UNITED STATES
                   SECURITIES AND EXCHANGE COMMISSION
                        Washington, D.C.  20549

                              Form 10 - Q
  (Mark  One)

      X   QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE
          SECURITIES EXCHANGE ACT OF 1934.
          For the period ended October 31, 1999.

          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 0-15407

                           Circuit Systems, Inc.
           (Exact name of registrant as specified in charter)

             Illinois                            36-2663010
     (State or other jurisdiction             (I.R.S. Employer
   of incorporation or organization)         Identification No.)

  2400 East Lunt Avenue, Elk Grove Village, Illinois       60007
      (Address of principal executive offices)           (Zip Code)

        (847)  439 - 1999                     __________________
  (Registrant's telephone number,        (Former name, former address and
       including area code)               former fiscal year, if changed
                                                since last report)

  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     .

             APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
                PROCEEDING DURING THE PRECEDING FIVE YEARS

  Indicate by check mark whether the  registrant has filed all  documents
  and reports required to be filed by Sections  12, 13, or 15 (d) of  the
  Securities Exchange  Act  of 1934  subsequent  to the  distribution  of
  securities under a plan confirmed by a court.     Yes      No      .

  APPLICABLE ONLY TO CORPORATE ISSUERS:    Indicate the number of  shares
  outstanding of each of the issuer's classes of common stock, as of  the
  latest practicable date: November 30, 1999:  4,591,020

<PAGE>

                          CIRCUIT SYSTEMS, INC.
                            AND SUBSIDIARIES

                                  INDEX
                                                                    Page
                                                                   Number
    PART 1.   FINANCIAL INFORMATION                                ------

    Item 1.   Financial Statements

                 Consolidated Condensed Balance Sheets                3

                 Consolidated Condensed Statements of Operations      4

                 Consolidated Condensed Statements of Cash Flows      5

                 Notes to Consolidated Condensed Financial
                 Statements                                           6

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

    Item 3.   Quantitative and Qualitative Disclosures about
              Market Risks                                            12


    PART II.  OTHER INFORMATION

    Item 6.   Exhibits and Reports on Form 8K                         12


    SIGNATURES                                                        13

<PAGE>
<TABLE>
                          CIRCUIT SYSTEMS, INC.
                             AND SUBSIDIARIES
                   CONSOLIDATED CONDENSED BALANCE SHEETS
                                (UNAUDITED)
<CAPTION>
                                                   10/31/99       04/30/99
                                                 ------------   ------------
  <S>                                           <C>            <C>
  ASSETS
  CURRENT ASSETS
      CASH AND CASH EQUIVALENTS                 $     304,428  $   1,463,336
      ACCOUNTS RECEIVABLE, LESS ALLOWANCE
       OF $175,000                                 16,450,374     13,048,378
      INVENTORIES
          RAW MATERIALS                             3,953,490      4,007,914
          WORK IN PROCESS                           2,929,057      2,451,106
          FINISHED GOODS                            3,796,993      3,073,442
                                                 ------------   ------------
                                                   10,679,540      9,532,462

      REFUNDABLE INCOME TAXES                         290,000        579,000
      DEFERRED INCOME TAXES                           309,000        309,000
      PREPAID EXPENSES                                126,443        103,707
                                                 ------------   ------------
               TOTAL CURRENT ASSETS                28,159,785     25,035,883

