LECROY CORP
10-Q/A, 1996-11-15
INSTRUMENTS FOR MEAS & TESTING OF ELECTRICITY & ELEC SIGNALS
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                                UNITED STATES
                     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 September 30, 1996

                                      OR

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


                         Commission File Number 0-26634


                                LeCROY CORPORATION
              (Exact name of Registrant as specified in its charter)

            DELAWARE                                    13-2507777
    (State or other jurisdiction                     (I.R.S. Employer
  of Incorporation or organization)                 Identification No.)
  
           700 CHESTNUT RIDGE ROAD, CHESTNUT RIDGE , NEW YORK  10977
   (Address of principal executive office)                   (Zip Code)

     Registrant's telephone number, including area code:  (914) 425-2000



The undersigned Registrant hereby amends the Notes to Condensed Consolidated
Financial Statements of its Report on Form 10-Q for the quarterly period ended
September 30, 1996 as set forth in the page attached hereto for the purpose of
including a forward-looking statements discussion.


Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this amendment to be signed on its behalf by the
undersigned, thereunto duly authorized.



                                          LECROY CORPORATION

								
                                          BY:  /S/JOHN C. MAAG        
                                                  John C. Maag
                                                  Vice President-Finance,
                                                  Chief Financial Officer,
                                                  Secretary and Treasurer

Date:	November 6, 1996

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                                LeCROY CORPORATION

        NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (RESTATED)

                                   (Unaudited)


Basis of Presentation

In the opinion of management, the accompanying unaudited interim condensed
consolidated financial statements reflect all adjustments, of a normal and
recurring nature, necessary to present fairly the results for the interim
periods presented.

Certain information  and footnote disclosures normally included in financial
statements prepared in accordance with generally accepted accounting principles
have been condensed or omitted. The year-end balance sheet data was derived
from audited financial statements, but does not include all disclosures
required by generally accepted accounting principles. It is suggested that
these condensed statements be read in conjunction with the Corporation's
most recent Form 10-K and Annual Report as of June 30, 1996.

This Form 10-Q contains forward-looking statements which involve risks and
uncertainties.The Company's actual results may differ significantly from the
results discussed in the forward-looking statements. Factors that might
cause the Company's actual results or activities to differ materially from
these forward-looking statements include but are not limited to: the effect of
economic conditions, including the effect on purchases by the Company's
customers; competitive factors, including pricing pressures, technological
developments and products offered by customers; changes in product sales and
mix; the Company's ability to deliver a timely flow of competitive new
products and market acceptance of these products; inventory risks due to
changes in market demand or the Company's business strategies; currency
fluctuations; the effect of the Company's accounting policies; and other
risk factors listed from time to time in the Company's reports filed with the
Securities and Exchange Commission and press releases.  

Results for the interim period are not necessarily indicative of the results
that may be expected for the entire year.




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