FORM 10-Q/A
                                 Amendment No.1

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


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

                 For the quarterly period ended August 31, 2003

                         Commission file number 0-12611

                                AULT INCORPORATED

              MINNESOTA                                     41-0842932
    -------------------------------                         ----------
    (State or other jurisdiction of                       (I.R.S. Employer
     incorporation or organization)                      Identification No.)

                             7105 Northland Terrace
                        Minneapolis, Minnesota 55428-1028
                        ---------------------------------
                    (Address of principal executive offices)

                  Registrant's telephone number: (763) 592-1900
                                                -----------------


Indicate by check mark whether 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, and (2) has been subject to such filing requirements
for the past 90 days.

         YES __X___                 NO _______

Indicate by check mark whether the registrant is an accelerated filer (as
defined in Exchange Act Rule 12b-2).

         YES _____                  NO ___X___

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


                                                 Outstanding at
          Class of Common Stock                  October 6, 2003
          ---------------------                  ---------------
                   No par value                  4,666,774 shares


                                 Total pages 21
                            Exhibit Index on Page 17


                                     Page 1
<PAGE>


                                EXPLANATORY NOTE


This Amendment No. 1 on Form 10-Q/A amends the Registrant's Quarterly Report on
Form 10-Q for the quarter ended August 31, 2003, as filed on October 15, 2003,
but has no effect on previously reported loss from operations, net loss, or net
loss per share. This amendment is being filed for the sole purpose of correcting
the dates on the consolidated balance sheet, and consolidated cash flow. The
header was inadvertently transposed.


<PAGE>


PART 1.  FINANCIAL INFORMATION

                          ITEM 1 - FINANCIAL STATEMENTS

                        AULT INCORPORATED & SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF OPERATIONS
           (Dollars in Thousands, Except Share and Amounts Per Share)

                                                         (Unaudited)
                                                     Three Months Ended
                                                  --------------------------
                                                   August 31,    September 1,
                                                      2003           2002
                                                  -----------    -----------

Net Sales                                            $10,816        $10,848

Cost of Goods Sold                                     8,276          7,990
                                                   ---------      ---------
   Gross Profit                                        2,540          2,858

Operating Expenses:
   Marketing                                             954          1,125
   Design Engineering                                    879            815
   General & Administrative                            1,404          1,336
   Plant Closing Costs                                    98
                                                   ---------      ---------
                                                       3,335          3,276
                                                   ---------      ---------

   Operating Loss                                       (795)          (418)

Non Operating Income (Expense):
   Interest Expense                                     (159)          (109)
   Interest Income                                                        5
   Other                                                  30            (83)
                                                   ---------      ---------
                                                        (129)          (187)
                                                   ---------      ---------

Loss Before Income Taxes                                (924)          (605)

Income Tax Benefit                                                     (103)
                                                   ---------      ---------

Net Loss                                                (924)          (502)

Preferred Stock Dividends                                (36)           (19)
                                                   ---------      ---------

Net Loss Applicable to Common Stock                    $(960)         $(521)
                                                   =========      =========

Loss Per Share:
        Basic                                         $(0.21)        $(0.11)
        Diluted                                       $(0.21)        $(0.11)

Common and equivalent shares outstanding:
        Basic                                      4,657,421      4,571,973
        Diluted                                    4,657,421      4,571,973


SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


                                     Page 2
<PAGE>


                        AULT INCORPORATED & SUBSIDIARIES
                           CONSOLIDATED BALANCE SHEETS
                             (Dollars in Thousands)

<TABLE>
<CAPTION>
                                                                               (Unaudited)
                                                                          August 31,    June 1,
                                                                             2003        2003
                                                                          ----------   -------
<S>                                                                         <C>         <C>
Assets:
Current Assets
     Cash and Cash Equivalents                                              $1,190      $1,100
     Trade Receivables, Less Allowance for Doubtful Accounts of $565,000
       at August 31, 2003; $500,000 at June 1, 2003                          8,429       7,417
     Inventories (Note 3)                                                    9,517       9,868
     Prepaid and Other Expenses                                              1,648       1,064
                                                                           -------     -------
           Total Current Assets                                             20,784      19,449