  INVESTMENT IN AFFILIATE                           3,377,403      3,211,083

  PROPERTY, PLANT AND EQUIPMENT - AT COST
      BUILDINGS AND IMPROVEMENTS                   16,231,979     15,206,521
      MACHINERY AND EQUIPMENT                      57,957,813     53,454,625
      AUTOMOTIVE EQUIPMENT                            226,922        226,922
                                                 ------------   ------------
                                                   74,416,714     68,888,068
          LESS ACCUMULATED DEPRECIATION            31,544,917     28,082,923
                                                 ------------   ------------
                                                   42,871,797     40,805,145
          LAND                                      3,040,453      3,040,453
                                                 ------------   ------------
                                                   45,912,250     43,845,598
  OTHER ASSETS
      GOODWILL, NET                                10,741,435      6,487,447
      DEPOSITS AND SUNDRY                           1,894,581      1,335,757
                                                 ------------   ------------
          TOTAL OTHER ASSETS                       12,636,016      7,823,204
                                                 ------------   ------------
          TOTAL ASSETS                          $  90,085,454  $  79,915,768
                                                 ============   ============
<PAGE>
  LIABILITIES AND SHAREHOLDERS' EQUITY
  CURRENT LIABILITIES
      CURRENT MATURITIES OF L/T OBLIGATIONS     $   8,591,259  $   7,854,208
      LONG-TERM OBLIGATIONS CLASSIFIED
       AS CURRENT                                  22,699,000              -
      ACCOUNTS PAYABLE                             17,531,394      9,252,421
      ACCRUED LIABILITIES                           3,251,739      2,461,738
                                                 ------------   ------------
          TOTAL CURRENT LIABILITIES                52,073,392     19,568,367

  LONG-TERM OBLIGATIONS                            16,195,223     38,136,619
  SUBORDINATED DEBT                                 4,173,762      3,375,985
  DEFERRED INCOME TAXES                             1,817,082      2,556,000
  COMMITMENTS AND CONTINGENCIES                             -              -

  SHAREHOLDERS' EQUITY
      COMMON STOCK                                  3,678,055      2,191,168
      RETAINED EARNINGS                            12,147,940     14,087,629
                                                 ------------   ------------
          TOTAL SHAREHOLDERS' EQUITY               15,825,995     16,278,797
                                                 ------------   ------------
          TOTAL LIABILITIES AND
           SHAREHOLDERS' EQUITY                 $  90,085,454  $  79,915,768
                                                 ============   ============

      THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE STATEMENTS

</TABLE>
<PAGE>
<TABLE>
                               CIRCUIT SYSTEMS, INC.
                                  AND SUBSIDIARIES
                   CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS
                                     (UNAUDITED)

                                  THREE MONTHS ENDED         SIX MONTHS ENDED
                                10/31/99     10/31/98     10/31/99     10/31/98
                              ----------   ----------   ----------   ----------
<S>                          <C>          <C>          <C>          <C>
NET SALES                    $24,920,533  $25,101,583  $48,279,589  $47,655,296

COST OF GOODS SOLD            22,847,468   21,021,036   44,800,111   40,522,254
                              ----------   ----------   ----------   ----------
    GROSS PROFIT               2,073,065    4,080,547    3,479,478    7,133,042

SALES AND MARKETING EXPENSES   1,100.439      843,767    2,239,568    1,637,932
ADMINISTRATIVE EXPENSES        1,330,373      741,038    2,523,546    1,654,089
RESTRUCTURING CHARGE                   -            -            -    1,520,000
                              ----------   ----------   ----------   ----------
                               2,430,812    1,584,805    4,763,114    4,812,021
                              ----------   ----------   ----------   ----------
    OPERATING INCOME (LOSS)     (357,747)   2,495,742   (1,283,636)   2,321,021

OTHER (INCOME) DEDUCTIONS
    INTEREST EXPENSE           1,098,059      712,725    2,083,443    1,439,904
    EQUITY IN EARNINGS OF
     UNCONSOLIDATED AFFILIATE   (124,628)     (71,208)    (166,320)     (74,997)
    MINORITY INTEREST IN
     LOSS OF SUBSIDIARY                -            -            -      (31,782)
    RENTAL INCOME                (89,959)    (100,460)    (195,118)     204,520)
    SUNDRY                       (27,526)      (6,950)     (27,552)       4,740
                              ----------   ----------   ----------   ----------
                                 855,946      534,107    1,694,453    1,133,345
                              ----------   ----------   ----------   ----------
    EARNINGS (LOSS) BEFORE
     INCOME TAXES             (1,213,693)   1,961,635   (2,978,089)   1,187,676

  INCOME TAX EXPENSE (BENEFIT)  (430,500)     722,000   (1,038,400)     447,000
                              ----------   ----------   ----------   ----------
      NET EARNINGS (LOSS)    $  (783,193) $ 1,239,635  $(1,939,689) $   740,676
                              ==========   ==========   ==========   ==========
PER SHARE DATA:

