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                                  Exhibit 5
A
 
                                                         CUSIP 533543 20 3
 
                INCORPORATED UNDER THE LAWS OF THE STATE OF OHIO
                          THE LINCOLN ELECTRIC COMPANY
                                CLEVELAND, OHIO
 
THIS CERTIFIES THAT
 
is the owner of                                            Class A Common Shares
without par value, fully paid and non-assessable, of
 
                          THE LINCOLN ELECTRIC COMPANY
 
transferable on the books of said Company in person or by duly authorized
attorney upon surrender of this Certificate duly endorsed.
 
      This certificate shall not be valid until countersigned by the Transfer
Agent and registered by the registrar.
 
      WITNESS the seal of the Company and the signatures of its duly authorized
officers.
 
Dated:
/s/ F.G. Stone                                             /s/ D.F. Hastings
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            Secretary                                      Chairman of the Board



Countersigned and Registered
                       KEYCORP SHAREHOLDER SERVICES, INC.
                               (Cleveland, Ohio)
                                                    Transfer Agent and Registrar
By
 
                                                            Authorized Signature

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For value Received                        hereby sell, assign, and transfer unto
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of the Shares represented by the within Certificate
and do hereby irrevocably constitute and appoint
 
                                                                      Attorney
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to transfer the said Shares on the Books of the within named Company with full
power of substitution in the premises
Dated                         19
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In Presence of
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NOTICE THE SIGNATURE OF THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN
UPON THE FACE OF THIS CERTIFICATE IN EVERY PARTICULAR WITHOUT ALTERATION OR
ENLARGEMENT OR ANY CHANGE WHATEVER