UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
FORM 10-K


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

For the fiscal year ended December 31, 1995

OR

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

Commission file number:   1-8120

BAIRNCO CORPORATION      
(Exact name of Registrant as specified in its charter)

        Delaware                          13-3057520
(State or other jurisdiction of          (IRS Employer
incorporation or organization)         Identification No.)

  2251 Lucien Way, Maitland, Florida                       32751
(Address of principal executive offices)                 (Zip Code)

Registrant's telephone number, including area code: (407) 875-2222
Securities registered pursuant to Section 12(b) of the Act:

                                             Name of each Exchange on
Title of each class                             which registered
 
Common Stock, par value $.01 per share      New York Stock Exchange

					   

Securities registered pursuant to Section 12(g) of the Act:  None

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. [ ] 
 

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    

On March 18, 1996, the aggregate market value of the Registrant's voting 
stock held by non-affiliates was $57,575,423.

On March 18, 1996, there were 9,834,934 shares of Common Stock outstanding, 
exclusive of treasury shares or shares held by subsidiaries of the Registrant.

Parts I, II and IV incorporate information by reference from the Annual Report 
to Stockholders for the fiscal year ended December 31, 1995.  Part III 
incorporates information by reference from the Proxy Statement dated March 21, 
1996 in connection with the Registrant's Annual Meeting of Stockholders to be 
held on April 19, 1996.




PART I

Item 1. BUSINESS
 

a.      Recent Developments and Description

	Bairnco Corporation was incorporated under the laws of the State of 
New York on April 9, 1981.  Effective  September 24, 1991, Bairnco 
Corporation changed its state of incorporation from New York to Delaware.  
Unless otherwise indicated herein, the terms "Bairnco" and the 
"Corporation" refer to Bairnco Corporation and its subsidiaries.
	Effective December 31, 1993, Bairnco adopted a restructuring plan, a 
major component of which was a formal plan of divestiture relating to the 
businesses that comprised Bairnco's Specialty Construction Products segment 
and secure communications electronics operations.  Accordingly, these 
businesses are classified as discontinued operations in the consolidated 
financial statements as of, and for the years ended, December 31, 1994 and 
1993, and in other financial information accompanying this filing.
	During 1994 the majority of the Specialty Construction businesses were 
sold.  The smallest and last remaining operation of the Specialty 
Construction business was sold on December 29, 1995.  The secure 
communications business was sold on November 30, 1995. 
	As a result of the restructuring plan, Bairnco's focus is now on its 
two remaining core businesses: Arlon's Engineered Materials and Components, 
and Kasco's Replacement Products and Services.
	At December 31, 1995, Bairnco employed 820 persons including 12 
Headquarters personnel.  Bairnco's operations occupy approximately 707,600 
square feet of factory and office space at its principal locations.  


b. & c. Financial Information About Industry Segments
	     and Narrative Description of Business

	Bairnco Corporation is a diversified multinational company that 
operates two business sectors.  Engineered materials and components are 
designed, manufactured and sold under the Arlon brand identity to 
electronic, industrial and commercial markets.  Replacement products and 
services are manufactured and distributed under the Kasco name principally 
to retail food stores and meat, poultry and fish processing plants 
throughout the United States, Canada and Europe.  Kasco also distributes 
equipment to the food industry in Canada and France.
	Financial data and other information about the Corporation's segments
is set forth in Note 10 to the Consolidated Financial Statements on pages 
23 and 24 and on pages 4 through 7 of Bairnco's 1995 Annual Report to 
Stockholders which is incorporated herein by reference.  This information 
should be read in conjunction with the "Financial History" set forth on 
page 9 of Bairnco's 1995 Annual Report to Stockholders, and "Management's 
Discussion and Analysis" set forth on pages 10 and 11 of Bairnco's 1995 
Annual Report to Stockholders, which is incorporated herein by reference.
	The principal facilities utilized by each segment are detailed on 
pages 9 and 10 under "Item 2. PROPERTIES" of this filing.


ENGINEERED MATERIALS AND COMPONENTS (ARLON)

