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, 1999

                                  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.)

           300 Primera Blvd., Lake Mary, Florida       32746
        (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  16,  2000, the aggregate market value of  the  Registrant's
voting stock held by non-affiliates was $49,434,113.

On  March  16,  2000,  there were 7,741,384  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,
2000.   Part III incorporates information by reference from the  Proxy
Statement  dated  March 14, 2000 in connection with  the  Registrant's
Annual Meeting of Stockholders to be held on April 21, 2000.

                             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.

      Bairnco's  two core businesses are Arlon's Engineered  Materials
and  Components,  and Kasco's Replacement Products and  Services.   In
February  of  2000 Bairnco purchased certain assets of  the  materials
business  ("Signtech")  of  Signtech  USA,  Ltd.,  a  manufacturer  of
laminated vinyl fabrics designated for use in the commercial  graphics
market.   Signtech's  product lines complement Arlon's  current  vinyl
product  lines,  and will provide product line extensions,  additional
brand recognition, product development synergies, and penetration into
new customer segments and markets.

     At  December 31, 1999, Bairnco employed 820 persons including  14
headquarters  personnel.  Bairnco's  operations  occupy  approximately
605,000  square  feet  of factory and office space  at  its  principal
locations.  There is an additional 53,000 square feet of leased  space
used as field warehouses throughout North America.


     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.   These  products  are
based  on  common  technologies in coating, laminating,  polymers  and
dispersion   chemistry.   Replacement  products   and   services   are
manufactured   and   distributed  under  the  Kasco   brand   identity
principally  to  supermarkets, meat and  deli  operations,  and  meat,
poultry  and  fish  processing plants throughout  the  United  States,
Canada and Europe.  Kasco also manufactures small band saw blades  for
cutting  metal and wood, and large band saw blades for use  at  lumber
mills.  In Canada and France, in addition to providing its replacement
products, Kasco also distributes equipment to the supermarket and food
processing industries.

     Financial  data  and  other information about  the  Corporation's
segments  is  set  forth  in  Note 10 to  the  Consolidated  Financial
Statements  on  pages  28  through 30 and on  pages  4  through  7  of
Bairnco's  1999  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  1999
Annual  Report  to  Stockholders,  and  "Management's  Discussion  and
Analysis"  set forth on pages 10 through 12 of Bairnco's  1999  Annual
Report to Stockholders, which is incorporated herein by reference.

     The principal facilities utilized by each segment are detailed on
page 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.  These products are based  on
common  technologies in coating, laminating, polymers, and  dispersion
chemistry.    Arlon's  principal  products  include  high  performance
materials for the printed circuit board industry, adhesive coated cast
and   calendered   vinyl  films,  custom-engineered   laminates,   and
calendered and extruded silicone rubber insulation products used in  a
broad range of industrial, consumer and commercial products.

     Arlon  Materials for Electronics has an international  reputation
as  the  premier supplier of high technology materials for the printed
circuit  board  industry.  These products are marketed principally  to
printed  circuit  board  manufacturers and OEM's  by  technical  sales
representatives in the US, and through distributors and  manufacturers
representatives in Europe, the Far East, and South America,  supported
by  direct  technical  sales specialists  in  Europe  and  Asia.   Our
Electronic  Substrates  product line includes high  temperature,  high
performance  thermoset  laminates and prepreg bonding  plies  used  in
circuit  boards for sophisticated commercial applications and military
electronics.  These  applications require materials  that  are  highly
reliable,  withstand  continuous  high  or  widely  varying  operating
temperatures,  provide ease of field repairability, or  improve  board
fabrication yields.  Intermediate temperature laminates, which provide
improved product reliability and ease of manufacture at a lower  cost,
are also key to the line.  The Microwave Materials product line offers
application  matched, reinforced PTFE and other resin based  laminates
providing  high  yields and high performance for low  signal-loss  and
frequency-dependent microwave applications.  The applications for this
product  line include microwave antennas, digital cordless telephones,
cellular   phone  handsets,  cellular  phone  base  stations,   direct
broadcast  satellite  TV  systems, personal  communications  networks,
global   positioning   satellites,  local  area  networks,   collision
avoidance systems, and radar detection systems.

