SECURITIES 1AND 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, 1999

                               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
                300 Primera Boulevard, Suite 432
                    Lake Mary, Florida 32746


          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, 1999 and 1998, and the related statement of changes in
net assets available for benefits for the year ended December 31,
1999.  These financial statements and the supplemental schedules
referred to below are the responsibility of the Plan's management.
Our responsibility is to express an opinion on these financial
statements and supplemental 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 Plan as of December 31, 1999 and 1998, and the changes
in its net assets available for benefits for the year ended December
31, 1999, 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
additional analysis and are not a required part of the basic financial
statements but are supplementary information required by the
Department of Labor's Rules and Regulations for Reporting and
Disclosure under the Employee Retirement Income Security Act of 1974.
The supplemental 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.

                                          /s/Arthur  Andersen LLP



Orlando, Florida,
  March 3, 2000


                          BAIRNCO CORPORATION
                     401(k) SAVINGS PLAN AND TRUST
            STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
                   AS OF DECEMBER 31, 1999 AND 1998




                                              1999               1998
ASSETS

CASH                                      $   300,000        $       --

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

  Bairnco Corporation common stock fund       179,432            194,962
  Mutual funds                              8,698,207          5,131,997
  Participant notes receivable                482,552            193,146

     TOTAL INVESTMENTS                      9,360,191          5,520,105

PARTICIPANTS' CONTRIBUTIONS RECEIVABLE         92,387             71,745


TOTAL ASSETS                                9,752,578          5,591,850

NET ASSETS AVAILABLE FOR BENEFITS         $ 9,752,578        $ 5,591,850







The  accompanying  notes  are  an integral  part  of  these  financial
statements.


                          BAIRNCO CORPORATION
                     401(k) SAVINGS PLAN AND TRUST
       STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
                 FOR THE YEAR ENDED DECEMBER 31, 1999



                                                              1999

NET ASSETS AVAILABLE FOR BENEFITS, beginning of year      $ 5,591,850

ADDITIONS:

Participants' contributions (Note 1)                        1,170,312
Interest and dividends                                        491,177
Net realized and unrealized appreciation on
 investments (Note 2)                                       1,518,546
                                                            3,180,035

DEDUCTIONS:

Distributions                                               1,276,579
Administrative expenses                                         7,715
                                                            1,284,294

TRANSFER OF ASSETS FROM MERGED PLAN                         2,264,987

NET INCREASE                                                4,160,728

NET ASSETS AVAILABLE FOR BENEFITS, end of year            $ 9,752,578






The  accompanying  notes  are  an  integral  part  of  this  financial
statement.

                          BAIRNCO CORPORATION
                     401(k) SAVINGS PLAN AND TRUST
                     NOTES TO FINANCIAL STATEMENTS
                      DECEMBER 31, 1999 AND 1998


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 ("Bairnco" or the "Corporation") at
its offices in Lake Mary, Florida.

General

     Bairnco established the Plan effective July 1, 1991.  The Plan is
a defined contribution plan under which all full-time employees become
eligible  for  participation on the first day of the  month  following
completion  of  thirty  days of service.   Once  an  employee  becomes
eligible  for  participation,  salary  deferrals  (contributions)  may
commence  on  any  subsequent  date.  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
Department  of  Labor's  Rules  and  Regulations  for  Reporting   and
Disclosure under the Employee Retirement Income Security Act  of  1974
("ERISA").

     Effective  October 31, 1998, Bairnco purchased MII International,
Inc.  ("MII").   On  December 11, 1998, Bairnco's Board  of  Directors
elected  to  merge  the  MII  401(k)  plan  into  the  Plan  effective
January   1,  1999,  at  which  time  the  employees  of   MII   began
participating  in  the Plan.  In February 1999, the  MII  401(k)  plan
assets  were  transferred to the Plan, resulting  in  an  increase  of
investments by $2,264,987.

Contributions

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

       Participant  Contributions  - The  participants  may  elect  to
       defer  a  minimum of 1 percent and a maximum of 20  percent  of
       compensation,  as  defined in the Plan, not to  exceed  $10,000
       for  1999.   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).

       Employer  Contributions  -  The  Corporation  does  not   match
       elective deferrals pursuant to the Plan.

