SECURITIES AND EXCHANGE COMMISSION
                           Washington, DC  20549

                                 FORM 10-K

  (X) 	ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
       ACT OF 1934 (FEE REQUIRED)

      	FOR FISCAL YEAR ENDED MARCH 31, 1997.

  ( )  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES 
       EXCHANGE ACT OF 1934 (NO FEE REQUIRED)
      	For the transition period from ________ to ________.

Commission File No.: 0-23474
                           TRIPLE S PLASTICS, INC.
           (Exact name of registrant as specified in its charter)

                	Michigan                              	38-1895876
     	(State or other jurisdiction of	                (I.R.S. Employer
      	incorporation or organization)	               Identification No.)

     14320 Portage Road, Vicksburg, Michigan             49097-0905
     (Address of principal executive offices)            (Zip Code)

                                (616)649-0545
            (Registrant's telephone number, including area code)

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

       	Title of each Class	         Name of each exchange on which registered
	                 None

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

                        Common stock, no par value
                             (Title of Class)

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.  [X]

As of May 31, 1997, there were 3,738,204 shares of the registrant's common 
stock, no par value, outstanding. The aggregate market value of the common stock
held by non-affiliates of the registrant (i.e., excluding shares held by 
executive officers, directors, and control persons as defined in Rule 405) on 
that date was approximately $11,336,000 computed on the closing price on that 
date.

Portions of the Company's Proxy Statement for its 1997 Annual Meeting of 
Shareholders are incorporated by reference into Part III.

                         Exhibit Index located at page 25.
                                   Page 1 of 29

<PAGE>
                                     PART I

Item 1. Business

(a)	 General Development of Business

     Triple S Plastics, Inc. (the "Company" or "Triple S") was organized as a 
     Michigan corporation in 1969, when injection molding operations began in a
     leased facility in Kalamazoo, Michigan.  The building that currently houses
     the Company's headquarters and principal manufacturing operations in 
     Vicksburg, Michigan, was constructed in 1974.  In 1978, the Company 
     constructed a second injection molding facility (originally known as Victor
     Plastics) and also constructed its Satellite Mold facility, which is 
     dedicated to mold production, both in Vicksburg.  In 1983, the Company 
     supplemented its mold building capacity by acquiring the A-Tech Mold 
     manufacturing plant in Schoolcraft, Michigan.  Also in 1983, the Company 
     built its injection molding plant in Tucson, Arizona.

     The Company completed an initial public offering of its common stock in 
     March of 1994.  Proceeds of that offering were used to finance building 
     expansions, purchase new equipment for those facilities, retire existing
     debt and fund working capital needs.  

     Triple S completed two construction projects in fiscal 1995 for the purpose
     of expanding its injection molding capacity. A new 64,000 square foot
     facility was constructed in a modern industrial park in Battle Creek,
     Michigan.  In addition, the Company completed a 52,000 square foot 
     expansion of its Tucson, Arizona facility. (See Item 2, Properties)  

     In October 1995, the Company began operations in a 64,000 square foot 
     leased injection molding facility in Georgetown, Texas. (See Item 2, 
     Properties)

(b)	 Financial Information About Industry Segments

     The Company's operations are in one industry segment--the manufacture of 
     thermoplastic components, most of which are complex, highly-engineered 
     components primarily for sale to original equipment manufacturers. The 
     Company has no significant export sales.  Therefore, no separate industry 
     segment information is presented.

(c)	 Narrative Description of Business

     General

     Triple S manufactures complex, highly engineered thermoplastic components 
     and the molds to produce those components primarily for the consumer 
     products, information technologies, automotive, medical/pharmaceutical and
     telecommunications markets.  During the most recent fiscal year, the
     Company manufactured over 1,500 different components for more than 170 
     customers in these markets. The Company considers both mold building and 
     molded component manufacturing to be integral parts of its business. The
     Company manufactures only custom components based on customer specifi-
     cations and, therefore, is generally the exclusive source of supply for the
     product being sold to the customer.

     The Company's product development and production operations include design
     assistance, component engineering, mold design, prototype and production 
     mold construction, process engineering and high quality component
     production.  In addition, the Company provides value added post-molding 
     assembly and finishing operations, including ultrasonic welding, heat 
     staking, solvent bonding, decorative services, machining and on-line
     packaging.  Mold delivery lead time and component quality are generally key
     factors in the award of contracts for complex components.  The Company has
     made significant investments in state-of-the-art CAD/CAM systems and 
     related design and machining equipment to accelerate its component mold
     design and construction process. Each injection molding machine is equipped
     with a computerized process controller to continuously monitor component 
     quality and consistency.  The Company believes that its integrated 
     operations, ability for short lead-time mold delivery and product quality
     provide competitive advantages in the markets in which it operates.  
<PAGE>
     Certain developments in markets served by the Company have created growth 
     opportunities for suppliers of plastic components.  Efforts to reduce 
     weight, enhance design flexibility and reduce costs have resulted in the
     substitution of plastic for wood, glass, paper, metal and other materials 
     in numerous applications.  In addition, Original Equipment Manufacturers 
     (OEMs) are continuing to outsource not only the manufacture but also the
     design, engineering and assembly of plastic components to qualified 
     suppliers. OEMs are consolidating their purchases with larger, integrated 
     components suppliers that possess full-service capabilities for all 
     functions from mold design through post-molding assembly and finishing 
     operations. The Company believes that its technical expertise with respect
     to plastic resins and injection molding technology, and its capacity for 
     full service, high-quality response to the needs of customers will enable 
     the Company to continue to grow as a result of these market dynamics.  

Markets and Products

     The Company produces components for customers that operate principally in 
     five markets: consumer products, information technologies, automotive, 
     medical/pharmaceutical and telecommunications.

     CONSUMER PRODUCTS MARKET.  Customers in the consumer products market 
     manufacture products such as lawn and garden equipment, photographic 
     equipment, home entertainment devices and luggage.  Products sold to 
     customers in this market include components for chain saws and string 
     trimmers, camera components, CD player enclosures, and various housings and
     covers. Sales to this market in fiscal 1997, 1996 and 1995 represented 
     approximately 32%, 26% and 29%, respectively. The Company expects the use
     of plastics in this broad market to continue to grow as new thermoplastic 
     resins evolve, with higher strengths, better impact and heat resistance and
     other physical properties that will increase the trend towards the substi-
     tution of plastics for other materials.  Sales to one customer in this 
     market, McCulloch Corporation, accounted for 14%, 10%  and 13% of total 
     sales for fiscal 1997, 1996 and 1995, respectively.

    	INFORMATION TECHNOLOGIES.  Customers in the information technologies market
     are primarily manufacturers of computers, printers, copy machines, laser 
     scanners and bar code readers.  The products supplied by the Company to
     these customers include components for personal computers and peripheral 
     equipment, and laser and bar code scanners. Sales to this market in fiscal
     1997, 1996 and 1995 represented approximately 24%, 36% and 33%,
     respectively. Shortened product life cycles in this market have driven OEMs
     to find and work closely with suppliers who can effectively compress lead 
     times through concurrent engineering and accelerated mold deliveries. The 
     Company has strategically structured its equipment, facilities and staff to
     meet the needs of this market. Sales to one customer in this market, 
     International Business Machines Corporation, accounted for 8%, 16% and 15%
     of total sales for fiscal 1997, 1996 and 1995, respectively.

