SECURITIES AND EXCHANGE COMMISSION

          Washington, DC 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 from                     to                   
            

          Commission File Number  1-9788
                                  ______


          LANDAUER, INC.
          --------------------------
          (Exact name of registrant as specified in its charter)


          Delaware                                   06-1218089
          -------------------------------            ----------------------
          (State or other jurisdiction of            (I.R.S. Employer
          incorporation or organization)             Identification Number)



          2 Science Road, Glenwood, Illinois 60425
          ------------------------------------------
          (Address of principal executive offices and Zip Code)


          Registrant's telephone number, including area code (708) 755-7000



          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     .
                                                   ___     ____


          Indicate the number of shares outstanding of each of the issuer's
          classes of common stock, as of the latest practicable date. 

          Class                             Outstanding at May 13, 1997
          ---------------------------       ----------------------------
          Common stock, $.10 par value      8,482,285




          PART I.                 FINANCIAL INFORMATION


                                     LANDAUER, INC. 

                                     Balance Sheets
                                        (000's)


                                        ASSETS
                                        ______
     <TABLE>
     <CAPTION>
                                         March 31,           Sept. 30,
                                              1997                1996
                                       -----------          ----------
                                                          derived from
                                       (unaudited)(audited statements)
     <S>                                       <C>                 <C>
     Current assets:

      Cash and cash equivalents           $  4,043            $  3,359
      Short-term investments                 4,450               7,885
      Accounts receivable
       less allowances of
        $134,000 at 3/31/97
       and $161,000 at 9/30/96               8,643               7,545
      Inventories                            1,196                 879
      Prepaid expenses                         125                 152
      Deferred taxes on income               1,499               1,499
                                           -------             -------
     Total current assets                   19,956              21,319

     Property, plant and equipment,         19,001              18,065
      at cost Less: Accumulated
        depreciation and amortization       11,132              10,340
                                          --------            --------
     Net property, plant and equipment       7,869               7,725

     Investment in U.S. Treasury Securities  4,976               2,936
     Cost of purchased businesses in excess
      of net assets acquired                 2,696               2,779
     Equity in Japanese joint venture        3,640               4,069
     Other assets                            3,020               2,775
                                         ---------           ---------
                                          $ 42,157            $ 41,603
                                          ========            ========
     </TABLE>


     The accompanying notes are an integral part of these financial statements.


 
                                   LANDAUER, INC.

                               Balance Sheets (Cont'd.)
                                       (000's)


                       LIABILITIES AND STOCKHOLDERS' INVESTMENT
                       ________________________________________
     <TABLE>
     <CAPTION>
                                         March 31,           Sept. 30,
                                              1997                1996
                                         ---------           ---------
                                                          derived from
                                       (unaudited)(audited statements)
     <S>                                       <C>                 <C>

     Current liabilities:

      Accounts payable                     $   405            $    422
      Deferred contract revenue              8,338               8,375
      Dividend payable                       2,543               2,331
      Accrued compensation and related costs
                                             1,111               1,235
      Accrued pension costs                  1,070               1,265
      Accrued expenses                       2,042               1,335
      Accrued taxes on income                1,299               1,781
                                           -------            --------
     Total current liabilities              16,808              16,744
                                           -------            --------

     Stockholders' investment:

      Preferred stock, $.10 par value per share -
        Authorized - 1,000,000 shares
        Outstanding - None                      --                  --
      Common stock, $.10 par value per share -
        Authorized - 20,000,000 shares 
        Outstanding - 8,477,285 shares         848                 848
        Premium paid in on common stock      7,705               7,642
        Cumulative translation adjustments   (197)                 238
        Retained earnings                   16,993              16,131
                                          --------            --------
     Total stockholders' investment         25,349              24,859
                                          --------            --------
                                          $ 42,157            $ 41,603
                                          ========            ========

     </TABLE>
 

     The accompanying notes are an integral part of these financial statements.


 
                                    LANDAUER, INC.