Description of Business

	Engineered materials and components are designed, manufactured and 
sold under the Arlon brand identity to electronic, industrial and 
commercial markets.  These products are based on a common technology in 
coating, laminating and dispersion chemistry.  Arlon's principal products 
include high performance materials for the printed circuit board market of 
the electronics industry, cast and calendered vinyl film systems, custom 
engineered laminates and pressure sensitive adhesive systems, and 
calendered and extruded silicone rubber insulation products used in a broad 
range of industrial, consumer and commercial products.  
	Arlon circuit board materials (also referred to as substrates) are 
grouped as follows:  (1) High performance and high temperature materials 
used in circuit boards for military electronics and sophisticated 
commercial applications, such as in the surface mount electronics for the 
Motorola worldwide satellite telephone systems (Iridium) and circuit boards 
used in burn-in ovens to routinely test semiconductors.  Intermediate 
temperature laminates which provide both improved product reliability in 
the field and ease of manufacture are also key to the line. Specialty 
products have been developed for the surface mounting of computer chips on 
circuit boards and multi-chip modules which are growing segments of the 
printed circuit board market; and, (2) Frequency dependent and low signal 
loss materials used for circuit boards and antennas used in microwave 
applications such as digital cordless telephones, local and global cellular 
phone systems, direct broadcast satellite TV systems, global positioning 
satellite systems and other personal communications systems.  Additional 
wireless opportunities for Arlon circuit board materials include local area 
networks for computers and public business exchange systems or PBX's,  toll 
booth reading systems and collision avoidance systems.  A major emerging 
market for wireless communications is the phone systems which are being 
planned for a number of developing countries such as India and Argentina. 
These systems are being designed wireless both to reduce system maintenance 
costs and to expedite and reduce cost of installation.   
	Arlon specialty graphic films include cast and calendered vinyl films 
that are manufactured and marketed under the Calon brand name.  These films 
are offered in a wide variety of colors and with varying face stocks and 
adhesive systems for the specialty graphics market which includes 
commercial sign manufacturers, graphic printing houses, and numerous 
customers involved in various commercial and governmental specification 
applications.
	Custom engineered laminates and adhesive systems are also manufactured
and marketed under the Arlon brand name and include insulating foam tapes 
for thermopane windows, electrical insulation, thermal insulation panels 
for appliances and cars, security tags and labels, durable printing stock 
for high speed laser printing systems and custom engineered laminates for 
specific industrial applications.
	A line of silicone rubber based materials, used in a broad range of 
consumer, industrial, utility and commercial products, is also manufactured 
and marketed under the Arlon brand name.  Typical applications of these 
materials include silicone rubber roll material used in molding composites, 
silicone rubber tape to insulate coil windings of electric traction motors 
(most notably locomotive traction motors), insulating tapes for industrial 
flexible heaters and power utility applications. 

Competition

	Arlon has numerous competitors ranging in size from small, sole 
proprietorships to units of very large, multinational corporations that in 
certain instances have far greater market positions and financial resources 
than the Corporation's.
	The principal method of competition for Arlon's products varies by 
product line and type of customer.  While competition for established lines 
is usually based on one or more of lead time, price, product performance, 
technical support and customer service, it may also be based on the ability 
to service emerging technologies through the custom design of new or 
redesign of existing products and materials for the new applications.  For 
high performance materials sold to the printed circuit board industry, the 
consistent technical performance of the materials supplied in excess of
minimum specified standards can be the critical competitive element.  In 
addition, Arlon sells a significant portion of its circuit board materials 
into the Japanese and European markets where local producers of similar 
materials have a competitive advantage related to their geographic 
location.

Distribution

	Arlon products are marketed by company sales personnel, outside sales
representatives and distributors in the United States, Canada, Europe, the 
Far East and several other international markets.

Raw Materials and Purchased Parts

	The essential raw materials used in Arlon engineered materials and 
components are silicone rubber, fiberglass cloth, pigments, steel and 
aluminum parts, copper foil, aluminum foil, polyethylene foam and various 
plastic films, special papers and release liners, vinyl resins, various 
adhesives and solvents, Teflontm or polytetrafluoroethelene (PTFE) resin, 
polyimide resin, epoxy resins, and various chemicals.  Generally, these 
materials are each available from several qualified suppliers.  There are, 
however, several raw materials used in Arlon's products that are purchased 
from chemical companies and are proprietary in nature.  Other raw materials 
are purchased from a single approved vendor on a "sole source" basis 
although alternative sources could be developed in the future if necessary. 
However, the qualification procedure can take up to several months and 
could therefore interrupt production if the primary raw material source was 
lost unexpectedly.  
	Due to the number and diversity of Arlon's products it is unlikely 
that availability problems with any one raw material would have a material 
adverse effect on Arlon.  There are no known limitations to the continued 
availability of Arlon's raw materials. Current suppliers are located in the 
United States, Japan and France.

Backlog

	Order backlog for this segment was $8,109,000 as of December 31, 1995,
$7,833,000 as of December 31, 1994 and $7,998,000 as of December 31, 1993. 
Substantially all of the backlog as of December 31, 1995 is scheduled for 
shipment in 1996.

Employees

	As of December 31, 1995, approximately 445 employees were employed by
the operations comprising Arlon's engineered materials and components.

Patents and Trademarks

	The Corporation owns several registered trademarks under which certain
Arlon products are sold.  The Corporation does not believe that the loss of 
any or all of these trademarks would have a material adverse effect on this 
segment.