     AUTOMOTIVE MARKET.  Sales in the automotive market are made mostly to 
     first-tier suppliers to automobile manufacturers. Products sold to
     customers in this market include interior mechanical and seating
     components, headlight adjustment brackets, outside mirror shells and 
     components for electrical and audio systems. Sales to this market in fiscal
     1997, 1996 and 1995 represented approximately 18%, 19% and 21%,
     respectively. Automotive OEMs and first-tier suppliers are relying on fewer
     vendors possessing broader capabilities.  First-tier suppliers have been 
     increasing the outsourcing of the design and manufacture of plastic compo-
     nents and are purchasing more complex subassemblies from a shrinking base 
     of suppliers. While this market becomes increasingly competitive, the 
     Company believes it has the capabilities to compete effectively in this
     market. The Company's Battle Creek, Michigan facility, which was construc-
     ted in fiscal 1995, was strategically located to more effectively serve the
     Company's automotive customers.

    	MEDICAL/PHARMACEUTICAL MARKET.  Customers in the medical/pharmaceutical 
     market are comprised primarily of manufacturers of durable medical 
     equipment for use in non-sterile, non-invasive applications. Products sold
     to customers in this market include components for urological appliances, 
     hospital stretchers and beds and glucose test kits. Sales to this market in
     fiscal 1997, 1996 and 1995 represented 11%, 11% and 10%, respectively. The 
     Company has targeted this market for expansion because customers tend to 
     require product engineering services for high volume components with close 
     tolerances and post-molding assembly and finishing services.  
<PAGE>
     TELECOMMUNICATIONS MARKET. Customers in this market manufacture products 
     such as cellular phones, pagers and related accessories. Sales to this 
     market in fiscal 1997 and 1996 were 11% and 4%, respectively, and was 
     insignificant in fiscal 1995. Customers in this market require high levels
     of CAD assisted design engineering, thin-wall molding, in-mold decorating 
     and assembly. Because of the Company's expertise in these areas and the 
     strong growth demonstrated by OEMs in this market, telecommunications
     provides expanded business opportunities for the Company.

Sales and Marketing
 
     The Company currently markets its services on a national basis through its 
     direct sales force of four people and six independent manufacturers' 
     representative organizations. 

Operations

     The Company designs, engineers and constructs molds used to produce thermo-
     plastic components at two of its facilities.  Each of these facilities is 
     equipped with modern design and machining equipment, including CAD/CAM 
     systems, translators and plotters, electrical discharge machining equip-
     ment, CNC milling equipment and miscellaneous support equipment. The 
     Company's mold production capacity is generally devoted to the production 
     of molds to be used by the Company for the production of injection molded
     components for its customers.  In substantially all cases, the customer 
     owns the mold, but possession is retained by the Company for production. 

     The Company has five facilities that are full service custom injection 
     molding plants with post-molding secondary operations.  These facilities 
     collectively house 94 horizontal injection molding machines with capacities
     ranging from 55 tons to 500 tons and 1 vertical machine with capacity of 
     40 tons. Each machine utilizes a computerized process controller that 
     continuously monitors key process parameters on a real time basis and
     signals the operator if any parameter falls outside predetermined statis-
     tical limits.  The injection molding process is supported by automated
     systems for raw material drying, conveying and regrinding.  Three of the
     Company's plants have received ISO 9002 certification, an international 
     quality standard. The Company is also pursuing certification of its 
     facility in Battle Creek, Michigan.

     Triple S maintains a Tech Center to conduct prototype and development 
     projects, frequently in conjunction with resin suppliers and customers' 
     engineers. Through the many projects undertaken at its Tech Center, the
     Company has gained experience with nearly all resins currently in use for 
     injection molding.  This expertise combined with the Company's injection 
     molding production experience enables the Company to provide innovative 
     solutions for its customers.

    	Value added post-molding secondary services, including ultrasonic inserting
     and welding, heat staking, solvent bonding, finishing, machining, assembly
     and on-line packaging are offered to the Company's customers. These
     important services support the customers' requirements for subassembled 
     components, which provide cost savings and manufacturing efficiencies.  

Raw Materials

     The principal raw materials used by the Company are thermoplastic resins.
     The Company uses over 300 different resins, nearly all of which are 
     classified as engineering grade resins, as compared  to lower priced
     commodity grade resins.  Resins are generally purchased for the production
     of existing orders. The Company purchases its raw materials from several 
     different sources, and these materials are available from several 
     suppliers.

Backlog

     At March 31, 1997, the Company's backlog was approximately $15 million, 
     which is up slightly from the previous year. Backlog generally does not 
     exceed one quarter's manufacturing capacity and the Company's customers
     generally do not issue purchase orders for more than the next quarter's 
     requirements. Management believes that all of the existing backlog will be 
     completed during the current fiscal year.
<PAGE>
Employees

     At March 31, 1997, the Company employed 727 full time and 10 part time 
     employees. The Company has no employees who are represented by a labor 
     union, and considers its relations with its employees to be good. The
     Company also utilizes temporary employees in its plants to produce 
     products.

Competition

      The injection molding business in the Company's markets is highly 
      competitive.  The Company focuses on complex components with close
      tolerances where it competes principally on the basis of technical 
      expertise, customer service, product quality and rapid mold production, 
      although price is also an important competitive factor.  There are many 
      suppliers of plastic injection molded components, including many that are
      larger than the Company with greater financial resources.

Patents and Trademarks

      The Company does not own any patents, registered trademarks or licenses, 
      although the Company claims certain common law trademark rights.  In 
      general, the Company relies on its technological capabilities, manu-
      facturing quality control and know-how, rather than patents, in the 
      conduct of its business.  

Item 2.  Properties

     The following table sets forth information regarding the Company's mold 
making and component production facilities:

       Location                 Size               Function

    Tucson, Arizona		       92,000 sq. ft.	     Injection molding, post-molding
                                                operations and office

    Battle Creek, Michigan		64,000 sq. ft.	     Injection molding, post-molding
                                                operations and office

    Georgetown, Texas		     64,000 sq. ft.      Injection molding, post-molding
                                                operations and office

    Vicksburg, Michigan		   59,000 sq. ft.      Corporate headquarters, injec-
                                                tion molding, post-molding
                                                operations and warehouse

    Vicksburg, Michigan	    40,000 sq. ft. 	    Injection molding, post-molding
                                                operations and office

    Vicksburg, Michigan	    26,000 sq. ft. 	    Mold manufacturing and office

    Schoolcraft, Michigan	  	8,000 sq. ft. 	    Mold manufacturing and office


     The Company owns all of its facilities except for the Georgetown facility 
and the Schoolcraft facility, which are leased. The Schoolcraft facility is
leased from a former shareholder on terms that the Company believes are as
favorable as could have been obtained from an unrelated third party.

Item 3.  Legal Proceedings

     The Company is not a party to any legal proceedings that are material 
within the meaning of Regulation S-K.

<PAGE>
Item 4.  Submission of Matters to a Vote of Security Holders

     No matters were submitted to a vote of security holders during the fourth 
quarter ended March 31, 1997.

Additional Item:  Executive Officers of the Registrant.  

