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 March 31, 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 ______

         3,447,515 common shares were outstanding as of April 30, 1997.
     2,446,937 Class B common shares were outstanding as of April 30, 1997.
<PAGE>
               KNAPE & VOGT MANUFACTURING COMPANY AND SUBSIDIARIES

                                      INDEX

                                                                        Page No.
PART I   FINANCIAL INFORMATION

 Item 1. Financial Statements

         Condensed Consolidated Balance Sheets (Unaudited)
         --March 31, 1997 and June 30, 1996...................................2

         Condensed Consolidated Statements of Income (Unaudited)
         --Nine Months and Three Months Ended March 31, 1997 and 1996.........3

         Condensed Consolidated Statements of Cash Flows (Unaudited)
         --Nine Months Ended March 31, 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................................6-8

PART II  OTHER INFORMATION

 Item 6. Exhibits and Reports on Form 8-K.....................................9

SIGNATURES...................................................................10




                                        1
<PAGE>
<TABLE>
<CAPTION>
               KNAPE & VOGT MANUFACTURING COMPANY AND SUBSIDIARIES

                          PART I. FINANCIAL INFORMATION

                      CONDENSED CONSOLIDATED BALANCE SHEETS
                                   (Unaudited)

                                                                       March 31, 1997          June 30, 1996
                                                                       ---------------         -------------
<S>                                                                    <C>                     <C>
Assets
         Cash and equivalents ......................................   $     304,060           $     244,271
         Accounts receivable - net .................................      28,060,396              22,763,645
         Refundable income taxes ...................................       1,379,812               1,860,191
         Inventories ...............................................      23,040,347              23,016,541
         Other current assets ......................................       2,864,037               3,058,021
         Net current assets of discontinued operation ..............       1,044,167               1,790,740
                                                                       -------------           -------------
                  Total current assets .............................      56,692,819              52,733,409
                                                                       -------------           -------------

         Property, plant and equipment .............................      79,553,870              82,129,435
         Less accumulated depreciation .............................      32,395,262              31,747,827
                                                                       -------------           -------------
                  Net property, plant and equipment ................      47,158,608              50,381,608
                                                                       -------------           -------------

         Net property, plant and equipment of discontinued operation       1,534,540               1,775,225
         Other assets ..............................................      24,058,659              24,334,917
                                                                       -------------           -------------

                                                                       $ 129,444,626           $ 129,225,159
                                                                       =============           =============

Liabilities and Stockholders' Equity
         Accounts payable ..........................................   $   5,592,162           $   4,825,372
         Other accrued liabilities .................................       6,431,677               8,372,046
                                                                       -------------           -------------
                  Total current liabilities ........................      12,023,839              13,197,418

         Long-term debt ............................................      33,800,000              35,000,000
         Deferred income taxes and other long-term liabilities .....      11,559,341              11,853,991
                                                                       -------------           -------------
                  Total liabilities ................................      57,383,180              60,051,409
                                                                       -------------           -------------

Stockholders' equity
         Common stock ..............................................      11,780,904              11,762,138
         Additional paid-in capital ................................      33,181,131              33,080,087
         Foreign currency translation adjustment ...................      (1,392,791)             (1,211,286)
         Retained earnings .........................................      28,492,202              25,542,811
                                                                       -------------           -------------
                  Total stockholders' equity .......................      72,061,446              69,173,750
                                                                       -------------           -------------

                                                                       $ 129,444,626           $ 129,225,159
                                                                       =============           =============
</TABLE>
See accompanying notes.

                                        2
<PAGE>
<TABLE>
<CAPTION>
               KNAPE & VOGT MANUFACTURING COMPANY AND SUBSIDIARIES

                   CONDENSED CONSOLIDATED STATEMENTS OF INCOME
                                   (Unaudited)

                                             Nine Months Ended                Three Months Ended
                                       Mar. 31, 1997    Mar. 31, 1996   Mar. 31, 1997    Mar. 31, 1996
                                       -------------    -------------   -------------    -------------
<S>                                    <C>              <C>             <C>              <C>
Net sales ..........................   $ 132,675,931    $ 122,739,813   $  46,072,548    $  44,813,408

Cost of sales ......................      99,406,928       93,175,541      34,615,069       33,817,731
                                       -------------    -------------   -------------    -------------