                                 Statements of Income
                          (000's, except per share amounts)
                                     (Unaudited)

     <TABLE>
     <CAPTION>
                                Three Months Ended    Six Months Ended
                           -----------------------  ------------------
                               March 31, March 31, March 31, March 31,
                                    1997      1996      1997      1996
                                --------    ------    ------   -------

     <S>                             <C>       <C>       <C>       <C>
     Net revenues               $ 10,441  $  9,492  $ 19,588  $ 18,178

     Costs and expenses:
      Cost of revenues             3,003     2,733     5,895     5,416
      Selling, general and
        administrative             2,800     2,557     5,137     4,939
                                  ------    ------    ------    ------
                                   5,803     5,290    11,032    10,355
                                  ------    ------    ------    ------
     Operating income              4,638     4,202     8,556     7,823

     Other income, net               383       408       757       803
                                  ------    ------    ------    ------
     Income before income taxes    5,021     4,610     9,313     8,626

     Income tax provision          1,838     1,708     3,365     3,218
                                  ------    ------   -------   -------

     Net income                 $  3,183  $  2,902   $ 5,948   $ 5,408
                                ========  ========  ========  ========
     Net income per share       $    .37  $    .34   $   .70   $   .64
                                ========  ========  ========  ========
     Average shares outstanding    8,477     8,477     8,477     8,477
                                ========  ========  ========  ========
     </TABLE>

      The accompanying notes are an integral part of these financial statements.


 

                                    LANDAUER, INC.

                              Statements of Cash Flows 
                                       (000's)
                                     (Unaudited)
     <TABLE>
     <CAPTION>                                              
                                                      Six Months Ended
                                                             
                                                  -----------------------
                                                    March 31,   March 31,
                                                         1997        1996
                                                    ---------   ---------
     <S>                                                  <C>         <C>
     Net cash flow from operating activities:
      Net income                                     $  5,948    $  5,408
        Adjustments to reconcile net income 
        to net cash from operating activities:
         Depreciation and amortization                  1,286       1,263
         Equity in net income of foreign affiliate      (371)       (489)
         Compensatory effect of stock options              63          35
         Increase in accounts receivable              (1,089)       (952)
         Decrease (increase) in inventories             (317)          15
         Decrease in prepaid expenses                      27         140
         Increase in accounts payable                    (17)       (234)
         Decrease (increase) in deferred contract revenue(37)         220
         Increase in accrued expenses                    (94)       (497)
         Net increase in other
          non-current assets                            (656)       (263)
                                                      -------     -------
         Net cash generated
          from operating activities                     4,743       4,646

     Cash flow used by investing activities:
      Purchases of U.S. Treasury Securities           (6,947)     (3,004)
      Maturities of U.S. Treasury Securities            8,342       5,500
      Acquisition of property, plant,
         and equipment                                  (936)       (794)
                                                      -------    --------
      Net cash generated from 
         investing activities                             459       1,702

     Cash flow from financing activities:
      Dividend received from foreign affiliate            356         386
      Dividends paid                                  (4,874)     (4,451)
                                                     --------    --------
      Net cash used by financing activities           (4,518)     (4,065)
                                                     --------    --------
     Net increase in cash                                 684       2,283

     Opening balance - cash and cash equivalents        3,359       1,915
                                                     --------    --------
     Ending balance - cash and cash equivalents      $  4,043    $  4,198
                                                     ========    ========
     Supplemental Disclosure of Cash Flow
       Information:
         Cash paid for income taxes                  $  3,399    $  4,157
                                                     ========    ========
     Supplemental Disclosure of Non-cash
       Financing Activity: Dividend declared         $  2,543     $ 2,331
        Foreign currency translation adjustment      $  (435) $     (304)
                                                     ========    ========
     </TABLE>
     The accompanying notes are an integral part of these financial statements.


 

                                   LANDAUER, INC. 

                    Notes to Financial Statements - March 31, 1997

                                     (Unaudited)

          (1)  Basis of Presentation 
               _____________________

               The  accompanying unaudited  condensed financial  statements
          reflect the financial position of  Landauer, Inc. ("Landauer") as
          of  March  31,  1997  and  September 30,  1996,  the  results  of
          operations for the three-month and  six-month periods ended March
          31, 1997 and 1996 and cash  flows for the six-month periods ended
          March 31,  1997  and 1996.   In  the opinion  of management,  the
          accompanying unaudited condensed financial statements contain all
          adjustments necessary to present fairly the financial position of
          Landauer as  of March  31, 1997 and  September 30, 1996,  and the
          results of operations  for the three-month and  six-month periods
          ended March 31, 1997  and 1996, and cash flows for  the six-month
          periods ended March 31, 1997 and 1996.

