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):  January 26, 1994  
               


                           CLARK EQUIPMENT COMPANY
            (Exact name of registrant as specified in its charter)



       Delaware                    1-5646                 38-0425350
(State or other juris-          (Commission             (IRS Employer
diction of incorporation)       File Number)     Identification Number)



100 North Michigan Street
P. O. Box 7008
South Bend, Indiana
(Address of principal                                       46634
executive offices)                                       (Zip Code)



Registrant's telephone number                            (219) 239-0100
including area code



ITEM 5.  OTHER EVENTS


On January 26, 1994, Registrant issued a press release regarding its
fourth quarter and full year 1993 results.  A copy of this press
release is attached as Exhibit (99) and incorporated in this Item by
reference.  The press release contains certain forward-looking
statements about Registrant as defined in paragraph (c) of Rule 3b-6,
"Liability for Certain Statements by Issuers" issued pursuant to the
Securities Exchange Act of 1934.  The forward-looking statements of
Registrant published in the press release are reaffirmed hereby.



ITEM 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND      
           EXHIBITS

Exhibit (99) - Registrant's press release regarding its fourth quarter
and full year 1993 results issued January 26, 1994.



                                  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.


                              CLARK EQUIPMENT COMPANY

                              /s/ John J. Moran, Jr.

                              John J. Moran, Jr.
                              Assistant Secretary



Date:  January 26, 1994







                                 EXHIBIT (99)
                                NEWS  RELEASE

Contact:  Joe Fimbianti            Release Date:  IMMEDIATE
          219/239-0176

CLARK REPORTS PROFITABLE 1993;
SIGNI            FICANTLY IMPROVED RESULTS FROM OPERATIONS


SOUTH BEND, INDIANA, January 26, 1994 -- Clark Equipment Company (NYSE:
CKL) today announced net income of  $48 million, or $2.76 per share,
for 1993.   Included in 1993 results is a gain of $6.2 million, or
$0.35 per share, related to a change in accounting for income taxes
from the Company's investment in VME Group N.V.  These results compare
to 1992 net income of $66 million, or $3.81 per share, which included a
one-time benefit of $92 million for an accounting change for deferred
taxes and a $1.5 million net benefit from the sale and operating losses
of Clark's forklift truck business.  Sales for 1993 were $874.9
million, up 9 percent from $802.7 million in 1992.  The announcement
was made by Leo J. McKernan, Clark chairman, president, and chief
executive officer.

Commenting on the year's performance, Mr. McKernan said, "Our operating
businesses made solid gains in 1993.  Clark consolidated operations,
which include Melroe, Clark-Hurth Components, and Clark Automotive
Products, delivered profits of $34 million, up 68 percent from $20.2
million in 1992, on a 9 percent sales increase.  Similarly, the
performance of VME Group N.V., Clark's 50-percent-owned joint venture,
improved $55.9 million, with Clark's share of net operating income
rising to $7.8 million, despite a 9 percent sales decline."  In 1992,
Clark's share of VME's losses was $48.1 million. 

In fourth quarter 1993, Clark recorded net income of $18.4 million, or
$1.06 per share, on sales of $220.3 million, compared to a loss of $2.8
million, or $0.16 per share, on sales of $191.3 million in the prior-
year period.  There was substantial improvement in the operating
earnings of Clark consolidated businesses and VME.  There was no LIFO
income in 1993, compared to $1.8 million in fourth quarter 1992.

Two special charges combined to lower Clark 1993 fourth quarter net
income by $5.2 million.  These included (1) an expense related to stock
appreciation rights due to an increase in Clark's share price and (2) a
charge to field retrofit one skid-steer loader model with an additional
hydraulic lock-out system to prevent potential misuse.   The negative
impact of these special charges was reduced by decreased provisions for
taxes in the fourth quarter related to Clark's ability to utilize
capital loss carryforwards in the U.S. and Brazil.

Incoming orders in the fourth quarter 1993 were $207 million, compared
to $224 million in third quarter 1993 and $147 million in fourth
quarter 1992.  Order backlogs at December 31, 1993, were $146 million,
compared to $123 million at year-end 1992.