Other Assets                                                                    53         333

Property Equipment and Leasehold
   Improvements:
     Land                                                                    1,735       1,735
     Building and Leasehold Improvements                                     7,845       7,845
     Machinery and Equipment                                                 9,015       8,961
     Office Furniture                                                        1,923       1,887
     Data Processing Equipment                                               2,227       2,226
                                                                           -------     -------
                                                                            22,745      22,654

     Less Accumulated Depreciation                                           9,719       9,371
                                                                           -------     -------

                                                                            13,026      13,283
                                                                           -------     -------

                Total Assets                                               $33,863     $33,065
                                                                           =======     =======
</TABLE>

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


                                     Page 3
<PAGE>


                        AULT INCORPORATED & SUBSIDIARIES
                           CONSOLIDATED BALANCE SHEETS
                             (Dollars in Thousands)

<TABLE>
<CAPTION>
                                                                         (Unaudited)
                                                                     August 31,    June 1,
                                                                        2003        2003
                                                                     ----------   -------
<S>                                                                    <C>         <C>
Liabilities and Stockholders' Equity:
Current Liabilities
     Note Payable to Bank                                              $4,090      $3,104
     Current Maturities of Long-Term Debt (Note 6)                        542         560
     Accounts Payable                                                   6,026       5,696
     Accrued Compensation                                               1,297       1,162
     Accrued Commissions                                                  346         300
     Other                                                                450         195
                                                                     --------    --------
        Total Current Liabilities                                      12,751      11,017

Long-Term Debt, Less Current Maturities (Note 6)                        2,428       2,483
Deferred Tax Liability                                                     23          23
Retirement and Severance Benefits                                         182         148

Redeemable Convertible Preferred Stock, No Par Value, 2,074 Shares
   Issued and Outstanding                                               2,074       2,074

Stockholders' Equity:
     Preferred Stock, No Par Value, Authorized,
        1,000,000 Shares;
     Common Shares, No Par Value, Authorized
        10,000,000 Shares; Issued and Outstanding 4,665,774 on
        August 31, 2003; and 4,648,499 on June 1, 2003;                21,062      21,026
     Notes Receivable arising from the sale of common stock               (45)        (45)
     Accumulated Other Comprehensive Loss                                (877)       (886)
     Accumulated Deficit                                               (3,735)     (2,775)
                                                                     --------    --------
                                                                       16,405      17,320
                                                                     --------    --------

                                                                      $33,863     $33,065
                                                                     ========    ========
</TABLE>

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


                                     Page 4
<PAGE>


                        AULT INCORPORATED & SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                             (Dollars In Thousands)

<TABLE>
<CAPTION>
                                                                          (Unaudited)
                                                                       Three Months Ended
                                                                     August 31,  September 1,
                                                                       2003          2002
                                                                     ----------  ------------
<S>                                                                     <C>          <C>
Cash Flows From Operating Activities:
      Net Loss                                                          $(924)       $(502)
      Adjustments to Reconcile Net Loss to Net Cash
          Used in Operating Activities:
             Depreciation                                                 349          238
      Changes in Assets and Liabilities:
          (Increase) Decrease In:
             Trade Receivables                                         (1,020)        (416)
             Inventories                                                  415         (294)
             Prepaid and Other Expenses                                  (260)        (159)
          Increase (Decrease) in:
             Accounts Payable                                             303         (194)
             Accrued Expenses                                             459          234
                                                                      -------      -------
                Net Cash Used in Operating Activities                    (678)      (1,093)
                                                                      -------      -------

Cash Flows From Investing Activities:
      Purchase of Equipment and Leasehold Improvements                    (90)        (107)
      Acquisition Cost                                                                (366)
                                                                      -------      -------
                Net Cash Used in Investment Activities                    (90)        (473)
                                                                      -------      -------

Cash Flows From Financing Activities:
      Net Borrowings (Payments) on Revolving Credit Agreements            927
      Proceeds from Issuance of Common Stock                                            24
      Principal Payments on Long-Term Borrowings                          (73)         (68)
                                                                      -------      -------
                Net Cash Provided by (Used in) Financing Activities       854          (44)
                                                                      -------      -------

