SECURITIES AND EXCHANGE COMMISSION

                 Washington, D.C.  20549


                       FORM 11-K

     FOR ANNUAL REPORT OF EMPLOYEE STOCK PURCHASE, SAVINGS
      AND SIMILAR PLANS PURSUANT TO SECTION 15(d) OF THE
             SECURITIES EXCHANGE ACT OF 1934

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

      For the fiscal year ended December 31, 1995

                        OR

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


         Commission file number:   33-41313


A.      Full title of the plan and the address of the plan,
       	if different from that of the issuer named below:

               Bairnco Corporation 401(K)
                Savings Plan and Trust

B.      Name of issuer of the securities held pursuant to
       	the plan and the address of its principal executive office:

                 Bairnco Corporation
                  2251 Lucien Way
               Maitland, Florida 32751

				       


REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS


To the Advisory Committee of
Bairnco Corporation 401(k) Savings Plan and Trust:

We have audited the accompanying statements of net assets available 
for benefits of Bairnco Corporation 401(k) Savings Plan and Trust as 
of December 31, 1995 and 1994, and the related statements of changes 
in net assets available for benefits for the years then ended.  These 
financial statements and the schedules referred to below are the 
responsibility of the Plan's management.  Our responsibility is to 
express an opinion on these financial statements and schedules based 
on our audits.

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

	In our opinion, the financial statements referred to above 
present fairly, in all material respects, the net assets available for 
benefits of the Bairnco Corporation 401(k) Savings Plan and Trust as 
of December 31, 1995 and 1994, and the changes in net assets available 
for benefits for the years then ended in conformity with generally 
accepted accounting principles.

	Our audits were made for the purpose of forming an opinion on the 
basic financial statements taken as a whole.  The supplemental 
schedules of reportable transactions, assets held for investment and 
transactions with parties in interest are presented for purposes of 
complying with the Department of Labor Rules and Regulations for 
reporting and Disclosure under the Employee Retirement Income Security 
Act of 1974 and are not a required part of the basic financial 
statements.  Such schedules have been subjected to the auditing 
procedures applied in the audits of the basic financial statements 
and, in our opinion, are fairly stated, in all material respects, in 
relation to the basic financial statements taken as a whole.

Orlando, Florida
March 15, 1996
                                         Arthur Andersen LLP


<TABLE>

BAIRNCO CORPORATION
401(k) SAVINGS PLAN AND TRUST
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
AS OF DECEMBER 31, 1995 AND 1994

<CAPTION>
                                                1995         1994
<S>                                             <C>          <C>
ASSETS

INVESTMENTS, at fair market value
  (Notes 2 & 3)

Money market fund                               $   630,998  $   435,919 
Corporate bond fund                                 409,483      309,654 
Common stock fund                                 1,120,700      679,727 
Bairnco common stock fund                           154,559      136,704 
Participant notes receivable                         12,744          --  

TOTAL INVESTMENTS                                 2,328,484    1,562,004 

RECEIVABLES 

Participants' contributions                          46,494       56,399 
Accrued investment income                             6,865        6,949 

TOTAL RECEIVABLES                                    53,359       63,348 

TOTAL ASSETS                                      2,381,843    1,625,352 

NET ASSETS AVAILABLE FOR BENEFITS               $ 2,381,843  $ 1,625,352 





The accompanying notes are an integral part of these financial statements.
</TABLE>

<TABLE>
BAIRNCO CORPORATION
401(k) SAVINGS PLAN AND TRUST
STATEMENTS OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
FOR THE YEARS ENDED DECEMBER 31, 1995 AND 1994

(Note 6)
<CAPTION>
                                         1995         1994    
<S>                                      <C>          <C>
NET ASSETS AVAILABLE FOR BENEFITS,
  beginning of year                      $ 1,625,352  $ 1,171,176 
   
ADDITIONS:
  Participants' contributions                724,508      678,506 
  Investment income                           61,710       63,602 
  Net realized and unrealized
    appreciation (depreciation)
    on investments (Note 2)                  319,307      (79,905)
                                           1,105,525      662,203 

DEDUCTIONS:
  Distributions                              349,034      194,389 
  Administrative expenses (Note 4)               --        13,638 
                                             349,034      208,027 
NET ASSETS AVAILABLE FOR BENEFITS,
  end of year                            $ 2,381,843  $ 1,625,352 





The accompanying notes are an integral part of these financial statements.
</TABLE>


BAIRNCO CORPORATION
401(k) SAVINGS PLAN AND TRUST
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 1995 and 1994


1.      PLAN DESCRIPTION:       

The following description of the Bairnco Corporation 401(k) Savings 
Plan and Trust (the "Plan") provides only general information. Participants 
of the Plan should refer to the Plan document for a complete description of 
the Plan's provisions.  The Plan document is available from Bairnco 
Corporation at its offices in Maitland, Florida.

