UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 10-Q

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

                For the Quarterly Period Ended September 30, 1997

                                       OR

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


   For the Transition Period From ____________________To ____________________

                         Commission File Number 2-18868

                       KNAPE & VOGT MANUFACTURING COMPANY
             (Exact name of registrant as specified in its charter)

       Michigan                                          38-0722920
(State of Incorporation)                       (IRS Employer Identification No.)

     2700 Oak Industrial Drive, NE
         Grand Rapids, Michigan                             49505
(Address of principal executive offices)                  (Zip Code)

                                 (616) 459-3311
                               (Telephone Number)

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 ______

     3,472,766 common shares were outstanding as of October 31, 1997.
     2,437,180 Class B common shares were outstanding as of October 31, 1997.
<PAGE>
               KNAPE & VOGT MANUFACTURING COMPANY AND SUBSIDIARIES

                                      INDEX

                                                                        Page No.

PART I FINANCIAL INFORMATION

Item 1.    Financial Statements.

Condensed Consolidated Balance Sheets (Unaudited)
--September 30, 1997 and June 30, 1997.........................................2

Condensed Consolidated Statements of Income (Unaudited)
--Three Months Ended September 30, 1997 and 1996...............................3

Condensed Consolidated Statements of Cash Flows (Unaudited)
--Three Months Ended September 30, 1997 and 1996...............................4

Notes to Condensed Consolidated Financial Statements (Unaudited)...............5

Item 2. Management's Discussion and Analysis of Financial
Condition and Results of Operations..........................................6-7

PART II OTHER INFORMATION

Item 6. Exhibits and Reports on Form 8-K.......................................8

SIGNATURES.....................................................................9




                                        1
<PAGE>
               KNAPE & VOGT MANUFACTURING COMPANY AND SUBSIDIARIES

                          PART I. FINANCIAL INFORMATION

                      CONDENSED CONSOLIDATED BALANCE SHEETS
                                   (Unaudited)
<TABLE>
                                                                      September 30, 1997       June 30, 1997
<S>                                                                    <C>                     <C>
Assets
         Cash and equivalents ......................................   $     445,081           $   1,146,546
         Accounts receivable - net .................................      26,456,187              24,991,341
         Refundable income taxes ...................................       1,531,013               1,578,681
         Inventories ...............................................      19,260,206              18,629,454
         Other current assets ......................................       3,141,546               3,686,042
         Net current assets of discontinued operation ..............       1,794,545               1,462,089
                                                                       -------------           -------------
                  Total current assets .............................      52,628,578              51,494,153
                                                                       -------------           -------------
         Property, plant and equipment .............................      81,986,874              80,771,246
         Less accumulated depreciation .............................      33,730,760              32,184,444
                                                                       -------------           -------------
                  Net property, plant and equipment ................      48,256,114              48,586,802
                                                                       -------------           -------------
         Net property, plant and equipment of discontinued operation       1,410,676               1,440,740
         Other assets ..............................................      23,091,215              24,220,003
                                                                       -------------           -------------
                                                                       $ 125,386,583           $ 125,741,698
                                                                       =============           =============
Liabilities and Stockholders' Equity
         Accounts payable ..........................................   $   9,967,730           $   5,976,683
         Other accrued liabilities .................................       6,649,509               6,251,436
                                                                       -------------           -------------
                  Total current liabilities ........................      16,617,239              12,228,119
                                                                       -------------           -------------
         Long-term debt ............................................      22,400,000              29,000,000
         Deferred income taxes and other long-term liabilities .....      11,134,892              11,053,081
                                                                       -------------           -------------
                  Total liabilities ................................      50,152,131              52,281,200
                                                                       -------------           -------------
Stockholders' Equity
         Common stock ..............................................      11,814,036              11,807,658
         Additional paid-in capital ................................      33,379,759              33,340,541
         Foreign currency translation adjustment ...................      (1,350,501)             (1,345,978)
         Retained earnings .........................................      31,391,158              29,658,277
                                                                       -------------           -------------
                  Total stockholders' equity .......................      75,234,452              73,460,498
                                                                       -------------           -------------
                                                                       $ 125,386,583           $ 125,741,698
                                                                       =============           =============
</TABLE>
See accompanying notes.


