SHELDAHL INC
10-Q/A, 1998-08-18
PRINTED CIRCUIT BOARDS
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SECURITIES AND EXCHANGE COMMISSION
Washington, DC   20549

Form 10-Q / A



 
(X)	QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE 
ACT OF 1934 	(Amendment No. 1)

	OR

(  )	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES 
EXCHANGE ACT OF 1934


For Quarter Ended May 29, 1998	Commission File Number:  0-45


	SHELDAHL, INC.
	(exact name of registrant as specified in its charter)



            Minnesota                                 41-0758073
(State or other jurisdiction of	(IRS Employer Identification Number)
incorporation or organization)




           Northfield,Minnesota                              55057 
(Address of principal executive offices)	(zip code)



Registrant's telephone number, including area code: (507) 663-8000 

As of July 1, 1998, 9,640,659 shares of the Registrant's common stock were 
outstanding.

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
<PAGE>

PART II - OTHER INFORMATION


SHELDAHL, INC. AND SUBSIDIARY
FORM 10-Q /A


Item 5.	Other Information

	The deadline for submission of shareholder proposals pursuant to Rule 14a-
8 under the Securities Exchange Act of 1934, as amended, for inclusion in the 
Company's proxy statement for its 1999 Annual Meeting of Shareholders is 
August 2, 1998.  Additionally, pursuant to the advance notice provisions of 
the Company's bylaws regarding properly brought business, if the Company 
receives notice of a shareholder proposal before November 15, 1998 or after 
November 30, 1998, such proposal will be considered untimely and not of a 
nature that is appropriate for consideration at the 1999 Annual Meeting of 
Shareholders. 

<PAGE>

	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.


SHELDAHL, INC.
(Registrant)



Dated:  August 13, 1998         	By	/s/ James E. Donaghy                  
Chief Executive Officer



Dated:  August 13, 1998         	By	/s/ Edward L. Lundstrom             
President



Dated:  August 13, 1998         	By	/s/ John V. McManus                   
Vice President, Finance
<PAGE>


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