    NET EARNINGS (LOSS) PER
     COMMON SHARE-BASIC      $      (.18)  $      .29  $      (.47) $       .17
                              ==========   ==========   ==========   ==========
    NET EARNINGS (LOSS) PER
     COMMON SHARE-DILUTED    $      (.18)  $      .29  $      (.47) $       .17
                              ==========   ==========   ==========   ==========

    THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE STATEMENTS

</TABLE>
<PAGE>
<TABLE>
                           CIRCUIT SYSTEMS, INC.
                             AND SUBSIDIARIES
             CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS
                                (UNAUDITED)
<CAPTION>
                                                          SIX MONTHS ENDED
                                                       10/31/99      10/31/98
                                                      ----------   ----------
  <S>                                                <C>          <C>
  CASH FLOWS FROM OPERATING ACTIVITIES:
      NET EARNINGS (LOSS)                            $(1,939,689) $   740,676
      ADJUSTMENTS TO RECONCILE NET EARNINGS (LOSS)
       TO NET CASH
          PROVIDED BY OPERATING ACTIVITIES:
          DEPRECIATION AND AMORTIZATION                3,743,349    2,593,016
          DEFERRED INCOME TAXES                         (738,918)     175,000
          MINORITY INTEREST IN LOSS OF SUBSIDIARY              -      (31,782)
          EQUITY IN EARNINGS OF UNCONSOLIDATED
           AFFILIATE                                    (166,320)     (74,997)

         CHANGES IN ASSETS AND LIABILITIES, NET OF
          EFFECTS FROM ACQUISITION AND DIVESTITURE:
              ACCOUNTS RECEIVABLE                     (2,081,118)    (516,195)
              INVENTORIES                             (1,147,078)    (648,246)
              PREPAID EXPENSES                           (22,736)     (38,993)
              OTHER ASSETS                              (557,541)     404,413
              ACCOUNTS PAYABLE AND ACCRUED
               LIABILITIES                             8,482,743      679,201
                                                      ----------   ----------
                  TOTAL ADJUSTMENTS                    7,512,381    2,541,417
                                                      ----------   ----------
          NET CASH PROVIDED BY OPERATIONS              5,572,692    3,282,093

  CASH FLOWS FROM INVESTING ACTIVITIES:
      CAPITAL EXPENDITURES                            (5,447,365)  (3,439,458)
      PAYMENT FOR PURCHASE OF INFOVISION, INC.        (1,440,000)           -
                                                      ----------   ----------
          NET CASH USED IN INVESTING  ACTIVITIES      (6,887,365)  (3,439,458)

  CASH FLOWS FROM FINANCING ACTIVITIES:
      NET BORROWINGS UNDER LINE OF CREDIT              2,000,000    2,543,240
      PROCEEDS FROM LONG-TERM OBLIGATIONS              1,263,092      365,750
      REPURCHASE OF COMMON STOCK                               -     (872,832)
      PAYMENTS ON LONG-TERM OBLIGATIONS               (3,107,327)  (3,049,452)
                                                      ----------   ----------
          NET CASH PROVIDED  BY (USED IN)
           FINANCING ACTIVITIES                          155,765   (1,013,294)

  EFFECT OF FOREIGN EXCHANGE RATE CHANGES                      -        7,236
                                                      ----------   ----------
  DECREASE IN CASH                                    (1,158,908)  (1,163,333)

  CASH AT THE BEGINNING OF THE PERIOD                  1,463,336    1,531,526
                                                      ----------   ----------
  CASH AT THE END OF THE PERIOD                      $   304,428  $   368,193
                                                      ==========   ==========
<PAGE>
  SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
      CASH PAID (RECEIVED) DURING THE PERIOD FOR:
          INTEREST                                   $ 2,074,879  $ 1,403,799
          INCOME TAXES                                  (289,000)    (105,876)

