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 29, 2001

                                       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 ______

        2,271,717 common shares were outstanding as of October 26, 2001.
        2,330,841 Class B common shares were outstanding as of October 26, 2001.

<PAGE>
               KNAPE & VOGT MANUFACTURING COMPANY AND SUBSIDIARIES

                                      INDEX

                                                                        Page No.

PART I.  FINANCIAL INFORMATION

       Item 1.  Financial Statements.

                Condensed Consolidated Balance Sheets
                --September 29, 2001 and June 30, 2001.........................2

                Condensed Consolidated Statements of Income
                --Three Months Ended September 29, 2001 and
                  September 30, 2000...........................................3

                Condensed Consolidated Statements of Cash Flows
                --Three Months Ended September 29, 2001 and
                  September 30, 2000...........................................4

                Notes to Condensed Consolidated Financial
                   Statements................................................5-7

       Item 2.  Management's Discussion and Analysis of Financial
                   Condition and Results of Operations.......................8-9

       Item 3.  Quantitative and Qualitative Disclosures About
                   Market Risk................................................10

PART II. OTHER INFORMATION

       Item 6.  Exhibits and Reports on Form 8-K..............................11

SIGNATURES      ..............................................................12

                                       1
<PAGE>
               KNAPE & VOGT MANUFACTURING COMPANY AND SUBSIDIARIES

                          PART I. FINANCIAL INFORMATION

                      CONDENSED CONSOLIDATED BALANCE SHEETS


<TABLE>
                                                                                  (Unaudited)            (Audited)
                                                                               Sept. 29, 2001        June 30, 2001
                                                                          --------------------    -----------------
Assets

<S>                                                                       <C>                     <C>
Current assets
     Cash and equivalents                                                 $         2,835,766     $      2,113,940
     Accounts receivable - net                                                     16,772,554           17,822,214
     Inventories                                                                   14,491,120           14,290,096
     Prepaid expenses and other                                                     2,672,533            3,271,460
                                                                          --------------------    -----------------
Total current assets                                                               36,771,973           37,497,710
                                                                          --------------------    -----------------

Property, plant and equipment                                                      80,683,626           79,549,733
Less accumulated depreciation                                                      40,060,073           38,524,582
                                                                          --------------------    -----------------
Net property, plant and equipment                                                  40,623,553           41,025,151
                                                                          --------------------    -----------------

Goodwill                                                                            5,046,482            5,137,697
Other assets                                                                        6,082,415            6,142,835
                                                                          --------------------    -----------------

                                                                          $        88,524,423     $     89,803,393
                                                                          ====================    =================



Liabilities and Stockholders' Equity

Current liabilities
     Accounts payable                                                     $        10,494,991     $     10,366,596
     Other accrued liabilities                                                      8,695,439            8,665,511
                                                                          --------------------    -----------------
Total current liabilities                                                          19,190,430           19,032,107
                                                                          --------------------    -----------------

Long-term debt                                                                     22,280,000           23,750,000
Deferred income taxes and other long-term liabilities                              10,612,489            9,888,589
                                                                          --------------------    -----------------
Total liabilities                                                                  52,082,919           52,670,696
                                                                          --------------------    -----------------

Stockholders' Equity
Common stock (Common - 2,282,017 and 2,277,921 shares issued,
       Class B common - 2,330,841 and 2,339,920 shares issued,
       Preferred - unissued)                                                        9,225,716            9,235,682
Additional paid-in capital                                                          8,457,132            8,502,727
Unearned stock grant                                                                  (94,500)             (94,500)
Accumulated other comprehensive income:
       Foreign currency translation adjustment                                       (185,380)             (86,729)
       Derivative adjustment                                                       (1,070,443)            (353,301)
       Minimum supplemental executive retirement plan
          liability adjustment                                                     (1,034,984)          (1,036,062)
Retained earnings                                                                  21,143,963           20,964,880
                                                                          --------------------    -----------------
Total stockholders' equity                                                         36,441,504           37,132,697
                                                                          --------------------    -----------------

                                                                          $        88,524,423     $     89,803,393
                                                                          ====================    =================
</TABLE>
See accompanying notes.