Participant Accounts

     Each  participant's  account is credited with  the  participant's
contribution and allocations of Plan earnings or losses,  and  charged
with  an allocation of administrative expenses.  Allocations are based
on  participant account balances, as defined in the Plan.  The benefit
to  which a participant is entitled is the amount that can be provided
from the participant's vested 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.

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

      An  active participant may borrow from his/her account 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  percent  of  the
participant's account balance.

     Loan transactions are treated as transfers between the investment
fund  and 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 the prime rate at the time of  borrowing
plus  2 percent.  During 1999, interest rates ranged from 9.75 percent
to  10.5  percent.  Principal and interest are paid quarterly  through
payroll  deductions.  As of December 31, 1999 and 1998, there were  84
and 61 loans outstanding, respectively.

2.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:

Use of Estimates

      The  preparation  of  financial statements  in  conformity  with
generally accepted accounting principles requires management  to  make
estimates  and assumptions that affect the reported amounts of  assets
and liabilities and disclosure of contingent assets and liabilities at
the  date  of  the  financial statements and the reported  amounts  of
additions to and deductions from the net assets available for benefits
during  the reporting period.  Actual results could differ from  those
estimates.

Basis Of Accounting

     For  the year ended December 31, 1999, the accounting records  of
the  Plan  and the Plan's assets were maintained by Schwab  Retirement
Plan  Services,  Inc. ("Schwab"), a subsidiary of the  Charles  Schwab
Corporation. The participants' account balances are determined on  the
cash  basis  of  accounting; however, the Plan's financial  statements
contained herein are presented on the 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 market value.

     Any    unrealized   appreciation/depreciation   on    investments
represents the difference between fair market value of investments  at
the  beginning of the Plan year or when acquired, whichever is  later,
and the fair market value of investments at the end of the Plan year.

     Interest income is recognized on the accrual basis of accounting.

Administrative Expenses

      Certain administrative expenses of the Plan are paid directly by
Bairnco  on  behalf of the Plan.  During the year ended  December  31,
1999, Bairnco paid administrative expenses of approximately $22,400.

Benefit Payments

     Benefits are recorded when paid.

New Accounting Pronouncement

     The Accounting Standards Executive Committee issued Statement of
Position 99-3, "Accounting For and Reporting of Certain Defined
Contribution Plan Investments and Other Disclosure Matters" (SOP 99-
3), which eliminates the requirement for a defined contribution plan
to disclose participant-directed investment options.  SOP 99-3 was
adopted for the 1999 financial statements and, as such, the 1998
financial statements have been reclassified to eliminate the
participant-directed investment option disclosures.

3.   INVESTMENTS:

     There   are   currently  eight  investment  options  into   which
participants may direct the investment of their accounts.   These  are
Invesco  Strategic Technology Fund, Founders Growth Fund, Schwab  1000
Equity  Fund,  Strong  Government Securities Fund,  Schwab  Retirement
Money  Fund, Neuberger & Berman Partners Fund and Neuberger  &  Berman
Guardian   Fund  (collectively  the  "mutual  funds"),   and   Bairnco
Corporation  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   eight   investment  options  in  increments  of   5   percent.
Participants  are  permitted  to modify  their  elections  for  future
deferrals and existing account balances between investment funds on  a
daily basis.

Investments that represent 5 percent or more of the Plan's net assets
available for benefits, as of December 31, 1999 and 1998, are as
follows:
                                                 December 31,
                                             1999            1998
Invesco Strategic Technology Fund         $1,619,941      $  476,615
Founders Growth Fund                       1,950,554         844,891
Schwab 1000 Equity Fund                    3,399,751       2,379,812
Strong Government Securities Fund            730,935         758,197
Schwab Retirement Money Fund                 826,741         637,965

During 1999, the Plan's investments (including gains and losses on
investments bought, sold and held during the year) appreciated in
value $1,518,546, as follows:

                                                Amount

     Mutual Funds                             $1,544,469
     Bairnco Corporation Common Stock Fund       (25,923)
                                              $1,518,546

4.   TRUST AGREEMENT:

Schwab  is the Plan's Trustee pursuant to the Plan document  which  is
signed  by the Corporation and Plan Trustee.  Schwab manages the  Plan
assets  and  makes distributions to participants as  directed  by  the
Administrative    Committee   of   the    Corporation    (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.  During 1999,
all investment managers' fees were paid directly by the Plan.

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.