REPLACEMENT PRODUCTS AND SERVICES (KASCO)

Description of Business

	Replacement products and services are manufactured and distributed 
under the Kasco name principally to retail food stores and meat, poultry 
and fish processing plants throughout the United States, Canada and Europe. 
Replacement band saw blades are also sold for use in wood and metal 
industries.  Kasco's French and Canadian operations also distribute 
equipment to the supermarket and food processing industries in their 
respective markets.  
	Kasco manufactures band saw blades for cutting, and chopper plates and
knives for grinding meat in supermarkets and packing plants, band saw 
blades used in frozen fish factories, small band saw blades for cutting 
metal and wood, and large band saw blades for lumber mills.  Kasco 
distributes related supply products and a seasoning line to supermarkets, 
as well as other customers. 
	Kasco also provides preventive maintenance and repair parts and 
service for a broad range of supermarket equipment primarily in the meat 
and deli areas in selected markets.
	Replacement products and services are sold under a number of brand 
names including Kasco in the United States and Canada, Atlantic Service in 
the United Kingdom, and Bertram & Graf and Biro in Continental Europe.

Competition and Marketing

	Kasco competes with several large and medium-sized national and 
regional companies, as well as numerous small local companies.  The 
principal methods of competition are service, price and product 
performance.  The performance of meat band saw blades used in cutting meat 
or other food items is balanced between minimizing waste and maximizing the 
efficiency and productivity of the band saw machine and operator or other 
cutting/processing equipment being used.  During 1995, Kasco's management 
took numerous actions to improve the efficiencies in manufacturing and 
distribution.  These actions, together with the significant investment in 
new grinding and other manufacturing equipment and techniques has resulted 
in improved quality, more efficient operations and improved customer 
service.
	In North America, Kasco supplies its products and services directly 
to the supermarket and meat cutting industries through route sales people. 
They make regularly scheduled calls on the accounts in their region.  They 
both supply the Company's products and provide related equipment 
maintenance services.  The route sales people are continuously trained in 
the service and maintenance of the equipment used in the meat preparation 
areas of retail food outlets.  The field computerization program permits 
the route sales people to more efficiently service their customer base.  
	Kasco currently operates service centers in four regions of North 
America.  The service centers provide preventive maintenance programs and 
emergency repair programs for a broad range of equipment primarily in the 
meat preparation and deli areas of supermarkets and other retail food 
outlets in their geographical areas.
	During 1995 the service center program was refocused on four selected
market areas where Kasco can provide more cost effective, value added 
preventive maintenance and emergency service in concentrated geographical 
markets.  These actions resulted in a $2 million reduction in revenues and 
phase out expenses which continued in reducing amounts throughout 1995. The 
net impact of the cost savings began to be evident during the last part of 
1995 and should provide continuing benefits in 1996.
	
Raw Materials and Purchased Supplies

	High quality carbon steel is the principal raw material used in the 
manufacture of band saw blades and is purchased from multiple domestic and 
international suppliers.  Tool steel is utilized in manufacturing meat 
chopper plates and knives and is purchased from qualified suppliers located 
in the United States, Europe and Japan. Equipment, replacement parts and 
supplies are purchased from a number of manufacturers and distributors, 
mostly in the United States and Europe.  In the Canadian and French 
operations, certain specialty equipment and other items are purchased and 
resold under exclusive distributorship agreements with the equipment 
manufacturers.  All of the raw materials and purchased products utilized by 
this sector have been readily available throughout this last year and it is 
anticipated that adequate supplies will continue to be available throughout 
the coming year.  

Employees

	As of December 31, 1995, approximately 363 persons were employed in 
the replacement products and services segment.

Patents and Trademarks

	The Corporation has a number of United States and foreign mechanical 
patents related to several of the products manufactured and sold by Kasco, 
as well as a number of design patents and registered trademarks.  The 
Corporation does not believe, however, that the loss of any or all of those 
patents would have a material adverse effect on this segment.


d.  Foreign Operations

	The Corporation has foreign operations located in Canada, the United 
Kingdom, France, Germany and Belgium.  Information on the Corporation's 
operations by geographical area for the last three fiscal years is set 
forth in Note 10 to the Consolidated Financial Statements on page 24 of 
Bairnco's 1995 Annual Report to Stockholders which is incorporated herein 
by reference.
	In addition, export sales from the Corporation's US based operations
for the years ended December 31, 1995, 1994 and 1993 were $27,115,000, 
$21,093,000 and $17,835,000, respectively.  Export sales to any particular 
country or geographic area did not exceed 10% of consolidated sales during 
any of these years.  



Item 2.  PROPERTIES

	The following chart lists for the Corporation as a whole, and by each
of its segments, the principal locations of the Corporation's facilities 
(excluding approximately 68,000 square feet of leased space related to 
discontinued operations discussed in Note 3 on page 19 of Bairnco's 1995 
Annual Report to Stockholders which is incorporated herein by reference) 
and indicates whether the property is owned or leased and if leased, the 
lease expiration date.