    	The following table lists the names, ages and positions of all of the 
Company's executive officers. Officers are elected annually by the Board of
Directors at the first meeting of the Board following the annual meeting of 
shareholders.

        Name                     Age     Position
     Daniel B. Canavan           43     Chairman of the Board and Chief 
                                        Executive Officer
     Victor V. Valentine, Jr.    51     President
     William J. Stewart          53     Executive Vice President
     Robert D. Monk              46     Vice President, Chief Financial Officer,
                                        Secretary/Treasurer
     Daniel D. Northup           45     Vice President of Engineering
     Michael E. Zaagman          39     Vice President of Operations


     Daniel B. Canavan has been Chairman of the Board and Chief Executive 
Officer of the Company for more than five years.  

     Victor V. Valentine, Jr, has been President of the Company for more than 
five years.

     William J. Stewart has been the Company's Executive Vice President for more
than five years.

     Robert D. Monk joined the Company as Vice President, C.F.O. and 
Secretary/Treasurer on April 1, 1996. For the prior 12 years, Mr. Monk was 
employed by Stryker Corporation, as Vice President - Finance of the Medical 
Division, for the most recent two years, and prior to that as Treasurer and 
Corporate Controller.

     Daniel D. Northup has been the Vice President of Engineering since March 
1993. Previously Mr. Northup held the position of President of the Company's
Satellite Mold operation for more than five years.

     Michael E. Zaagman has been Vice President of Operations since January 
1997. Mr. Zaagman joined Triple S Plastics, Inc. as the Corporate Director of
Materials in March 1995. Previously he held various positions with the Sequest
Closures Division of Aptar Corporation.

<PAGE>
                                 	PART II

Item 5.  Market for Registrant's Common Equity and Related Shareholder Matters

The Company's common stock is traded on the Nasdaq Stock Market under the symbol
TSSS. The price quotations reported below were supplied by the NASD.

    Fiscal       Quarter            High          Low           Close
     1997          4th             9 1/2         6 1/2            7
                   3rd             8 3/4           5            7 3/4
                   2nd             6 1/4         4 1/2          5 3/8
                   1st             7 5/8         5 3/8          5 5/8

     1996          4th             7 1/4         5 1/4          7 1/4
                   3rd            10 1/2         6 1/4          6 1/2
                   2nd            12 3/4           10             10
                   1st            11 1/4         7 1/2         11 1/4


     As of May 31, 1997, there were 279 record holders of the Company's common 
stock. Based on the number of sets of proxy materials mailed by the Company's 
transfer agent, the Company estimates there are 2,200 additional beneficial 
owners of the Company's common stock who hold the stock in street name.  No 
cash dividends have been paid during the past two years.

Item 6.  Selected Financial Data
<TABLE>
                                             Fiscal Years Ended March 31
                                       (in thousands, except per share data)
<S>                            <C>       <C>        <C>        <C>         <C>
                                  1997       1996       1995       1994       1993
Income Statement Data:
  Net sales                    $ 64,608   $ 61,270   $ 54,051   $ 43,472   $ 32,685
  Gross profit                   10,464      9,271     12,245     10,917      7,636
  Operating income                2,447      1,995      5,372      5,663      3,239
  Interest expense, net             358        408         80        619        529
                               --------   --------   --------   --------   --------

  Income before income taxes      2,089      1,587      5,292      5,044      2,710
  Income taxes                      760        549      1,866      1,685        972
                               --------   --------   --------   --------   --------
  Net income                   $  1,329   $  1,038   $  3,426   $  3,359   $  1,738
                               ========   ========   ========   ========   ========
Per Share Data:

  Net income                   $    .36   $    .28   $    .92   $   1.30   $    .67
                               ========   ========   ========   ========   ======== 
Weighted average shares
    outstanding                   3,734      3,727      3,724      2,586      2,601


                                                  March 31 (in thousands)
                                  1997       1996       1995       1994       1993
Balance Sheet Data:

Working capital               $  10,136  $   9,561  $  12,241  $  16,290   $  4,096
Total assets                     48,323     46,150     42,339     38,113     22,834
Long-term debt, less 
    current maturities            7,251      8,747      5,666      6,077      7,764
Shareholders' equity             30,353     28,981     27,902     24,471      7,788
</TABLE>
<PAGE>
Item 7.  Management's Discussion and Analysis of Financial Condition and Results
         of Operations

     The Company is a full-service custom injection molder, providing mold 
design and engineering services, mold manufacturing, injection molding, and 
post-molding assembly and finishing operations to a diverse base of customers.
Its customers are primarily in the consumer products, information technologies, 
automotive, medical/pharmaceutical, and telecommunications markets. The
Company operates in one business segment and backlog generally does not exceed 
one quarter's manufacturing capacity. The Company's fiscal year is March 31 and,
unless otherwise noted, references to fiscal 1997, 1996, and 1995 relate to the 
fiscal years ended March 31, 1997, 1996, and 1995.

RESULTS OF OPERATIONS

     The table below outlines the components of the Company's Statements of 
Income as a percentage of net sales:

    Fiscal Year ended March 31                 1997         1996        1995
     Net sales                                100.0%       100.0%      100.0%
     Cost of sales                             83.8         84.9        77.3
     Gross profit                              16.2         15.1        22.7
     S,G&A expenses                            12.4         11.8        12.7
     Operating income                           3.8          3.3        10.0
     Interest expense, net                       .6           .7          .2
     Income before income taxes                 3.2          2.6         9.8
     Income taxes                               1.1           .9         3.5
     Net income                                 2.1%         1.7%        6.3%


FISCAL 1997 COMPARED TO FISCAL 1996

     Triple S Plastics' net sales increased 5% in fiscal 1997 to $64.6 million 
from $61.3 million in 1996. The increase in sales is primarily attributable to
increased sales to established customers and sales to new customers, rather than
price increases on existing products. Approximately 70% of the Company's sales 
in 1997 were to 10 customers, including at least one customer in each of the 
business markets served by the Company. The Company's sales increased to all the
markets the Company serves except information technologies, which decreased 30%,
but still represents 24% of total sales. This decrease represents the completion
of several customer projects during 1997 which were not replaced with new 
projects. Sales to the consumer products market grew 30% in fiscal 1997 and 
represented 32% of sales compared to 26% in 1996. Sales to the telecommuni-
cations market showed strong growth of 152%, increasing to 11% of sales in 1997 
compared to 4% in 1996. Sales in the medical and automotive markets 
also remained strong, increasing 13% and 4%, respectively. 
     Cost of sales 4% over the prior year but decreased to 83.8% of sales 
compared to 84.9% in 1996. The lower cost of sales percentage in 1997 princi-
pally resulted from a reduced material cost of sales ratio (due to the sales 
mix) and from some realized manufacturing efficiencies and cost reductions 
compared to the prior year. This decrease occurred despite a 14% across the 
board production associate wage increase in the third quarter and an increase in
depreciation expense of $384,000 resulting from increased capital expenditures. 
    	Selling, general and administrative expenses increased $741,000 or 10%, to 
$8.0 million in 1997. As a percentage of net sales, these expenses increased 
slightly to 12.4% in 1997 compared to 11.8% in 1996. The increase was princi-
pally due to increased depreciation, salaries and professional services as the 
Company completed the comprehensive upgrade of its information systems in the 
third quarter.
    	Net interest expense decreased slightly to $358,000 or .6% of net sales in 
1997, compared to $408,000 or .7% in 1996. The decrease is due to the Company 
not borrowing on its available line of credit during 1997 as well as a general 
reduction of long-term debt.
    	The effective income tax rate increased to 36.4% in fiscal 1997 compared to
34.6% in 1996. The increase is due to variances in non-deductible expenses for 
income tax purposes. Net earnings increased 28% to $1.3 million in 1997 compared
to $1.0 million in 1996.
<PAGE>
FISCAL 1996 COMPARED TO FISCAL 1995