               The  accounting  policies followed  by  the Company  are set
          forth in Note 1 to the Company's financial statements in the 1996
          Landauer Annual  Report on  Form 10-K,  which is  incorporated by
          reference.
           
               The results of operations for  the three-month and six-month
          periods  ended  March  31,  1997 and  1996  are  not  necessarily
          indicative of the results to be expected for the full year.

           (2) Cash Dividends 
               ______________

               On March 7,  1997, the Company declared  a regular quarterly
          cash dividend in the amount of $.30 per share payable on April 4,
          1997, to stockholders  of record on March 21, 1997.   On November
          7, 1996, the Company  declared a regular quarterly cash  dividend
          in the amount  of $.30 per share  payable on January 9,  1997, to
          stockholders of record on December 27, 1996.

               Regular quarterly cash  dividends of $.275 per  share ($1.10
          annually) were declared during fiscal 1996.

             Management's Discussion and Analysis of Financial Condition
                              and Results of Operations

          Liquidity and Capital Resources
          _______________________________

               Landauer s cash flow  from operating activities for  the six
          months ended March  31, 1997 and 1996 amounted  to $4,743,000 and
          $4,646,000,  respectively.   Investing  activities for  the first
          half  of fiscal  1997  and 1996  resulted in  a  net decrease  in
          investments in principally U.S. Treasury securities of $1,395,000
          and $2,496,000, respectively.  Offsetting these were acquisitions
          of property,  plant and equipment  in the amount of  $936,000 and
          $794,000, respectively.  The  Company s financing activities were
          limited  to  payments  of  cash   dividends,  offset  by  foreign
          dividends received from Nagase-Landauer, Ltd., our Japanese joint
          venture.

                                   LANDAUER, INC. 

             Management's Discussion and Analysis of Financial Condition
                         and Results of Operations (Cont d.)





               The Company has no long-term liabilities and its requirement
          for  cash  flow  to  support  investing activities  is  generally
          limited.  Capital expenditures for the balance of fiscal 1997 are
          expected to  amount to approximately $1,500,000,  principally for
          computer hardware, the  development of software systems,  and the
          acquisition  of  equipment  to   support  growth  and  technology
          enhancements.    The  Company anticipates  that  funds  for these
          capital improvements will be provided from operations.

               The  Company  presently  maintains  no  external sources  of
          liquidity,  and,  in  the opinion  of  management,  resources are
          adequate for projected operations and capital spending  programs,
          as well as continuation of the regular cash dividend program.

               Landauer requires limited working capital for its operations
          since  many of its customers  pay for services  in advance.  Such
          advance   payments   amounted  to   $8,338,000   and  $8,375,000,
          respectively, as  of March 31,  1997 and September 30,  1996, and
          are included in  deferred contract revenue.   While these amounts
          represent  approximately  one-half of  current  liabilities, such
          amounts do not represent a cash requirement.

          Results of Operations
          _____________________

               Revenues for  the  quarter ended  March  31, 1997  were  10%
          higher compared  with the same quarter a  year ago.  The increase
          in  revenues  was   attributable  to   gains  in  the   Company s
          traditional  radiation  dosimetry business  and  growth in  radon
          protection  plan  services.   Gross  margins  were  71.2% of  the
          revenues for the second quarter of fiscal 1997 and fiscal 1996.

               Selling, general and  administrative expenses were  slightly
          lower for the current quarter  as a percent of revenues  at 26.8%
          compared to 26.9%  for the second quarter  of fiscal 1997.   As a
          result, operating income  for the second  fiscal quarter of  1997
          was 44.4% of revenues compared to 44.3% for  the same period last
          year.   Income before income taxes was  48.1% of the revenues for
          the quarter  just ended compared  to 48.6% for the  second fiscal
          quarter of 1996.