                                                LEASED OR OWNED
    LOCATION                     SQUARE FEET   (LEASE EXPIRATION)

CORPORATION TOTAL                  707,600 

Headquarters

Maitland, FL                         7,700      Leased(Expires 2000)

Replacement Products and Services (KASCO)

Calgary, Alberta, Canada             2,000      Leased(Expires 1996)
City of Industry, CA                15,000      Leased(Expires 1997)
Edmonton, Alberta, Canada            2,400      Leased(Expires 1996)
Gwent, Wales, UK                    25,000      Owned
Lyon, France                        11,000      Leased(Expires 1999)
Montreal, Quebec, Canada             9,300      Leased(Expires 1998)
Pansdorf, Germany                   22,000      Owned
Paris, France                       12,000      Leased(Expires 1996)
Rennes, France                       4,800      Leased(Expires 1996)
Scarborough, Ontario, Canada        20,000      Owned
St. Louis, MO                       75,000      Owned
St. Louis, MO                       50,000      Leased(Expires 1996)
Saskatoon, Saskatchewan, Canada      1,400      Leased(Expires 1996)
Vancouver, B.C., Canada             11,000      Leased(Expires 1998)
Winnipeg, Manitoba, Canada           5,000      Leased(Expires 1997)
Field Warehouses
  (Approximately 70 locations
  in North America)                 24,000      Leased

Engineered Materials and Components (Arlon)

Bear, DE                           133,000      Owned
East Providence, RI                 68,000      Owned
Merksem, Belgium                     5,000      Leased(Expires 2002)
Rancho Cucamonga, CA                80,000      Owned
Santa Ana, CA                      124,000      Leased(Expires 2003)




Item 3.  LEGAL PROCEEDINGS

	Since its announcement in January 1990 of its intention to spin off 
Keene, Bairnco has been named as a defendant in a number of individual 
personal injury and wrongful death cases in which it is alleged that 
Bairnco is derivatively liable for the asbestos-related claims against 
Keene.  In 1993, Bairnco and certain of its present and former officers and 
directors were also named as defendants in two purported class actions in 
which the same types of claims were made.  Both of these purported class 
actions, which were consolidated in the United States District Court for 
the Southern District of New York, were subsequently stayed by order of the 
Bankruptcy Court for the Southern District of New York, as described in the 
following paragraph.
	On December 6, 1993, Keene filed for protection under Chapter 11 of 
the Bankruptcy Code.  The filing and certain subsequent proceedings led to 
a stay of the asbestos-related individual and class actions referred to 
above.  On May 5, 1995, the Bankruptcy Court overseeing the reorganization 
of Keene entered an order allowing the Creditors' Committee to assume from 
Keene responsibility for the pursuit of claims arising out of the transfer 
of assets for value by Keene to other subsidiaries of Bairnco and the spin-
offs of certain subsidiaries, including Keene, by Bairnco.  On June 8, 
1995, the Creditors' Committee commenced an adversary proceeding in the 
Bankruptcy Court against Bairnco and others alleging that the transfers of 
assets by Keene were fraudulent and otherwise violative of law and seeking 
compensatory damages of $700 million, plus interest and punitive damages. 
Bairnco and other defendants have sought to have the proceeding removed to 
the United States District Court for the Southern District of New York to 
the judge before whom the class actions described above are pending.  Their 
application for such transfer is pending.  Bairnco and other defendants in 
the adversary proceeding have reached an agreement in principle with 
respect to the transfer of the adversary proceeding to the District Court 
(following the confirmation of Keene's plan of reorganization).  The 
agreement is, however, subject to final documentation and requires the 
approval of the Bankruptcy Court before it can become effective.  In the 
meantime, no answers or responsive pleadings have been filed in the 
adversary proceeding, and all proceedings have been stayed.
	Management believes that Bairnco has meritorious defenses to all 
claims or liability purportedly derived from Keene and that it is not 
liable, as an alter ego, successor, fraudulent transferee or otherwise, for 
the asbestos-related claims against Keene or with respect to Keene 
products. 
	Bairnco is party to a separate action brought by Keene in the United 
States Bankruptcy Court for the Southern District of New York  in which 
Keene seeks the exclusive benefit of tax refunds attributable to the 
carryback by Keene of certain net operating losses, notwithstanding certain 
provisions of tax sharing agreements between Keene and Bairnco.  (After 
filing this action, Keene ceded control of the action to the Creditors' 
Committee.)  Pending resolution of the dispute by the Bankruptcy Court, any 
refunds actually received are to be placed in escrow.  Through December 31, 
1995, approximately $12.1 million of refunds had been received and placed 
in escrow.  Subsequent to year-end, an additional $14.4 million of refunds 
were received and placed in escrow.  There can be no assurance whatsoever 
that resolution of the dispute with Keene will result in the release of any 
portion of the refunds to Bairnco. 
	Bairnco Corporation and its subsidiaries are defendants in a number 
of other actions.  Management of Bairnco believes that the disposition of 
these other actions, as well as the actions and proceedings described 
above, will not have a material adverse effect on the consolidated results 
of operations or the financial position of Bairnco Corporation and its 
subsidiaries as of December 31, 1995.