6.   TRANSACTIONS WITH PARTIES IN INTEREST:

     Under   ERISA,   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  as
the  Plan's  sponsor,  Schwab, as Plan  Trustee,  and  any  person  or
corporation  which  renders services to the Plan.   Certain  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
and  are  not  included  in  the  accompanying  financial  statements.
Additional fees paid by the Plan during 1999 for services rendered  by
parties in interest were based on rates which the Plan's Administrator
believes were customary and reasonable.

7.   INCOME TAX STATUS:

     The  Plan  obtained its latest determination letter on April  29,
1997,  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.  The plan administrator and legal  counsel
believe  that the Plan is currently being operated in compliance  with
the applicable requirements of the Internal Revenue Code.

8.   SUPPLEMENTAL SCHEDULES:

Supplemental Schedule I lists the reportable transactions of the  Plan
for the year ended December 31, 1999.  Purchases and sales are made at
fair market value on the date of transaction.

Supplemental Schedule II lists the Plan assets held for investment  as
of December 31, 1999.

Supplemental Schedule III lists transactions with parties in  interest
of the Plan for the year ended December 31, 1999.

                                                            SCHEDULE I

                          BAIRNCO CORPORATION
                     401(k) SAVINGS PLAN AND TRUST
                  SCHEDULE OF REPORTABLE TRANSACTIONS
                 FOR THE YEAR ENDED DECEMBER 31, 1999




Series of Transactions in excess
of 5 percent of the fair value                                       Sales
of plan assets at the beginning               Sales       Sales      Gain
of the year                       Purchases   Cost        Proceeds   (Loss)

Invesco Strategic Technology Fund $  656,092  $  241,226  $  318,299 $ 77,073
Founders Growth Fund               2,045,901   1,106,940   1,189,156   82,216
Schwab 1000 Equity Fund            1,554,323     842,662   1,100,007  257,345
Strong Government Securities Fund    374,849     358,821     354,485   (4,336)
Schwab Retirement Money Fund       1,120,240     931,464     931,464      --
Neuberger & Berman Guardian Fund     239,401     116,212     115,356     (856)
Participant Notes Receivable         399,098     109,692     109,692      --


Individual Transactions in excess
of 5 percent of the fair value
of plan assets at the beginning
of the year

Founders Growth Fund              $1,089,174  $  344,258  $  381,956 $ 37,698
Schwab 1000 Equity Fund              708,012     233,313     254,883   21,570
Schwab Retirement Money Fund         639,820     300,000     300,000      --





The preceding notes are an integral part of this schedule.

                                                           SCHEDULE II

                          BAIRNCO CORPORATION
                     401(k) SAVINGS PLAN AND TRUST
                SCHEDULE OF ASSETS HELD FOR INVESTMENT
                        AS OF DECEMBER 31, 1999


                                          Fair Market
Description                               Value (Note 2)     Cost

Bairnco Corporation Common Stock Fund:
 Schwab Money Market Fund                 $      764         $      764
 Bairnco Corporation Common Stock            178,668            192,439
   Total Bairnco Corporation
    Common Stock Fund                        179,432            193,203

Mutual Funds:
 Invesco Strategic Technology Fund         1,619,941            833,908
 Founders Growth Fund                      1,950,554          1,699,924
 Schwab 1000 Equity Fund                   3,399,751          2,232,997
 Strong Government Securities Fund           730,935            757,985
 Schwab Retirement Money Fund                826,741            826,741
 Neuberger & Berman Partners Fund             61,778             69,167
 Neuberger & Berman Guardian Fund            108,507            130,681
   Total Mutual Funds                      8,698,207          6,551,403

Other Investments:
 Participant Notes Receivable                482,552            482,552

   Total                                  $9,360,191         $7,227,158




The preceding notes are an integral part of this schedule.

                                                          SCHEDULE III

                          BAIRNCO CORPORATION
                     401(k) SAVINGS PLAN AND TRUST
           SCHEDULE OF TRANSACTIONS WITH PARTIES IN INTEREST
                 FOR THE YEAR ENDED DECEMBER 31, 1999


Description                                              Amount


Sold 10,438.924 units of Bairnco Corporation Common
  Stock between $2.435 and $7.50 per unit                $   71,714


Purchased 13,051.924 units of Bairnco Corporation Common
  Stock  between $5.0599 and $7.9239 per  unit           $   82,755







The preceding 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 10, 2000                      By: /s/ JAMES W. LAMBERT
                                              JAMES W. LAMBERT
                                              Administrative Committee Member