FSI INTERNATIONAL INC
10-C, 1995-03-16
SPECIAL INDUSTRY MACHINERY, NEC
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                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                             ----------------------

                                   FORM 10-C

                REPORT BY ISSUER OF SECURITIES QUOTED ON NASDAQ
                INTER-DEALER QUOTATION SYSTEM FILED PURSUANT TO
               SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
                 OF 1934 AND RULES 13a-17 AND 15d-17 THEREUNDER

                            FSI INTERNATIONAL, INC.
                            -----------------------
                 (Exact Name of Issuer as Specified in Charter)

                            322 LAKE HAZELTINE DRIVE
                            CHASKA, MINNESOTA 55318
                            -----------------------
                    (Address of Principal Executive Offices)

                                 (612) 448-5440
                                 --------------
                (Issuer's Telephone Number, Including Area Code)

                   I. CHANGE IN NUMBER OF SHARES OUTSTANDING

       Indicate any change (increase or decrease) of five percent or more in the
number of shares outstanding:

1.    Title of security:  Common Stock, no par value

2.    Number of shares outstanding before the change:  7,970,508
 
3.    Number of shares outstanding after the change:  8,502,910
 
4.    Effective date of change:  March 8, 1995

5.    Method of change:  Exercise of stock options for 1,666 shares; issuance
of 530,736 shares of Common Stock in connection with FSI International, Inc.'s
acquisition of Applied Chemical Solutions.

                          II. CHANGE IN NAME OF ISSUER

      Not applicable.
                                      FSI INTERNATIONAL, INC.

                                         
Date: March 15, 1995                 By:    /s/ Benno G. Sand
                                        ---------------------------------
                                           
                                      Its:  Executive Vice President and
                                            Chief Financial Officer
                                          -------------------------------


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