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 MAR-31-1997 MAR-31-1997 854 548 10,388 8 6,609 19,747 24,849 15,359 31,196 9,475 2,764 0 0 159 12,351 31,196 14,328 14,328 10,202 10,202 0 0 65 990 337 653 0 0 0 653 0.40 0.40