  SUPPLEMENTAL SCHEDULE OF NON-CASH INVESTING AND
   FINANCING ACTIVITIES:
     SUBORDINATED DEBT AND COMMON STOCK TO SELLER
      IN CONJUNCTION WITH BUSINESS ACQUISITION       $ 2,310,000  $         -
     ISSUANCE OF COMMON STOCK IN SATISFACTION OF
      LONG-TERM OBLIGATION AND ACCRUED INTEREST          961,887            -
     DIVESTITURE  OF NET INVESTMENT IN CIRCUIT
      SYSTEMS (INDIA) LIMITED AND CIRCUIT SIGMA
      LIMITED IN SATISFACTION OF CERTAIN ACCRUED
      LIABILITIES AND REPURCHASE OF COMMON STOCK               -    1,270,049


      THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE STATEMENTS

</TABLE>
<PAGE>

                           CIRCUIT SYSTEMS, INC.
                             AND SUBSIDIARIES

          NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS
                                (UNAUDITED)

 1. These interim  Consolidated Condensed  Financial Statements  should  be
    read in  conjunction with  the  consolidated Financial  Statements  and
    notes included in the Company's April  30, 1999 Annual Report and  Form
    10-K.

 2. In the opinion  of the  Company, the  accompanying unaudited  condensed
    consolidated financial information reflects all adjustments (consisting
    only of normal recurring accruals) necessary for a fair presentation of
    the statements contained herein.

 2. These consolidated  statements are  presented  in accordance  with  the
    requirements  of  Form10-Q  and   consequently  may  not  include   all
    disclosures  normally   required  by   generally  accepted   accounting
    principles normally made in the Company's Annual Report and Form 10-K.

 4. The following  table  illustrates a  reconciliation  of the  basic  and
    diluted earnings per share calculations.
<TABLE>

                                   Three Months Ended       Six Months Ended
                                       10/31/98                10/31/98
<S>                                <C>      <C>          <C>        <C>
  Net Earnings                              $1,239,635              $ 740,676
                                             =========               ========

                                    Shares   Per Share     Shares   Per Share
                                              Amount                 Amount
                                   ---------  --------   ---------   --------
Basic Earnings per Share           4,281,228  $    .29   4,425,262  $     .17
Effect of Dilutive Securities:
    Stock Options                         -          -          -          -
                                   ---------  --------   ---------   --------
Diluted Earnings per Share         4,281,228  $    .29   4,425,262  $     .17
                                   =========  ========   =========   ========

                                   Three Months Ended       Six Months Ended
                                       10/31/99                10/31/99

  Net Loss                                   $ 216,654              $(285,632)
                                              ========               ========
                                    Shares   Per Share     Shares   Per Share
                                              Amount                 Amount
                                   ---------  --------   ---------   --------
Basic Loss per Share               4,301,890 $    (.18)  4,113,955  $    (.47)
Effect of Dilutive Securities:
    Stock Options                        NA        NA          NA          NA
                                   ---------  --------   ---------   --------
Diluted Loss per Share             4,301,890 $    (.18)  4,113,955  $    (.47)
                                   =========  ========   =========   ========
</TABLE>
<PAGE>

 5. The provisions of Statement of  Financial Accounting Standards No.  130
    "Reporting Comprehensive  Income" requires  that an  entity report,  by
    major components and as  a single total, the  change in its net  assets
    during the period from non-shareholder resources.  Total  comprehensive
    income (loss) for  the three months  and six months  ended October  31,
    1999 was $(783,193) and $(1,939,689),  respectively, and for the  three
    months and  six  months  ended October  31,  1998  was  $1,239,635  and
    $821,662, respectively.

 6. On September  10, 1999,  the Company  acquired all  of the  outstanding
    shares  of  stock  of  Infovision,  Inc.  ("Infovision").    Infovision
    specializes in  two  markets:   1)  the  rendering  of  consulting  and
    programming services  and  currently  has  approximately  55  full-time
    consultants, and 2) the development and licensing of a certain software
    product, which is being finalized for general release, which  documents
    a company's ISO procedures,  with internet/intranet capabilities.   The
    purchase price of $3,750,000 (plus acquisition costs) consists of  cash
    of $1,440,000, subordinated term  notes of $1,785,000 with  installment
    terms ranging from  two to  five years  and $525,000  of the  Company's
    common stock. The cash  portion of the purchase  price was funded by  a
    $1,000,000 increase in the Company's installment note to its commercial
    lender and  the remainder  from  its line  of  credit.   The  Company's
    president/CEO and his wife owned 14% of the Infovision common stock and
    affiliates of the president/CEO owned 36%.

