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                                                                       Exhibit 1

                      MICRION CORPORATION AND SUBSIDIARIES
<TABLE>
                 Statement of Computation of Per Share Earnings

<CAPTION>

                                                  (UNAUDITED)                     (UNAUDITED)
                                              For the three months            For the nine months
                                                 ended March 31,                 ended March 31,
                                              1996            1997            1996            1997
                                              ----            ----            ----            ----
                                                       (in thousands except per share data)

<S>                                          <C>             <C>             <C>             <C>   
Net Income ........................          $  446          $  542          $1,513          $2,517

(a) Computation of Primary Earnings
     per Share:

Weighted average common
equivalent shares outstanding
  Common stock ....................           3,907           4,039           3,905           4,035
  Common stock equivalents:
    Warrants(1) ...................              53              65              49              54
    Options (2) ...................              94             204              66             125
                                             ------          ------          ------          ------
Weighted average common and
common equivalent shares
outstanding .......................           4,054           4,308           4,020           4,214
                                             ======          ======          ======          ======


 Primary Earnings per Share .......          $ 0.11          $ 0.13          $ 0.38          $ 0.60
                                             ======          ======          ======          ======


(b) Computation of Fully Diluted
     Earnings per Share:

Weighted average common
equivalent shares outstanding
  Common stock ....................           3,907           4,039           3,905           4,035
  Common stock equivalents:
    Warrants(1) ...................              55              66              51              57
    Options (2) ...................             107             218              78             150
                                             ------          ------          ------          ------
Weighted average common and
common equivalent shares
outstanding .......................           4,069           4,323           4,034           4,242
                                             ======          ======          ======          ======


 Fully Diluted Earnings per Share .          $ 0.11          $ 0.13          $ 0.38          $ 0.59
                                             ======          ======          ======          ======
<FN>


(1)  Warrants issued 5/94 for 100,000 shares, less shares reacquired under the
     treasury stock method.

(2)  Options granted 12/94, 5/95, 12/95, 1/96, 7/96 and 11/96 under option plan,
     less shares reaquired under the treasury stock method.

</TABLE>

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