                                       2
<PAGE>
               KNAPE & VOGT MANUFACTURING COMPANY AND SUBSIDIARIES

                   CONDENSED CONSOLIDATED STATEMENTS OF INCOME
                                   (Unaudited)
<TABLE>
                                                              Three Months Ended

                                                    Sept. 29, 2001         Sept. 30, 2000
                                                   -----------------      ----------------

<S>                                              <C>                   <C>
Net sales                                        $       33,089,191    $       37,769,452

Cost of sales                                            25,478,571            27,969,204
                                                 -------------------   -------------------

Gross profit                                              7,610,620             9,800,248

Selling and administrative expenses                       5,774,022             5,992,668
                                                 -------------------   -------------------

Operating income                                          1,836,598             3,807,580

Other expenses                                              441,970               436,685
                                                 -------------------   -------------------

Income before income taxes                                1,394,628             3,370,895

Income taxes                                                489,000             1,190,000
                                                 -------------------   -------------------

Net income                                       $          905,628    $        2,180,895
                                                 ===================   ===================

Basic earnings per share:
Net income per share                             $             0.20    $             0.47
                                                 ===================   ===================

Weighted average shares outstanding                       4,616,964             4,615,000

Diluted earnings per share:
Net income per share                             $             0.20    $             0.47
                                                 ===================   ===================

Weighted average shares outstanding                       4,616,964             4,619,016

Cash dividend - common stock                     $             .165    $             .165

Cash dividend - Class B common stock             $              .15    $              .15
</TABLE>


See accompanying notes.

                                       3
<PAGE>
               KNAPE & VOGT MANUFACTURING COMPANY AND SUBSIDIARIES

                 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (Unaudited)

<TABLE>
                                                                            Three Months Ended

                                                                    Sept. 29, 2001          Sept. 30, 2000
                                                                 ------------------      ------------------
<S>                                                             <C>                      <C>
Operating Activities:
     Net income                                                 $          905,628       $       2,180,895
     Non-cash items:
         Depreciation and amortization                                   1,891,440               1,538,556
         Deferred income taxes                                             (72,000)                (70,000)
         Other long-term liabilities                                       134,622                 100,932
         Loss on disposal of fixed assets                                   68,232                       -
         Changes in operating assets and liabilities:
                  Accounts receivable                                      996,733               1,787,816
                  Inventories                                             (201,024)             (1,580,171)
                  Other current assets                                     509,431                  63,185
                  Accounts payable and accrued expenses                    226,854             (1,721,769)
                                                                -------------------      ------------------
     Net cash provided by operating activities                           4,459,916               2,299,444
                                                                -------------------      ------------------

Investing Activities:
     Additions to property, plant and equipment                         (1,488,032)             (2,195,587)
     Proceeds from sales of property, plant and equipment                  105,705                       -
     Payments for other non-current assets                                  (8,891)                 (1,059)
                                                                -------------------      ------------------
     Net cash used for investing activities                             (1,391,218)             (2,196,646)
                                                                -------------------      ------------------

Financing Activities:
     Cash dividends paid                                                  (726,545)               (725,707)
     Proceeds from issuance of common stock                                      -                   3,903
     Repurchase and retirement of common stock                             (66,174)                (20,537)
     Borrowings on long-term debt                                        9,510,000              14,790,000
     Payments on long-term debt                                        (10,980,000)            (14,270,000)
                                                                -------------------      ------------------
     Net cash used for financing activities                             (2,262,719)               (222,341)
                                                                -------------------      ------------------

Effect of Exchange Rate Changes on Cash                                    (84,153)                (18,894)
                                                                -------------------      ------------------

Net Increase (Decrease) in Cash and Equivalents                            721,826                (138,437)

Cash and equivalents, beginning of year                                  2,113,940               2,351,622
                                                                -------------------      ------------------

Cash and equivalents, end of period                             $        2,835,766       $       2,213,185
                                                                ===================      ==================

Cash Paid During the Period - interest                          $          407,403       $         372,418
                            - income taxes                      $           20,000       $         285,000
</TABLE>

See accompanying notes.

                                       4
<PAGE>
               KNAPE & VOGT MANUFACTURING COMPANY AND SUBSIDIARIES

              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                   (Unaudited)


Note 1 - Summary of Significant Accounting Policies

The  accompanying  unaudited  condensed  consolidated  financial  statements and
related notes have been prepared  pursuant to the rules and  regulations  of the
Securities  and Exchange  Commission.  The  information  furnished  reflects all
adjustments,  which are,  in the  opinion of  management,  necessary  for a fair
statement  of the results of  operations  and  consist of only normal  recurring
adjustments.  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, 2001, 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  2001
annual report.