Gross profit .......................      33,269,003       29,564,272      11,457,479       10,995,677

Selling and administrative expenses       21,493,160       20,287,204       7,284,146        7,175,191

Restructuring charges ..............         373,235                0         373,235                0
                                      --------------    -------------   -------------    -------------

Operating income ...................      11,402,608        9,277,068       3,800,098        3,820,486

Other expenses .....................       1,631,869        1,942,067         542,679          624,526
                                       -------------    -------------   -------------    -------------

Income from continuing operations
   before income taxes .............       9,770,739        7,335,001       3,257,419        3,195,960

Income taxes - continuing operations       3,548,000        2,721,000       1,196,000        1,155,000
                                       -------------    -------------   -------------    -------------

Income from continuing operations ..       6,222,739        4,614,001       2,061,419        2,040,960

Income (loss) from discontinued
   operation, net of taxes .........        (471,624)          52,294        (471,624)          57,877
                                       -------------    -------------   -------------    -------------

Net income .........................   $   5,751,115    $   4,666,295   $   1,589,795    $   2,098,837
                                       =============    =============   =============    =============

Per common share:

Income from continuing operations      $        1.06    $         .78   $         .35    $         .34
Income from discontinued operation              (.08)             .01            (.08)             .01
                                       --------------   -------------   -------------    -------------
Net Income                             $         .98    $         .79   $         .27    $         .35
                                       ==============   =============   =============    =============

Cash Dividend - Common stock           $        .495    $        .495   $        .165    $        .165

Cash Dividend - Class B common stock   $         .45    $         .45   $         .15    $         .15

Weighted average shares outstanding        5,891,202        5,883,594       5,901,382        5,883,099

</TABLE>
See accompanying notes.

                                        3
<PAGE>
<TABLE>
<CAPTION>
               KNAPE & VOGT MANUFACTURING COMPANY AND SUBSIDIARIES

                 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (Unaudited)

                                                            Nine Months Ended
                                                      Mar. 31, 1997   Mar. 31, 1996
                                                      -------------   -------------
<S>                                                   <C>            <C>
Operating Activities:
     Net income ...................................   $ 5,751,115    $ 4,666,295
     Non-cash items:
         Depreciation and amortization ............     5,800,839      5,374,372
         Deferred income taxes ....................        10,000        264,000
         Other long-term liabilities ..............      (303,220)      (327,445)
         Changes in operating assets & liabilities:
              Accounts receivable .................    (5,331,826)    (1,578,591)
              Inventories .........................       (45,218)       (94,749)
              Net assets of discontinued operation        903,026        244,551
              Other current assets ................       668,977       (359,452)
              Accounts payable & accrued expenses .    (1,156,226)       406,081
                                                      -----------    -----------
Net cash from operating activities ................     6,297,467      8,595,062
                                                      -----------    -----------

Investing Activities:
     Additions to property and equipment ..........    (5,044,891)    (5,584,989)
     Sale of property and equipment ...............     3,345,678        109,771
     Payments for other assets ....................      (645,988)    (1,125,822)
                                                      -----------    -----------
Net cash for investing activities .................    (2,345,201)    (6,601,040)
                                                      -----------    -----------

Financing Activities:
     Proceeds from issuance of common stock .......       119,810         16,624
     Additions to long-term debt ..................             0        900,000
     Payments on long-term debt ...................    (1,200,000)             0
     Cash dividends paid ..........................    (2,801,274)    (2,795,366)
                                                      -----------    -----------
Net cash for financing activities .................    (3,881,914)    (1,878,742)
                                                      -----------    -----------

Effect of Exchange Rate Changes on Cash ...........       (10,563)        11,777
                                                      -----------    -----------

Net Decrease in Cash & Equivalents ................        59,789        127,057

Cash and Equivalents:
         Beginning of year ........................       244,271        534,280
                                                      -----------    -----------
         End of period ............................   $   304,060    $   661,337
                                                      ===========    ===========

Cash Paid During the Period    - interest             $ 1,529,813    $ 1,183,989
                               - income taxes         $ 2,775,148    $ 1,310,585
</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,  1996,  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 1996 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:  3,443,515 of common stock;
2,446,937 of Class B stock at March 31, 1997;  and 3,327,918 of common stock and
2,553,151 of Class B common stock at June 30, 1996.