    The acquisition will be accounted for  under the purchase method.   The
    purchase price, including direct costs of acquisition, was allocated to
    the assets acquired and liabilities assumed based upon their  estimated
    fair values.   Results of operations  for Infovision  is included  with
    those of  the Company  since September  10, 1999.   The  excess of  the
    purchase price over  the net  assets acquired,  which is  approximately
    $4,517,000, is being amortized to operations over 15 years.
<PAGE>
    The fair  value  of assets  acquired,  net of  liabilities  assumed  or
    created is as follows:

                 Current assets                     $  (1,033,000)
                 Furniture and equipment                 (100,000)
                 Purchase price in excess of net
                       assets acquired                 (4,517,000)
                 Liabilities assumed and seller
                       subordinated debt                3,685,000
                                                     ------------
                 Cash paid and Company common
                       stock issued                 $  (1,965,000)
                                                     ============

    As  of  the date  of acquisition,  in  conjunction  with  the  purchase
    agreement, approximately $962,000  of pre-existing a note  payable  and
    accrued  interest due to the Company's President/CEO was converted into
    455,000 shares of Company stock.

    The prior operating  results of Infovision  were maintained  on a  cash
    basis and it  is therefore  impracticable to  provide interim  proforma
    results of operations from the beginning  of the Company's fiscal  year
    on a combined basis.

 7. At October 31, 1999,  the Company was  in violation of its tangible net
    worth, debt to tangible net worth,  minimum EBITDA,  debt service ratio
    and annualized capital expenditure covenants.   Although the Company is
    expecting its lender to waive these conenants as of October 31, 1999 it
    is  unlikely  that the  Company  will return to  compliance with all of
    these covenants in the near future.  Therefore,  the long-term  portion
    of the line of credit and term note of $22,699,000  has been classified
    as a current liability  pending covenant  amendments  or a waiver which
    would extend beyond one year.

<PAGE>
                           CIRCUIT SYSTEMS, INC.
                             AND SUBSIDIARIES

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


  Item 2.   MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
            AND RESULTS OF OPERATIONS

  This discussion contains forward-looking statements that involve  risks
  and uncertainties, including Year 2000  matters.  The Company's  actual
  results could differ materially from  those discussed herein.   Factors
  that could cause or contribute to such differences include, but are not
  limited to, those discussed herein, as  well as those discussed in  the
  Company's Annual Report on Form 10-K for the year ended April 30, 1999.
  Reliance  on  these  forward-looking  statements  reflect  management's
  analysis only  as  of the  date  hereof.   The  Company  undertakes  no
  obligation to publicly  release the results  of any  revision to  these
  forward-looking statements,  which may  be made  to reflect  events  or
  circumstances after the  date hereof or  to reflect  the occurrence  of
  unanticipated events.  Although  the Company believes the  expectations
  expressed in such  forward-looking statements are  based on  reasonable
  assumptions within  the bounds  of its  knowledge  of its  business,  a
  number of factors could cause actual results to differ materially  from
  those expressed  in any  forward-looking  statements, whether  oral  or
  written, made by or on  behalf of the Company.   Many of these  factors
  have previously been identified in filings or statements made by or  on
  behalf of the  Company.  The  Company does not  intend to update  these
  forward-looking statements.

  Reference  to  "IL"  hereinafter  refers  to  the  Company's   Illinois
  operations only;  reference  to  "CST" refers  to  Circuit  Systems  of
  Tennessee; reference  to  "CSIL"  refers  to  Circuit  Systems  (India)
  Limited; reference  to "SVPC"  refers to  SVPC Circuit  Systems,  Inc.;
  reference to "Infovision" refers to Infovision, Inc.   The  results  of
  operations for Infovision is included with those of the  Company  since
  September 10, 1999.

