			
The accompanying notes are an integral part of these statements.

JLG INDUSTRIES, INC. 
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(in thousands except per share data)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICES

Principles of Consolidation and Statement Presentation
The consolidated financial statements include the accounts of the Company 
and its subsidiaries.  Significant intercompany accounts and transactions 
have been eliminated in consolidation.  In preparing the financial 
statements, management is required to make estimates and assumptions that 
affect the amounts reported in the financial statements and accompanying 
notes.  Actual results may differ from those estimates.  Certain prior 
year amounts in the consolidated financial statements have been 
reclassified to conform to the presentation used for 1996.

Cash and Cash Equivalents
The Company considers all highly liquid investments with a maturity of 
three months or less when purchased to be cash equivalents and classifies 
such amounts as cash.

Inventories
Inventories are stated at the lower of cost or market.  Cost is 
determined using the LIFO (last-in, first-out) method. Inventories at 
July 31, 1996 and 1995 would have been higher by $4,307 and $4,528, 
respectively, had the Company used FIFO cost, which approximates current 
cost, rather than LIFO cost for valuation of its inventories.

Property, Plant and Equipment and Equipment Held for Rental
Property, plant and equipment and equipment held for rental are stated at 
cost, net of accumulated depreciation.  Depreciation is computed using 
the straight-line method, based on useful lives of 15 years for land 
improvements, 10 to 20 years for buildings and improvements, three to 10 
years for machinery and equipment and three to seven years for equipment 
held for rental.

Income Taxes
Deferred income tax assets and liabilities arise from differences between 
the tax basis of assets or liabilities and their reported amounts in the 
financial statements.  Deferred tax balances are determined by using the 
tax rate expected to be in effect when the taxes are paid or refunds 
received.

Capital Stock
In July 1996, the Company distributed a three-for-one stock split and in 
April 1995 and October 1995, the Company distributed two-for-one stock 
splits of the Company's then outstanding common stock.  The splits were 
effected by stock dividends. All share and per share data included in 
this Annual Report have been restated to reflect the stock splits.

Product Development
The Company incurred product development and other engineering expenses 
of $6,925, $5,542 and $4,373 in 1996, 1995 and 1994, respectively, which 
were charged to expense as incurred.



Fair Value of Financial Instruments
The carrying values reported in the consolidated balance sheet for cash, 
accounts receivable, accounts payable, other assets and accrued expenses 
approximate their fair values. The fair value of the Company's long-term 
debt is estimated to approximate the carrying amount reported in the 
consolidated balance sheet based on current interest rates for similar 
types of borrowing arrangements.

Stock-Based Compensation
The Financial Accounting Standards Board recently issued Statement of 
Financial Accounting Standards No. 123, "Accounting for Stock-Based 
Compensation." This new standard encourages, but does not require, 
companies to recognize compensation expense for grants of stock, stock 
options and other equity instruments based on the fair-value method of 
accounting.  The Company is required to adopt SFAS No. 123 for its fiscal 
year 1997.  The Company expects to continue to follow the accounting 
provisions of APB No. 25 for stock based compensation and to furnish the 
pro-forma disclosure required under SFAS No. 123, if material.

Translation of Foreign Currencies
The financial statements of the Company's Australian operation are 
measured in its local currency and then translated into U.S. dollars.  
All balance sheet accounts have been translated using the current rate of 
exchange at the balance sheet date.   Results of operations have been 
translated using the average rates prevailing throughout the year. 
Translation gains or losses resulting from the changes in the exchange 
rates from year to year are accumulated in a separate component of 
shareholders' equity.

The financial statements of the Company's European operation are prepared 
using the U.S. dollar as its functional currency.  The transactions of 
this operation that are denominated in foreign currencies have been 
remeasured in U.S. dollars, and any resulting gain or loss is reported in 
income. 

Net Income per Share
Net income per share for 1996 is computed by dividing net income by the 
weighted average number of common shares outstanding plus the incremental 
shares that would have been outstanding upon the assumed exercise of 
dilutive stock options. In 1995 and 1994, the dilutive effect of stock 
option shares was immaterial, and therefore, not considered in the 
calculation of net income per share.