Effect of Foreign Currency Exchange Rate Changes
   on Cash                                                                  4           26
                                                                      -------      -------

Increase (Decrease) in Cash and Cash Equivalents                           90       (1,584)

Cash and Cash Equivalents at Beginning of Period                        1,100        4,775
                                                                      -------      -------

Cash and Cash Equivalents at End of Period                             $1,190       $3,191
                                                                      =======      =======

Non-Cash Transaction:
  Issuance of Redeemable Convertible Preferred Stock for
        Acquisition                                                                 $2,074
  Issuance of Common Stock to Pay Preferred Stock Dividends               $36
</TABLE>


                                     Page 5
<PAGE>


AULT INCORPORATED AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
FIRST QUARTER ENDED AUGUST 31, 2003


1.  Summary of Consolidation Principles, Management Plans

The accompanying consolidated financial statements include the accounts of Ault
Incorporated, its wholly owned subsidiaries, Ault Shanghai, Ault Xianghe Co.
Ltd, and Ault Korea Corporation. All intercompany transactions have been
eliminated. The foreign currency translation adjustment represents the
translation into United States dollars of the Company's investment in the net
assets of its foreign subsidiaries in accordance with the provisions of FASB
Statement No. 52.

The balance sheet of the Company as of August 31, 2003, and the related
statements of operations and cash flows for the three months ended August 31,
2003 and September 1, 2002 have been prepared without being audited. In the
opinion of the management, these statements reflect all adjustments (consisting
of only normal recurring adjustments) necessary to present fairly the position
of Ault Incorporated and subsidiaries as of August 31, 2003, and the results of
operations and cash flows for all periods presented.

MANAGEMENT PLANS - The financial statements have been prepared on a
going-concern basis, which contemplates the realization of assets and
satisfaction of liabilities in the normal course of business. The Company
sustained net losses applicable to common stock of $7,692,073 in 2003 and
$3,563,726 in 2002 and at June 1, 2003 had an accumulated deficit of $2,775,398.
The Company utilized $3,179,410 of cash for operating activities in 2003. This
trend has continued in the first quarter of fiscal 2004, with $960,000 of net
losses applicable to common stock. Future operations will require the Company to
borrow additional funds. The Company has a financing agreement, which includes a
$1,250,000 line-of-credit agreement through April 30, 2005. There was an
outstanding balance on this line-of-credit at August 31, 2003 of $1,024,000. The
Company believes they can remain in compliance with covenants in the financing
agreement, as amended, throughout fiscal 2004. The Company continues to take
steps to reduce expenses, improve cash flow and return to profitability,
including the consolidation of its manufacturing operations in this current
quarter. This consolidation includes the closing of its Minneapolis production
operations, eliminating approximately 40 jobs in assembly, equipment
maintenance, procurement and administrative support and the integration of
production into Ault's other manufacturing plants. Ault's engineering,
documentation, safety certification/reliability, sales, marketing and
administrative services will remain at the Minneapolis headquarters facility.
The consolidation is anticipated to take up to four months to complete to ensure
continuing service to Ault's global customer base.

Based on available funds, current plans and business conditions management
believes that the Company's available cash, borrowings and amounts generated
from operations, will be sufficient to meet the Company's cash requirements for
the next 12 months. The assumptions underlying this belief include, among other
things, that there will be no material adverse developments in the business or
market in general. There can be no assurances however that those assumed events
will occur. If management's plans are not achieved, there may be further
negative effects on the results of operations and cash flows, which could have a
material adverse effect on the Company.

Certain information and footnote disclosures normally included in financial
statements prepared in accordance with accounting principles generally accepted
in the United States of America have been condensed or omitted. Therefore, these
statements should be read in conjunction with the financial statements and notes
thereto included in the Company's June 1, 2003 Form 10-K.

The results of operations for the interim periods are not necessarily indicative
of results that will be realized for the full fiscal year.