     Arlon  specialty graphic films are marketed under the Calon brand
name and include cast and calendered vinyl films that are manufactured
in  a wide variety of colors, face stocks and adhesive systems.  These
vinyl  films are used in commercial and electrical signage,  point  of
purchase   displays,  highway  signage,  fleet  markings,  and   other
commercial  advertising applications.  In February  of  2000,  Bairnco
announced  it  had purchased certain assets of the materials  business
("Signtech") of Signtech USA, Ltd., a manufacturer of laminated  vinyl
fabrics   designated  for  use  in  the  commercial  graphics  market.
Signtech's  product  lines complement Arlon's  current  vinyl  product
lines,  and  will  provide product line extensions,  additional  brand
recognition, product development synergies, and penetration  into  new
customer segments and markets.

       Custom  engineered  laminates  and  coated  products  are  also
manufactured  and  marketed under the Arlon brand  identity.   Typical
applications  include  insulating foam tapes for  thermopane  windows,
specialty  flexible circuit materials, electrical insulation materials
for  motors and transformers, thermal insulation panels for appliances
and cars, identification cards and labels, durable printing stock, and
other    custom   engineered   laminates   for   specific   industrial
applications.

     Arlon also manufactures a line of silicone rubber materials, used
in  a  broad  range  of consumer, industrial and commercial  products.
Typical  applications and products include silicone sheet  rubber  for
producing  composite  parts,  silicone  rubber  insulating  tapes  for
electric  traction motor coil windings, insulation for industrial  and
commercial  flexible heaters, silicone products for  high  temperature
hose  and  duct markets, insulating tape for medium and  high  voltage
electrical  splices and terminations, as well as compliant,  thermally
or   electrically  conductive  silicone  sheet  adhesives   known   as
ThermabondT.

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, or technical support and customer service, it may
also  be based on the ability to service emerging technologies through
the  custom design of new products, or redesign of existing  products,
and  materials for the new applications.  As an example, for some 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 Far Eastern  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 North and South America,
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,    TeflonT     or
polytetrafluoroethylene (PTFE) resin, polyimide resin,  epoxy  resins,
other  thermoset  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, Europe  and
Brazil.

Employees

     As  of  December  31,  1999,  approximately  502  employees  were
employed  by  the  operations,  which  constitute  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 brand identity principally to  the  meat,
deli  and  seafood departments of supermarkets; to meat,  poultry  and
fish  processing  plants;  and to manufacturers  and  distributors  of
electrical  saws and cutting equipment throughout the  United  States,
Canada  and  Europe.   These products and services  include  band  saw
blades  for  cutting meat and fish, saw blades for  cutting  wood  and
metal,  chopper  plates and knives for grinding meat, electrical  saws
and  cutting machines, seasoning products, preventive maintenance  for
equipment  in  meat  and  deli operations, and other  related  butcher
supply products.

     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 Canada, and Bertram & Graf and  Biro
France 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.

     Kasco  has  a significant distribution network that reaches  over
30,000  retail  grocery  stores, restaurants,  delis,  and  processing
plants  in  the  US, Canada, Europe, Latin America and Asia.   Kasco's
distribution network is made up of Territory Managers and Distributors
who  have  in-depth knowledge of the local markets and the  customer's
needs.   Kasco  has  an extensive training program for  its  Territory
Managers  so that each is proficient in the installation, repair,  and
service of meat, deli and seafood department equipment.

     Within  our  extensive market coverage of retail grocery  stores,
Kasco  also  offers  a  unique product offering of  seasoning  blends,
recipes  and  instructions  under the tradename  Mealtime  SolutionsT,
which  allows a supermarket to present value-added products  in  their
meat, deli and seafood departments.

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 grinder 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 France, certain specialty equipment and other items  used
in  the  supermarket industry and in the food processing industry  are
purchased  and resold under exclusive distributorship agreements  with
the  equipment  manufacturers. All of the raw materials and  purchased
products   utilized  by  this  segment  have  been  readily  available
throughout this last year.