INCOME TAXES

The income tax provision consisted of the following for the years ended 
July 31: 

                                          1996        1995      1994
Current:
  Federal                               $20,476     $10,641    $5,373  
  State                                   2,580       1,896       927  
                                         23,056      12,537     6,300  
Deferred:
  Federal                                   435        (483)     (833)
  State                                      67        (113)     (400)
                                            502        (596)   (1,233)
                                        $23,558     $11,941    $5,067  

The Company made income tax payments of $24,435, $11,858, and $5,700 in 
1996, 1995, and 1994, respectively.

The difference between the U.S. federal statutory income tax rate and the 
Company's effective tax rate is as follows for the years ended July 31:

                                          1996        1995      1994
Statutory U.S. federal income
  tax rate                                 35%         35%       35%
State tax provision, net of
  federal effect                            3           4         4  
Net tax effect of foreign
  operations                                                     (2)
Other                                      (2)         (2)       (2)
                                           36%         37%       35%

Components of deferred tax assets and liabilities were as follows at July 31:
 
                                                1996       1995
Future income tax benefits:
  Contingent liabilities provisions            $4,065     $3,811  
  Employee benefits                             1,331      1,154  
  Translation adjustments                       1,193        918  
  Inventory valuation provisions                  649        887  
  Other                                           966      1,360  
                                                8,204      8,130  
Deferred tax liabilities:
  Depreciation and asset basis differences      1,165        925  
  Other                                           153        145  
                                                1,318      1,070  
                                                6,886      7,060  
Less valuation allowance                         (222)      (234)
Net deferred tax assets                        $6,664     $6,826  

The current and long-term deferred tax asset amounts are included in 
other current and other asset amounts on the consolidated balance sheets.


BANK CREDIT LINES AND LONG-TERM DEBT

The Company has available a $20 million unsecured bank revolving line of 
credit with a term of two years, renewable annually, and at an interest 
rate of prime or a spread over LIBOR.  The facility further provides for 
borrowings using bankers acceptances at prevailing discount rates.  The 
Company also has the option to convert outstanding borrowings under the 
facility to an amortizing term loan with a repayment period of up to five 
years, and at an interest rate based on the yield of U.S. Treasury 
securities with the same maturity.  There were no amounts outstanding 
under this facility at July 31, 1996 and 1995.

Long-term debt was as follows at July 31:
                                                    1996         1995
Industrial revenue bonds due in 1999
  with interest at 7%                             $1,000       $1,000  
Industrial revenue mortgages due through
  2004 with interest at 5.5%                         601          677  
State agency mortgages due through 2004
  with interest averaging 3%                         506          662  
Other                                                 87          164  
                                                   2,194        2,503  
Less current portion                                (243)        (243)
                                                  $1,951       $2,260  

The bank revolving line of credit requires the maintenance of certain 
financial ratios.  Borrowings aggregating $1.9 million under certain 
long-term loans are secured by $9.4 million in assets of the Company.  
Interest paid on all borrowings was $293, $378 and $461 in 1996 1995, and 
1994, respectively.

The aggregate amounts of long-term debt outstanding at July 31, 1996 
which will become due in 1997 through 2001 are: $243, $159, $1,142, $143 
and $144, respectively.

EMPLOYEE BENEFIT PLANS

The Company's stock incentive plan has reserved 5,617 common shares that 
may be awarded to key employees in the form of options to purchase 
capital stock, or restricted shares.  The option price is set by the 
Company's Board of Directors.  For all options currently outstanding, the 
option price is the fair market value of the shares on their date of 
grant.

The directors stock option plan provides for annual grants to each 
outside director of a single option to purchase six thousand shares of 
capital stock, providing the Company earned a net profit, before 
extraordinary items, for the prior fiscal year.  The option price shall 
be equal to the shares' fair market value on their date of grant.  An 
aggregate of 1,968 shares of Common stock is authorized to be issued 
under the plan.


Outstanding options and transactions involving the plans are summarized 
as follows:

                                                     1996         1995  
Outstanding options at the beginning of the year    1,911        2,077  
Options granted ($3.30 to $14.75 per share)           275          455  
Options cancelled ($1.12 to 2.93 per share)            (8)         (44)
Options exercised ($.43 to $5.64 per share)          (473)        (577)
Outstanding options at the end of the year          1,705        1,911  
Exercisable options at the end of the year
  ($.43 to $5.64 per share)                           728          526  

The Company has a discretionary, defined-contribution retirement plan 
covering all its eligible U.S. employees.  The Company's policy is to 
fund the pension cost as accrued.  Plan assets are invested in money 
market funds, government securities, mutual funds and the Company's 
capital stock.  The aggregate expense relating to these plans was $4,355, 
$2,298 and $1,888 in 1996, 1995 and 1994, respectively.