                                     Page 6
<PAGE>


AULT INCORPORATED AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
FIRST QUARTER ENDED AUGUST 31, 2003


2.  Stock Compensation

The Company's 1986 and 1996 stock option plan has reserved 600,000 and 1,200,000
common shares, respectively, for issuance under qualified and nonqualified stock
options for its key employees and directors. Option prices are the market value
of the stock at the time the option was granted. Options become exercisable as
determined at the date of grant by a committee of the Board of Directors.
Options expire ten years after the date of grant unless an earlier expiration
date is set at the time of grant.

The Company has adopted the disclosure-only provisions of SFAS No. 123,
ACCOUNTING FOR STOCK-BASED COMPENSATION. Accordingly, no compensation cost has
been recognized for the stock option plan, as all options were issued with
exercised prices at or above fair value. Had compensation cost for the Company's
stock option plans been determined based on the fair value at the grant date for
awards in 2003 and 2002 consistent with the provisions of SFAS No. 123, the
Company's net loss and net loss per share would have changed to the pro forma
amounts indicated below:

Amounts in thousands, except per share amounts

                                                          Period Ending
                                                      ---------------------
                                                      Aug. 31      Sept. 1,
                                                       2003         2002
                                                      --------     --------
Net loss, as reported                                 $  (960)     $ (521)
Net loss, pro forma                                    (1,039)       (644)
Net loss, per share, basic, as reported                 (0.21)      (0.11)
Net loss, per share, diluted, as reported               (0.21)      (0.11)
Net loss, per share, basic, pro forma                   (0.22)      (0.14)
Net loss, per share, diluted, pro forma                 (0.22)      (0.14)


3.  Inventories
The components of inventory (in thousands) at August 31, 2003 and June 1, 2003
are as follows:

                                                August 31,       June 1,
                                                   2003           2003
                                                ----------       -------
Raw Materials                                     $5,890          $6,020
Work-in-process                                      920           1,163
Finished Goods                                     2,707           2,685
                                                  ------          ------
                                                  $9,517          $9,868
                                                  ======          ======


                                     Page 7
<PAGE>


AULT INCORPORATED AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
FIRST QUARTER ENDED AUGUST 31, 2003


4. Warranty

The Company offers its customers a three-year warranty on products. Warranty
expense is determined by calculating the historical relationship between sales
and warranty costs and applying the calculation to the current period's sales.
Based on warranty repair costs and the rate of return, the Company periodically
reviews and adjusts its warranty accrual. Actual repair costs are offset against
the reserve. The following table shows the fiscal 2004 year-to-date activity for
the Company's warranty accrual (in thousands):

            Beginning Balance                           $   134

            Charges and Costs Accrued                        18

            Less Repair Costs Incurred                       --
                                                        -------

            Ending Balance                              $   152
                                                        =======


5. Plant Closing

On July 17, 2003, the Company announced the consolidation of its manufacturing
operations. The consolidation includes the closing of its Minneapolis production
operations, eliminating approximately 40 jobs in assembly, equipment
maintenance, procurement and administrative support and the integration of
production into Ault's other manufacturing plants. Ault's engineering,
documentation, safety certification/reliability, sales, marketing and
administrative services will remain at the Minneapolis headquarters facility.
The consolidation is anticipated to take up to four months to complete to ensure
continuing service to Ault's global customer base. The consolidation was
implemented to reduce expenses, improve cash flow and return the Company to
profitability. Ault's management estimates that the consolidation will reduce
expenses by approximately $1.3 million annually.

As a result of these decisions, the Company recorded charges of $98,000, for
severance related to workforce reductions of approximately 40 employees. Cash of
$300,000 is expected to be used in connection with severance charges, which will
begin to be paid in the second quarter and completely paid by the end of fiscal
year 2004.

