<ARTICLE>                            5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
LIFSCHULTZ INDUSTRIES, INC. FINANCIAL STATEMENTS CONTAINED IN THIS REPORT AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENT.
</LEGEND>

                                                 
<PERIOD-TYPE>                                             3-MOS
<FISCAL-YEAR-END>                                   JUL-31-2001
<PERIOD-END>                                        OCT-31-2000
<CASH>                                                  772,000
<SECURITIES>                                          1,008,000
<RECEIVABLES>                                         2,941,000
<ALLOWANCES>                                                  0
<INVENTORY>                                           4,950,000
<CURRENT-ASSETS>                                      9,964,000
<PP&E>                                                3,714,000
<DEPRECIATION>                                                0
<TOTAL-ASSETS>                                       17,362,000
<CURRENT-LIABILITIES>                                 2,277,000
<BONDS>                                                       0
<PREFERRED-MANDATORY>                                         0
<PREFERRED>                                                   0
<COMMON>                                                  1,000
<OTHER-SE>                                           12,759,000
<TOTAL-LIABILITY-AND-EQUITY>                         17,362,000
<SALES>                                               4,629,000
<TOTAL-REVENUES>                                      4,629,000
<CGS>                                                 2,689,000
<TOTAL-COSTS>                                         2,689,000
<OTHER-EXPENSES>                                      1,577,000
<LOSS-PROVISION>                                              0
<INTEREST-EXPENSE>                                       58,000
<INCOME-PRETAX>                                         305,000
<INCOME-TAX>                                            121,000
<INCOME-CONTINUING>                                     184,000
<DISCONTINUED>                                                0
<EXTRAORDINARY>                                               0
<CHANGES>                                                     0
<NET-INCOME>                                            184,000
<EPS-BASIC>                                                0.16
<EPS-DILUTED>                                              0.14