ACCRUED EXPENSES

Components of accrued expenses were as follows at July 31:

                                                    1996         1995
Salaries, wages and related taxes                 $8,904       $6,609
Income taxes                                       2,111        2,718
Contingent liabilities, current portion            2,231        2,378
Employee benefits                                  1,491        1,563
Sales rebates                                      3,409          884
Other                                              4,131        4,741
                                                 $22,277      $18,893

INDUSTRY AND EXPORT DATA

The Company operates in one dominant industry segment - the manufacturing 
and selling of mobile, hydraulically-operated equipment. The Company 
manufactures its products in the U.S. and its customers are principally 
U.S. based equipment rental firms.  Additionally, its receivables from 
these customers are generally not collateralized.  Sales to one customer, 
as a percent of total sales, were 13% for 1996 and 1995 and 12% for 1994. 
Export sales, as a percent of total sales, were 24%, 18% and 16% of net 
sales for 1996, 1995 and 1994, respectively.  

COMMITMENTS AND CONTINGENCIES 

The Company is a party to personal injury and property damage litigation 
arising out of incidents involving the use of its products.  The 
Company's insurance program for fiscal year 1996 was comprised of a self-
insured retention of $5 million and catastrophic coverage of $20 million 
in excess of the retention.  Catastrophic coverage for fiscal year 1997 
was increased to $25 million.  The Company contracts with an independent 
insurance firm to provide claims handling and adjustment services.  The 
Company's estimates with respect to claims are based on internal 
evaluations of the merits of individual claims and the reserves assigned 
by the Company's independent insurance carrier. The methods of making 
such estimates and establishing the resulting accrued liability are 
reviewed frequently, and any adjustments resulting therefrom are 
reflected in current earnings. Claims are paid over varying periods, 
which generally do not exceed five years.  Accrued liabilities for future 
claims are not discounted.

With respect to all outstanding claims of which the Company is aware, 
accrued liabilities of $8.9 million and $8.4 million were established at 
July 31, 1996 and 1995, respectively.  While the Company's ultimate 
liability may exceed or be less than the amounts accrued, the Company 
believes that it is unlikely that it would experience losses that are 
materially in excess of such estimated amounts.  As of July 31, 1996 and 
1995, there were no insurance recoverables or offset implications and 
there were no claims by the Company being contested by insurers.

The Company leases equipment under operating leases expiring in various 
years.  These leases require the Company to pay all maintenance and 
general operating costs.  Future minimum lease payments are:  $1,387, 
$1,367, $143, $85 and $85 in 1997 through 2001, respectively. Rental 
expense for all operating leases was $1,408, $906, and $955 in 1996, 1995 
and 1994, respectively.

UNAUDITED QUARTERLY FINANCIAL INFORMATION

Unaudited financial information was as follows for the fiscal quarters 
within the years ended July 31:



                              Gross    Net      Net Income
                  Net Sales   Profit   Income   Per Share
1996
October 31         $86,701   $21,494   $7,780     $.18 
January 31          87,558    22,458    8,268      .19
April 30           113,217    31,296   12,461      .28
July 31            125,931    33,468   13,599      .30
                  $413,407  $108,716  $42,108     $.95
1995
October 31         $53,724   $12,984   $3,863     $.09
January 31          52,175    13,449    3,752      .09
April 30            75,809    18,082    6,089      .14
July 31             87,503    21,438    7,054      .17
                  $269,211   $65,953  $20,758     $.49

REPORT OF ERNST & YOUNG LLP, INDEPENDENT AUDITORS

To The Board of Directors and Shareholders
JLG Industries, Inc.
McConnellsburg, Pennsylvania

We have audited the accompanying consolidated balance sheets of JLG 
Industries, Inc. as of July 31, 1996 and 1995, and the related 
consolidated statements of income, shareholders' equity, and cash flows 
for each of the three years in the period ended July 31, 1996.  These 
financial statements are the responsibility of the Company's management. 
 Our responsibility is to express an opinion on these financial 
statements based on our audits.