Item 4.  SUBMISSION OF MATTERS TO VOTE OF SECURITY HOLDERS

No matter was submitted to a vote of security holders during the 
fourth quarter of 1995.


EXECUTIVE OFFICERS OF THE REGISTRANT

The information required with respect to executive officers 
of the Corporation is as follows:

   Name and Age of                 Data Pertaining to
 Executive Officers                Executive Officers

Luke E. Fichthorn III (54)      Mr. Fichthorn has served as 
                                Chairman of Bairnco since May 
                                1990, and on December 18, 1991, 
                                became Chief Executive Officer 
                                of Bairnco.  For over nineteen 
                                years, Mr. Fichthorn has been a 
                                private investment banker and 
                                partner of Twain Associates, a 
                                private investment banking and 
                                consulting firm.  Mr. Fichthorn 
                                served as a director of Keene 
                                Corporation, a former subsidiary 
                                of Bairnco Corporation from 
                                August, 1969 until May, 1981, 
                                and became a director of Bairnco 
                                in January, 1981.  Mr. Fichthorn 
                                is also a director of Florida 
                                Rock Industries, Inc. and FRP 
                                Properties, Inc., neither of 
                                which is affiliated with 
                                Bairnco.

J. Robert Wilkinson (61)        Mr. Wilkinson was elected Vice 
                                President - Finance and 
                                Treasurer in March 1990. From 
                                September 1986 to September 
                                1989, Mr. Wilkinson was 
                                Bairnco's Vice President - 
                                Controller.  From October 1989 
                                to March 1990 he was Executive 
                                Vice President of Shielding 
                                Systems Corporation, a wholly-
                                owned subsidiary of Bairnco. 
                                Prior to joining Bairnco, Mr. 
                                Wilkinson served as Vice 
                                President and Controller of 
                                Transway International 
                                Corporation from November 1981 
                                to June 1986.

Barry M. Steinhart (43)         Mr. Steinhart was elected Vice 
                                President - Administration and 
                                Secretary in March 1990.  From 
                                June of 1983 through July 1986, 
                                Mr. Steinhart served as Division 
                                Personnel Manager and Manager of 
                                Human Resources of Lightolier, a 
                                wholly-owned subsidiary of the 
                                Genlyte Group which was a 
                                wholly-owned subsidiary of 
                                Bairnco until August 1988.  From 
                                August 1986 through December 
                                1988, Mr. Steinhart served as 
                                Director of Human Resources for 
                                Keene Corporation, which was a 
                                wholly-owned subsidiary of 
                                Bairnco Corporation until 
                                August, 1990.  From January 1989 
                                to February 1990, Mr. Steinhart 
                                served as Bairnco's Director of 
                                Human Resources.

Elmer G. Pruim III (33)         Mr. Pruim was appointed 
                                Controller of Bairnco 
                                Corporation in August, 1994.  In 
                                October 1995, Mr. Pruim was also 
                                elected as Acting President of 
                                Kasco Corporation.  Mr. Pruim 
                                was previously an Audit Manager 
                                with Arthur Andersen LLP.


	PART II


Item 5. MARKET FOR THE REGISTRANTS COMMON EQUITY AND RELATED     
	  STOCKHOLDER MATTERS

a. & c.    Data regarding market prices of Bairnco's common 
stock is included in the "Quarterly Results of Operations" on 
page 12 of Bairnco's 1995 Annual Report to Stockholders which is 
incorporated herein by reference.  Bairnco's common stock is 
traded on the New York Stock Exchange under the symbol BZ.  Data 
on dividends paid is included in the Consolidated Statements of 
Income on page 14 of Bairnco's 1995 Annual Report to Stockholders 
which is incorporated herein by reference.  The quarterly cash 
dividend remained constant at $0.05 per share during 1995.  The 
Board continues to review the dividend on a quarterly basis. Data 
on the limitations of Bairnco's ability to pay dividends is 
included in Note 7 to the Consolidated Financial Statements on 
page 21 of Bairnco's 1995 Annual Report to Stockholders which is 
incorporated herein by reference.

b.   The approximate number of common equity security holders 
is as follows:
                                                Approximate Number   
                                               of Holders of Record  
Title of Stock                                as of December 31, 1995
								 
Common Stock, Par Value $.01 per share              1,967 



Item 6. SELECTED FINANCIAL DATA

Reference is made to "Financial History" on page 9 of 
Bairnco's 1995 Annual Report to Stockholders, which is 
incorporated herein by reference.



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

Reference is made to the "Management's Discussion and 
Analysis" on pages 10 and 11 of Bairnco's 1995 Annual Report to 
Stockholders which is incorporated herein by reference.


Item 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

Reference is made to the Consolidated Financial Statements 
and accompanying Notes included on pages 14 through 24 and the 
"Quarterly Results of Operations" on page 12 of Bairnco's 1995 
Annual Report to Stockholders which is incorporated herein by 
reference.  Financial Statement Schedules are included in Part IV 
of this filing.



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

None.