The Company  utilizes a 52- or 53-week  fiscal year,  which ends on the Saturday
nearest the end of June. The fiscal years ending June 30, 2001 and June 29, 2002
each contain 52 weeks.

The Company  uses an  interest  rate swap  agreement  to modify a portion of the
variable  rate  revolving  line of credit to a fixed  rate  obligation,  thereby
reducing  the  exposure  to market rate  fluctuations.  The  interest  rate swap
agreement is designated as a hedge, and  effectiveness is determined by matching
the principal balance and terms with that specific obligation. Amounts currently
due to or from  interest-rate-swap-counter  parties  are  recorded  in  interest
expense in the period in which they accrue.  The  derivative was recognized as a
liability on the balance  sheet at its fair value of $1,647,443 at September 29,
2001 and  $543,301  at June 30,  2001  and as an asset on the  balance  sheet of
$375,019 at September 30, 2000.

In  accordance   with  the  Emerging  Issues  Task  Force  ("EITF")  No.  00-10,
"Accounting  for Shipping and Handling Fees and Costs,"  certain  shipping costs
have been reclassified from sales to cost of goods sold.  Certain handling costs
as defined by the EITF are  classified  as  operating  expenses  and amounted to
$1,219,243  and  $1,229,489  for the  quarters  ended  September  29,  2001  and
September 30, 2000, respectively.

In  addition,  EITF No.  00-22,  "Accounting  for  Certain  `Points'  and  Other
Time-Based Sales Incentive  Offers,  and Offers for Free Products or Services to
be  Delivered  in the  Future,"  resulted  in  certain  rebate  offers  that are
delivered  subsequent to a single  exchange  transaction  being  recognized when
incurred and reported as a reduction of revenue.

In  May  2001,  the  EITF  issued  EITF  No.  00-25,  "Vendor  Income  Statement
Characterization  of Consideration Paid to a Reseller of the Vendor's Products."
EITF No. 00-25 requires that certain amounts paid to customers under cooperative
advertising  and buydown  programs be recognized when incurred and reported as a
reduction of revenue.

EITF Nos.  00-22 and 00-25  resulted in certain  costs having been  reclassified
from operating expenses to net sales,  however,  they did not have any impact on
operating or net income.  Accordingly,  certain prior year  information has been
reclassified to conform to the current year presentation.

Note 2 - New Accounting Standards

In June 2001, the Financial  Accounting Standards Board finalized Statements No.
141,  Business  Combinations  (SFAS  141),  and  No.  142,  Goodwill  and  Other
Intangible  Assets (SFAS 142).  SFAS 141 requires the use of the purchase method
of  accounting  and  prohibits  the  use of the  pooling-of-interest  method  of
accounting  for business  combinations.  SFAS 141 also requires that the Company
recognize  acquired  intangible  assets  apart  from  goodwill  if the  acquired
intangible  assets  meet  certain  criteria.  SFAS 141  applies to all  business
combinations   initiated   after  June  30,  2001  and  for  purchase   business
combinations completed on or after July 1, 2001. It also requires, upon adoption
of SFAS 142,  that the Company  reclassify  the carrying  amounts of  intangible
assets and goodwill based on the criteria in SFAS 141.

                                       5
<PAGE>
SFAS 142  requires,  among  other  things,  that  companies  no longer  amortize
goodwill,  but instead  test  goodwill  for  impairment  at least  annually.  In
addition,  SFAS 142 requires that the Company  identify  reporting units for the
purposes of assessing  potential  future  impairments of goodwill,  reassess the
useful  lives  of  other  existing  recognized   intangible  assets,  and  cease
amortization of intangible  assets with an indefinite useful life. An intangible
asset  with an  indefinite  useful  life  should be  tested  for  impairment  in
accordance  with the guidance in SFAS 142. SFAS 142 is required to be applied in
fiscal  years  beginning  after  December  15,  2001 to all  goodwill  and other
intangible assets recognized at that date,  regardless of when those assets were
initially  recognized.  SFAS 142 requires the Company to complete a transitional
goodwill  impairment  test six months from the date of adoption.  The Company is
also required to reassess the useful lives of other intangible assets within the
first interim quarter after adoption of SFAS 142.

The  Company's  previous  business  combinations  were  accounted  for using the
purchase  method.  As of September 29, 2001, the net carrying amount of goodwill
is  $5,046,482.  Currently,  the Company is assessing but has not yet determined
how the adoption of SFAS 141 and SFAS 142 will impact its financial position and
results of operation.

