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                                                                  Exhibit 23

                    REPORT OF INDEPENDENT ACCOUNTANTS



To the Shareholders and Directors of Ferrofluidics Corporation:

Our report on the consolidated  financial statements of Ferrofluidics 
Corporation is included on page 21 of this Form 10-K.  In connection with our
audits of such financial statements, we have also audited the related financial
statement schedule listed in the index on page 46 of this Form 10-K.

In our opinion, based on our audit of the Company's balance sheet as of June
30, 1995 and 1994 and the related statements of operations, retained earnings
and cash flows for the years ended June 30, 1995 and 1994, the amounts
contained in the financial statement schedule referred to above as of June
30, 1995 and 1994 and for the  years ended June  30, 1995 and 1994, when
considered in relation to the basic financial statements taken as whole,
present fairly, in all material respects, the information required to be
included as of that date.  Because of the matters referred to in the fourth
paragraph of our report, we are unable to and do not report on other amounts
contained in the financial statement schedule.



/s/ Coopers & Lybrand L.L.P.
Manchester, New Hampshire
August 31, 1995







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