	PART III


Item 10.  DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT

The information required with respect to directors of Bairnco 
is included in the Proxy Statement for the 1996 Annual Meeting of 
Stockholders of Bairnco, which has been filed with the Securities 
and Exchange Commission and is incorporated herein by reference. 
See the information regarding executive officers of the 
Corporation which begins on page 13 of this Annual Report on Form 
10-K.



Item 11.  EXECUTIVE COMPENSATION

The information required by Item 11 is included in the Proxy 
Statement for the 1996 Annual Meeting of Stockholders of Bairnco, 
which has been filed with the Securities and Exchange Commission 
and is incorporated herein by reference.



Item 12.  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND    
	    MANAGEMENT

The information required by Item 12 is included in the Proxy 
Statement for the 1996 Annual Meeting of Stockholders of Bairnco, 
which has been filed with the Securities and Exchange Commission 
and is incorporated herein by reference.



Item 13.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

The information required by Item 13 is included in the Proxy 
Statement for the 1996 Annual Meeting of Stockholders of Bairnco, 
which has been filed with the Securities and Exchange Commission 
and is incorporated herein by reference.


	PART IV

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

a)      1.  Financial Statements

       	Included in the 1995 Annual Report to Stockholders which 
        is included as Exhibit 13 to this Annual Report on Form 
	       10-K:

       	- Report of Independent Certified Public Accountants;
       	- Consolidated Statements of Income for the years ended 
       	    December 31, 1995, 1994 and 1993;
       	- Consolidated Balance Sheets as of December 31, 1995  
       	    and 1994;
       	- Consolidated Statements of Cash Flows for the years  
       	    ended December 31, 1995, 1994 and 1993;
       	- Consolidated Statements of Stockholders' Investment  
            for the years ended December 31, 1995, 1994 and
       	    1993;
       	- Notes to Consolidated Financial Statements.

        2.  Financial Statement Schedules

       	Included in Part IV of this Annual Report on Form 10-K:

       	- Report of Independent Certified Public Accountants on 
	           Financial Statement Schedules on page 21 of this   
	           Annual Report on Form 10-K;
        - Financial Statement Schedules for the years ended    
	           December 31, 1995, 1994 and 1993:
    
	           Schedule II - Valuation and Qualifying Accounts on 
	           page 22 of this Annual Report on Form 10-K;
    
        All other schedules and notes specified under Regulation 
        S-K are omitted because they are either not applicable, 
        not required or the information called for therein 
        appears in the Consolidated Financial Statements or Notes 
        thereto.

        3.  See Index to Exhibits on pages 24 through 27 of this 
            Annual Report on Form 10-K.

b)      Reports on Form 8-K - None for fiscal year 1995.



	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.


                                  BAIRNCO CORPORATION        
                                  (Registrant)



Date:  March 26, 1996       By:   /s/ J. Robert Wilkinson       
                                  J. Robert Wilkinson
                                  Vice President-Finance and
                                    Treasurer
                                  (Principal Financial Officer)



	SIGNATURES

Pursuant to the requirements of the Securities Exchange Act 
of 1934, this Report has been executed below by the following 
persons on behalf of the Registrant and in the capacities and on 
the date indicated above.



 /s/ Luke E. Fichthorn III                  
Luke E. Fichthorn III - Chairman and CEO



 /s/ Richard A. Shantz                      
Richard A. Shantz -  Director



 /s/ Charles T. Foley                       
Charles T. Foley - Director



 /s/ William F. Yelverton                   
William F. Yelverton - Director



 /s/ J. Robert Wilkinson                    
J. Robert Wilkinson - Vice President-Finance
and Treasurer
(Principal Financial Officer)



 /s/ Elmer G. Pruim III                     
Elmer G. Pruim III - Controller
(Principal Accounting Officer)
				 



REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS
ON FINANCIAL STATEMENT SCHEDULES




TO BAIRNCO CORPORATION:


We have audited in accordance with generally accepted auditing 
standards, the consolidated financial statements included in 
Bairnco Corporation's Annual Report to Stockholders incorporated 
by reference in this Form 10-K, and have issued our report 
thereon dated January 25, 1996.  Our audits were made for the 
purpose of forming an opinion on those statements taken as a 
whole.  The schedule listed in Item 14(a) 2 is the responsibility 
of the company's management and is presented for purposes of 
complying with the Securities and Exchange Commission's rules and 
is not part of the basic consolidated financial statements.  This 
schedule has been subjected to the auditing procedures applied in 
the audits of the basic consolidated financial statements and, in 
our opinion, fairly states in all material respects the financial 
data required to be set forth therein in relation to the basic 
consolidated financial statements taken as a whole.




