UNITED STATES
        SECURITIES AND EXCHANGE COMMISSION
              Washington, D.C. 20549

                    Form 10-C
 Report by Issuer of Securities Quoted on NASDAQ
           Interdealer Quotation System

   Filed pursuant to Section 13 or l5(d) of the
 Securities Exchange Act of 1934 and Rule 13a-17
               or l5d-17 thereunder

         Technology Research Corporation
         _______________________________
  (Exact Name of Issuer as Specified in Charter)

5250 140th Avenue North. Clearwater. Florida 34620
__________________________________________________
     (Address of principal executive offices)

Issuer's telephone number, including area code: (813) 535-0572


                       I. CHANGE IN NUMBER OF SHARES OUTSTANDING

      Indicate any change (increase or decrease) of 5% or more in the number
of shares outstanding:

1.   Title of security: common stock, $.51 par value

2.   Number of shares outstanding before the change: 15,844,507

3.   Number of shares outstanding after the change: 5,281,502

4.   Effective date of change: 9/15/95

5.   (A) Method of change: Reverse stock split.

     (B) Give brief description of transaction:

     The Board of Directors of Technology Research Corporation (the
("Company") approved a one for three reverse split of the Company's
authorized, issued and outstanding common capital stock. The one for
three reverse split will be made effective as to all shareholders of
record on September 15, 1995, following approval by the shareholders
of record at their August 23, 1995 annual meeting.

      Following approval by the shareholders, the Company will reduce its
authorized common stock from 30,000,000 shares to 10,000,000 shares and
increase the par value from 17 cents per share to 51 cents per share.

      Fractional shares created by the reverse stock split will be rounded 
up to the next whole number of shares. With the exception of the reduction
in the number of authorized, issued and outstanding shares of common stock,
all rights and privileges of the common stock will remain unchanged.
Following the reverse split, shareholders will be requested and required to
surrender their certificates representing pre-split shares of common stock
for certificates representing post-split shares.

      Additionally, and as a part of the reverse split, the Company will
amend its Articles of Incorporation with the filing of a Certificate of
Amendment with the Florida Secretary of State, by deleting the Fourth
Article in its entirety and substituting the following:

                                    ARTICLE IV
                                    Capital Stock

      The aggregate number of shares of stock authorized to be issued by
this Corporation shall be 10,000,000 shares of common stock, each with a par
value of $.51.  Each share of issued and outstanding common stock shall
entitle the holder thereof to fully participate in all shareholder meetings,
to cast one vote on each matter with respect to which shareholders have the
right to vote, and to share ratably in all dividends and other distributions
declared and paid with respect to the common stock, as well as in the net
assets of the Corporation upon liquidation or dissolution.





     August 23, 1995             Raymond H. Legatti
________________________         _____________________________
         Date                    Raymond H. Legatti, President