Note 3 - Common Stock and Per Share Information

Common  stock  is $2 par - shares  authorized  6,000,000  of  common  stock  and
4,000,000 of Class B common stock.

The following  table  reconciles  the numerators  and  denominators  used in the
calculations of basic and diluted EPS for each of the periods presented:
<TABLE>
                                               Sept. 29, 2001               Sept. 30, 2000
                                            ---------------------         --------------------
<S>                                                    <C>                         <C>
Numerators:
  Numerator for both basic and
  diluted EPS, net income                               $905,628                   $2,180,895
                                            =====================         ====================
Denominators:
  Denominator for basic EPS,
  weighted-average common shares
  outstanding                                          4,616,964                    4,615,000
  Potentially dilutive shares
  resulting from stock option plans                            -                        4,016
                                            ---------------------         --------------------
  Denominator for diluted EPS                          4,616,964                    4,619,016
                                            =====================         ====================
</TABLE>
The following  exercisable stock options were not included in the computation of
diluted EPS because the option prices were greater than average quarterly market
prices.
<TABLE>
                                               Sept. 29, 2001               Sept. 30, 2000
                                            ---------------------         --------------------
<S>                                                       <C>                          <C>
Exercise Price
  $12.58                                                   4,995                            -
  $13.64                                                  20,410                            -
  $14.09                                                  20,350                            -
  $16.74                                                  10,594                       11,192
  $18.18                                                   9,625                       10,450
  $26.54                                                  62,432                            -
</TABLE>

Note 4 - Inventories

Inventories  are  valued  at the  lower of FIFO  (first-in,  first-out)  cost or
market. Inventories are summarized as follows:
<TABLE>
                                                Sept. 29, 2001             June 30, 2001
                                                --------------            --------------
<S>                                             <C>                       <C>
Finished products                               $   10,065,277            $    9,916,080
Work in process                                      1,792,344                 1,608,544
Raw materials                                        2,633,499                 2,765,472
                                                --------------            --------------

Total                                           $  14,491,120             $   14,290,096
                                                ==============            ==============
</TABLE>

                                       6
<PAGE>
Note 5 - Comprehensive Income

Comprehensive income is comprised of net income and all changes to stockholders'
equity, except those due to investments by owners and distributions to owners.

Comprehensive income and its components consist of the following:

<TABLE>
Three months ended                              Sept. 29, 2001      Sept. 30, 2000
--------------------------------------------- ----------------- -- ----------------
<S>                                                   <C>              <C>
Net income                                            $905,628         $ 2,180,895
Other comprehensive income:
  Foreign currency translation adjustment             (98,651)            (33,287)
  Derivative adjustment                              (717,142)             244,019
  Minimum SERP liability adjustment                      1,078                 757
                                              -----------------    ----------------

Comprehensive income                                  $ 90,913         $ 2,392,384
                                              =================    ================
</TABLE>

Other  comprehensive  income (loss)  related to the interest rate swap agreement
consisted of the following components:

<TABLE>
                                                        Sept. 29,  2001                            Sept. 30,  2000
                                            -------------------- -------------------- ------------------ -------------------
                                                   Pre-Tax             After-Tax              Pre-Tax           After-Tax
                                            -------------------- -------------------- ------------------ -------------------
<S>                                                <C>                   <C>                  <C>                <C>
Cumulative   effect   of   a   change   in
accounting principle, as of July 1, 2000           $          -          $         -          $ 797,871          $  518,616
Change in fair value of interest rate swap            (981,225)            (637,225)          (449,607)           (292,352)
Settlement to interest expense                        (122,917)             (79,917)             26,755              17,755
                                            -------------------- -------------------- ------------------ -------------------
Other comprehensive income (loss)                  $(1,104,142)          $ (717,142)          $ 375,019          $  244,019
                                            ==================== ==================== ================== ===================
</TABLE>

Note 6 - Assets Held for Sale

During  fiscal 2000,  the Company  offered its former  powder coat  facility for
sale.  As a result of this  decision,  the  related  assets of  $1,779,405  were
transferred  to the  category  "Net Assets Held for Sale" and a loss of $105,000
was  recorded  in the  fourth  quarter of fiscal  2000  based upon the  buy/sell
agreement.  The purchaser was unable to close the  transaction  and the building
remains listed with a real estate broker. In addition,  the Company has listed a
former facility in Muncie, Indiana for sale. Based upon new information obtained
during the third quarter of fiscal 2001  regarding the current fair market value
of the facilities held for sale, the Company  recorded an additional  impairment
loss of $300,000 pre-tax.