Commenting on the results of Clark's consolidated businesses, Mr.
McKernan said,  "Clark-Hurth's fourth quarter sales were flat compared
to the third quarter.  The European recession was largely responsible
for reducing overall 1993 sales by more than 10 percent.  However,
during the fourth quarter, incoming order and backlog trends improved,
especially in the European axle and transmission businesses.  Even
though the market outlook is relatively flat again in 1994, Clark-Hurth
has reduced its breakeven level significantly and should be profitable
at 1993 sales volumes." 

Regarding Brazil-based Clark Automotive Products, Mr. McKernan said,
"The business remained profitable, even with the normal seasonal fourth
quarter sales decline.  Sales, orders, and earnings for fourth quarter
1993 increased compared to the prior-year period."  The automotive,
light truck, and industrial sectors in Brazil also continued to improve
compared to 1992. The agricultural tractor and heavy truck sectors also
grew, but remained well below normal sales levels.  Improved sales of
replacement parts also benefited margins.

"At Melroe, sales and orders increased compared to an unusually strong
third quarter," said Mr. McKernan.  "This growth is coming from the
strong North American market, where industry fourth quarter retail
sales were up by more than 20 percent over 1992.  In 1993, Melroe
market share also improved over 1992."   He added that the strength in
North American markets was partially offset by the continued
deterioration in Europe, where skid-steer sales declined.  Bobcat mini-


excavator 1993 sales increased, as the product line made continued
headway in North America and Europe. 

Discussing the performance of VME Group, Mr. McKernan noted,  "Clark's
share of VME's net income increased to $10.3 million in the fourth
quarter from $1.8 million in the third quarter and a reported loss of
$7.4 million in fourth quarter 1992.  Sales improved in Scandinavia,
North America, and Brazil over the third quarter, offsetting continuing
weakness in most European markets.  Fourth quarter 1993 sales were
virtually unchanged from the prior-year period, reflecting substantial
margin gains from cost reduction efforts in 1992 and 1993 and the
devaluation of the Swedish Krona."

Mr. McKernan also noted that VME strengthened its worldwide position in
mining equipment markets by forming a joint venture with Hitachi
Construction Machinery in the rigid hauler business.  Hitachi, which
holds a substantial minority ownership in the venture, will distribute
rigid haulers in Japan and select markets in Asia and Oceania.  Hitachi
will also distribute VME's Volvo BM line of articulated haulers and
large wheel loaders in Japan.

Looking ahead, Mr. McKernan said, "We're cautiously optimistic about
1994.  While we expect earnings for first quarter 1994 to be below
fourth quarter 1993 for seasonal reasons, first quarter results should
improve compared to the prior-year period.   Clark operations will make
performance gains in 1994, even if markets remain flat during the 
remainder of the year.  Results will improve as our businesses continue
to benefit from  previous cost reduction programs.  When worldwide
markets strengthen, particularly in Europe, we expect further gains in
financial performance."

Clark Equipment Company's business is the design, manufacture, and sale
of skid-steer loaders, construction machinery, transmissions for on-
highway vehicles, and axles and transmissions for off-highway
equipment.

                                  # # # # #




CLARK EQUIPMENT COMPANY AND CONSOLIDATED SUBSIDIARIES
STATEMENT OF INCOME AND RETAINED EARNINGS (AUDITED)

                                              For the Period Ended December 31, 1993
(Amounts in Thousands, except per share data)   Fourth Quarter      Twelve Months
                                                1993      1992      1993       1992
                                                               
Net sales....................................$ 220,283 $ 191,270 $ 874,917 $  802,716

Operating costs and expenses:
   Cost of goods sold......................... 179,294   156,863   700,370    663,565
   Selling, general and
      administrative expenses.................  30,276    26,492   118,504     99,821
                                               209,570   183,355   818,874    763,386
Operating income..............................  10,713     7,915    56,043     39,330