               The effective  tax rate  for the  Company during the  second
          quarter of fiscal 1997 was 36.6% compared with 37.0% for the same
          period last  year.   Resulting net income  of $3,183,000  for the
          second  fiscal  quarter  of  1997  was  almost  10%  higher  than
          $2,902,000 reported  in fiscal  1996.  Income  per share  for the
          quarter was  $.37 versus  $.34 for the  second fiscal  quarter of
          1996.

                                   LANDAUER, INC. 

             Management's Discussion and Analysis of Financial Condition
                         and Results of Operations (Cont d.)


               Revenues for  the six months  ended March 31, 1997,  were 8%
          higher compared with the  first six months of  fiscal 1996.   The
          increase  in revenues was attributable to  gains in the Company s
          traditional  radiation  dosimetry  business and  growth  in radon
          protection plan  services.  Gross  margins for the first  half of
          fiscal 1997  were 69.9%  of revenues compared  with 70.2%  a year
          ago.  The decrease in gross margins  was principally attributable
          to  expected  overhead  costs  associated  with  increased  radon
          protection plan services activities compared with a year ago.

 

               Selling, general, and administrative expenses were lower for
          the first half of  fiscal 1997 as a percent of  revenues at 26.2%
          compared to 27.2% for the first half of  fiscal 1996 reflecting a
          moderate rate of growth in operating expenses relative to revenue
          growth.  Operating income  for the first half of  fiscal 1997 was
          43.7% of  revenues compared with  43.0% for the same  period last
          year.  Income  before income taxes was 47.5% of  revenues for the
          six months just ended  which is comparable to the same  period in
          fiscal 1996.

               The effective tax rate for the Company during the first half
          of  fiscal  1997  was  36.1%  compared with  37.3%  a  year  ago.
          Resulting net  income of $5,948,000  for the first six  months of
          1997  was 10%  higher than  $5,408,000 reported  in  fiscal 1996.
          Income per share thus far in fiscal 1997 was $.70 versus $.64 for
          the same period in fiscal 1996.

                                    LANDAUER, INC.

                                    March 31, 1997

          PART II.  OTHER INFORMATION

          Item 2.   Legal Proceedings


               Landauer  is  involved  in  various  legal  proceedings  but
          believes that these matters  will be resolved without a  material
          effect on its financial position.

          Item 4.   Submission of Matters to a Vote of Security Holders
                    ___________________________________________________

               At  its  Annual  Meeting  held  on  January  29,  1997,  the
          shareholders  voted  to  re-elect  Thomas   M.  Fulton,  Paul  B.
          Rosenberg, and Herbert Roth Jr. as directors for three-year terms
          and voted to  elect Robert J. Cronin  and Richard R. Risk  as new
          directors  for two-year  terms.   Voting  for  all nominees  were
          6,756,484   shares   (representing    79.7%   of   total   shares
          outstanding), and votes for 46,177 shares  were withheld from all
          nominees.  Continuing  as directors are Gary D.  Eppen, Marvin G.
          Schorr, and Michael D. Winfield.

               Shareholders  voted   to  approve   the  1997   Non-Employee
          Directors Stock Option  Plan with 6,051,200 shares  (representing
          71.3%  of  total  shares outstanding)  voting  for  the proposal,
          307,486 against, and 277,711 abstaining.

               The shareholders also voted to reappoint Arthur Andersen LLP
          as the Company s auditors for the following year,  with 6,715,146
          shares  (79.2%  of total  shares  outstanding) voting  for, 7,036
          shares against, and 19,977 shares abstaining.

          Item 6.   Exhibits and Reports on Form 8-K
                 

               (a)  No exhibits are filed with this report.
               (b)  There were  no reports on  Form 8-K during  the quarter
          for which this report is filed.
                                      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.

                                                             LANDAUER, INC.





          Date:  May 13, 1997 

                                                     /s/ James M. O Connell
                                            _______________________________
                                                         James M. O'Connell
                                               Vice President and Treasurer
                                                   (Principal Financial and
                                                        Accounting Officer)