MECHANICAL TECHNOLOGY INC
10-Q/A, 1996-02-12
MEASURING & CONTROLLING DEVICES, NEC
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                    SECURITIES AND EXCHANGE COMMISSION

                          WASHINGTON, D. C. 20549
                          -----------------------
     
                                FORM 10-Q/A


/X/ Quarterly report pursuant to section 13 or 15 (d) of the Securities     
    Exchange Act of 1934

    For the quarterly period ended December 29, 1995

/ / Transition report pursuant to Section 13 or 15 (d) of the Securities    
    Exchange Act of 1934

    For the period from                   to                 

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                       COMMISSION FILE NUMBER 0-6890

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                    MECHANICAL TECHNOLOGY INCORPORATED
          (Exact name of registrant as specified in its charter)


NEW YORK                                                    14-1462255     
(State or other jurisdiction of                         (I.R.S. Employer   
incorporation or organization)                          Identification No.)


968 ALBANY-SHAKER RD., LATHAM, NEW YORK                            12110   
(Address of principal executive offices)                         (Zip Code)


                              (518) 785-2211
            Registrant's telephone number, including area code


                              NOT APPLICABLE
(Former name, former address and 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   

           CLASS                           OUTSTANDING AT DECEMBER 29, 1995
COMMON STOCK, $1.00 PAR VALUE                        3,568,868  SHARES     

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MECHANICAL TECHNOLOGY INCORPORATED


PART I FINANCIAL INFORMATION


Item 27 . Financial Data Schedule


           
                            















































                                 SIGNATURE


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.





                             MECHANICAL TECHNOLOGY INCORPORATED







 2-12-96                                /s/  STEPHEN T. WILSON             
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(Date)                                 Stephen T. Wilson                   
                                       Chief Financial Officer             
                                































<TABLE> <S> <C>

<ARTICLE> 5
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          SEP-30-1996
<PERIOD-END>                               DEC-29-1995
<CASH>                                             292
<SECURITIES>                                         0
<RECEIVABLES>                                    6,607
<ALLOWANCES>                                       109
<INVENTORY>                                      3,795
<CURRENT-ASSETS>                                10,802
<PP&E>                                          19,166
<DEPRECIATION>                                  16,450
<TOTAL-ASSETS>                                  13,617
<CURRENT-LIABILITIES>                            9,969
<BONDS>                                              0
<COMMON>                                         3,569
                                0
                                          0
<OTHER-SE>                                     (6,821)
<TOTAL-LIABILITY-AND-EQUITY>                    13,617
<SALES>                                          7,401
<TOTAL-REVENUES>                                 7,401
<CGS>                                            4,758
<TOTAL-COSTS>                                    6,847
<OTHER-EXPENSES>                                    44
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                 263
<INCOME-PRETAX>                                    247
<INCOME-TAX>                                         7
<INCOME-CONTINUING>                                240
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                       240
<EPS-PRIMARY>                                      .07
<EPS-DILUTED>                                      .07
        

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