We conducted our audits in accordance with generally accepted auditing 
standards.  Those standards require that we plan and perform the audit to 
obtain reasonable assurance about whether the financial statements are 
free of material misstatement.  An audit includes examining, on a test 
basis, evidence supporting the amounts and disclosures in the financial 
statements.  An audit also includes assessing the accounting principles 
used and significant estimates made by management, as well as evaluating 
the overall financial statement presentation.  We believe that our audits 
provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present 
fairly, in all material respects, the consolidated financial position of 
JLG Industries, Inc. at July 31, 1996 and 1995, and the consolidated 
results of its operations and its cash flows for each of the three years 
in the period ended July 31, 1996 in conformity with generally accepted 
accounting principles.




Baltimore, Maryland
September 3, 1996





ITEM 9.  CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND 
         FINANCIAL DISCLOSURE

None.


PART III

ITEM 10.  DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT

The information required by this Item 10 relating to identification of
directors is incorporated herein by reference from pages 2 through 4 of 
the Company's Proxy Statement under the caption "Election of Directors." 
 Identification of officers is presented in Item 1 of this report under 
the caption "Executive Officers of the Registrant."


ITEM 11.  EXECUTIVE COMPENSATION

The information required by this Item 11 relating to executive 
compensation is hereby incorporated by reference from pages 3 through 4, 
under the caption "Board of Directors," and pages 5 through 11, under the 
caption "Executive Compensation," of the Company's Proxy Statement.

ITEM 12.  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

The information required by this Item 12 relating to security ownership 
of certain beneficial owners and management is hereby incorporated by 
reference from pages 4 and 5 of the Company's Proxy Statement under the 
caption "Voting Securities and Principal Holders."  There is no required 
disclosure regarding change in control.

ITEM 13.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

The information required by this Item 13 relating to certain 
relationships and related transactions is hereby incorporated by 
reference from page 12 of the Company's Proxy Statement under the caption 
"Certain Transactions."


PART IV

ITEM 14.  EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND REPORTS ON FORM 8-K

(a) (1) and (2)  The following consolidated financial statements of the 
registrant and its subsidiaries are included in Item 8.
                                      
     Consolidated Balance Sheets - July 31, 1996 and 1995

     Consolidated Statements of Income - Years ended July 31, 1996, 1995 
     and 1994
              
     Consolidated Statements of Shareholders' Equity - Years ended 
     July 31, 1996, 1995 and 1994

     Consolidated Statements of Cash Flows - Years ended July 31, 1996,  
     1995 and 1994

     Notes to Consolidated Financial Statements - July 31, 1996


The following consolidated financial schedule of the registrant and its 
subsidiaries is included in Item 14(d):

     Schedule II - Valuation and Qualifying Accounts


All other schedules for which provision is made in the applicable 
accounting regulation of the Securities and Exchange Commission are not 
required under the related instructions or are inapplicable and, 
therefore, have been omitted.


(a) (3)  Listing of Exhibits

Exhibit
Number       Exhibit

3.1		Certificate of incorporation of JLG Industries, Inc., which
		appears as Exhibit 1 (a) to the Company's Form 10 		
		Registration Statement (File No. 0-8454 -- filed April 22, 	
		1977), is hereby incorporated by reference.

3.2		Amendment to Section 5 of the Company's Articles of 		
		Incorporation effective as of June 14, 1966.

3.3		Amendment to Section 5 of the Company's Articles of 		
		Incorporation effective as of June 14, 1996.
	
3.4		Revised By-Laws of JLG Industries, Inc.

4.1		Trust Indenture between the Bedford County, Pennsylvania 	
		Industrial Development Authority and the Fulton County 	
		National Bank and Trust Company, as Trustee, which appears 	
		as Exhibit B5 to the Company's Form 10-K (File No. 0-8454 -- 
		filed	October 24, 1979), is hereby incorporated by reference.
                                    
4.2		Installment Sale Agreement between Bedford County, 		
		Pennsylvania Industrial Development Authority and JLG 		
		Industries, Inc. which appears as Exhibit B6 to the 		
		Company's Form 10-K (File No. 0-8454 -- filed October 24, 	
		1979), is hereby incorporate by reference.

4.3		Agreement to disclose upon request.

10.1		Stock Redemption Agreement dated August 27, 1980, between 	
		JLG Industries, Inc. and Paul K. Shockey, which appears as 	
		Exhibit 25 to the Company's Form S-7 (Registration No. 2-	
		69194 -- filed September 18, 1980), is hereby incorporated 	
		by reference.