General

Bairnco Corporation ("Bairnco" or the "Corporation") established the 
Plan effective July 1, 1991.  The Plan is a defined contribution plan under 
which all full-time employees become eligible for participation after the 
completion of six months of service and the attainment of age eighteen. 
Once an employee becomes eligible for participation, salary deferrals 
(contributions) may commence on any subsequent semi-annual enrollment date 
of January 1 or July 1.  The Plan excludes non-resident aliens, leased 
employees and independent contractors from participating in the Plan.  
Union employees of the Corporation are permitted to participate in the 
Plan.  The Plan is subject to the Employee Retirement Income Security Act 
of 1974 (ERISA).

Contributions

Under the terms of the Plan, allowable contributions are outlined as 
follows:

Employee Contributions - The participants may elect to defer a 
minimum of 1% and a maximum of 25% of compensation, as defined in 
the Plan, not to exceed $9,240 for both 1995 and 1994.  The maximum 
dollar amount that may be deferred is adjusted annually by the 
Internal Revenue Service.  The amount of the compensation which is 
deferred, plus any earnings or losses on that amount, is not 
subject to federal income tax until the funds are actually 
distributed to the participant by the Plan.  However, contributions 
are subject to FICA (Social Security and Medicare Taxes) even 
though the compensation has not yet been distributed.

Employer Contributions - Although the Corporation may make matching 
contributions pursuant to the Plan, no such contributions were made 
to the Plan during 1995 or 1994.  In order to satisfy the rules of 
Section 401(k) of the Internal Revenue Code, contributions to the 
Plan by the Highly Compensated Participant group (as defined in the 
Plan) are limited to an average deferral percentage based upon the 
average deferral percentage of the Non-Highly Compensated 
Participant group (as defined in the Plan).

Participant Accounts

Participants' contributions to the Plan are placed into a trust fund 
which is maintained for the exclusive benefit of the Plan's participants or 
a participant's designated beneficiary in the event of the death of the 
participant.  Within the trust fund, separate accounts are maintained for 
each participant into which are allocated the portion of the trust fund 
attributable to each participant's contributions and investment earnings 
and losses.  The Trustee's (see Note 4) direct costs of administering the 
Trust Fund and the individual related participant accounts are charged to 
the participants' accounts.  The benefit to which a participant is entitled 
is the amount that can be provided from the participant's aggregate 
account.

Vesting

A participant shall at all times have a 100 percent nonforfeitable 
interest in the value of his/her account attributable to all contributions 
made plus or minus investment earnings and losses thereon and related 
administrative costs.

The vested portion of any participant's employer matching account 
shall be 20% after three years of service and 20% each year thereafter, so 
that the participant's accrued benefit relating to employer contributions 
will be 100% vested after seven years, regardless of when the contribution 
was made during the term of employment.

Transfers From Other Qualified Plans

	Participants who have an interest in any other qualified employee 
benefit plan (as described in Section 401(a) of the Internal Revenue Code) 
may transfer the distributions from these plans directly into the Plan at 
the discretion of the Administrative Committee (see Note 4).

Distributions

A participant who has attained age 59-1/2 may elect, by filing a 
written application with the Administrative Committee, to withdraw any 
amount up to 100 percent of the vested portion of his/her account, for any 
reason.  For participants who have not attained age 59-1/2, the reasons for 
such withdrawals are restricted to those defined in the Plan.

Upon termination of employment, a participant can elect to have the 
balance in the participant's account distributed to the participant in a 
single lump sum cash distribution or a partial distribution if requested in 
writing by the participant.  As an alternative, the participant may also 
elect to leave the related funds in the Plan or transfer the related funds 
into another qualified plan.  

