5

The schedule contains summary financial information extracted from the Graham Corporation consolidated balance sheet and consolidated statement of operations and retained earnings and is qualified in its entirety by reference to such financial statements.

1,000 3-MOS DEC-31-1996 MAR-31-1996 551 0 9,201 0 6,319 17,065 23,453 14,673 27,482 9,718 3,076 106 0 0 8,731 27,482 11,671 11,671 8,424 8,424 0 0 126 571 207 364 0 0 0 364 0.34 0.34