10.2		Directors' Deferred Compensation Plan dated July 29, 1986, 	
		which appears as Exhibit 10.5 to the Company's Form 10-K 	
		(File No. 0-8454 -- filed October 28, 1986), is hereby 	
		incorporated by reference.

10.3		JLG Industries, Inc. Stock Incentive Plan dated May 23, 1991 
		which appears as Exhibit 10.10 to the Company's Form 10-K 	
		(File No. 0-8454 -- filed October 27, 1992), is hereby 	
		incorporated by reference.
	
10.4		Credit Agreement dated December 21, 1989 among JLG 		
		Industries, Inc.,	the First National Bank of Maryland, and 	
		Philadelphia National Bank, which appears as Exhibit 4.1 to 	
		the Company's 10-Q  (File No. 0-8454 	-- filed March 12, 
		1990), is hereby incorporated  by reference.

10.5		First Modification Agreement, dated January 29, 1990 to the 	
		Credit Agreement dated December 21, 1989 among JLG 		
		Industries, Inc., the First National Bank of Maryland, and 	
		Philadelphia National Bank, which appears as Exhibit 4.3 to 	
		the Company's 10-Q (File No. 0-8454 -- filed March 12, 	
		1990), is hereby incorporated by reference.

10.6		Second Modification Agreement, dated September 17, 1993 to 	
		the Credit Agreement dated December 21, 1989 among JLG 	
		Industries, Inc., the First National Bank of Maryland, and 	
		Philadelphia National Bank, which appears as Exhibit 10.12 	
		to the Company's 10-K (File No. 0-8454 -- filed October 20, 	
		1993), is hereby incorporated by reference.

10.7		JLG Industries, Inc. Directors Stock Option Plan amended and 
		restated as of September 7, 1995 which appears as Exhibit 	
		10.12 to the Company's 10-	K (File No. 0-8454 -- filed 	
		October 20, 1993), is hereby incorporated by reference.
 
10.8		JLG Industries, Inc. Supplemental Executive Retirement Plan 	
		effective June 1, 1995

10.9  	JLG Industries, Inc. Executive Retiree Medical Benefits Plan 
		effective June 1, 1995

	10.10	JLG Industries, Inc. Executive Severance Plan effective June 
		1, 1995

22		Listing of subsidiaries.

23		Consent of independent auditors.

27		Financial Data Schedule

(b) The Company was not required to file Form 8-K pursuant to 
requirements of such form in the fourth quarter of fiscal 1996.


	SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) 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.

          JLG INDUSTRIES, INC.
              (Registrant)



          By: /s/  L. David Black                      Date: October 10, 1996 
             L. David Black, Chairman of the Board, President and              
                                Chief Executive Officer 
                                        
Pursuant to the requirements of the Securities Exchange Act of 1934, this 
report has been signed below by the following persons on behalf of the 
registrant and in the capacities on the dates indicated.



          By: /s/  Charles H. Diller, Jr.              Date: October 10, 1996
              Charles H. Diller, Jr., Executive Vice President,                
                                         Chief Financial Officer, Secretary and
                                         Director


          By: /s/  George R. Kempton                   Date: October 10, 1996
              George R. Kempton,  Director



          By: /s/  Gerald Palmer                       Date: October 10, 1996
              Gerald Palmer, Director



          By: /s/  Stephen Rabinowitz                  Date: October 10, 1996
              Stephen Rabinowitz, Director




<TABLE>
	SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS

 	JLG INDUSTRIES, INC. AND SUBSIDIARIES
  (thousands of dollars)                     	           
<CAPTION> 
	Col. A	                Col. B   		Col. C        	Col. D  	Col. E  
                       		           	   	Additions            
		                    Balance at 	Charged to	 Charged to   		              Balance at  
             		     Beginning of	 Costs and  	Other Accounts	Deductions-  	  End of   
Classification		       Period    	Expenses  	 Describe    	  Describe(1)(2) 	Period   
<S>                    <C>           <C>                         <C>         <C>
Year ended July 31, 1996:
  Allowance for Doubtful
   Accounts	           $1,325  	     107  		                     (217)   	   $1,215

Year ended July 31, 1995:
  Allowance for Doubtful
   Accounts	             $965  	     360  		 	                               $1,325

Year ended July 31, 1994:
  Allowance for Doubtful 
   Accounts	             $664  	     644  		                     (343)  	      $965
</TABLE>
Note:

(1)Amounts written off and transferred to other accounts in the current year.
(2)Adjustment resulting from conversion of foreign currencies.