    	Net sales increased 13% in fiscal 1996 to $61.3 million from $54.1 million 
in 1995. The increase in sales was primarily attributable to additional sales to
established customers as well as sales to a few relatively new customers, rather
than price increases on existing products. Nearly 65% of the Company's sales in
1996 were to 10 customers, including at least one customer in each of the
business markets served by the Company. The Company's sales increased to all the
markets the Company serves except automotive, which decreased 2%. Sales to the 
information technologies market grew 22% in fiscal 1996 and represented 36% of 
sales compared to 33% in 1995. The overall sales increase in 1996 was also led 
by telecommunications and medical market products.
    	Cost of sales increased 24% in fiscal 1996 and represented 84.9% of sales 
compared to 77.3% in 1995. The higher cost of sales percentage in 1996 was due 
to the increased cost of engineering grade resins, as well as increased 
depreciation and labor costs related to the Company's expansion efforts. During 
the year, the industry experienced further significant price increases in 
engineered resins, which comprise approximately 80% of the resin used by the 
Company. In addition, the Company continues to consolidate resin purchases where
appropriate and to pursue contract pricing to mitigate increases in the cost of 
resin.
    	The Company increased its production capacity in fiscal 1996 in response to
increased demand projected by the Company's customers. This included adding a
new facility (which is leased) in Georgetown, Texas and adding 18 new molding 
machines throughout the Company. As a result of increased capital expenditures, 
depreciation expense in 1996 was $648,000 higher than the previous year.
    	Selling, general and administrative expenses increased 6% in fiscal 1996 
which was well below the rate of increase in sales. As a percentage of net 
sales, these expenses decreased to 11.8% from 12.7%. 
    	Net interest expense increased significantly in fiscal 1996 compared to the
prior year due to an increase in the amount of outstanding long-term debt, as 
the Company issued a $5 million industrial revenue bond to finance the equipment
expansion in its Texas plant. In addition, in fiscal 1995 the Company had 
capitalized interest expense of $186,000 relating to an expansion of its Tucson,
Arizona facility, which reduced interest expense in that year.
    	The effective income tax rate decreased slightly to 34.6% in fiscal 1996 
compared to 35.3% in 1995. Net income in fiscal 1996 was $1.0 million compared 
to $3.4 million in 1995, a decrease of 70%.

LIQUIDITY AND CAPITAL RESOURCES

	    The Company's primary cash requirements are for operating expenses and 
capital expenditures. Historically, the Company's prime sources of cash have 
been from operations, bank borrowings, and industrial revenue bonds.
    	Triple S Plastics' financial position remained strong in 1997 with 
operating activities providing $5.4 million in cash. The Company had working 
capital at the end of the year of $10.1 million. Accounts receivable increased
16% yet days sales outstanding at the end of fiscal 1997 decreased to 54 days 
compared to 57 days at the end of the prior year. Inventories remained flat,
increasing only 2% at the end of 1997 while days in inventory increased modestly
to 31 days compared to 27 days at the end of the previous year. Accounts payable
increased by 109% at the end of fiscal 1997 compared to the prior year end. This
increase relates to a higher level of general purchasing activity which had not 
yet been paid at the end of 1997 compared to the prior year.
    	The Company has made a significant investment in capital equipment in the 
last two years. Capital expenditures were $2.6 million and $5.4 million for 
fiscal 1997 and 1996, respectively.
    	The Company has $3.8 million available from the $5.0 million industrial 
revenue bond issued in October of 1995 to finance the expansion of the 
Georgetown, Texas plant. The Company also has a $5.0 million unsecured line of
credit agreement with a bank, which has not been drawn on during 1997. These 
sources of cash, along with internally generated cash, are expected to be 
sufficient to fund planned future operating and capital requirements.
<PAGE>
Item 8.  Financial Statements and Supplementary Data

     The following financial statements are filed with this report as pages F-1 
through F-11 following the signature page:

         	Report of Independent Certified Public Accountants
         	Balance Sheets 
         	Statements of Income
         	Statements of Shareholders' Equity
         	Statements of Cash Flows
        		Notes to Financial Statements


                                      PART III

Item 9.  Changes In and Disagreements with Accountants on Accounting and 
         Financial Disclosure

         None

Item 10.  Directors and Executive Officers of the Registrant

     Information relating to executive officers is included in this report in 
the last section of Part I under the caption "Executive Officers of the Regis-
trant". Information relating to directors appearing under the caption "Election
of Directors" in the definitive Proxy Statement for the 1997 Annual Meeting of 
Shareholders to be held July 23, 1997, and to be filed with the Commission is 
hereby incorporated herein by reference.  Information concerning compliance with
Section 16(a) of the Securities Exchange Act of 1934 appearing under the caption
"Section 16(a) Beneficial Ownership Reporting Compliance" in the definitive 
Proxy Statement for the 1997 Annual Meeting of Shareholders and filed with the 
Commission is hereby incorporated herein by reference.

Item 11.  Executive Compensation

     The information contained under the caption "Executive Compensation" 
contained in the definitive Proxy Statement for the 1997 Annual Meeting of
Shareholders is hereby incorporated herein by reference excluding the
information under the caption "Compensation Committee Report" and "Stock 
Performance Graph". 

Item 12.  Security Ownership of Certain Beneficial Owners and Management

     The information contained under the caption "Securities Ownership of 
Management" contained in the definitive Proxy Statement for the 1997 Annual 
Meeting of Shareholders is hereby incorporated herein by reference.

Item 13.  Certain Relationships and Related Transactions

     Information relating to certain relationships and related party 
transactions is incorporated by reference to the Company's definitive Proxy
Statement for the 1997 Annual Meeting of Shareholders under the caption 
"Election of Directors".
<PAGE>
                                     PART IV

Item 14.  Exhibits, Financial Statements, Schedules and Reports on Form 8-K

   (a)	 The following financial statements are filed as part of this report as 
        pages F-1 through F-11 following the signature page:

                 Report of Independent Certified Public Accountants
                 Balance Sheets
                 Statements of Income
                 Statements of Shareholders' Equity
                 Statements of Cash Flows
                 Notes to Financial Statements

   (b) 	No reports on Form 8-K were filed for the three-month period ended 
        March 31, 1997.

   (c)	 See Exhibit Index located on pages 32 and 33.

   (d) 	The following financial statement schedule is filed as part of this 
        report as page F-13 following the signature page:

        Schedule II - Valuation and Qualifying Accounts

     All other schedules required by Form 10-K Annual Report have been omitted 
because they were not applicable, were included in the notes to the financial 
statements, or were otherwise not required under the instructions contained in 
Regulation S-X.