                                        2
<PAGE>
               KNAPE & VOGT MANUFACTURING COMPANY AND SUBSIDIARIES

                   CONDENSED CONSOLIDATED STATEMENTS OF INCOME
                                   (Unaudited)

<TABLE>
                                                      Three Months Ended
                                             Sept. 30, 1997       Sept. 30, 1996
<S>                                           <C>                    <C>
Net sales .................................   $44,658,302            $44,848,318
Cost of sales .............................    33,154,397             33,366,959
                                              -----------           ------------
Gross profit ..............................    11,503,905             11,481,359
Selling and administrative expenses .......     7,214,268              7,286,081
                                              -----------           ------------
Operating income ..........................     4,289,637              4,195,278
Other expenses ............................       422,611                534,686
                                              -----------           ------------
Income from continuing operations
   before income taxes ....................     3,867,026              3,660,592
Income taxes - continuing operations ......     1,397,000              1,314,000
                                              -----------           ------------
Income from continuing operations .........     2,470,026              2,346,592
Income from discontinued
   operation, net of taxes ................       200,886                      0
                                              -----------           ------------
Net income ................................   $ 2,670,912            $ 2,346,592
                                              ===========           ============
Per common share:
Income from continuing operations .........   $       .42            $       .40
Income from discontinued operation ........           .03                    .00
                                              -----------           ------------
Net income ................................   $       .45            $       .40
                                              ===========            ===========
Cash dividend - Common stock ..............   $      .165            $      .165
Cash dividend - Class B common stock ......   $       .15            $       .15
Weighted average shares outstanding .......     5,920,965              5,882,280
</TABLE>

See accompanying notes.



                                        3
<PAGE>
               KNAPE & VOGT MANUFACTURING COMPANY AND SUBSIDIARIES

                 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (Unaudited)

<TABLE>
                                                               Three Months Ended
                                                      Sept. 30, 1997        Sept. 30, 1996
<S>                                                    <C>                 <C>
Operating Activities:
     Net income ....................................   $ 2,670,912         $ 2,346,592
     Non-cash items:
         Depreciation and amortization .............     1,876,628           1,850,377
         Deferred income taxes .....................             0             171,000
         Other long-term liabilities ...............        81,845             (98,019)
         Changes in operating assets & liabilities:
              Accounts receivable ..................    (1,418,076)         (3,609,699)
              Inventories ..........................      (630,812)            642,811
              Net assets of discontinued operation .      (304,332)            100,095
              Other current assets .................       544,447              44,643
              Accounts payable & accrued expenses ..     4,389,464             158,147
                                                       -----------         -----------
Net cash provided by operating activities ..........     7,210,076           1,605,947
                                                       -----------         -----------
Investing Activities:
     Additions to property and equipment ...........    (1,217,248)         (1,538,118)
     Sale of property and equipment ................             0                   0
     Payments for other assets .....................       798,787            (177,619)
                                                       -----------         -----------
Net cash used for investing activities .............      (418,461)         (1,715,737)
                                                       -----------         -----------
Financing Activities:
     Proceeds from issuance of common stock ........        45,596              14,238
     Additions to long-term debt ...................             0           1,000,000
     Payments on long-term debt ....................    (6,600,000)                  0
     Cash dividends paid ...........................      (938,031)           (932,200)
                                                       -----------         -----------
Net cash provided by (used for) financing activities    (7,492,435)             82,038
                                                       -----------         -----------
Effect of Exchange Rate Changes on Cash ............          (645)             (1,255)
                                                       -----------         -----------
Net Decrease in Cash & Equivalents .................      (701,465)            (29,007)
Cash and Equivalents:
         Beginning of year .........................     1,146,546             244,271
                                                       -----------         -----------
         End of period .............................   $   445,081         $   215,264
                                                       ===========         ===========
Cash Paid During the Period - interest .............   $   430,445         $   497,329
                            - income taxes .........   $   115,000         $ 1,721,642
</TABLE>

                                        4
<PAGE>
               KNAPE & VOGT MANUFACTURING COMPANY AND SUBSIDIARIES

              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                   (Unaudited)


Note 1 - Basis of Financial Statement Preparation

The  accompanying  unaudited  condensed  consolidated  financial  statements and
related notes have been prepared  pursuant to the rules and  regulations  of the
Security  and  Exchange  Commission.  The  information  furnished  reflects  all
adjustments  which are,  in the  opinion  of  management,  necessary  for a fair
statement  of  results  of  operations.  Interim  results  are  not  necessarily
indicative  of the  results  for  the  year  end  and are  subject  to year  end
adjustments,  and audit by independent public accountants.  The balance sheet at
June 30,  1997,  has been taken from the audited  financial  statements  at that
date. The condensed  consolidated  financial statements and notes should be read
in conjunction with the Company's 1997 annual report.

Note 2 - Common Stock and Per Share Information

Income  per  share is  determined  based on  weighted  average  number of shares
outstanding during each period.