Employees

     As  of December 31, 1999, approximately 304 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, and Germany.  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 pages  28
through  30 of Bairnco's 1999 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, 1999, 1998 and  1997  were
$39,291,000,  $30,554,000 and $28,770,000, 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  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                   658,000


Headquarters

        Lake  Mary, FL               11,000        Leased (Expires 2009)


Engineered Materials and Components (Arlon)

        Bear, DE                    135,000        Owned
        East Providence, RI          60,000        Owned
        Northbrook,  IL              30,000        Owned
        Rancho Cucamonga, CA         80,000        Owned
        Santa  Ana,  CA             124,000        Leased (Expires 2003)


Replacement Products and Services (Kasco)

        Gwent, Wales, UK             25,000        Owned
        Pansdorf, Germany            22,000        Owned
        Paris,  France               20,000        Leased (Expires 2001)
        St.  Louis, MO               78,000        Owned
        St.  Louis, MO               20,000        Leased (Expires 2000)
        Field Warehouses
         (Approximately 70 locations
         in North America)           53,000        Leased

     Item 3.        LEGAL PROCEEDINGS

     Bairnco and its subsidiaries are among the defendants in a
lawsuit  pending  in the U.S. District Court for  the  Southern
District  of New York (the "Transactions Lawsuit") in which  it
is  alleged that Bairnco and others are derivatively liable for
the  asbestos-related  claims against  its  former  subsidiary,
Keene   Corporation   ("Keene").    The   plaintiffs   in   the
Transactions Lawsuit are the trustees of Keene Creditors  Trust
("KCT"), a successor in interest to Keene.  In the Transactions
Lawsuit complaint, the KCT alleges that certain sales of assets
by  Keene  to  other  subsidiaries of Bairnco  were  fraudulent
conveyances and otherwise violative of state law,  as  well  as
being  violative of the civil RICO statute, 18  U.S.C.  Section
1964.   The  complaint  seeks  compensatory  damages  of   $700
million,  interest,  punitive  damages,  and  trebling  of  the
compensatory damages pursuant to civil RICO.  In  a  series  of
decisions  that  remain  subject  to  appeal,  the  court   has
dismissed plaintiff's civil RICO claims; dismissed 14 of the 21
defendants  named  in  the  complaint;  and  partially  granted
defendants'  motions  for  summary  judgment  on   statute   of
limitations  grounds.   Discovery is now  underway  as  to  the
remaining  claims  and defendants.  The  court  has  entered  a
scheduling  order  requiring the completion  of  all  discovery
(including expert discovery) by May 11, 2001.  A trial date has
not been set, but the Court has scheduled a conference for June
19,  2001, to determine dates for filing a pretrial order,  for
trial, and/or for any pretrial motions.

     Keene was spun off in 1990, filed for relief under Chapter
11  of the Bankruptcy Code in 1993, and emerged from Chapter 11
pursuant  to  a plan of reorganization approved  in  1996  (the
"Keene Plan"). The Keene Plan provided for the creation of  the
KCT,   and   transferred  the  authority   to   prosecute   the
Transactions  Lawsuit from the Official Committee of  Unsecured
Creditors  of  Keene  (which  initiated  the  lawsuit  in   the
Bankruptcy  Court in 1995) to the KCT. The Keene  Plan  further
provided  that  only  the KCT, and no  other  entity,  can  sue
Bairnco  in  connection  with the claims  in  the  Transactions
Lawsuit  complaint.   Therefore, although  a  number  of  other
asbestos-related  personal  injury and  property  damage  cases
against  Bairnco nominally remain pending in courts around  the
country, it is expected that the resolution of the Transactions
Lawsuit in substance will resolve all such claims.

      Bairnco also is the defendant in a separate action by the
KCT  (the  "NOL  Lawsuit"), also pending in the  United  States
District Court for the Southern District of New York, in  which
the KCT seeks the exclusive benefit of tax refunds attributable
to the carryback by Keene of certain net operating losses ("NOL
Refunds"), notwithstanding certain provisions of applicable tax
sharing  agreements  between Keene and Bairnco.  (As  with  the
Transactions  Lawsuit,  the NOL Lawsuit  was  commenced  during
Keene's  Chapter 11 case and, pursuant to the Keene  Plan,  the
KCT  became  the plaintiff in the lawsuit and the  lawsuit  was
moved  from  the  Bankruptcy  Court  to  the  District  Court.)
Pending  resolution  of the NOL Lawsuit, any  refunds  actually
received  are  to  be placed in escrow.  Through  December  31,
1999,  approximately  $28.5 million of  NOL  Refunds  had  been
received  and  placed  in escrow.  There can  be  no  assurance
whatsoever  that resolution of the NOL Lawsuit will  result  in
the release of any portion of the NOL Refunds to Bairnco.