Orlando, Florida
January 25, 1996
                                       Arthur Andersen LLP
	    



<TABLE>
BAIRNCO CORPORATION AND SUBSIDIARIES
SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS
FOR THE YEARS ENDED DECEMBER 31, 1995, 1994 AND 1993
<CAPTION>

                  Balance                             Balance
Year Ended       Beginning               Deductions     End
December 31,      of Year     Expenses      <F1>      of Year  
<S>              <C>          <C>        <C>          <C>
1995 - Reserve
for Doubtful
Accounts         $1,097,000   $202,000   $(536,000)   $  763,000

1994 - Reserve
for Doubtful
Accounts         $  844,000   $430,000   $(177,000)   $1,097,000

1993 - Reserve 
for Doubtful
Accounts         $  798,000   $356,000   $(310,000)   $  844,000


<FN>
<F1>     Actual charges incurred in connection with the purpose for 
         which the reserves were established.
</FN>
</TABLE>



SECURITIES AND EXCHANGE COMMISSION
WASHINGTON,  D.C.  20549
		    
EXHIBITS TO FORM 10-K

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

For the fiscal year ended December 31, 1995

Commission File No.:  1-8120

		 
BAIRNCO CORPORATION
(Exact name of registrant as specified in the charter)


								      
								      
INDEX TO EXHIBITS


a.      Certificate of Incorporation, as amended through September 24, 1991.
       	Incorporated herein by reference to Exhibit 3 to Bairnco's Annual  
       	Report on Form 10-K for fiscal year ended December 31, 1991.
b.      By Laws, as amended through December 18, 1991.
        Incorporated herein by reference to Exhibit 3 to Bairnco's Annual 
       	Report on Form 10-K for fiscal year ended December 31, 1991.
c.      Amended and Restated Credit Agreement, dated as of December 17, 
       	1992, among Bairnco Corporation and certain of its subsidiaries, as 
        guarantors, and certain Commercial Lending Institutions and 
       	Continental Bank NA, as the Agent for Lenders.
       	Incorporated herein by reference to Exhibit 3.1 to Bairnco's Annual 
        Report on Form 10-K for fiscal year ended December 31, 1992.
d.      Promissory note, dated December 17, 1992, between Bairnco Corporation
        and Continental Bank NA.
       	Incorporated herein by reference to Exhibit 3.2 to Bairnco's Annual 
       	Report on Form 10-K for fiscal year ended December 31, 1992.
e.      Amendment dated as of March 16, 1994 to Amended and Restated Credit 
       	Agreement dated as of December 17, 1992, by and among Bairnco 
        Corporation and certain of its subsidiaries and certain Commercial 
       	Lending Institutions and Continental Bank NA, as the Agent for 
       	Lenders.
       	Incorporated herein by reference to Exhibit 3 to Bairnco's Annual 
        Report on Form 10-K for fiscal year ended December 31, 1993.
f.      Promissory note, dated as of September 1, 1989, between Arlon, 
       	Inc. and the Delaware Economic Development Authority.       
        Incorporated herein by reference to Exhibit 4 to Bairnco's Annual 
       	Report on Form 10-K for fiscal year ended December 31, 1989.
g.      Indenture of Trust, series 1989, dated as of September 1, 1989, 
       	between the Delaware Economic Development Authority and 
        Manufacturers and Traders Trust Company, securing variable rate 
       	demand Industrial Development Refunding Revenue Bonds (Arlon, Inc. 
       	Project), series 1989 of the Delaware Economic Development 
       	Authority.
       	Incorporated herein by reference to Exhibit 4 to Bairnco's Annual 
       	Report on Form 10-K for fiscal year ended December 31, 1989.
h.      Loan Agreement, dated as of September 1, 1989, between the 
       	Delaware Economic Development Authority and Arlon, Inc.
       	Incorporated herein by reference to Exhibit 4 to Bairnco's Annual 
        Report on Form 10-K for fiscal year ended December 31, 1989.
i.      Reimbursement Agreement dated as of September 1, 1989 by and among 
       	Arlon, Inc., Bairnco Corporation and Continental Bank.
       	Incorporated herein by reference to Exhibit 4 to Bairnco's Annual 
       	Report on Form 10-K for fiscal year ended December 31, 1989.
j.      Agreement of the Company, dated March 30, 1987, to furnish a copy of
       	any instrument with respect to certain other long-term debt to the 
       	Securities and Exchange Commission upon its request.
        Incorporated herein by reference to Exhibit 4(e) to Bairnco's Annual
       	Report on Form 10-K for fiscal year ended December 31, 1986.
k.      Extension and Modification of Lease Agreement between Max Rothenberg 
       	and Michael L. Friedman and Shielding Systems Corporation.
       	Incorporated herein by reference to Exhibit 10.1 to Bairnco's Annual
        Report on Form 10-K for fiscal year ended December 31, 1992.
l.      Lease dated December 31, 1991 between Reybold Homes, Inc. and 