Other income, net.............................     657     4,068    11,939     16,885
Interest expense..............................  (2,721)   (5,661)  (21,506)   (25,631)
Pre-tax income from consolidated operations...   8,649     6,322    46,476     30,584
Provision for income taxes....................     642     1,736    12,447     10,361
Income from consolidated operations...........   8,007     4,586    34,029     20,223
Equity in net income (loss)
   of associated company......................  10,387    (7,363)    7,840    (48,083)
Income (loss) from continuing operations......  18,394    (2,777)   41,869    (27,860)
Discontinued operations:
   Income (loss) from operations..............       0         0         0     (6,701)
   Gain on sale...............................       0         0         0      8,519
Income from discontinued operations...........       0         0         0      1,818
Income (loss) before effect of
   change in accounting principle.............  18,394    (2,777)   41,869    (26,042)
Effect of accounting change--income taxes.....       -         -     6,150     92,000
Net income (loss).............................  18,394    (2,777)   48,019     65,958

Add: Income retained (accumulated deficit)
   at beginning of period.....................  74,471    47,836    44,869    (20,899)
Deduct: Excess cost of treasury shares issued
   over the cost of certain employee benefits.     157       190       180        190
Income retained at end of period.............$  92,708 $  44,869 $  92,708 $   44,869

Income (loss) per share:
   From continuing operations................$    1.06 $    (.16)$    2.41 $   (1.60)
   From discontinued operations...............       -         -         -        .10
   From effect of accounting change...........       -         -       .35       5.31
   Net income (loss).........................$    1.06 $    (.16)$    2.76 $     3.81

Average number of shares......................  17,425    17,349    17,421     17,334
Number of shares outstanding
   at end of period...........................  17,402    17,351    17,402     17,351

Sales by classes of products (In millions):
   Off-highway...............................$   174.2 $   157.4 $   690.6 $    657.5
   On-highway.................................    46.1      33.9     184.3      145.2
Total net sales..............................$   220.3 $   191.3 $   874.9 $    802.7




CLARK EQUIPMENT COMPANY AND CONSOLIDATED SUBSIDIARIES
CONDENSED BALANCE SHEET

(Amounts in Thousands)                                    Dec.31     Dec.31
                                                           1992       1991
ASSETS
                                                            
Current Assets:
   Cash, equivalents, and short-term investments.......$  191,924 $  183,296
   Accounts and notes receivable........................   66,151    116,769
   Accounts receivable from associated companies........    1,046      2,731
   Refundable income taxes..............................        0      7,400
   Inventories..........................................  100,817    184,023
   Investment in discontinued operations-
      remaining finance operations .....................    9,648      9,111
   Prepaid income taxes.................................   21,341      4,200
   Other current assets.................................    5,198     12,880
      Total current assets..............................  396,125    520,410
Investments and advances--associated companies..........  121,314    137,695
Prepaid income taxes--net ..............................  101,831          -
Property, plant and equipment--net......................  216,196    283,806
Assets held for sale....................................    9,676     16,136
Goodwill................................................   81,653    119,469
Other assets............................................   31,896     42,434
      Total assets.....................................$  958,691 $1,119,950

LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities:
   Notes payable.......................................$   23,821 $   57,311
   Accounts payable and accrued liabilities.............  118,195    226,979
   Income taxes payable.................................    3,320      4,295
   Accrued postretirement benefits......................   19,000     17,800
   Deferred income taxes................................      963          -
   Current installments on long-term debt...............   21,570     21,271
      Total current liabilities.........................  186,869    327,656
Long-term borrowings....................................  186,629    216,949
Other non-current liabilities...........................   90,508    106,336
Accrued postretirement benefits.........................  229,903    230,100
Deferred income taxes...................................   12,195      1,410
      Total liabilities.................................  706,104    882,451
Stockholders' Equity:
   Capital stock........................................  323,164    322,950
   Retained earnings(accumulated deficit)...............   44,869    (20,899)
   Cumulative translation and other adjustments.........  (28,843)    28,054
   Common stock held in treasury at cost................  (50,951)   (52,049)
   Leveraged Employee Stock Ownership
      Plan shares.......................................  (35,652)   (40,557)
      Total stockholders' equity........................  252,587    237,499
      Total liabilities and stockholders' equity.......$  958,691 $1,119,950

Debt/Capitalization Ratio...............................     47.9%      55.4%
Current year capital expenditures......................$   37,284 $   48,602
Current year depreciation charges......................$   44,120 $   45,772