Participant Notes Receivable

	Effective January 1, 1995, a participant may borrow, with the 
approval of the Administrative Committee, from his/her account for the 
purposes of purchasing a principal residence, educational or medical 
expenses, and to prevent foreclosure on the home of a participant.  Funds 
may be borrowed at a minimum of $1,000 up to a maximum equal to the lesser 
of (1) a total of $50,000 of borrowings within one year or (2) 50% of the 
participant's account balance.

	Loan transactions are treated as a transfer to(from) the investment 
fund from(to) the participant notes receivable account.  Loan terms range 
from 1-5 years or up to 15 years for the purchase of a primary residence.  
The loans are secured by the balance in the participant's account and bear 
interest at a rate commensurate with local prevailing rates as determined 
quarterly by the plan administrator.  During 1995, interest rates ranged 
from 7.5% to 8.5%.  Principal and interest are paid quarterly through 
payroll deductions.  As of December 31, 1995, there were seven loans 
outstanding.


2.      SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:

Basis Of Accounting-

The accounting records of the Plan and the Plan's assets are 
maintained by SunTrust Banks of Florida, Inc. (formerly SunBank, NA) 
("SunTrust").  The participants' account balances are determined on the 
cash basis; however, the Plan's financial statements contained herein are 
presented on an accrual basis.

Investment Valuation and Income Recognition-

Investments are stated at fair market value.  Securities which are 
traded on a national securities exchange are valued at the last reported 
sales price on the last business day of the year.  Any unlisted securities 
are valued at the bid price next preceding the close of business on the 
valuation date.  Participant notes receivable are valued at cost which 
approximates fair value.

Any unrealized appreciation/depreciation on investments represents the 
difference between fair value of investments at the beginning of the Plan 
year or when acquired, whichever is later, and the fair value of 
investments at the end of the Plan year.  Net realized gains from the sale 
of investments amounted to $143,345 and $2,542 for the Plan years ended 
December 31, 1995 and 1994, respectively.  


3.      INVESTMENTS:

There are four investment options into which participants may direct 
the investment of their accounts.  These are a Capital Growth Fund (common 
stock fund), an Investment Grade Bond Fund (corporate bond fund), a Prime 
Quality Fund (money market fund) and the Bairnco Corporation Common Stock 
Fund (Bairnco common stock fund).  Participants invest in units of 
participation of the fund which represents an undivided interest in the 
underlying assets of the fund.  Participants may separately direct the 
investment of future deferrals and existing account balances into these 
four investment options in increments of 10%.  During 1994, participants 
were permitted to modify their elections for investment of future deferrals 
and existing account balances between investment funds as of January 1, 
April 1, July 1 or October 1.  Notice of the change had to be given to the 
Plan Administrator prior to the fifth business day of the month preceding 
the date of change.  Effective January 1, 1995, participants were permitted 
to modify their elections for future deferrals and existing account 
balances between investment funds on a daily basis.

Investments within the corporate bond fund and common stock fund are 
made by the Plan Trustee (Note 4) on behalf of the Plan. These investments 
are maintained in an investment portfolio with the Corporation's defined 
retirement benefit plan investments. As such, the individual stock and bond 
investments allocable to the Plan cannot be specifically identified in the 
attached Schedule of Assets Held for Investment.  The combined statements 
of investments for these funds may be obtained from the Plan Trustee.


4.      TRUST AGREEMENT:

Since the inception of the Plan, SunTrust has acted as Plan Trustee 
pursuant to the Plan document which is signed by the Corporation and 
Trustee.  SunTrust manages the Plan assets, makes investment decisions 
within the funds and makes distributions to participants as directed by the 
Plan Administrator.  The Administrative Committee of the Corporation is the 
Plan Administrator.  Expenses incurred by the Plan Trustee or the Plan 
Administrator in the performance of their duties may be paid by the Plan or 
the Corporation at the Corporation's discretion.  Through December 31, 
1994, these expenses paid by the Plan were reported as deductions of the 
net assets of the Plan.  During 1995, all investment managers' fees were 
paid directly by the Plan and the assets of the Plan reported at net market 
value.  The fees charged were based on a percentage of the net assets of 
the respective funds as follows:


	Capital Growth Fund                     1.15%
	Investment Grade Bond Fund              0.75%
	Prime Quality Fund                      0.58%
	Bairnco Stock Fund                      0.75%


5.      PLAN TERMINATION:

Although it has not expressed any intent to do so, the Corporation 
reserves the right under the Plan to terminate the Plan, in whole or in 
part, at any time.  In the event of the Plan's termination, the Plan assets 
will be distributed to the participants in lump sum distributions or 
transferred to another qualified plan at the direction of the participant. 
Upon the Plan's termination all amounts credited to participants' accounts 
are 100% vested.