A summary of the restructuring activity during the three-month period ending
August 31, 2003 is as follows:

<TABLE>
<CAPTION>
                                                     Current Period                  Restructuring
                                     Balance at      Plant Closing       Cash       Liabilities at
                                    June 1, 2003        Charges        Payments     August 31, 2003
                                  ----------------  ----------------  -----------  -----------------
<S>                                             <C>          <C>               <C>           <C>
Employee termination costs                      $0           $98,000           $0            $98,000
</TABLE>


                                     Page 8
<PAGE>


AULT INCORPORATED AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
FIRST QUARTER ENDED AUGUST 31, 2003


6. Debt

The Company has a financing agreement, which includes a $1,250,000 revolving
line-of-credit agreement through April 30, 2005. Interest on advances is at the
prime rate plus 2% (prime plus 7% default rate) for fiscal year 2004. The rate
at August 31, 2003 and June 1, 2003 was 11.00%. All advances are due on demand
and are secured by all assets of the Company. The Company's financing agreement
contains restrictive financial covenants. These covenants require the Company,
among other things, to maintain a minimum capital base, and also impose certain
limitations on additional capital expenditures and the payment of dividends. At
the end of fiscal 2003, the Company's actual capital base did not meet the
minimum capital base of the credit agreement. The Company has received a waiver
and amendment for this covenant. Following the August 29, 2003 amendment, the
Company believes the provisions imposed by this credit agreement are achievable
based on the Company's expected operating results for the next year. There were
advances outstanding on the revolving line of credit of $1,024,000 and $0 at
August 31, 2003 and June 1, 2003. Also, the Company's Korean subsidiary
maintains an unsecured $3,637,000 credit facility agreement to cover bank
overdrafts, short-term financing, and export financing at a rate of 6.25%.
Advances outstanding relating to the Korean facility were $3,078,000 and
$3,104,000 at August 31, 2003 and June 1, 2003, respectively.

Long-term debt (in thousands) including current maturities contain the
following:

<TABLE>
<CAPTION>
                                                                 August 31,   June 1,
                                                                    2003       2003
                                                                 ---------    ------
<S>                                                                <C>        <C>
Term loan, 7.2% interest due in monthly installments through
     December 2003, secured by equipment                              $38        $61
Term loan, 7.94% interest rate due in monthly installments
     through September 2005, secured by furniture                      71         87
Term loan, 5.3% interest rate due in January 2004                     290        290
Term loan, 8.05% interest rate due in monthly installments to
     February 2015, secured by Company's headquarters building      2,571      2,605
                                                                   ------     ------
          Total                                                     2,970      3,043
     Less Current Maturities                                          542        560
                                                                   ------     ------
                                                                   $2,428     $2,483
                                                                   ======     ======
</TABLE>


7.  Stockholders' Equity

<TABLE>
<CAPTION>
                                                                        Three Months Ended
                                                                         August 31, 2003
                                                                        ------------------
                                                                              ($000)
<S>                                                     <C>                   <C>
Total Stockholders' Equity - June 1, 2003                                     $17,320
Net Loss                                                $(924)
Net change in Foreign currency translation
    adjustment                                               9
                                                        ------
Comprehensive Loss                                                              (915)
Preferred Stock Dividends Declared                                               (36)
Preferred Stock Dividends Paid with Common
    Stock                                                                          36

                                                                              --------
Total Stockholders' Equity                                                    $16,405
                                                                              ========
</TABLE>


                                     Page 9
<PAGE>


AULT INCORPORATED AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
FIRST QUARTER ENDED AUGUST 31, 2003


8.  Net Income Per Common Share

Basic and diluted earnings per share are presented in accordance with SFAS No.
128, EARNINGS PER SHARE. The Redeemable Convertible Preferred Stock and stock
options had no effect on diluted weighted average shares outstanding, as they
were anti-dilutive.

<TABLE>
<CAPTION>
                                                                            Three Months Ended
                                                                August 31, 2003           September 1, 2002
                                                                ---------------           -----------------
<S>                                                                   <C>                         <C>
Loss Applicable to Common Shareholders (in
   thousands)                                                            $(960)                      $(521)
Basic - Weighted Average Shares Outstanding                           4,657,421                   4,571,973
Diluted - Weighted Average Shares Outstanding                         4,657,421                   4,571,973
Basic Loss per Share                                                     (0.21)                      (0.11)
Diluted Loss per Share                                                   (0.21)                      (0.11)
</TABLE>