       	Arlon, Inc.
       	Incorporated herein by reference to Exhibit 10.2 to Bairnco's Annual
        Report on form 10-K for fiscal year ended December 31, 1992.
m.      Lease dated December 10, 1991 between Mattei Corporation and 
       	Bairnco Corporation.
        Incorporated herein by reference to Exhibit 10 to Bairnco's Annual 
        Report on Form 10-K for fiscal year ended December 31, 1991.
n.      Lease dated February 18, 1991 between Pensionfund Realty Limited 
       	and KASCO Food Equipment Sales and Service Division of Atlantic 
       	Service Co., Ltd.
       	Incorporated herein by reference to Exhibit 10 to Bairnco's Annual 
        Report on Form 10-K for fiscal year ended December 31, 1991.
o.      Lease dated February 8, 1990 between Leggett and Platt, Inc. and 
       	KASCO Corporation.
       	Incorporated herein by reference to Exhibit 10 to Bairnco's Annual 
       	Report on Form 10-K for fiscal year ended December 31, 1991.
p.      Lease dated February 5, 1990 between Fernwood Developments Ltd. and 
       	KASCO Atlantic Service Company, Ltd.
       	Incorporated herein by reference to Exhibit 10 to Bairnco's Annual 
       	Report on Form 10-K for fiscal year ended December 31, 1991.
q.      Agreements, each dated November 8, 1965, between Max Rothenberg and 
       	Michael L. Friedman and Shielding Systems Corporation as successor to
       	Keene Corporation and amendment thereto, dated January 20, 1970.
        Incorporated herein by reference to Exhibit 10 to Bairnco's Annual 
       	Report on Form 10-K for fiscal year ended December 31, 1989.
r.      Lease, dated October 7, 1986, between Sinnott Investments Ltd. and 
       	KASCO Corporation as successor to Atlantic Service Co. Ltd.
       	Incorporated herein by reference to Exhibit 10 to Bairnco's Annual 
       	Report on Form 10-K for fiscal year ended December 31, 1986.
s.      Lease, dated July 1, 1985, between Succession V H Fortin and KASCO 
       	Corporation as successor to Atlantic Service Co. Ltd.
       	Incorporated herein by reference to Exhibit 10 to Bairnco's Annual 
        Report on Form 10-K for fiscal year ended December 31, 1986.
t.      Lease, dated May 1, 1985, between John B. Merrill, Joseph S. Weedon 
        and Richard A. Westberg and KASCO Corporation as successor to 
       	Atlantic Service, Inc.
	       Incorporated herein by reference to Exhibit 10 to Bairnco's Annual 
       	Report on Form 10-K for fiscal year ended December 31, 1986.
u.      Standard Industrial Lease dated June 30, 1983 between James E. and 
        Nancy S. Welsh, trustees under Welsh Family Trust, dated April 20, 
       	1979 and Arlon, Inc. as successor to Keene Corporation.      
       	Incorporated herein by reference to Exhibit 10 to Bairnco's Annual 
       	Report on Form 10-K for fiscal year ended December 31, 1983.
v.      Bairnco Corporation 401(k) Savings Plan and Trust.
       	Incorporated herein by reference to Exhibit 4.3 to Bairnco's 
       	Registration Statement on Form S-8, No. 33-41313.
w.      Bairnco Corporation 1990 Stock Incentive Plan.
       	Incorporated herein by reference to Exhibit 4.3 to Bairnco's 
        Registration Statement on Form S-8, No. 33-36330.
x.      Bairnco Corporation Management Incentive Compensation Plan.
       	Incorporated herein by reference to Exhibit 10 to Bairnco's Annual 
       	Report on Form 10-K for fiscal year ended December 31, 1981.
y.      Employment Agreement dated January 22, 1990, between Bairnco 
       	Corporation and Luke E. Fichthorn III.
        Incorporated herein by reference to Exhibit 10 to Bairnco's Annual 
       	Report on Form 10-K for fiscal year ended December 31, 1989.
z.      Amendment dated as of April 18, 1995, to Amended and Restated Credit
       	Agreement dated as of December 17, 1992, by and among Bairnco 
       	Corporation and certain of its subsidiaries and certain Commercial 
        Lending Institutions and Continental Bank NA (now Bank of America, 
       	Illinois), as the Agent for Lenders.
       	Incorporated herein by reference to Exhibit 4 to Bairnco's 
       	Quarterly Report on Form 10-Q for the quarterly period ended 
       	April 1, 1995.
aa.     Calculation of Primary and Fully Diluted Earnings per Share for the 
       	years ended December 31, 1995, 1994 and 1993.
        Exhibit 11 filed herewith.
ab.     1994 Annual Report to Stockholders.
       	Exhibit 13 filed herewith.
ac.     Subsidiaries of the Registrant.
       	Exhibit 21 filed herewith.
ad.     Consent of Independent Certified Public Accountants.
       	Exhibit 23 filed herewith.
ae.     Financial Data Schedules.
       	Exhibit 27 filed herewith (electronic filing only).
af.     Form 11-K Re: Bairnco Corporation 401(k) Savings Plan and Trust for 
       	the fiscal year ended December 31, 1995.
       	Exhibit 99 filed herewith.