  Net sales for  the quarter ended  October 31,  1999, were  $24,921,000,
  decreasing by 1% when compared to $25,102,000 for the same quarter last
  year.  The net sales  of IL, CST, SVPC  and Infovision for fiscal  2000
  were $16,261,000, $4,610,000, $3,186,000 and $864,000, respectively, as
  compared to  $17,668,000,  $7,434,000,  $0 and  $0,  respectively,  for
  fiscal  1999.   The  net decrease  in sales  is comprised of additional
  revenues resulting from the inclusion of SVPC and Infovision  in fiscal
  2000 which was  offset by  decreases  in IL and CST sales of $1,407,000
  and $2,824,000, respectively, compared to the prior year.  The decrease
  in IL and CST sales is due to pricing decreases and  lower demand  from
  the  current  customer base.   Net  sales  to  four customers accounted
  for  approximately  $13,081,000  or  53%  of net  sales for the quarter
  ended October  31,  1999,  compared  to  three  customers  representing
  approximately $15,980,000 or 64% of net sales for the same quarter last
  year.
<PAGE>
  Gross profit  for the  quarter was  $2,073,000 or  8.3% of  net  sales,
  compared to $4,081,000 or 16.3% of net sales for the same quarter  last
  year.  The gross profit of IL, CST, SVPC and Infovision for fiscal 2000
  were $1,556,000,  $(34,000), $341,000  and $210,000,  respectively,  as
  compared to $2,477,000 and $1,604,000 for IL and CST, respectively, for
  fiscal 1999.  The  gross margin for  IL has been  impacted by a  slight
  reduction in volume, continued pricing pressure and an overall increase
  in occupancy costs  with the  addition of  a new  facility which  began
  limited production  in the  current quarter.    CST's margin  has  been
  negatively impacted this quarter due to  a continuing combination of  a
  decrease in sales  volume, pricing and  product mix.   Overall  margins
  have and will continue to be impacted as a result of continued  pricing
  pressures driven  by  Far East  competitors.   Realignment  of  certain
  manufacturing processes within existing facilities and the installation
  of  machinery  and  building  improvements  in  the  new  manufacturing
  facility in IL continued  during the second  quarter and will  continue
  into the next quarter.

  The  net  sales  for  the  six  months  ended  October  31,  1999  were
  $48,280,000, increasing by 1% from $47,655,000 for the same period last
  year.  The net sales  of IL, CST, SVPC  and Infovision for fiscal  2000
  were $32,248,000, $8,574,000, $6,594,000 and $864,000, respectively, as
  compared to  $34,405,000, $12,638,000,  $0  and $0,  respectively,  for
  fiscal 1999.  The fiscal 1999 sales also included revenues of  $612,000
  from CSIL, which was divested as of July  27, 1998.  Net sales to  four
  individual  customers  accounted  for  approximately 53% in the current
  year compared to the same period last year  in  which  three  customers
  accounted for approximately 58% of net sales.  The gross profit for the
  six  months ended October 31, 1999 was $3,479,000 or 7.2% of net sales,
  compared to $7,133,000 or 15.0% of net sales for the same period in the
  prior year.  The gross profit for the Company was affected  by the same
  factors as noted above.

  Sales and marketing, and administrative expenses for the three and  six
  months ended October 31, 1999, were $2,431,000 or 9.8% of net sales and
  $4,763,000 or 9.9% of net  sales, respectively, compared to  $1,585,000
  or 6.3% of net sales and $3,292,000 or 6.9% of net sales, respectively,
  for the same periods last year.  The increase in operating expenses  is
  due primarily to  the acquisition of  SVPC and  Infovision, which  have
  increased these expenses by $815,000 and  $1,486,000 for the three  and
  six months ended October 31, 1999, respectively.