6.      CHANGES IN NET ASSETS BY INVESTMENT FUND:

The following schedule presents changes in the net assets of the 
investment funds for the year ended December 31, 1995.
<TABLE>
<CAPTION>
                                                                BAIRNCO
                             COMMON       CORP.      MONEY      COMMON     PART.
                             STOCK        BOND       MARKET     STOCK      NOTES
                             FUND         FUND       FUND       FUND       REC.      TOTAL
<S>                          <C>          <C>        <C>        <C>        <C>       <C> 
Net Assets Available for
  Plan Benefits, 01/01/95    $  710,079   $323,062   $451,213   $140,998   $   --    $1,625,352

ADDITIONS:
  Participants' contributions   331,015    140,113    211,721     41,659       --       724,508
  Investment income              10,003     23,128     28,579        --        --        61,710
  Net realized and unrealized
   appreciation(depreciation)
   on investments               232,090     37,735        (31)    49,513       --       319,307
  Loan repayments                   513        352        283        100    (1,248)         --
  Transfers from other funds     26,604      8,758     40,980      1,247       --        77,589
                                600,225    210,086    281,532     92,519    (1,248)   1,183,114

DEDUCTIONS:
  Distributions                (142,315)  (100,445)   (82,104)   (24,170)      --      (349,034)
  Loans                          (5,646)    (3,685)    (2,742)    (1,919)   13,992          --
  Transfers to other funds      (17,975)    (8,383)    (1,432)   (49,799)      --       (77,589)
                               (165,936)  (112,513)   (86,278)   (75,888)   13,992     (426,623)

Net Assets Available for
  Plan Benefits, 12/31/95    $1,144,368   $420,635   $646,467   $157,629   $12,744   $2,381,843 

</TABLE>
The following schedule presents changes in the net assets of the 
investment funds for the year ended December 31, 1994.
<TABLE>
<CAPTION>
                                                                BAIRNCO
                             COMMON       CORP.      MONEY      COMMON
                             STOCK        BOND       MARKET     STOCK
                             FUND         FUND       FUND       FUND       TOTAL
<S>                          <C>          <C>        <C>        <C>        <C>
Net Assets Available for
  Plan Benefits, 01/01/94    $574,012     $286,896   $264,725   $ 45,543   $1,171,176

ADDITIONS:
  Participants' contributions 343,699      141,741    158,863     34,203      678,506
  Investment income            39,684        6,114     14,684      3,120       63,602
  Net realized and unrealized
   appreciation(depreciation)
   on investments             (81,918)      (4,076)       --       6,089      (79,905)
  Transfers from other funds    1,865          --      64,746     62,261      128,872 
                              303,330      143,779    238,293    105,673      791,075 
DEDUCTIONS:
  Distributions              (101,653)     (35,051)   (48,421)    (9,264)    (194,389)
  Administrative expenses      (6,191)      (3,109)    (3,384)      (954)     (13,638)
  Transfers to other funds    (59,419)     (69,453)       --         --      (128,872)
                             (167,263)    (107,613)   (51,805)   (10,218)    (336,899)

Net Assets Available for
  Plan Benefits, 12/31/94    $710,079     $323,062   $451,213   $140,998   $1,625,352 
</TABLE>

7.      TRANSACTIONS WITH PARTIES IN INTEREST:

Under Department of Labor Rules and Regulations for Reporting and 
Disclosure, the Plan is required to report investment transactions with and 
compensation paid to a "party in interest".  The term "party in interest" 
is broadly defined but includes Bairnco Corporation as the Plan's sponsor, 
SunTrust, as Plan Trustee, and any person or corporation which renders 
services to the Plan.  Certain 1995 and 1994 fees for legal and accounting 
services provided in connection with the Plan were paid by the Plan sponsor 
on behalf of the Plan during these years.  Additional fees paid by the Plan 
during 1995 and 1994 for services rendered by parties in interest were 
based on rates which the Plan's Administrator believes were customary and 
reasonable.