9.  Aquisition

On July 16, 2002, the Company purchased a portion of the operating assets of the
Power General division of Nidec America Corporation. The Power General division
developed, manufactured, and sold high-efficiency DC/DC converters and custom
power supplies at various power levels up to 1200 watts under the Power General
brand name. Pursuant to the Purchase Agreement, the Company paid the seller
$366,000 in cash and issued $2,074,000 face amount of the Company's newly
created Series B 7% Convertible Preferred Stock, no par value (the Preferred
Stock). The Preferred Stock issued to seller is convertible into 488,000 shares
of the Company's common stock. The Company has filed a registration statement
covering the shares of common stock issuable upon conversion of the Preferred
Stock with the Securities and Exchange Commission. Diluted EPS reflects the
potential dilution that could occur if the Preferred Stock was converted into
common stock of the Company during reported periods. The Preferred Stock was
excluded from Diluted EPS in the current year as the effect of its inclusion
would be antidilutive. The Company has maintained Power General's engineering
group in Massachusetts and has moved Power General's manufacturing operations
and related functions to The Company's other facilities in North America and
Asia.

The addition of Power General benefits the Company in a number of ways. First,
the additional engineering capabilities have enhanced product development.
Second, the acquisition brings greater product breadth to the Company through
the addition of AC/DC power supplies and DC/DC converter products. This broader
offering affords The Company new business opportunities.


                                    Page 10
<PAGE>


AULT INCORPORATED AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
FIRST QUARTER ENDED AUGUST 31, 2003


The total cost of the acquisition, which closed on July 16, 2002, was $2,559,278
and was accounted for under the purchase method of accounting. Accordingly, the
acquired assets and liabilities assumed have been recorded at their respective
fair values as of the date of acquisition. The results of operations of the
acquired business is included in the financial statements since the date of the
acquisition. The following table summarizes the estimated fair values of the
assets acquired and liabilities assumed from Nidec on the date of the
acquisition:

        Inventories                           $ 1,048,675
        Property and equipment                  1,634,971
                                              -----------

          Total assets acquired                 2,683,646
                                              -----------

        Current liabilities                       124,368
                                              -----------

          Net assets acquired                 $ 2,559,278
                                              ===========

Pro-forma results of the Company, assuming the acquisition had been made at the
beginning of each period presented, are:

Amounts in thousands, except per share amounts
                                                       Period Ending
                                               ----------------------------
                                                Aug. 31         Sept. 1,
                                                   2003           2002
                                               ------------    ------------
Revenue                                        $     10,816    $     11,217

Net Loss                                               (924)           (836)

Preferred Stock Dividends                                36              36
                                               -------------   ------------

Net Loss Applicable to Common Stock            $       (960)   $       (872)
                                               -------------   ------------

Basic/Diluted Loss Per Share                   $      (0.21)  $       (0.19)

Common and equivalent shares outstanding:             4,657           4,572


10.  Accounting Pronouncements

In May 2003, the FASB issued SFAS No. 150, ACCOUNTING FOR CERTAIN FINANCIAL
INSTRUMENTS WITH CHARACTERISTICS OF BOTH LIABILITIES AND EQUITY. SFAS No. 150
establishes standards for issuer classification and measurement of certain
financial instruments with characteristics of both liabilities and equity.
Instruments that fall within the scope of SFAS No. 150 must be classified as a
liability. SFAS No. 150 is effective for financial instruments entered into or
modified after May 31, 2003. For financial instruments issued prior to June 1,
2003 SFAS No. 150 is effective for the Company in the second quarter of fiscal
year 2004. Management is assessing the impact that SFAS No. 150 may have on the
Company's financial statements.


                                    Page 11
<PAGE>


SIGNATURES


Pursuant to the requirements of the Securities and Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.



AULT INCORPORATED
(REGISTRANT)



DATED: October 16, 2003                     /s/ Frederick M. Green
       -----------------------------        ------------------------------------
                                            Frederick M. Green, President
                                            Chief Executive Officer and
                                            Chairman




DATED: October 16, 2003                     /s/ Donald L. Henry
       -----------------------------        ------------------------------------
                                            Donald L. Henry
                                            Chief Financial Officer