Common  stock  is $2 par - shares  authorized  6,000,000  of  common  stock  and
4,000,000 of Class B common stock. Shares issued:  3,469,838 of common stock and
2,437,180 of Class B stock at September 30, 1997;  and 3,465,664 of common stock
and 2,438,165 of Class B common stock at June 30, 1997.

Note 3 - Inventories

Inventories  are  valued  at the  lower of FIFO  (first-in,  first-out)  cost or
market. Inventories are summarized as follows:
<TABLE>
                                        Sept. 30, 1997             June 30, 1997
                                        --------------             -------------
<S>                                        <C>                       <C>
Finished products                          $11,041,741               $11,219,379
Work in process .                            3,032,904                 1,950,391
Raw materials ...                            5,185,561                 5,459,684

Total ...........                          $19,260,206               $18,629,454
                                           ===========               =========== 
</TABLE>
Note 4 - New Accounting Standards Not Yet Adopted

In February 1997, the Financial  Accounting  Standards  Board (FASB) issued SFAS
No.  128,  Earnings  Per Share.  The  statement  simplifies  the  standards  for
computing  earnings per share (EPS),  and makes them comparable to international
EPS  standards.  The  statement  requires the  presentation  of both "basic" and
"diluted"  EPS on  the  face  of  the  income  statement  with  a  supplementary
reconciliation  of numerators and  denominators  used in the  calculations.  The
statement is effective for financial  statements issued for periods ending after
December  15,  1997,  including  interim  periods;  earlier  application  is not
permitted.  Had the  statement  been required to be  implemented  for the period
presented, the effect would have been insignificant.

Effective for periods  beginning after December 15, 1997, the Company must adopt
Statement of Financial  Accounting  Standards No. 130, "Reporting  Comprehensive
Income" and No. 131,  "Disclosures  about  Segments of an Enterprise and Related
Information." No. 130 will require the Company to report comprehensive income as
part of the consolidated financial statements.  No. 131 will require the company
to report  certain  information  about  operating  segments in the  consolidated
financial  statements.  The Company is currently  evaluating  the  provisions of
these statements to determine their impact.


                                        5
<PAGE>
               KNAPE & VOGT MANUFACTURING COMPANY AND SUBSIDIARIES

                     MANAGEMENT'S DISCUSSION AND ANALYSIS OF
                  FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Certain  matters  discussed in this section include  forward-looking  statements
involving  risks  and  uncertainties  including  but not  limited  to  economic,
competitive,  governmental  and  technological  factors  affecting  Knape & Vogt
Manufacturing  Company's  operations,  markets,  products,  services and prices.
Readers  are  cautioned  not to place undue  reliance  on those  forward-looking
statements which speak only as of the date of this report.

RESULTS OF OPERATIONS

Net Sales

The following  table  indicates the Company's sales (in millions) and percentage
of total sales by product category for the three months ended September 30, 1997
and 1996:
<TABLE>
                            Three Months ended September 30,
                              1997                   1996
<S>                        <C>            <C>     <C>        <C>      
Shelving systems ...       $  21.7        48.6%   $  22.4    50.0%
Drawer slides ......          15.7        35.1%      15.1    33.7%
Hardware ...........           7.3        16.3%       6.4    14.3%
Furniture components           0.0         0.0%       0.9     2.0%
                              
Total ..............       $  44.7       100.0%   $  44.8   100.0%
                           =======       ======   =======   ======        
</TABLE>
Net sales for the first quarter of fiscal 1998 decreased $0.1 million,  or 0.4%,
over the  comparable  period of fiscal  1997.  The product  category of shelving
sales  decreased  by $0.7  million,  or 3.1%,  compared to the first  quarter of
fiscal 1997 primarily due to a decline in sales of Hirsh free-standing  shelving
products from a consolidation of two major home centers and a non-repeated  sale
to a major warehouse club that occurred in the first quarter of fiscal 1997. The
Company  expects the shelving  system  product group to rebound,  due in part to
Hirsh's recent addition of two national retail  customers for its  free-standing
shelving products. Initial sales to these new accounts are scheduled to begin in
the second  quarter with ramp-up  continuing  in the second half of fiscal 1998.
Drawer slide sales  increased by $0.6 million,  or 4.0%.  The increase in drawer
slide sales was primarily  due to continued  market share gains by the Company's
precision  and  Euro-style  drawer  slides.  Precision  drawer  slide  sales are
expected to continue  to  increase as the Company has begun to  manufacture  its
first precision drawer slides for the metal office furniture market. The Company
expects continued  production ramp-up throughout the remainder of fiscal 1998 to
address this new market.  Hardware  sales  increased by $0.9 million,  or 14.1%,
compared to the first  quarter of fiscal 1997 due to strong sales of kitchen and
bath storage  products  manufactured  by Feeny.  Furniture  component sales were
eliminated with the sale of Moda at the end of the third quarter of fiscal 1997.

