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                       SECURITIES AND EXCHANGE COMMISSION
                                        
                             Washington, D.C. 20549
                                        
                                    FORM 8-K
                                        
                                 CURRENT REPORT
                                        
     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
                                        
         Date of Report (Date of earliest event reported): May 19, 1998
                                        
                                        
                          THE LINCOLN ELECTRIC COMPANY
             (Exact name of registrant as specified in its charter)



            Ohio                      0-1402                34-0359955
(State or other jurisdiction    (Commission File No.)       (IRS Employer
      of incorporation)                                     Identification No.)


                 22801 St. Clair Avenue, Cleveland, OH 44117
            (Address of principal executive offices)   (Zip Code)
                                        
       Registrant's telephone number, including area code: (216) 481-8100
                                        
                                        
                                      N/A
         (Former name or former address, if changed since last report)
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Item 5.   Other Events.

          On May 19, 1998, The Lincoln Electric Company distributed the press
release that is incorporated herein by reference and being filed as an exhibit
to the report on this form.

Item 7.   Financial Statements, Pro Forma Financial Information and Exhibits.

Exhibits
- --------

99        Press Release of The Lincoln Electric Company dated May 19, 1998.








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                                   SIGNATURES


     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                  THE LINCOLN ELECTRIC COMPANY



                                  By:  /s/ H. Jay Elliott
                                     -------------------------
                                       H. Jay Elliott
                                       Senior Vice President, Chief Financial
                                       Officer and Treasurer


Date: May 20, 1998





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                                 Exhibit Index


Exhibit        Description of Exhibit
- -------        ----------------------

99             Press Release of The Lincoln Electric Company dated May 19, 1998.






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