<PAGE>
                                      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.

Dated:  May 31, 1997				            TRIPLE S PLASTICS, INC.

                                   	By	_DANIEL B. CANAVAN_________________
                                  		   Daniel B. Canavan, Chairman of the Board 
                                       and	Chief Executive Officer

                                    	and

                                   	By	_ROBERT D. MONK____________________
                                     		Robert D. Monk, Vice President, C.F.O.,
                                     		and Secretary/Treasurer
                                     		(Principal Financial Officer)

    	Pursuant to the requirements of the Securities and Exchange Act of 1934, 
this report has been signed below on this 31st day of May, 1997, by the 
following persons on behalf of the Registrant and in the capacities indicated.

    	Each Director of the Registrant whose signature appears below, hereby 
appoints Daniel B. Canavan and Robert D. Monk, and each of them individually as 
his attorney-in-fact to sign in his name and on his behalf as a Director of the 
Registrant, and to file with the Commission any and all Amendments to this 
report on Form 10-K to the same extent and with the same effect as if done 
personally.


_VICTOR V. VALENTINE_____________	 	_WILLIAM J. STEWART__________________
Victor V. Valentine, Director		     William J. Stewart, Director


_DANIEL D. NORTHUP_______________		 _ALBERT C. SCHAUER___________________
Daniel D. Northup, Director		       Albert C. Schauer, Director


_DAVID L. STEWART_________________  _JAMES F. HETTINGER__________________
David L. Stewart, Director		        James F. Hettinger, Director


_ROBERT D. BEDILION_______________		_CATHERINE A. TAYLOR_________________
Robert D. Bedilion, Director	      	Catherine A. Taylor, Corporate Controller
                                 			(Principal Accounting Officer)

<PAGE>
                            INDEX TO FINANCIAL STATEMENTS

                                                                        	Page

Balance Sheets as of March 31, 1997 and 1996	                             F2

Statements of Income for the years ended March 31, 1997, 1996 and 1995	   F3

Statements of Shareholders' Equity for the years ended March 31, 1997,
              1996 and 1995	                                              F4

Statements of Cash Flows for the years ended March 31, 1997,  
              1996 and 1995	                                              F5

Notes to Financial Statements	                                            F6

Report of Independent Certified Public Accountants	                       F10

                                        F1
<PAGE>
                               TRIPLE S PLASTICS, INC.
                                   BALANCE SHEETS
                               (Dollars in thousands)

MARCH 31                                                  1997            1996

ASSETS
Current Assets:
  Cash and cash equivalents                          $    2,681      $    1,382
  Accounts receivable, less allowance of 
    $255 and $250 for possible losses (Note 4)           11,147           9,637 
  Refundable income taxes                                 ----              329
  Inventories (Notes 2 and 4)                             4,833           4,718 
  Deferred mold costs                                        55              82 
  Other                                                     274             160 
                                                      ---------       ---------
Total Current Assets                                     18,990          16,308 
                                                      ---------       ---------
Property, Plant and Equipment (Notes 4 and 5):
  Machinery and equipment                                20,967          19,331 
  Land and buildings                                     11,036          10,976 
  Office furniture and equipment                          3,198           2,589 
  Leasehold improvements                                    102             102 
                                                      ---------       ---------
                                                         35,303          32,998 
  Less accumulated depreciation and amortization         10,716           8,070 
                                                      ---------       ---------
Net Property, Plant and Equipment                        24,587          24,928 

Other:
  Cash restricted for capital expenditures (Note 4)       3,787           3,827 
  Goodwill, net of accumulated amortization 
     of $431 and $393                                       717             755 
  Miscellaneous                                             242             332 
                                                      ---------       ---------
Total Other Assets                                        4,746           4,914 
                                                      ---------       ---------
                                                      $  48,323       $  46,150 
                                                      =========       =========
LIABILITIES AND SHAREHOLDERS' EQUITY
Current Liabilities:
  Note payable to bank (Note 3)                       $   ---         $     998 
  Accounts payable                                        4,540           2,170 
  Accruals:
    Compensation                                          1,096             997 
    Income taxes                                            158            --- 
    Other                                                   489             635 
  Deferred mold revenue                                     622             866 
  Current maturities of long-term debt (Note 4)           1,949           1,081 
                                                      ---------       ---------
Total Current Liabilities                                 8,854           6,747 

Long-Term Debt, less current maturities (Note 4)          7,251           8,747 

Deferred Income Taxes (Note 6)                            1,865           1,675 
                                                      ---------       ---------
Total Liabilities                                        17,970          17,169 
                                                      ---------       ---------
Shareholders' Equity (Notes 4 and 9):
  Preferred stock, no par value, 1,000,000 
    shares authorized, none issued                        ---              --- 
  Common stock, no par value, 10,200,000 
    shares authorized, 3,736,941 and 3,728,831 
    shares issued and outstanding                        14,413          14,370 
  Retained earnings                                      15,940          14,611 
                                                      ---------       ---------
Total Shareholders' Equity                               30,353          28,981 
                                                      ---------       ---------
                                                       $ 48,323        $ 46,150 
                                                      =========       =========
See accompanying notes to financial statements.
                                     F2
<PAGE>
                              TRIPLE S PLASTICS, INC.
                               STATEMENTS OF INCOME
                    (In thousands, except per share amounts)

                                            Years ended March 31
                                        1997        1996        1995
Net Sales                           $  64,608   $  61,270   $  54,051 

Cost of Sales                          54,144      51,999      41,806 
                                     --------    --------    --------
Gross Profit                           10,464       9,271      12,245 

Total Selling, General & 
   Administrative Expenses              8,017       7,276       6,873 
                                     --------    --------    --------
Operating Income                        2,447       1,995       5,372 

Interest Income (Expense):
  Interest expense                       (594)       (607)       (233)
  Interest income                         236         199         153 
                                     --------    --------    --------
Net Interest Expense                     (358)       (408)        (80)
                                     --------    --------    --------
Income Before Income Taxes              2,089       1,587       5,292 

Income Taxes (Note 6)                     760         549       1,866 
                                     --------    --------    --------
Net Income                          $   1,329   $   1,038   $   3,426 
                                     ========    ========    ========
Earnings Per Share                  $     .36   $     .28   $     .92 
                                     ========    ========    ========
Weighted Average Number of 
  Common Shares Outstanding             3,734       3,727       3,724 

See accompanying notes to financial statements.
                                       F3
<PAGE>
<TABLE>
                              TRIPLE S PLASTICS, INC.
                        STATEMENTS OF SHAREHOLDERS' EQUITY
                             (Dollars in thousands)
<S>                                     <C>             <C>           <C>
                                                                             Total
                                            Common        Retained    Shareholders'
YEAR ENDED MARCH 31                          Stock        Earnings          Equity       

Balance, March 31, 1994                  $  14,324       $  10,147       $  24,471 
Issuance of 587 shares of Common Stock           5            ---                5 
Net income for the year                       ---            3,426           3,426 
                                         ---------       ---------       ---------

Balance, March 31, 1995                     14,329          13,573          27,902 
Issuance of 4,702 shares of Common Stock        41            ---               41 
Net income for the year                       ---            1,038           1,038 
                                         ---------       ---------       ---------

