<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from Graco Inc. and Subsidiearies consolidated balance sheets for the quarterly period ending September 25, 1998 and is qualified in its entirety by reference to such statements. </LEGEND> <CIK> 0000042888 <NAME> GRACO INC. <MULTIPLIER> 1,000 <CURRENCY> U.S. DOLLARS <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-25-1998 <PERIOD-START> JUN-27-1998 <PERIOD-END> SEP-25-1998 <EXCHANGE-RATE> 1 <CASH> 3,642 <SECURITIES> 0 <RECEIVABLES> 83,677 <ALLOWANCES> 4,827 <INVENTORY> 40,075 <CURRENT-ASSETS> 139,668 <PP&E> 200,338 <DEPRECIATION> 102,953 <TOTAL-ASSETS> 244,827 <CURRENT-LIABILITIES> 77,610 <BONDS> 149,831 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 20,088 <OTHER-SE> (23,300) <TOTAL-LIABILITY-AND-EQUITY> 244,827 <SALES> 106,202 <TOTAL-REVENUES> 106,202 <CGS> 52,221 <TOTAL-COSTS> 52,221 <OTHER-EXPENSES> 37,258 <LOSS-PROVISION> 243 <INTEREST-EXPENSE> 2,569 <INCOME-PRETAX> 16,723 <INCOME-TAX> 5,650 <INCOME-CONTINUING> 11,073 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 11,073 <EPS-PRIMARY> .54 <EPS-DILUTED> .53