Note 7 - Stock Repurchase

At the August 20, 1999 Board of Directors  meeting,  the Board approved  440,000
shares for the stock repurchase program. Utilizing this Board authorization, the
Company has  purchased  5,800 shares during the first quarter of fiscal 2002 for
$66,176 with the price per share ranging from  approximately  $11 to $12.  Since
the beginning of the stock  repurchase  program in fiscal 1999,  the Company has
purchased 1,994,812 shares for approximately $35.8 million.

                                       7
<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.  When  used in this  document,  the  words
"believes,"  "expects,"  "anticipates,"  "goal," "think," "forecast," "project,"
and similar expressions  identify  forward-looking  statements.  Forward-looking
statements include, but are not limited to, statements concerning future revenue
and net  income  growth.  Such  statements  are  subject  to  certain  risks and
uncertainties,  which would cause actual results to differ materially from those
expressed or implied by such forward-looking  statements.  Readers are cautioned
not to place undue reliance on those forward-looking  statements that speak only
as of the date of this report.


RESULTS OF OPERATIONS

As discussed in Note 1, certain  reclassifications  are reflected in the amounts
discussed below.

Net Sales

Net sales for the first  quarter of fiscal 2002 were $33.1  million  compared to
$37.8 million for the same period in the prior year. The decline in net sales of
12.4%  reflects the overall  sluggish U.S. and Canadian  economies.  The largest
portion of the Company's sales are to the office furniture  industry,  which for
the months of July and August of 2001 reported a sales decline of  approximately
20%. This downturn is expected to continue through the end of the calendar year.
BIFMA, the office furniture market's association, has revised its sales forecast
for calendar 2001 down to a net decline of 16%.

The Company's  ability to out perform the office  furniture  industry as a whole
was due to its sales to other markets,  including  retail and  distribution.  In
addition, the Idea@Work product line continued to show sales growth in the first
quarter. The increased sales growth of this key product line reflected a gain in
market  share,  along with sales  from new  products,  such as the desk and task
lighting line, introduced during the fourth quarter of fiscal 2001.

Gross Profit

Gross profit,  as a percentage of net sales,  was 23.0% for the first quarter of
fiscal 2002  compared to 25.9% for the same period in the prior year.  The lower
sales volumes in the first quarter of fiscal 2002 made it more difficult for the
Company to fully  leverage its fixed  overhead  costs,  which  resulted in lower
gross  margins.  In order to reduce the impact of the lower sales  volumes,  the
Company  has  continued  its focus on lean  manufacturing  combined  with better
utilization  of the  investments  made over the past few years to help  increase
productivity.

Operating Expenses

Selling and administrative expenses, as a percentage of net sales, for the first
quarter  ended  September  29,  2001,  were 17.4%  compared to 15.9% in the same
period in the prior year. The increase from the prior year was due to the higher
operating  costs  associated  with the ergonomic  product line combined with the
Company's continued investment to launch its new products into the market.

Other Expenses

Interest expense was $400,535 for the first quarter of fiscal 2002,  compared to
$381,393 for the same period in the prior year. The increase in interest expense
was  attributable  to the higher level of borrowings  partially  offset by lower
interest rates during the first quarter of fiscal 2002.

Other  miscellaneous  expense was $41,435 for the first  quarter of fiscal 2002,
compared to $55,292 in the prior year.  The expense in fiscal 2002  reflects the
loss incurred on the disposal of certain manufacturing assets.

                                       8
<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  29, 2001,  was 35.1%
compared with the rate of 35.3% for the same period in the prior year.

Net Income

For the quarter ended  September 29, 2001,  net income was $905,628 or $0.20 per
diluted  share  compared to  $2,180,895 or $0.47 per diluted share for the first
quarter of last year.  The decrease in net income in the first quarter of fiscal
2002 was primarily attributable to the lower sales volume.

Liquidity and Capital Resources

Net cash from  operating  activities  for the first three  months of fiscal 2002
provided  $4,459,916  as compared to  $2,299,444  for the first three  months of
fiscal 2001. The reduced level of working capital  reflected the Company's focus
on reducing inventory levels and higher accounts payable primarily due to timing
of the quarter-end cutoff.