Balance, March 31, 1996                     14,370          14,611          28,981 
Issuance of 8,102 shares of Common Stock        43            ---               43 
Net income for the year                       ---            1,329           1,329 
                                         ---------       ---------       ---------

Balance, March 31, 1997                 $   14,413      $   15,940      $   30,353 

See accompanying notes to financial statements.
</TABLE>
                                     F4
<PAGE>
<TABLE>                      TRIPLE S PLASTICS, INC.
                             STATEMENTS OF CASH FLOW
                             (Dollars in thousands)
<S>                                     <C>       <C>          <C>
                                                Years ended March 31
                                             1997       1996        1995
Operating Activities
  Net income                             $   1,329  $   1,038   $   3,426 
  Adjustments to reconcile net income 
    to cash provided by operating
    activities:
     Depreciation                            2,934      2,492       1,844 
     Amortization                               75         72          79 
     Deferred income taxes                     190       (175)        200 
     Loss on sale of equipment                  54         47           2 
     Changes in assets and liabilities:
       Receivables:
           Trade                            (1,510)     1,237      (2,387)
           Refundable income taxes             329       (329)        --- 
       Inventories                            (115)      (601)     (1,098)
       Deferred mold costs                      27         57          22 
       Other current assets                   (114)       (75)         96 
       Accounts payable and accruals         2,323     (2,094)        594 
       Income taxes payable                    158       (172)       (197)
       Deferred mold revenue                  (244)      (126)        221 
                                           -------    -------     -------
Cash Provided by Operating Activities        5,436      1,371       2,802 

Investing Activities
  Purchases of property, plant and 
    equipment, net of disposals             (2,229)    (5,352)     (8,860)
  Other investing activities (other assets)     53        (97)         26 
  Change in restricted cash                     40     (3,827)        --- 
                                           -------    -------     -------
Cash Used in Investing Activities           (2,136)    (9,276)     (8,834)

Financing Activities
  Net borrowings (payments) on note 
    payable to bank                           (998)       998         --- 
  Proceeds from issuance of common stock,
    net of fees paid                            43         41           5 
  Proceeds from issuance of long-term debt     ---      5,000         --- 
  Principal payments on long-term debt      (1,046)      (699)       (385)
                                           -------    -------     -------
Cash Provided by (Used in) 
      Financing Activities                  (2,001)     5,340        (380)
Increase (Decrease) in Cash and            -------    -------     -------
      Cash Equivalents                       1,299     (2,565)     (6,412)
Cash and Cash Equivalents, beginning
      of year                                1,382      3,947      10,359 
                                           -------    -------     -------
Cash and Cash Equivalents, end of year   $   2,681  $   1,382   $   3,947 
                                           =======    =======     =======
See accompanying notes to financial statements.  
</TABLE>
                                     F5
<PAGE>
                              TRIPLE S PLASTICS, INC.
                          NOTES TO FINANCIAL STATEMENTS

1.   Summary of Significant Accounting Policies

Business 
    	The Company operates in a single business segment and is a fully integrated
manufacturer of complex, highly engineered thermoplastic components for custo-
mers primarily in the consumer products, information technologies, automotive,
medical/pharmaceutical and telecommunications markets.
    	During the years ended March 31, 1997, 1996 and 1995, a consumer products 
customer accounted for 14%, 10% and 13% of net sales, respectively, and an 
information technologies customer accounted for 8%, 16% and 15% of net sales, 
respectively.

Acquisitions and Goodwill
    	The financial statements include the net assets of businesses purchased at
their fair value at the acquisition date. The excess of acquisition costs over 
the fair value of net assets acquired is included in and has been allocated to
goodwill. Goodwill is amortized on a straight-line basis over a thirty year 
life.

Inventories
    	Inventories are valued at the lower of cost or market. Cost is determined 
by the first-in, first-out (FIFO) method.

Property, Plant and Equipment
    	Property, plant and equipment are stated at cost. Expenditures for renewals
and betterments are capitalized and maintenance and repairs are expensed as 
incurred. Depreciation and amortization are computed by the straight-line method
over the estimated useful lives of the assets as follows:

             	Buildings                                  	40 years
             	Machinery and equipment	               5 to 10 years
             	Office furniture and equipment	        3 to 10 years
             	Leasehold improvements                     	10 years

Income Taxes
    	The Company follows the liability method of accounting for income taxes and
provides deferred income taxes based on enacted income tax rates in effect on 
the dates temporary differences between the financial reporting and tax bases of
assets and liabilities are expected to reverse. The effect on deferred tax 
assets and liabilities of a change in income tax rates is recognized in the 
period that includes the enactment date.

Fair Value of Financial Instruments
    	The carrying amounts of the Company's financial instruments, which consist
of cash, receivables, notes payable, accounts payable and long-term debt, 
approximate their fair values. For long-term debt, the present value of future
cash flows, discounted at the Company's current effective borrowing rate, was 
used to estimate fair value.

Estimates
    	The preparation of financial statements in conformity with generally 
accepted accounting principles requires management to make estimates and 
assumptions that affect the reported amounts of assets and liabilities at the
date of the financial statements. Actual results could differ from those 
estimates.

Revenue Recognition
    	Revenue is recognized on plastic molded products when the products are 
shipped to customers. Revenue on molds is recognized when the mold is completed
and samples of molded parts produced by the tool are shipped to customers. Prior
to that time, mold revenue and direct mold costs are deferred. Losses are 
recognized when reasonable estimates of the amount of loss can be made. The 
Company regularly reviews the credit collection and product return history and 
status of its customers and provides for potential losses.
                                     F6
<PAGE>
Cash and Cash Equivalents
    	Cash and cash equivalents consist of cash on hand and held in banks, money
market funds, commercial paper and other short-term investments with an original
maturity of three months or less when purchased.

Earnings per Share
    	Earnings per share is based on the weighted average number of shares of 
common stock and common stock equivalents outstanding during each period. 
Earnings per share is computed using the treasury stock method.
    	During February 1997, Statement of Financial Accounting Standards No. 128,
"Earnings Per Share" was issued by the Financial Accounting Standards Board. 
Disclosure requirements are effective for financial statements for fiscal years
ending after December 15, 1997. The new standard establishes standards for 
computing and presenting earnings per share. The Company does not expect
adoption of the standard to have a material effect on the earnings per share
amounts as currently disclosed in the accompanying financial statements.

2.   Inventories

    	Inventories are summarized as follows (in thousands):

                                                   March 31
                                            1997              1996
     Raw materials and packaging          $ 2,084           $ 2,153
     Finished goods and work-in-process     2,749             2,565
                                          -------           -------
     Total Inventories                    $ 4,833           $ 4,718

3.   Note Payable to Bank

    	The Company has entered into a $5 million unsecured line-of-credit agree-
ment with a bank, due on demand, with interest on the unpaid principal balance 
at the bank's prime rate (8.50% at March 31, 1997). There were no borrowings 
under this agreement at March 31, 1997. At March 31, 1996, the amount out-
standing was $998,000.