Note 3 - Inventories

Inventories  are  valued  at the  lower of FIFO  (first-in,  first-out)  cost or
market. Inventories are summarized as follows:
<TABLE>
                             Mar. 31, 1997             June 30, 1996
                             -------------             -------------
<S>                          <C>                       <C>
Finished products            $   13,885,693            $   13,189,032
Work in process                   1,738,736                 2,665,754
Raw materials                     7,415,918                 7,161,755
                             --------------            --------------

Total                        $   23,040,347            $   23,016,541
                             ==============            ==============
</TABLE>

                                        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
which  include  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.

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 nine month and three month  periods
ended March 31, 1997 and 1996:
<TABLE>
                                 Nine Months ended March 31,                          Three Months ended March 31,
                              1997                      1996                       1997                          1996
                              ----                      ----                       ----                          ----
<S>                      <C>           <C>         <C>           <C>          <C>             <C>           <C>           <C>
Shelving systems          $ 61.8        46.6%      $  60.7        49.5%       $   21.1         45.8%        $  21.0        46.9%
Drawer slides               46.3        34.9%         38.9        31.7%           16.2         35.1%           15.7        35.0%
Hardware                    21.6        16.3%         20.8        17.0%            7.5         16.3%            7.3        16.3%
Furniture components         3.0         2.2%          2.3         1.8%            1.3          2.8%            0.8         1.8%
                          ------       ------      -------       ------        -------        ------        -------       ------

Total                   $  132.7       100.0%       $122.7       100.0%       $   46.1        100.0%        $  44.8       100.0%
                          ======       ======       ======       ======        =======        ======        =======       ======
</TABLE>
Net sales for the nine months and third  quarter of fiscal  year 1997  increased
$10.0  million,  or 8.1%,  and $1.3  million,  or 2.8%,  respectively,  over the
comparable  periods of fiscal year 1996. The product  category of shelving sales
was flat for the quarter.  Sales of wall mounted  shelving  increased during the
quarter due to the addition of two new  customers.  Free standing metal shelving
sales were flat and Space Solutions  (wood storage  products) sales declined due
to a slow  down in  orders  from a major  customer.  Both  free  standing  metal
shelving  and Space  Solutions  are  manufactured  by Hirsh.  Drawer slide sales
increased  $.5 million for the quarter due to increases in the sale of precision
drawer slides.  Hardware  product line sales increased during the quarter by $.2
million from last year, due to increased  sales of kitchen and bath products for
the consumer market by Feeny. Furniture component sales from the company's Modar
subsidiary increased during the quarter. Modar was sold on March 28, 1997.

For the  remainder of fiscal year 1997  management  believes the positive  sales
trends of the past three quarters will continue and anticipates approximately an
8 percent  growth in sales for the twelve  months  ended June 30, 1997  compared
with last year.

Costs and Expenses

Cost of sales was 74.9% of sales for the first  nine  months  and 75.1% of sales
for the third  quarter of fiscal year 1997  compared to 75.9% and 75.5% of sales
for the first nine months and third  quarter of fiscal year 1996,  respectively.
The cost of sales for the third quarter was higher than the year-to-date cost of
sales due to a decline in production  efficiencies  caused by the parent company
in Grand  Rapids  adding  over forty  direct  labor  employees  in  January  and
February.  In March the new  employees  were fully trained and the cost of sales
returned to normal levels.

Selling  and  administrative  expenses  for the nine  months were 16.2% of sales
compared  to 16.5%  for the same  period  last  year and for the  third  quarter
decreased  to 15.8% of sales from  16.0% for the same  quarter  last  year.  The
decrease as a percentage of sales for the quarter was mainly due to decreases in
administrative expenses, primarily reduced bad debt expense.

                                        6
<PAGE>
               KNAPE & VOGT MANUFACTURING COMPANY AND SUBSIDIARIES

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

The  restructuring  charge of $373,235  represents  the  difference  between the
original  estimate  and the actual loss from the  decision  to sell Modar,  Inc.
Modar  was  sold on  March  28,  1997 to  Preferred  Fixture,  Inc.  located  in
Glastonbury,  Connecticut.  The  after-tax  effect  of the  sale  was a loss  of
$246,235 or $.04 per share.

