1
             Exhibit (15) Letter Re: Unaudited Financial Information


Board of Directors and Shareholders
Park-Ohio Industries, Inc.


We are aware of the incorporation by reference in the Registration Statements on
Form S-3 and Forms S-8 (relating to the 1992 Stock Option Plan and the
Individual Account Retirement Plan) of Park-Ohio Industries, Inc. for the
registration of 363,094 shares, 350,000 shares and 1,500,000 shares,
respectively, of its common stock of our report dated April 22, 1996, relating
to the unaudited condensed consolidated interim financial statements of
Park-Ohio Industries, Inc., which are included in its Form 10-Q for the quarter
ended March 31, 1996.

Pursuant to Rule 436(c) of the Securities Act of 1933 our report is not a part
of the registration statement prepared or certified by accountants within the
meaning of Section 7 or 11 of the Securities Act of 1933.



                                        /s/ Ernst & Young LLP



April 22, 1996
Cleveland, Ohio