4.  Long-Term Debt

   	Long-term debt consists of (in thousands):
                                                           March 31
                                                     1997            1996
Georgetown Industrial Development 
   Corporation Revenue Bond                       $  4,216       $   4,712
Michigan Strategic Fund Limited Obligation 
   Revenue Bonds (1989 and 1990 series)              2,820           3,190
Mortgage notes payable to bank                       1,692           1,743
Other                                                  472             183
                                                  --------       ---------
Long-term debt                                       9,200           9,828
Current maturities of long-term debt                 1,949           1,081
                                                  --------       ---------
Long-term debt, less current maturities           $  7,251       $   8,747
                                                  ========       =========

    	The Georgetown Industrial Development Corporation Revenue Bond provides for
monthly principal payments ranging from $48,000 to $80,000 plus interest through
November 2002. Interest is fixed at 6.56% through September 2000, and then 
becomes variable at 77% of the bank's base lending rate. Cash restricted for 
capital expenditures represents the remaining proceeds from this bond issue.
    	The Michigan Strategic Fund Limited Obligation Revenue bonds (1989 and 1990
series) provide for semi-annual interest payments with rates that vary from 6.9%
to 7.65% and annual principal payments through September 
                                    F7
<PAGE>
2001. The bonds are collateralized by a letter of credit with the bank which 
requires annual interest payments of .875% of the outstanding bond balance.
    	The mortgage notes payable to the bank, maturing $15,454 monthly, include 
interest at rates ranging from 7.07% to 8.61%, and are due at varying dates
through October 2012.
    	The above debt is secured by accounts receivable, inventories and property 
and equipment. In connection with the overall bank financing agreement, the 
Company must comply with certain financial and non-financial restrictive
covenants. The restrictive covenants include limitations on the amount of 
required working capital, the ratio of debt to tangible net worth and the
minimum amount of tangible net worth. At March 31, 1997 and 1996, retained 
earnings of $6 million was restricted by terms of the long-term debt described 
above. At March 31, 1997, the Company was in compliance with all restrictive 
covenants.
    	Maturities of long-term debt for the four fiscal years succeeding 1998 are:
1999 - $1,297,000; 2000 - $1,270,000; 2001 - $1,323,000; and 2002 - $1,980,000.

5.   Leases and Commitments

    	The Company leases transportation equipment and manufacturing facilities 
under operating leases expiring at various dates through 1999. Management
expects that in the normal course of business, leases will be renewed or 
replaced by other leases. Minimum lease payments required under operating leases
are as follows: 1998 - $331,000; and 1999 - $106,000.
    	Obligations under capital leases include $313,000 for computer equipment 
with an original cost of $432,000 and a net book value at March 31, 1997 of 
$336,000.
    	Total lease expense for facilities and equipment amounted to $315,000 in 
1997; $232,000 in 1996; and $47,000 in 1995.
	
6.   Income Taxes

    	Provisions for income taxes consist of the following (in thousands):

                                                Year Ended March 31
                                         1997          1996           1995
     Current:
       Federal                        $    525      $    680       $  1,567
       State and local                      45            44             99
                                       -------       -------        -------
                                           570           724          1,666
       Deferred                            190          (175)           200
                                       -------       -------        -------
      Total income taxes              $    760      $    549       $  1,866


    	The provision for the deferred income tax liability at March 31, 1997 and 
1996 are principally related to temporary differences in accumulated 
depreciation.
    	A reconciliation of the statutory federal income tax rate to the Company's 
effective income tax rate is as follows:


                                                Year Ended March 31
                                          1997         1996         1995
    Statutory federal income tax rate     34.0%        34.0%        34.0%
    State and local income taxes, net 
      of federal income tax effect         1.4          1.8          1.9
    Other                                  1.0         (1.2)         (.6)
                                          ----         ----         ----
    Effective income tax rate             36.4%        34.6%        35.3%

7.   Employee Benefit Plan

    	The Company maintains a defined contribution plan covering substantially 
all employees. Under the Plan, employees' contributions are made on a tax 
deferred basis and are partially matched by the Company. Total expense under
the Plan was $140,000, $114,000 and $87,000 for 1997, 1996 and 1995, 
respectively.
                                      F-8
<PAGE>
8.   Supplemental Disclosures of Cash Flow Information

                                              Year Ended March 31
                                        1997         1996          1995
    Operating Activities:
    Interest paid, net of amount 
      capitalized                    $    599      $   610       $   423
    Interest received                     236          199           153
    Income taxes paid                     310        1,225         1,818
    Income tax refund received            229          --            --

    Non-cash Investing and 
        Financing Activities:
    Capital expenditures financed
        by capital lease obligation       418          --            --
    Capital expenditures included 
        in accounts payable                --          --            362

9.   Capital Stock

    	The Company maintains a stock option plan for key employees and has 
reserved 450,000 shares of Common Stock for such plan. The options must be
exercised within ten years from the date of grant and the exercise price must
equal the fair market value of the Company's stock at the date of the grant. The
options may not be exercised prior to six months from date of grant. 
    	In July 1996, the Company established an Outside Director Stock Option Plan
and has reserved 150,000 shares of Common Stock for such plan. The options must
be exercised within ten years from the date of grant and the exercise price must
equal the fair market value of the Company's stock at the date of the grant. The
options become exercisable six months after the grant date.
    	Net earnings and net earnings per share would not be materially different 
if the Company accounted for its employee stock options under the fair value 
method as provided for under FASB Statement No. 123, "Accounting for Stock-Based
Compensation."
    	A summary of stock option activity is as follows:

                                                             Option Price
                                             Shares            Per share
Options outstanding at March 31, 1994        60,000              $12.50
Granted                                       2,000              $12.00
Canceled                                     (5,000)             $12.50
                                             ------
Options outstanding at March 31, 1995        57,000         $12.00 - $12.50
Canceled                                     (7,000)             $12.50
                                             ------
Options outstanding at March 31, 1996        50,000         $12.00 - $12.50
Granted                                      66,200          $5.00 -  $6.75
Canceled                                    (20,000)         $6.13 - $12.50
                                             ------
Options outstanding at March 31, 1997        96,200          $5.00 - $12.50
                                             ======

    	In August 1994, the Company established an Employee Stock Purchase Plan and
reserved 100,000 shares of Common Stock for such plan. Under the plan, any 
eligible employee may purchase stock at a price equal to 85% of the fair market
value as of the last day of the option period.
                                        F-9
<PAGE>
                   REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS




The Board of Directors and Shareholders
Triple S Plastics, Inc.
Vicksburg, Michigan


    	We have audited the accompanying balance sheets of Triple S Plastics, Inc. 
as of March 31, 1997 and 1996 and the related statements of income, 
shareholders' equity and cash flow for each of the three years in the period 
ended March 31, 1997. 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 financial position of Triple S Plastics, Inc. at
March 31, 1997 and 1996, and the results of its operations and its cash flows
for each of the three years in the period ended March 31, 1997 in conformity 
with generally accepted accounting principles.






BDO Seidman, LLP
Kalamazoo, Michigan
April 28, 1997

                                       F-10

<PAGE>
               REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS ON FINANCIAL
                                   STATEMENT SCHEDULES



The Board of Directors
Triple S Plastics, Inc.
Vicksburg, Michigan



    	The audits referred to in our report to the Board of Directors of Triple S 
Plastics, Inc. dated April 28, 1997 relating to the financial statements of
Triple S Plastics, Inc. included the audit of the schedule listed under Item 14 
of Form 10-K for each of the three years in the period ended March 31, 1997. 
This financial statement schedule is the responsibility of the Company's 
management. Our responsibility is to express an opinion on this financial 
statement schedule based upon our audits.