Other Expenses

Interest  expense was $497,603 for the quarter  ended March 31, 1997 compared to
$541,685  for the quarter  ended March 31,  1996.  The decrease was due to lower
borrowing levels and lower interest rates.  Interest expense for the nine months
ended March 31, 1997 was $1,518,791 compared to $1,723,981 last year.

Income Taxes

The effective tax rate for the nine months and quarter ended March 31, 1997, was
36.3% and 36.7%  compared  to 37.1% and 36.1% for the nine  months  and  quarter
ended March 31, 1996.  The effective  tax rates are slightly  lower for the nine
months ended March 31, 1997 due to foreign and state tax rates.

Income from Continuing Operations

Income from  continuing  operations was $6,222,739 for the first nine months and
$2,061,419  for the third  quarter of 1997.  Earnings per share from  continuing
operations  for the nine months  increased  35.9% to $1.06 compared to $.78 last
year and income per share for the quarter rose 2.9% to $.35  compared to $.34 in
the third quarter of last year.

Fiscal year 1997 income from  continuing  operations  for the third  quarter and
nine months  includes a non-recurring  after-tax  charge of $246,235 or $.04 per
share for restructuring charges pertaining to the sale of Modar.

Loss from Discontinued Operation

The  company  recorded a loss of  $471,624  or $.08 per share from  discontinued
operation,  which is an  adjustment  to the  estimated  provision  for operating
losses of Roll-it  through  fiscal year 1997. The adjustment was necessary as it
became evident in the third quarter that  Roll-it's  sales for the year would be
less than the level forecasted in recording the original estimated provision for
operating  losses  through  fiscal year 1997.  The lower than expected  sales is
primarily  attributable  to less than  forecasted  orders from  Roll-it's  major
customer. Income or loss attributable to Roll-it's operations beyond fiscal year
1997  through  the  date of the  sale  will be  reflected  as  incurred  in each
reporting period. For the third quarter of last year the discontinued  operation
had income of $57,877 or $.01 per share.  Knape & Vogt 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. Although it is difficult to predict,  the company expects to
sell Roll-it during fiscal year 1998.

Net Income

Net  income of  $5,751,115  for the nine  months was 4.3% of sales  compared  to
$4,666,295 for the first nine months last year which was 3.8% of sales.  For the
quarter  ended March 31, 1997 net income was  $1,589,795  compared to $2,098,837
for the third quarter of last year.

Net income for the third quarter and nine months  includes the after-tax  charge
of  $246,235  or $.04 per  share to record  the sale of Modar and the  charge of
$471,624 or $.08 per share for an  adjustment  to the  estimated  provision  for
operating losses of Roll-it through fiscal year 1997.

                                        7
<PAGE>
               KNAPE & VOGT MANUFACTURING COMPANY AND SUBSIDIARIES

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

Liquidity and Capital Resources

Cash  provided by  operating  activities  totaled  $6,297,467  in the first nine
months.  Increases  in  accounts  receivable  were due to  higher  sales  and an
increase in days sales outstanding. The decrease in accounts payable and accrued
expenses is due mainly to the sale of Modar.

Proceeds from the sale of Modar were recorded in investing activities under sale
of property and equipment.

Capital  expenditures  were $5,044,891 for the nine months ended March 31, 1997.
The Company is currently forecasting capital expenditures to be approximately $7
million for the fiscal year.  The Company had total debt of $33,800,000 at March
31, 1997, a decrease of $1,200,000  from total debt of  $35,000,000  at June 30,
1996.  It is  estimated  that debt levels will  continue to decrease  during the
fourth quarter of the fiscal year.  Anticipated  cash flow from  operations will
adequately fund working capital, capital expenditures and dividend payments.






                                       8
<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 March 31, 1997.






                                        9
<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:    May 14, 1997                         /s/ Allan E. Perry
                                              Allan E. Perry
                                              President and
                                              Chief Executive Officer

Date:    May 14, 1997                         /s/ Richard C. Simkins
                                              Richard C. Simkins
                                              Executive Vice President, CFO,
                                              Secretary and Treasurer






                                       10
<PAGE>