  Operating expenses  for the  six months  ended  October 31,  1998  also
  included a restructuring  charge of $1,520,000  (which was recorded  in
  the first quarter of fiscal year  1999) relating to the  reorganization
  of the Company's management and plant operations.  The majority of  the
  charge relates  to  severance and  other  termination benefits  for  an
  executive vice  president  and  five other  managers  and  supervisors.
  Excluding  the  restructuring  charge,   income  from  operations   was
  $3,841,000 or 8.1% of  net sales for the  six months ended October  31,
  1998 compared to a  loss from operations of  $1,284,000 or 2.7% of  net
  sales for the six months ended October 31, 1999.
<PAGE>
  Other deductions-net for  the three and  six months  ended October  31,
  1999, were $856,000 and $1,694,000, respectively, compared to  $534,000
  and $1,133,000, respectively, for the same  periods in the prior  year.
  Interest expense increased to $1,098,000 and $2,083,000,  respectively,
  in 1999, compared  to $713,000  and $1,440,000,  respectively, for  the
  same periods last year.  The increase is due to the SVPC acquisition in
  December 1998, the Infovision acquisition in September 1999,  increased
  borrowings under the line of credit to fund additional working  capital
  needs and  an increase  in installment  obligations to  fund  equipment
  purchases and the new facility expansion.   The  equity in the earnings
  of  SigmaTron increased to $166,000 for the current six months compared
  to $75,000 for the same period last year.

  The effective income tax rate for the six months ended October 31, 1999
  is  (34.9)%,  compared  to  the rate  for the same period  last year of
  37.6%.  The lower effective income tax rates  are  due to the inability
  to recognize the tax benefits  of  certain state and foreign (in fiscal
  1999) net operating losses.

  The net loss and diluted  loss per share for  the three months and  six
  months ended October 31, 1999, were $783,000 or $.18, and $1,940,000 or
  $.47,  respectively,  compared  to  net  earnings  and diluted earnings
  per  share  for the three and six  month  periods in the prior  year of
  $1,240,000 or $.29 and $741,000  or $.17, respectively.


  LIQUIDITY  AND  CAPITAL  RESOURCES

  The  Company  has   historically  financed   its  operations,   capital
  expenditures, stock repurchases and  debt payment requirements  through
  its line of credit, other collateralized borrowings and cash  generated
  from operations.

  The Company's line of credit agreement (as amended)  allows for maximum
  borrowings of $16,000,000  and is limited to  85% of eligible  accounts
  receivable, 50%  to  75% of  eligible  finished goods  (not  to  exceed
  $2,500,000), 50%  of eligible  raw material  inventory (not  to  exceed
  $2,000,000)  and  60%  of  the  fair  market  value  of  the  Company's
  investment in SigmaTron  (not to exceed  $2,000,000).   At October  31,
  1999, there was no  unused credit available under  the line of  credit.
  The agreement contains certain covenants, which restrict the amount  of
  dividends the Company could pay, capital stock redemptions, and capital
  expenditures.  Other financial covenants pertain to the maintenance  of
  specified debt  to  tangible net  worth  and debt  service  ratios  and
  minimum EBITDA and tangible net worth as defined.  At October 31, 1999,
  the  Company  was  in  violation  of  its  tangible  net worth, debt to
  tangible net worth,  minimum EBITDA,  debt service ratio and annualized
  capital expenditure covenants.   Although the Company is  expecting its
  lender to waive these covenants as of October 31, 1999 it  is  unlikely
  that the Company will return to  compliance with all of these covenants
  in the near future.  Therefore,  the long-term  portion  of the line of
  credit and term note of $22,699,000  has  been classified  as a current
  liability  pending covenant  amendments  or a waiver which would extend
  beyond one year.


<PAGE>
  On September  10, 1999,  the Company  acquired all  of the  outstanding
  shares  of  the stock  of Infovision.  Infovision  specializes  in  two
  markets:  1)  the  rendering  of  consulting  and  programming services
  and  currently  has  approximately 55 full-time consultants, and 2) the
  development  and licensing  of  a  certain  software  product, which is
  being  finalized  for general release, which documents  a company's ISO
  procedures, with internet/intranet capabilities.  The purchase price of
  $3,750,000  (plus acquisition costs)  consists  of cash of  $1,440,000,
  subordinated term notes of $1,785,000  with installment  terms  ranging
  from two to five years and $525,000 of the Company's common stock.  The
  cash portion of the purchase price was funded by a  $1,000,000 increase
  in  the  Company's  installment  note to its  commercial lender and the
  remainder from its line  of credit.   The  Company's president/CEO  and
  his wife owned 14%  of  the  Infovision  common  stock  and  affiliates
  of the president/CEO owned 36% of the Infovision common stock.