      Bairnco and its Arlon subsidiary ("Arlon") also are among
the  defendants  in a third action by the KCT (the  "Properties
Lawsuit"), commenced December 8, 1998 and pending in the United
States  District Court for the Southern District of  New  York.
In   the   Properties  Lawsuit  complaint,  the  KCT  seeks   a
declaratory  judgment  that it owns certain  patents  and  real
property  purchased by Arlon from Keene in 1989, based  on  the
allegations  that  technical title  to  these  assets  was  not
conveyed  at  the time of the sale and that no proof  of  claim
specifically referencing these assets was filed during  Keene's
Chapter  11 case.  In an answer and counterclaims, Bairnco  and
Arlon  have  denied  the  KCT's claims  and  have  requested  a
declaratory  judgment that full title to the patents  and  real
property  in question in fact was transferred to Arlon  at  the
time  of the 1989 asset sale.  The Properties Lawsuit has  been
transferred  to the Transactions Lawsuit Judge for consolidated
discovery and other proceedings.

      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 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, 1999.


     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 1999.

     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 (58)                Mr. Fichthorn  has
                                     served   as   Chairman    of
                                     Bairnco since May 23,  1990,
                                     and  on  December 18,  1991,
                                     became    Chief    Executive
                                     Officer  of  Bairnco.    For
                                     over twenty-five 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.

     Larry D. Smith (50)                        Mr.   Smith   was
                                     elected  Vice  President   -
                                     Administration and Secretary
                                     of  Bairnco  in April  1999.
                                     Prior  to  joining  Bairnco,
                                     Mr.  Smith was employed  for
                                     over  14  years with Emerson
                                     Electric Company in  various
                                     human   resource  managerial
                                     capacities.  Most  recently,
                                     Mr. Smith was Vice President
                                     Human     Resources      for
                                     Emerson's Therm-O-Disc, Inc.
                                     division in Mansfield, Ohio.

     James W. Lambert (46)                      Mr.  Lambert  was
                                     appointed  Vice President  -
                                     Finance  and  Treasurer   of
                                     Bairnco  in  December  1999.
                                     From August 1997 to December
                                     1999,   Mr.   Lambert    was
                                     Bairnco's          Corporate
                                     Controller. Prior to joining
                                     Bairnco,  Mr.  Lambert   was
                                     employed  for over 15  years
                                     by    Air    Products    and
                                     Chemicals Inc., in a variety
                                     of  financial, marketing and
                                     product           management
                                     capacities.

     Lawrence C. Maingot (40)                   Mr.  Maingot  was
                                     appointed          Corporate
                                     Controller  of  Bairnco   in
                                     December 1999. From May 1997
                                     to    December   1999,   Mr.
                                     Maingot     was    Bairnco's
                                     Assistant  Controller.  From
                                     April 1992 to May 1997,  Mr.
                                     Maingot     was    Bairnco's
                                     Accounting Manager. Prior to
                                     joining Bairnco, Mr. Maingot
                                     was   employed  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 13 of Bairnco's 1999 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 15
     of  Bairnco's 1999 Annual Report to Stockholders,  which  is
     incorporated  herein  by  reference.   The  quarterly   cash
     dividend  remained constant at $0.05 per share during  1999.
     The  Board  continues to review the dividend on a  quarterly
     basis.

         b.    The  approximate number of holders  of  record  of
     Bairnco  common  stock  (par value $.01  per  share)  as  of
     December 31, 1999 was 1,356.



     Item 6. SELECTED FINANCIAL DATA

         Reference  is made to "Financial History" on page  9  of
     Bairnco's  1999  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 through 12 of Bairnco's  1999  Annual
     Report  to  Stockholders  which is  incorporated  herein  by
     reference.



     Item 7A.QUANTITATIVE   AND  QUALITATIVE  DISCLOSURES   ABOUT
             MARKET RISK

         The  interest on the Corporation's bank debt is floating
     and  based on prevailing market interest rates.  For  market
     rate  based  debt,  interest rate changes generally  do  not
     affect  the  market value of the debt but do  impact  future
     interest expense and hence earnings and cash flows, assuming
     other   factors   remain  unchanged.   A  theoretical   one-
     percentage  point  change  in  market  rates  in  effect  on
     December 31, 1999 would increase interest expense and  hence
     reduce  the  net income of the Corporation by  approximately
     $210,000 per year.