    	In our opinion such financial statement schedule presents fairly, in all 
material respects, the information set forth therein.




BDO Seidman, LLP
Kalamazoo, Michigan
April 28, 1997


                                       F-11
<PAGE>
<TABLE>
                                TRIPLE S PLASTICS, INC.

                   SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS

<S>                           <C>              <C>          <C>         <C>       <C>
                                               Additions
                               Balance at      charged to    Charged               Balance
                               beginning        costs and    against     Other    at end of
Description                    of period        expenses     reserves   changes     period
-----------                    ----------      ----------    --------   -------   ---------
Reserves and allowances 
  deducted from asset
  accounts:

Allowance for uncollectible
  accounts receivable:

  Year ended March 31, 1997     $250,000         $ 30,000    $ 25,000      ---     $255,000

 	Year ended March 31, 1996     $160,000         $188,000    $ 98,000      ---     $250,000

 	Year ended march 31, 1995     $112,000         $ 48,000        ---       ---     $160,000



</TABLE>
                                          F-12
<PAGE>


                                       EXHIBIT INDEX

Exhibit No.     Description                                                 Page

3(a)            Registrant's Second Amended and Restated Articles of 
                Incorporation were filed as Exhibit 3(a) to a Registra-
                tion Statement on Form S-1 (No. 33-74866) and the same 
                is incorporated herein by reference.

3(b)            Registrant's Bylaws were filed as Exhibit 3(b) to a 
                Registration Statement on Form S-1 (No. 33-74866) and the 
                same is incorporated herein by reference.

4               A specimen Form of Stock Certificate was filed as 
                Exhibit 4 to a Registration Statement on Form S-1 
                (No. 33-74866) and the same is incorporated herein by 
                reference.

10(a)(1)        A Business Loan Agreement between Registrant and First 
                of America Bank - Michigan, N.A. dated November 1, 1992,
                and as amended December 21, 1993, with respect to
                Registrant's Line of Credit, Secured Term Loan Avail-
                ability, Secured End Mortgage, Real Estate Mortgage 
                for Subsidiary, and Secured Term Loan to subsidiary 
                were filed as Exhibit 10(a)(1) to a Registration 
                Statement on Form S-1 (No. 33-74866) and the same is 
                incorporated herein by reference.

10(a)(2)        A Loan Agreement between Registrant and Michigan 
                Strategic Fund dated May 1, 1989 was filed as 
                Exhibit 10(a)(2) to a Registration Statement on 
                Form S-1 (No. 33-74866) and the same is incorporated 
                herein by reference.

10(a)(3)        A Loan Agreement between Registrant and Michigan 
                Strategic Fund dated September 1, 1990 was filed as 
                Exhibit 10(a)(3) to a Registration Statement on 
                Form S-1 (No. 33-74866) and the same is incorporated 
                herein by reference.

10(a)(4)        A Bond Purchase Agreement among Registrant, Michigan 
                Strategic Fund and Roney & Company, dated September 24,
                1990 was filed as Exhibit 10(a)(4) to a Registration 
                Statement on Form S-1 (No. 33-74866) and the same is 
                incorporated herein by reference.

10(a)(5)        A Reimbursement Agreement between Registrant and First
                of America Bank - Michigan, N.A. dated November 1, 1992 
                backing the 1989 Michigan Strategic Fund Limited Obligation
                Revenue Bonds was filed as Exhibit 10(a)(5) to a 
                Registration Statement on Form S-1 (No. 33-74866) and 
                the same is incorporated herein by reference.

10(a)(6)        A Reimbursement Agreement between Registrant and First
                of American Bank - Michigan, N.A. dated November 1, 1992
                backing the 1990 Michigan Strategic Fund Limited
                Obligation Revenue Bonds was filed as Exhibit 10(a)(6)
                to a Registration Statement on Form S-1 (No. 33-74866) 
                and the same is incorporated herein by reference.

10(b)           A Loan Guarantee Agreement and related Security 
                Agreement between Subsidiary and First of America 
                Bank - Michigan, N.A. dated November 1, 1992 was filed 
                as Exhibit 10(b) to a Registration Statement on Form S-1
                (No. 33-74866) and the same is incorporated herein by 
                reference.

10(c)           A Lease between Registrant and Gemini Development 
                Company regarding Registrant's Schoolcraft, Michigan,
                facility for the A-Tech Molds Division was filed as 
                Exhibit 10(c) to a Registration Statement on Form S-1
                (No. 33-74866) and the same is incorporated herein by 
                reference.
<PAGE>
*10(d)(1)       The Triple S Plastics, Inc. Employee Stock Option 
                Plan was filed as Exhibit 10(d)(1) to a Registration 
                Statement on Form S-1 (No. 33-74866) and the same 
                is incorporated herein by reference.

*10(d)(2)       A Form of Nonqualified Stock Option Agreement was 
                filed as Exhibit 10(d)(2) to a Registration Statement
                on Form S-1 (No. 33-74866) and the same is incorporated 
                herein by reference.

*10(d)(3)       A Form of Qualified Stock Option Agreement was filed 
                as Exhibit 10(d)(3) to a Registration Statement on 
                Form S-1 (No. 33-74866) and the same is incorporated 
                herein by reference.

*10(d)(4)       An Outside Directors Stock Option Plan dated
                July 25, 1996 was filed as Exhibit 99 to a 
                Registration Statement on Form S-8 (No. 333-20365)
                and the same is incorporated herein by reference.

10(e)           A Form of Indemnity Agreement between Registrant and
                each of its directors was filed as Exhibit 10(e) to 
                Registration Statement on Form S-1 (No. 33-74866) and
                the same is incorporated by reference.

10(f)           Lease between Triple S Plastics, Inc. And Westinghouse
                Road Joint Venture regarding the manufacturing and 
                office building for the Georgetown, Texas manufacturing 
                facility.

11              Statement regarding computation of earnings per share         27

23              Consent of Experts and Counsel                                28

27              Financial Data Schedule                                       29


*Indicates a compensatory arrangement

<PAGE>

                                      EXHIBIT 11

                                TRIPLE S PLASTICS, INC.

                        (In thousands, except per share amounts)

                                                 Year ended March 31
                                      1997              1996             1995

Net earnings                       $  1,329          $  1,038         $  3,426

Weighted average number of 
   shares outstanding                 3,734             3,727            3,724

Earnings per share (net earnings
 divided by weighted average
 number of shares)                 $    .36          $    .28         $    .92



Note: 	Shares subject to option are not included in the earnings per share 
       computation because the effect is not dilutive.

<PAGE>

                    CONSENT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS

Triple S Plastics, Inc.
Vicksburg, Michigan


    	We hereby consent to the incorporation by reference in the Company's 
Registration Statements (No. 33-83214, No. 33-83212 and No. 333-20365) of our 
report dated April 28, 1997, relating to the financial statements of Triple S
Plastics, Inc. for each of the three years in the period ended March 31, 1997.





BDO Seidman, LLP
Kalamazoo, Michigan
Date: April 28, 1997