Capital expenditures totaled $1,488,032 for the three months ended September 29,
2001,  compared to $2,195,587 for the three months ended September 30, 2000. The
fiscal 2002 capital expenditures  primarily  represented  investments in tooling
for new products,  including the next generation  precision drawer slides. There
were no  significant  capital  expenditure  commitments  at September  29, 2001.
Capital  expenditures are anticipated to remain at approximately  the same level
as depreciation.

At the August 20, 1999 Board of Directors  meeting,  the Board approved  440,000
shares for the stock repurchase program. Utilizing this Board authorization, the
Company has  purchased  5,800 shares during the first quarter of fiscal 2002 for
$66,176 with the price per share ranging from  approximately  $11 to $12.  Since
the beginning of the stock  repurchase  program in fiscal 1999,  the Company has
purchased 1,994,812 shares for approximately $35.8 million.

The  long-term  debt balance  decreased to  $22,280,000  at September  29, 2001,
compared to $23,750,000  at June 30, 2001 and increased  compared to $20,570,000
at September 30, 2000.  The decrease from June 30, 2001 reflects  better working
capital management along with lower capital expenditures.  The increase from the
September 30, 2000,  balance  reflects funds utilized for capital  expenditures,
primarily  for  capacity  and  productivity  improvements,  offset by net income
earned during the period.

Anticipated  cash flows from operations and available  balances on the revolving
credit  line are  expected  to be  adequate  to fund  working  capital,  capital
expenditures, stock repurchases and dividend payments.

                                       9
<PAGE>
               KNAPE & VOGT MANUFACTURING COMPANY AND SUBSIDIARIES

                    QUANTITATIVE AND QUALITATIVE DISCLOSURES
                                ABOUT MARKET RISK


The Company is exposed to market  risks,  which  include  changes in the foreign
currency  exchange rate as measured  against the U.S. dollar and changes in U.S.
interest  rates.  The Company  holds a derivative  instrument  in the form of an
interest rate swap,  which is viewed as a risk  management  tool and is not used
for trading or speculative purposes.  The intent of the interest rate swap is to
effectively fix the interest rate on part of the borrowings  under the Company's
variable rate revolving credit agreement.

Quantitative disclosures relating to financial instruments and debt are included
in the tables below.

The  following  table  provides  information  on the  Company's  fixed  maturity
investments  as of September  29, 2001 that are sensitive to changes in interest
rates.  The table also  presents the  corresponding  interest  rate swap on this
debt.  Since the interest rate swap  effectively  fixes the interest rate on the
notional amount of debt, changes in interest rates have no current effect on the
interest  expense  recorded by the Company on the portion of the debt covered by
the interest rate swap.

<TABLE>
Liability                                         Amount                     Maturity Date
------------------                                ---------                  -------------
<S>                                               <C>                        <C>
Variable rate revolving credit
  agreement                                       $45 million                November 1, 2004
First $20,000,000 at an interest rate
  of 3.53% plus weighted average
  credit spread of .625%
Amounts in excess of $20,000,000 have
  an interest rate of approximately 3.3%

Interest Rate Swap
Notional amount                                   $20 million                June 1, 2006
  Pay fixed/Receive variable - 3.4625%
  Pay fixed interest rate - 6.25%
</TABLE>

The  Company  has  a  sales  office  located  in  Canada.  Sales  are  typically
denominated  in  Canadian  dollars,  thereby  creating  exposures  to changes in
exchange rates. The changes in the Canadian/U.S. exchange rate may positively or
negatively affect the Company's sales, gross margins and retained earnings.  The
Company  attempts  to  minimize   currency   exposure  through  working  capital
management.  The Company  does not hedge its exposure to  translation  gains and
losses relating to foreign currency net asset exposures.

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<PAGE>
               KNAPE & VOGT MANUFACTURING COMPANY AND SUBSIDIARIES

                           PART II. OTHER INFORMATION


Item 6.  Exhibits and Reports on Form 8-K

         (a)   Exhibits

               See Exhibit Index

         (b)   Reports on Form 8-K
               There  were no  reports  on Form 8-K filed  for the three  months
               ended September 29, 2001.

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<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 2, 2001                   /s/ William R. Dutmers
      ------------------------               -----------------------------------
                                             William R. Dutmers
                                             Chairman, President and
                                             Chief Executive Officer

Date:     November 2, 2001                   /s/ Leslie J. Cummings
      ------------------------               -----------------------------------
                                             Leslie J. Cummings
                                             Vice President of Finance and
                                             Treasurer


                                       12