         The  Corporation's fiscal 1999 sales  denominated  in  a
     currency other than U.S. dollars were approximately  14%  of
     total  sales  and  net  assets maintained  in  a  functional
     currency  other than U.S. dollars at December 31, 1999  were
     approximately  19%  of  total net  assets.  The  effects  of
     changes   in  foreign  currency  exchange  rates   has   not
     historically   been   significant   to   the   Corporation's
     operations or net assets.



     Item  8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

         Reference   is   made  to  the  Consolidated   Financial
     Statements  and  accompanying Notes  included  on  pages  15
     through 31 and the "Quarterly Results of Operations" on page
     13  of Bairnco's 1999 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  2000
     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 on pages 13 and 14 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 2000 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 2000 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 2000 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 1999 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, 1999, 1998 and 1997;
               Consolidated  Statements of Comprehensive  Income
                 for  the years ended December 31, 1999, 1998  and
                 1997;
               Consolidated  Balance Sheets as of December  31,
                 1999 and 1998;
               Consolidated  Statements of Cash Flows  for  the
                 years ended December 31, 1999, 1998 and 1997;
               Consolidated    Statements   of    Stockholders'
                 Investment  for  the  years ended  December  31,
                 1999, 1998 and 1997;
               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, 1999, 1998 and 1997:

                   Schedule   II  -  Valuation  and  Qualifying
                     Accounts on page 22 of this Annual Report on
                     Form 10-K;

             All  other  schedules and notes 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 26 of
               this Annual Report on Form 10-K.

         b)   Reports  on  Form 8-K - None filed  in  the  fourth
     quarter of 1999.


                                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  27,  2000               By: /s/ James  W. Lambert
                                                James W. Lambert
                                                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/ James W. Lambert
         James W. Lambert - Vice President-Finance
         and Treasurer
         (Principal Financial Officer)



          /s/ Lawrence C. Maingot
         Larry C. Maingot - 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 21,  2000,
     except with respect to the matters discussed in Note 12,  as
     to  which  the date is February 16, 2000.  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 21, 2000
     (except with respect to the matters discussed in Note 12, as
     to which the date is February 16, 2000)

                                                  Arthur Andersen LLP



              BAIRNCO CORPORATION AND SUBSIDIARIES
         SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS
      FOR THE YEARS ENDED DECEMBER 31, 1999, 1998 AND 1997



               Balance                                             Balance
Year Ended     Beginning                 Deductions                End
December 31,   of Year     Expenses         (a)        Other (b)   of Year

1999
Reserve for
Doubtful
Accounts       $1,224,000  $  647,000    $  (735,000)  $     --    $1,136,000

Reserve for
Excess and
Obsolete
Inventory      $2,559,000  $3,739,000    $(2,156,000)  $     --    $4,142,000

1998
Reserve for
Doubtful
Accounts       $  943,000  $  372,000    $  (241,000)  $150,000    $1,224,000

Reserve for
Excess and
Obsolete
Inventory      $1,673,000  $3,029,000    $(2,612,000)  $469,000    $2,559,000

1997
Reserve for
Doubtful
Accounts       $  822,000  $  365,000    $  (244,000)  $     --    $  943,000

Reserve for
Excess and
Obsolete
Inventory      $2,057,000  $2,036,000    $(2,420,000)  $     --    $1,673,000

(a)  Actual charges incurred in connection with the purpose for
     which the reserves were established.
(b)  Additions to the reserve from acquisition.







               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, 1999

                  Commission File No.:  1-8120




                      BAIRNCO CORPORATION

     (Exact name of registrant as specified in the charter)







                        INDEX TO EXHIBITS


            Description               Incorporated Herein By Reference
                                                     To
Certificate  of  Incorporation,  as   Exhibit 3 to Bairnco's Annual
amended through September 24, 1991.   Report on Form 10-K for fiscal
                                      year ended December 31, 1991.

By Laws, as amended through December  Exhibit 3 to Bairnco's Annual
18, 1991.                             Report on Form 10-K for fiscal
                                      year ended December 31, 1991.

Promissory   note   dated   as    of  Exhibit 4 to Bairnco's Annual
September  1,  1989, between  Arlon,  Report on Form 10-K for fiscal
Inc.   And   the  Delaware  Economic  year ended December 31, 1989.
Development Authority.

Indenture  of  Trust,  series  1989,  Exhibit 4 to Bairnco's Annual
dated   as  of  September  1,  1989,  Report on Form 10-K for fiscal
between    the   Delaware   Economic  year ended December 31, 1989.
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.