8.      INCOME TAX STATUS:

The Plan obtained its latest determination letter on March 5, 1996, in 
which the Internal Revenue Service stated that the Plan, as then designed, 
was in compliance with the applicable requirements of the Internal Revenue 
Code.



9.      SUPPLEMENTAL SCHEDULES:

Supplemental Schedule I lists the reportable transactions of the Plan 
for the year ended December 31, 1995.  Purchases and sales are made at 
market value on the date of transaction.

Supplemental Schedule II lists the Plan assets held for investment at 
December 31, 1995.

Supplemental Schedule III lists transactions with parties in interest 
of the Plan for the year ended December 31, 1995.


SCHEDULE  I
<TABLE>
BAIRNCO CORPORATION
401(k) SAVINGS PLAN AND TRUST
SCHEDULE OF REPORTABLE TRANSACTIONS
FOR THE YEAR ENDED DECEMBER 31, 1995

<CAPTION>


                                                         Cost of    Sales      Net Gain
Description of Transaction                   Purchases   Sales      Proceeds   on Sales


<S>                                          <C>         <C>        <C>        <C>     
Purchases:
  STI Classic Prime Quality Money Market
    Fund, Class A Trust Shares               $438,011 
    STI Classic Prime Quality Money Market
    Fund, Class A Trust Shares                487,655

Sales:
  STI Classic Prime Quality Money Market
    Fund, Class A Trust Shares                           $487,655   $487,655   $    --
  STI Classic Prime Quality Money Market
    Fund, Class A Trust Shares                            435,917    435,917        --
 
      Total All Funds                        $925,666    $923,572   $923,572   $    --



The accompanying notes are an integral part of this schedule.
</TABLE>






SCHEDULE II
<TABLE>
BAIRNCO CORPORATION
401(k) SAVINGS PLAN AND TRUST
SCHEDULE OF ASSETS HELD FOR INVESTMENT
AS OF DECEMBER 31, 1995
								 
<CAPTION>

                                     Market Value              Unrealized
         Description                 (Note 2)     Cost         Appreciation
<S>                                  <C>          <C>          <C>
Common Stocks
  Bairnco Corporation, 10,885 units
    @ $14.20 per unit                $  154,559   $  115,538   $   39,021
  Other Common Stock, 82,892 units
    @ $13.52 per unit                 1,120,700    1,012,506      108,194

    Total Common Stocks               1,275,259    1,128,044      147,215

Other Investments
  Money Market Funds, 630,998 units
    @ $1.00 per unit                    630,998      630,998          -- 
  Corporate Bonds, 38,594 units
    @ $10.61 per unit                   409,483      380,736       28,747
  Participant Notes Receivable           12,744       12,744          --  

    Total Other Investments           1,053,225    1,024,478       28,747

    Total                            $2,328,484   $2,152,522    $ 175,962





The accompanying notes are an integral part of this schedule. 

</TABLE>


SCHEDULE III

BAIRNCO CORPORATION
401(k) SAVINGS PLAN AND TRUST
SCHEDULE OF TRANSACTIONS WITH PARTIES IN INTEREST
FOR THE YEAR ENDED DECEMBER 31, 1995

                 Description                              Amount  
						   
						   
Sold 9,398.862 units of Bairnco Corporation Stock
  Fund between $10.295 and $14.205 per unit               $106,927


Purchased 6,613.682 units of Bairnco Corporation
  Stock Fund between $10.295 and $13.702 per unit         $ 75,291




The accompanying notes are an integral part of this schedule.




SIGNATURE


Pursuant to the requirements of the Securities Exchange Act of 1934, the 
Administrative Committee has duly caused this annual report to be signed on 
its behalf by the undersigned hereunto duly authorized.


BAIRNCO CORPORATION 401(K)     
SAVINGS PLAN AND TRUST       
(Name of Plan)           




Date:   March 15, 1996                  By: /s/ J. ROBERT WILKINSON
                                            J. ROBERT WILKINSON     
                                            Administrative Committee Member