  The acquisition will be accounted for  under the purchase method.   The
  purchase price, including direct costs of acquisition, was allocated to
  the assets acquired and liabilities assumed based upon their  estimated
  fair values.   Results of operations  for Infovision  is included  with
  those of  the Company  since September  10, 1999.   The  excess of  the
  purchase price over  the net  assets acquired,  which is  approximately
  $4,517,000, is being amortized to operations over 15 years.  Subsequent
  to  the  acquisition,  in  conjunction  with  the  purchase  agreement,
  approximately $962,000 of a  note payable and  accrued interest due  to
  the Company's President/CEO  was converted  into  approximately 455,000
  shares of Company stock.

  The Company  has  purchase  commitments  as  of  October  31,  1999  of
  approximately  $1,300,000  for  future  deliveries  of  machinery   and
  equipment and  building improvements  for the  Antioch property.    The
  Company  intends  to  finance  such  purchases  through  collateralized
  borrowings and existing  cash flow. The  amount of anticipated  capital
  expenditures will frequently change based on future changes in business
  plans.

  The Company's backlog at October 31, 1999 is approximately $26,073,000,
  compared to $16,419,000 at October 31,  1998.  Backlog is comprised  of
  orders for which artwork  has been received, a  delivery date has  been
  scheduled and the  Company reasonably anticipates  it will  manufacture
  and deliver the order.  The majority of the October 31, 1999 backlog is
  scheduled to be shipped within approximately 4 months. The  reliability
  of  backlog  as  an  indicator  of  future  sales  varies substantially
  with  the  make-up  of  customer's orders and the  Company's  scheduled
  production and delivery dates.  A significant portion of  the Company's
  backlog  at  any time  may be subject  to cancellation  or postponement
  without penalty.
<PAGE>
  YEAR 2000 COMPLIANCE

  During the  first  six months,  the  Company continued  its  Year  2000
  compliance project as previously discussed in its 1999 Form 10-K.

  The Company  has substantially  completed its  internal assessments  of
  operations, equipment, etc. within each of its plants.  The Company has
  completed  the  implementation  of  its  Enterprise  Resource  Planning
  ("ERP") II systems within the IL and CST operations.  In addition,  the
  Company has selected,  purchased and  begun implementation  of a  human
  resource/payroll software  program.   Management  intends to  run  this
  program simultaneous with  its current  software module  within the  IL
  operations during December  and intends  to   "go live"  on January  1,
  2000.

  SVPC, and CST and Infovision currently  outsource  this  function,  but
  will implement the same program in calendar 2000.

  The Company's team  of officers and managers has developed  a  detailed
  contingency plan to address each of its facilities.  The teams have met
  on several occasions  and  have  substantially completed  their  formal
  plans.

  The Company has expended approximately  $700,000 in external costs  and
  it anticipates  it  will  spend an  additional  $75,000  for  hardware,
  software  and  implementation  costs  prior  to  December  31.    These
  estimates  are  subject  to   change  as  additional  information   and
  assessments become available.

  The Company's assessments and plans to  complete its Year 2000  project
  are  based  upon  management's  best  estimates,  which  were   derived
  utilizing presently  available  information  and  numerous  assumptions
  about future events such as availability of certain resources,  ability
  to identify and correct  relevant codes and  other uncertainties.   The
  Company believes that  its compliance with  Year 2000  issues will  not
  have a material adverse impact on its business, operations or financial
  condition.

  Item 3.  Quantitative and Qualitative Disclosures about Market Risks
           Not Applicable.

  PART II -   OTHER  INFORMATION

  Item  6.  Exhibits and Reports on Form 8-K
            (a)Exhibits
            (b)Reports on Form 8-K
               None.

<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, registrant's principal financial officer, thereunto
  duly authorized.

        ___________________________________________________________


                                      Circuit Systems, Inc.
                                      (registrant)



                                      /s/  James E. Robbs
                                      James E. Robbs
                                      Chief Financial Officer
                                      (Principal Financial Officer)


       December 15, 1999