Costs and Expenses

Cost of sales was 74.2% of sales for the quarter  compared to 74.4% of sales for
the first quarter of fiscal 1997.  The  reduction of cost of sales  reflects the
Company's  continued  efforts to  consolidate  redundant  operations and improve
efficiencies.

Selling and administrative  expenses remained constant at 16.2% of sales for the
quarters ended September 30, 1997 and 1996.

Other Expenses

Interest  expense was $409,191 for the current quarter  compared to $503,307 for
the  quarter  ended  September  30,  1996.  The Company has reduced its level of
borrowing to $22,400,000 at September 30, 1997 from $36,000,000 at September 30,
1996. 

                                        6
<PAGE>
               KNAPE & VOGT MANUFACTURING COMPANY AND SUBSIDIARIES

                     MANAGEMENT'S DISCUSSION AND ANALYSIS OF
                  FINANCIAL CONDITION AND RESULTS OF OPERATIONS
                                   (Continued)

Income Taxes

The  effective  tax rate for the quarter  ended  September  30,  1997,  remained
relatively  constant  at  36.1%  as  compared  to 35.9%  for the  quarter  ended
September 30, 1996.

Income from Continuing Operations

Income from continuing  operations of $2,470,026 for the first quarter of fiscal
1998 was a first quarter record.  Earnings per share from continuing  operations
increased 5.0% to $.42 compared to $.40 in the first quarter of last year.

Income from Discontinued Operation

Income from discontinued operation for the first quarter of 1998 was $200,886 or
$.03 per share.  The quarter  ended  September  30,  1996,  does not include any
income, or loss, recorded on the discontinued operation as the estimated loss on
discontinued  operation  recorded at June 30,  1996,  included a  provision  for
fiscal 1997 anticipated  operating losses. In accordance with Generally Accepted
Accounting Principles, income or loss attributable to the discontinued operation
subsequent to June 30, 1997, is reflected as incurred.

The  Company  has been  seeking a buyer for  Roll-it and has engaged the firm of
J.J.B.  Hilliard,  W.L. Lyons,  Inc. to assist in the sale.  Several  interested
buyers have signed confidentiality  agreements with the Company.  Although it is
difficult to predict, the Company expects to sell Roll-it during fiscal 1998.

Net Income

Net  income  for the  quarter  of  $2,670,912,  was  6.0% of sales  compared  to
$2,346,592,  for the first  quarter  of last year  which was 5.2% of sales.  Net
income per share  increased  by 12.5% to $0.45  compared  to $0.40 for the first
quarter of fiscal 1997.

Liquidity and Capital Resources

Net cash from  operating  activities  for the  quarter  provided  $7,210,076  as
compared to $1,605,947 for the first quarter of fiscal 1997.  Accounts payable &
accrued  expenses  increased  by  $4,389,464  in the first  quarter of this year
compared  to  $158,147  in the  first  quarter  of  last  year.  Also,  accounts
receivable  increased  only  $1,418,076  in the first  quarter  of  fiscal  1998
compared to $3,609,699 in the first quarter of fiscal 1997.  These  improvements
in liquidity are a direct result of the Company's focus on cash management.

Capital expenditures totaled $1,217,248 for the three months ended September 30,
1997, compared to $1,538,118 last year. Capital expenditures for the fiscal year
are expected to be at approximately the same levels as last year. Long-term debt
decreased $6,600,000 due to the cash provided from operating activities.  In the
remainder of the year,  the Company  will  continue to  aggressively  attempt to
generate cash using the newly adopted Economic Value Added, or EVA,  philosophy.
Anticipated cash flow from operations will  substantially  fund working capital,
capital expenditures and dividend payments.

                                        7
<PAGE>
               KNAPE & VOGT MANUFACTURING COMPANY AND SUBSIDIARIES

                           PART II. OTHER INFORMATION


Item 6. Exhibits and reports on Form 8-K

     (a) Exhibits - None

     (b) Reports on Form 8-K
     There  were no  reports  on Form  8-K  filed  for the  three  months  ended
     September 30, 1997.


                                       8
<PAGE>
                                   SIGNATURES


Pursuant  to the  requirements  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.



                                              Knape & Vogt Manufacturing Company
                                                        (Registrant)





Date: November 12, 1997                        /s/ Allan E. Perry
                                               Allan E. Perry
                                               President and
                                               Chief Executive Officer

Date: November 12, 1997                        /s/ Richard C. Simkins
                                               Richard C. Simkins
                                               Executive Vice President, CFO,
                                               Secretary and Treasurer






                                        9