Loan   Agreement,   dated   as    of  Exhibit 4 to Bairnco's Annual
September   1,  1989,  between   the  Report on Form 10-K for fiscal
Delaware     Economic    Development  year ended December 31, 1989.
Authority and Arlon, Inc.

Reimbursement Agreement dated as  of  Exhibit 4 to Bairnco's Annual
September  1,  1989  by  and   among  Report on Form 10-K for fiscal
Arlon, Inc., Bairnco Corporation and  year ended December 31, 1989.
Continental  Bank NA  (now  Bank  of
America, Illinois).

Agreement  of  the  Company,   dated  Exhibit 4(e) to Bairnco's
March 30, 1987, to furnish a copy of  Annual Report on Form 10-K for
any   instrument  with  respect   to  fiscal year ended December 31,
certain other long-term debt to  the  1986.
Securities  and Exchange  Commission
upon its request.

Standard Industrial Lease dated June  Exhibit 10 to Bairnco's
30,  1983 between James E. and Nancy  Annual Report on Form 10-K
S.   Welsh,  trustees  under   Welsh  for fiscal year ended
Family  Trust, dated April 20,  1979  December 31, 1983.
and  Arlon,  Inc.  as  successor  to
Keene Corporation.

Bairnco  Corporation 401(k)  Savings  Exhibit 4.3 to Bairnco's
Plan and Trust.                       Registration Statement on
                                      Form S-8, No. 33-41313.

Bairnco   Corporation   1990   Stock  Exhibit 4.3 to Bairnco's
Incentive Plan.                       Registration Statement on
                                      Form S-8, No. 33-36330.




                        INDEX TO EXHIBITS


            Description                    Incorporated Herein By
                                                Reference To
Bairnco    Corporation    Management  Exhibit 10 to Bairnco's
Incentive Compensation Plan.          Annual Report on Form 10-K
                                      for fiscal year ended
                                      December 31, 1981.

Employment  Agreement dated  January  Exhibit 10 to Bairnco's
22,     1990,    between     Bairnco  Annual Report on Form 10-K
Corporation  and Luke  E.  Fichthorn  for fiscal year ended
III.                                  December 31, 1989.

Promissory  Note dated  January  31,  Exhibit   4   to   Bairnco's
1998,  between  Bairnco  Corporation  Annual  Report on Form  10-K
and Bank of America NT&SA.            for    fiscal   year   ended
                                      December 31, 1997.

Second  Amended and Restated  Credit  Exhibit   2   to   Bairnco's
Agreement  dated as of February  22,  Current  Report on Form  8-K
2000,    by   and   among    Bairnco  dated February 24, 2000.
Corporation  and  certain   of   its
subsidiaries and certain  Commercial
Lending  Institutions  and  Bank  of
America,  N.A.,  as  the  Agent  for
Lenders.

Exhibits   to  Second  Amended   and  Exhibit   3   to   Bairnco's
Restated  Credit Agreement dated  as  Current  Report on Form  8-K
of  February 22, 2000, by and  among  dated February 24, 2000.
Bairnco  Corporation and certain  of
its    subsidiaries   and    certain
Commercial Lending Institutions  and
Bank  of America, N.A., as the Agent
for Lenders.

Lease,  dated May 17, 1999,  between  Exhibit 10.1 filed herewith.
Crescent  Resources,  Inc.  a  South
Carolina  Corporation,  and  Bairnco
Corporation.

Lease,  dated  February  16,   2000,  Exhibit 10.2 filed herewith.
between Signtech USA, Ltd., a  Texas
Limited   Partnership,   and   Arlon
Signtech Ltd.

Calculation  of  Basic  and  Diluted  Exhibit 11 filed herewith.
Earnings  per  Share for  the  years
ended  December 31, 1999,  1998  and
1997.

1999 Annual Report to Stockholders.   Exhibit 13 filed herewith.


                        INDEX TO EXHIBITS


            Description                    Incorporated Herein By
                                                Reference To

Subsidiaries of the Registrant.       Exhibit 21 filed herewith.

Consent of Independent Certified      Exhibit 23 filed herewith.
Public Accountants.

Financial Data Schedules.             Exhibit 27 filed herewith
                                      (electronic filing only).

Form 11-K Re: Bairnco Corporation     Exhibit 99 filed herewith.
401(k) Savings Plan and Trust for
the fiscal year ended December 31,
1999.